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Fidelity has re-entered the field of spot bitcoin ETF hopefuls.  The financial services giant, which has about $11 trillion in assets under administration, filed on Thursday. The ETF was filed under the Wise Origin Bitcoin Trust name. According to the filing, Fidelity Digital Assets Services will “be responsible for custody of the Trust’s bitcoin .” Fidelity’s filing comes after BlackRock — an asset manager with roughly $9 trillion assets under management — revealed plans to launch a spot bitcoin ETF earlier this month.  Read more: Is BlackRock’s clout enough to get its bitcoin ETF past the SEC? That move by BlackRock spurred other fund firms that had previously tried to launch such a fund — including Bitwise, WisdomTree, Invesco, Valkyrie and VanEck — to re-up their own efforts.  Ark Invest and 21Shares, which had re-filed for their spot bitcoin ETF in April, amended its proposal on Wednesday to include a surveillance-sharing agreement with an unnamed bitcoin spot trading p...

Crypto exchange FTX , founded by Sam Bankman-Fried, is suing former executive Daniel Friedberg for allegedly paying off whistleblowers. Friedberg served as FTX’s chief regulatory officer, as the chief compliance officer for FTX US, and was part of Alameda Research’s general counsel. The new CEO of FTX, John Ray III, took over to guide it through the bankruptcy process. Under Ray’s leadership, FTX now alleges that Friedberg often “fixed” problems for Bankman-Fried — such as silencing at least two whistleblowers with hush money before they could broadcast FTX’s problems. Those problems included regulatory issues and closer ties between FTX and Alameda Research than Bankman-Fried wanted to admit. FTX wants Dan Friedberg’s salary and stake The lawsuit includes eleven civil counts, including breach of fiduciary duty and approval of fraudulent transfers and “loans” to FTX executives. FTX is asking to receive Friedberg’s compensation during his time at the firm, including...

Proposal 11600 “ Terra Allies ‘Six Samurai’ Senior Engineering Team (L1/L2 Q3 Bid & Proposal)” received 57% “No with veto” and 36% “No” votes. The proposal only received 7% “Yes” votes. The proposal has completely failed to gain support from validators and other developers. Popular validators such as Happy Catty Crypto, Classy’s Sphere, Lunanauts, JESUSisLORD, StakeBin, and others rejected the proposal. advertisement The community cited valid reasons to reject the Six Samurai team co-led by developer Bilbo Baggins and Solid Snake . The reasons include a lack of transparency on developers and their abilities, trust in the existing Joint L1 Task Force developer team, and bad actors in the team. The major reason is the lack of funds in the community pool to approve all current proposals. Also Read: Terra Luna Classic (LUNC) Under Review By Hong Kong Virtual Asset Consortium Terra Allies ...

Join Our Telegram channel to stay up to date on breaking news coverage A new coin Pepe 2.0 is currently exploding on Uniswap. It has already created a buzz in the cryptocurrency industry. Investors are now waiting in speculations to see if it will be the next big hit in the ‘ meme coin ’ space and bring in huge ROI. Earlier today, the price of Pepe 2.0 was around 3.315e-9, which has now increased to 8.941e-9. At the time of writing this article, Pepe 2.0 ’ s trading volume is driving it close to the $10 million mark. When it comes to meme coins, they seem to follow a similar trajectory. They are considered a low-cap gem that explodes during pre-sale or initial listing and thus brings in spectacular gains for investors who move quickly. But, soon after their huge pump, they undergo price correction and plummet to the ground. This is why Pepe 2.0 is doing things differently. What is Pepe 2.0? This new coin Pepe 2.0 is backed by a great team who has studied th...

With dropping volatility and looming end-of-quarter options contracts expiration s, crypto markets are poised for an interesting week. Analysts say the recent rally has investors rethinking their positions.  Exchange Deribit has around 150,000 bitcoin options contracts worth about $4.5 billion set to expire on Friday. The exchange also has about $2.3 billion worth of ether (ETH) options contracts expiring on the same date. Bitcoin (BTC) and ether were trading at $30,701 and $1,896, respectively, at time of publication.  “BTC Max Pain at a significantly reduced level of $26,000 might alleviate the prevailing downward pressure on prices following the expiration,” Shaun Fernando, chief risk officer at Deribit, said. “With an impressive open interest of over $350 million at the $30,000 strike, the approaching quarterly expiration promises an exhilarating conclusion, carrying the potential for price turbulence amidst diverse gamma hedging strategies.” Analysts agree, open interest i...

