Bitcoin News and Finance: What You Need to Know

Galaxy Digital CEO Mike Novogratz expects the U.S. Securities and Exchange Commission (SEC) to approve a spot bitcoin exchange-traded fund (ETF) by Jan. 10 next year. Subsequently, he foresees the cryptocurrency reclaiming its all-time high of $69,000 and wouldn’t be surprised if it surpasses that price level. The executive also predicts progress in U.S. crypto regulation, expecting changes in leadership at the Treasury Department and the SEC after the upcoming presidential election. Mike Novogratz’s Crypto Predictions The CEO of Galaxy Digital, Mike Novogratz, discussed his perspectives on the crypto market and his expectations regarding the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) in an interview with CNBC earlier this week. Regarding spot bitcoin ETF approvals, the Galaxy Digital boss said: We are gonna get this ETF before January 10th. Novogratz added that spot bitcoin ETFs will likely take six to eight weeks...

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings regarding cryptocurrency investments. “There is a lot of noncompliance in the crypto space,” he stressed, emphasizing that it “undermines confidence when so many people have been hurt and all they can do is stand in line in the bankruptcy court.” Gensler’s warnings came as the market expects imminent approvals of spot bitcoin exchange-traded funds (ETFs). Gary Gensler’s Crypto Warnings The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, issued crypto warnings on social media platform X Thursday. The SEC chief wrote: There is a lot of noncompliance in the crypto space. It undermines confidence when so many people have been hurt and all they can do is stand in line in the bankruptcy court. Further, this can make it hard for the good faith actors to compete. His post is accompanied by a video of him on CNBC last week, elaborating on the prevalent noncompliance withi...

The U.S. Securities and Exchange Commission (SEC) has reportedly made “rare” calls to spot bitcoin exchange-traded fund (ETF) issuers and exchanges regarding their applications. A Bloomberg ETF analyst views this development as a “good sign” for the expected approvals by Jan. 10. The securities regulator has insisted on the cash creation model, rather than the in-kind model, for spot bitcoin ETFs. SEC’s ‘Rare’ Calls Regarding Spot Bitcoin ETFs The U.S. Securities and Exchange Commission (SEC) actively held meetings with spot bitcoin exchange-traded fund (ETF) applicants this week. Blackrock, the world’s largest asset manager, and several other spot bitcoin ETF applicants met with the securities watchdog on Thursday, according to filings with the SEC. Moreover, Fox Business Network’s senior correspondent, Charles Gasparino, shared on social media platform X Thursday that the SEC is “having what’s described as a rare joint conference call with prospective spot BTC ETF filers, as its...

As 2024 approaches, Bitfinex market strategists have expressed optimism for bitcoin and crypto assets in general, acknowledging their resilience amid regulatory and reputational challenges. The crypto market, according to Bitfinex analysts, is oscillating between bouts of greed and regulation and is set to witness an upward trajectory with market capitalization possibly doubling. Bitfinex Analysts Forsee a Bullish Trajectory for Bitcoin and Crypto Assets Amidst Macro Stability The year 2024 is eyed with optimism, with Bitfinex analysts suggesting a potential market cap for the crypto economy increasing up to $3.2 trillion amidst historical pullbacks and market oscillations. The latest Bitfinex Alpha report says a shift towards “extreme greed” in the crypto fear and greed index suggests mid-bull market highs for bitcoin ( BTC ), indicating a vibrant market phase. Bitfinex researchers explain that institutional investors’ rising interest in crypto assets, particularly bitcoin, is pi...