• $40B stimulus money Bitcoin
    Bitcoin

    $40B of stimulus money headed to Bitcoin: Report

    A study predicts that more than 10% of the money distributed to United States citizens in $1,400 stimulus checks could end up invested in Bitcoin

    Nearly 40% expect to invest a portion of it in stocks or Bitcoin. The respondents also showed a preference for Bitcoin over stocks. Saying that Bitcoin could swallow as much as 60% of those investments, Dolan noting, "We calculate it could add as much as 2-3% to Bitcoin's current $1.1 trillion market value.”

  • markets report bitcoin price
    Bitcoin,  Regulation

    Markets Report: Bitcoin sees $6K drop as Grayscale CEO eyes ‘buying opportunity’

    Concerns that India will enact a full cryptocurrency ban are once again back in the spotlight after a report in mainstream media

    Bitcoin is trailing as it starts a new week thanks to fresh worries over a blanket ban by India—is that it for the bull run? After hitting new all-time highs of almost $62,000 over the weekend, Indian lawmakers have burst Bitcoin’s bubble, sparking the biggest daily losses in history.

  • WisdomTree Bitcoin ETF
    Bitcoin,  Regulation

    WisdomTree joins Bitcoin ETF race

    The exchange-traded fund provider is the fifth firm this year to file for U.S. Securities and Exchange Commission permission to launch a Bitcoin ETF

    WisdomTree has joined a competitive race to be the first United States company to launch such a product on the local market. Other contenders include VanEck, which filed on Dec. 30, Valkyrie on Jan. 22, and Bitwise Asset Management and New York Digital Investment Group (NYDIG) in February. Recent rumors say investment bank giant Goldman Sachs could soon join them.

  • Ripple kills Michael Barr Comptroller Currency
    Regulation,  Ripple

    Ripple advisor’s crypto connections kill appointment as banking regulator

    Former Ripple Advisory Board member Michael Barr was too moderate and pro-crypto for progressives who blocked his nomination as Comptroller of the Currency

    Barr was seen as part of a trio of crypto-friendly financial regulators nominated or under consideration by the administration of President Joe Biden. Former MIT digital asset and blockchain professor Gary Gensler is in the process of being confirmed as chairman of the Securities and Exchange Commission (SEC), while DC Fintech Week conference head Chris Brummer is said the be the choice to lead the Commodity Futures Trading Commission (CFTC).