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The funeral services for Jimmy Carter began in DC
US President Donald Trump has appointed the country’s first crypto and artificial intelligence czar, David Sacks. Sacks will work with Trump to shape policies that will help development of the digital currency and artificial intelligence. The Securities and Exchange Commission (SEC) earlier approved investment funds that track price of Bitcoin early last year.
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The community went against the wishes of the community
US President Scott Scott, who took the stage at the Bitcoin Conference, called cryptocurrencies “the next president of the United States”. He further said that Bitcoin storage facilities could be set up in the US. Scott also introduced a draft bill to establish Bitcoin storage facilities across the country. This comes after US President Donald…
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The bitcoin bros went wild for Donald Trump
Former US President Donald Trump on Sunday announced a “present to President Trump” at the cryptocurrency conference Bitcoin Summit that would be a “strategic Bitcoin reserve”. The reserve will be used to “ensure safe expansion of stablecoins”, he added. Trump had earlier said that he would not create a Central Bank Digital Currency (CBDC), saying,…
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Here are the people who will get rich
Cryptocurrency exchange Coinbase and Gemini will provide custody services for nearly all the new spot Bitcoin exchange-traded funds (ETFs) that will be released by a group of companies, including BlackRock and Franklin Templeton. Only four multinational financial service firms have joined as authorised participants (APs) to date. However, the pool of firms that perform these…
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More Americans will be able to buy new coins because the U.S. has said yes to new funds
The US Securities and Exchange Commission has approved the first-ever exchange-traded fund (ETF) for Bitcoin, the world’s most valuable cryptocurrency. According to Bloomberg, this is the first time a Bitcoin ETF has been approved for trading. The SEC also approved two more Bitcoin-related ETFs, one based on the price of Bitcoin, another based on the…
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First US approved Bitcoin exchange traded fund
The US Securities and Financial Markets Commission (SEC) has approved spot bitcoin exchange-traded funds (ETFs) for investors. This comes a year after the agency had rejected the Winklevoss twins’ Bitcoin Trust, citing concerns about how Bitcoin is valued and held. A number of firms including Valkyrie Investments and Digital Currency Group have been approved for…
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The SEC’s official account was compromised and used to post fake news
The official X account of the US Securities and Exchange Commission (SEC) has been “compromised”, resulting in the publication of an “unauthorized” post, SEC Chair Gary Gensler said. The post was regarding regulatory status of Bitcoin ETFs, a financial product that could allow people to invest in Bitcoin like standard stocks. The post has since…
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The trial of Sam Bankman- Fried was explained
A US judge has issued a bench warrant for Ralph Bankman-Fried, the former head of FTX, who is accused of defrauding investors in cryptocurrency exchange FTX. Bankman-Fried was arrested in the Bahamas, where FTX was headquartered, and extradited to the US. FTX’s CEO had allegedly used the company’s funds to buy Bitcoin from its users…