NEW YORK—The Securities and Exchange Commission on Tuesday said it delayed its decision on a bitcoin exchange-traded fund (ETF) proposal from NYDIG, which would be based on the price of bitcoin held in a trust. The SEC said it will make a decision about whether to allow the bitcoin ETF from NYDIG, a subsidiary of…
SEC Delays Decision on NYDIG Bitcoin ETF
Shiba Inu Becomes the Most Popular Crypto in 2021, Surpassing Dogecoin and Bitcoin on CoinMarketCap
In a recent tweet, the world’s most-referenced cryptocurrency price-tracking website CoinMarketCap announced that Shiba Inu was the most viewed crypto in 2021. It is currently the 13th largest cryptocurrency in the world, with a market cap of over $20 billion. According to CoinMarketCap, Shiba Inu recorded more than 188 million views during the last 12 months, while…
US SEC Rejects Valkyrie, Kryptoin Bitcoin Trusts
The U.S. Securities and Exchange Commission vetoed two proposals to offer bitcoin exchange-traded funds (ETF), dealing a blow to market participants who had hoped the agency would green light the effort after approving futures-backed bitcoin funds in October. In a notice dated Wednesday, the markets regulator said both of the proposals to list and trade…
Bitcoin Cracks $50,000 Barrier in Possible Sign of ‘Santa Claus Rally’ in Risk Assets
Bitcoin broke through the $50,000 barrier on Thursday and was trading just below the $51,000 mark Friday as the cryptocurrency’s solid leg up followed stocks and other risk assets upward in what may signal a year-end “Santa Claus Rally.” The world’s leading cryptocurrency had been stuck below the psychological barrier of $50,000 for two weeks…
El Salvador President Bukele Purchases 21 Bitcoins on Dec. 21
El Salvador’s President Nayib Bukele bought another 21 bitcoins on Dec. 21 to mark the 21st day of the last month of the 21st year of the 21st century. Bukele announced the tongue-twisting bitcoin purchase on Twitter on Tuesday night, adding that he made the purchase at exactly 21:00 local time. The president shared a screenshot…
US Files Civil Action to Return $150 MiIlion in Embezzled Funds to Sony
SAN DIEGO—The Department of Justice announced Dec. 20 that it has filed a civil complaint in San Diego federal court to return more than $154 million allegedly stolen from a subsidiary of Sony by one of its employees. The civil forfeiture complaint alleges that Sony Life Insurance Company Ltd. employee Rei Ishii embezzled funds from…
MicroStrategy CEO and Bitcoin Bull Michael Saylor Says Company Could Generate Huge Income From Its Bitcoin Holdings
MicroStrategy CEO Michael Saylor says that the company could produce revenue from its huge Bitcoin holdings. What Happened: Saylor said the company has close to 122,478 Bitcoins, and it could lend some of it to a counterparty to generate income. He also said that MicroStrategy could put its Bitcoin into some form of partnership with a…
US SEC Delays Decision on Grayscale’s Spot Bitcoin ETF
The U.S. Securities and Exchange Commission has delayed its decision on a spot bitcoin exchange-traded fund (ETF) proposal from Grayscale Bitcoin Trust, the world’s largest digital currency manager. In a notice dated Wednesday, the markets regulator said it now expects to review Grayscale’s proposal by Feb. 6, later than the original December deadline. In October,…
Bitcoin Has Come a Long Way, Ray Dalio Says in Interview That Also Touches on Inflation and US Politics
Ray Dalio, billionaire investor and founder of the world’s largest hedge fund, Bridgewater Associates, in a Dec. 15 interview with Marketwatch, praised Bitcoin, the largest cryptocurrency on the market. “It has been an amazing accomplishment for bitcoin to have achieved what it has done, from writing that program, not being hacked, having it work and having it adopted the…
Robinhood Adds Crypto Gift Capability to Platform: Now You Can Send Bitcoin, Doge Presents
Robinhood Markets, Inc. has announced a gifting option just in time for the holidays that has the potential to “keep on giving.” What Happened: Robinhood customers will be able to customize and send a crypto gift to friends and family from the trading app beginning Dec. 22, the company announced in a Thursday blog post. This…
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