Join Our Telegram channel to stay up to date on breaking news coverage The Middle East’s two most powerful economies, the United Arab Emirates (UAE) and Saudi Arabia, had its central banks release a report today. This report pertained to the joint central bank digital currency (CBDC) project that the two central banks have been doing for a year now. As it stands now, these reports have very good things to say about blockchain technology, which is always a plus. Breaking Boundaries In More Ways than One Project Aber stands as a joint effort between Saudi Arabia and the UAE to establish a “proof of concept.” This project was announced back in January of 2019, dedicated to contributing to the knowledge of both DLT technologies and CBDCs. With two central banks combining their efforts to study this, Project Aber stands as the first of its kind. Even the name of the project, Aber, speaks to the project’s core mission, the report notes. Aber stands as the Arabic word for “crossing b...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Price Prediction – April 18 In the recent sessions, the trade worth of BTC/USD was trading between the points of $65,000 and $60,000. But, as of now, the crypto’s value has succumbed to a degree of pressure inflicted on it by the US Dollar in the market. BTC/USD Market Key Levels: Resistance levels: $60,000, $65,000, $70,000, Support levels: $50,000, $45,000, $40,000 BTC/USD – Daily Chart Today’s ongoing formation of a bearish candlestick has engulfed several featuring of bullish candlesticks that saw BTC’s point initially to the peak trading zone of $65,000. That signifies a start in the return of a downward move in the crypto-trade. The lower bullish channel-line and the 14-day SMA trend-line have been breached to the south. Like wisely, the Stochastic Oscillators have crossed southbound from the overbought region to point towards the south around range 40. That indicates ongoing selling pressures ...

Join Our Telegram channel to stay up to date on breaking news coverage After Binance left Cyprus, Bybit strengthened the island’s cryptocurrency ecosystem by obtaining an operating permit. Bybit, a cryptocurrency exchange, said that it now has a license to operate in Cyprus as an exchange and custody business. The third-most popular cryptocurrency exchange on the planet will start providing trading between crypto and fiat currency pairs as well as financial services pertaining to cryptocurrencies. Cyprus is becoming a more popular crypto hub in the Mediterranean, in part thanks to government initiatives. In 2022, Kyriacos Kokkinos, who was the president’s deputy minister for research at the time, predicted that the nation will develop into a center for new disruptive technologies like blockchain. A decade has passed since a bank run on Cypriot institutions caused a 600% price spike for Bitcoin, and the Cypriot central bank has previously issued warnings regarding cr...

$BITO’s Strong Performance According to Eric Balchunas, Senior ETF Analyst for Bloomberg, $BITO had its largest weekly inflow in a year, accompanied by a notable trading volume of half a billion shares on Friday. Despite concerns about the impact of futures roll costs on $BITO’s performance, it has demonstrated an impressive ability to track the price of Bitcoin closely. advertisement Adding to it, Eric said: It’s lagged spot by 1.05% ann, but it’s fee is 0.95% = only 10bps of roll (extra) costs, which is rounding error. Many predicted >5% a yr. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read ...

Investment firms Invesco and WisdomTree are making more attempts to secure approval to launch spot bitcoin exchange-traded funds (ETFs) following initial rejections. Their renewed efforts come just days after the world’s largest asset manager BlackRock made its own bid to launch such a fund. In its Tuesday filing, Invesco contends that the lack of a spot bitcoin ETF puts US investors at considerable risk, as they may resort to utilizing unreliable digital asset accounts, like many did with FTX, Celsius, BlockFi and Voyager. Availability of a spot bitcoin ETP could have resulted in billions of dollars remaining invested in a regulated and well-understood structure, rather than being tied up in proceedings, it added. Invesco, one of the largest ETF issuers in the world, had $1.4 trillion assets under management as of April. Invesco is pursuing approval to list the “Invesco Galaxy Bitcoin ETF” on the Cboe BZX exchange, while WisdomTree is seeking to list the “WisdomTree Bitcoin Trust...

Robinhood is ending support for cardano (ADA), polygon (MATIC) and solana (SOL) — just days after all three were targeted by the SEC in both of the SEC’s suits against Binance and Coinbase.  The assets won’t be tradable via Robinhood as of June 27, with the brokerage saying that customers with ADA, MATIC and SOL “still on Robinhood after the deadline will be automatically sold and credited” to their Robinhood account.  “Earlier this week the SEC sued crypto companies Binance and Coinbase and alleged that a number of cryptocurrencies are unregistered securities. This includes Solana (SOL), Polygon (MATIC), and Cardano (ADA), which are currently supported on the Robinhood Crypto platform,” Robinhood said in an email to Blockworks.  “This introduced a cloud of uncertainty around these assets and, as a result, our team has decided to end support for them,” Robinhood continued. The SEC is alleging that ADA, MATIC and SOL are all securities in the lawsuits. In arguing SOL is a securit...

United States investors have long awaited for a Spot Bitcoin (BTC) ETF (exchange-traded fund). Such investment vehicles are available in a number of countries such as Canada, Brazil and Dubai. However, the U.S. SEC has not approved any application in the country so far. The first Spot BTC ETF application in the U.S. was filed in 2013. However, ten years after the first application, investors and firms still hope for approval. An ETF is a publicly traded investment instrument that tracks the value of an underlying asset. For a BTC ETF, the underlying asset is Bitcoin. Investors might obtain exposure to Bitcoin through a BTC ETF without holding any digital currency themselves. Although none have been approved, there are several high-profile BTC ETF applications with the SEC. Source: Coinsturn Spot Bitcoin ETF Applications in the U.S. BlackRock : BlackRock, the biggest asset manager in the world, submitted an application for a BTC spot ETF on June 15. The application proposed BNY Mellon a...