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Tom Wan, an analyst at 21co, reports that in the next three years, the era of tokenized US Treasury is going to be incredibly large and could be worth $3 billion by 2024. Growth is expected because more people are now using decentralized finance (DeFi) projects while others are using decentralized autonomous organizations (DAOs). Moreover,…
It seems that Michael Dell, an American entrepreneur and founder of Dell Technologies, is embracing Bitcoin. Recently on social media platform X, he tweeted “Scarcity creates value” and retweeted a tweet by Michael Saylor who is known to be a pro-Bitcoin evangelist. For years, Dell has been a leading provider of computer and software technology….
Increasing Global Acceptance of Bitcoin-Based Products Nations across the globe are beginning to approve products modeled on Bitcoin. Most recently, Thailand has come on board citing the rapid rise of crypto adaptation in the country. Thailand’s Securities and Exchange Commission (SEC) has allowed a company that wanted to operate a Bitcoin spot exchange-traded Fund (ETF)….
Following the SEC’s endorsement of the 19b-4 forms, the gradual progression toward listing funds on exchanges has begun. One of the major steps is to have listings at Depository Trust and Clearing Corporation (DTCC) such as Fidelity’s Ether spot ETF alongside BlackRock, VanEck, and Franklin Templeton products. Fidelity’s Significant Listing Fidelity which is one of…
The discussion for cryptocurrency is getting hotter as the elections draw nearer, and SEC chairman Gary Gensler expresses his apprehension about FIT21. This new legislative document is set to be tabled before U.S. House Representatives tomorrow. Gensler heavily faults FIT21, saying that if implemented, it will sideline SEC and hurt the $100 trillion capital markets…
Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), reiterated his stance on cryptocurrencies during a recent television appearance. When asked about Ether ETFs, he stated, “These requests are currently under consideration… A 5-member commission will make a decision,” yet he refrained from disclosing further details. Similar Remarks on Cryptocurrencies In light…
Major Bitcoin owners made extraordinarily large purchases in a single day, totaling 47,500 BTC. CEO of CryptoQuant Ki Young Ju offered shrewd analysis, predicting a dramatic change in the market environment. Bitcoin Resilience: Less Stress from the Fed Bitcoin has surpassed $64,500 today, solidifying its position as the most popular cryptocurrency despite earlier losses. Since…
JPMorgan, a well-known bank among the biggest in the world and the United States, has released a study indicating that it will take a “cautious and prudent” approach to Bitcoin in the future. Bank analysts emphasize the persistent strength of the prevailing variables limiting Bitcoin’s rise in this research. But in the complex dynamics of…
Deutsche Bank, one of the world’s largest investment banks headquartered in Germany, conducted a notable survey regarding Bitcoin and cryptocurrencies. Interestingly, the survey indicates a gradual shift away from previously held negative sentiments towards the crypto sphere. Over half, 52%, believe cryptocurrencies will become significant investment assets. Expectations Below $20,000 by 2024 Among the intriguing…
Today, Eric Balchunas, an ETF analyst at Bloomberg, disclosed via social media that BlackRock has made revisions to its Bitcoin ETF prospectus. This update incorporates the addition of several new authorized participants, marking a significant development in the realm of digital assets. Notably, names such as Citadel, Goldman Sachs, UBS, and Citigroup emerge as fresh…
The market value of tokenized US Treasury notes has soared beyond $1 billion. However, data meticulously tracked by 21.co reveals the collective value now stands at an impressive $1.08 billion. Major public blockchains like Ethereum, Polygon, and Avalanche facilitate this transformative growth. Moreover, Stellar and others also play significant roles in this surge. Therefore, this…
In a recent address, the Chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, shed light on a pressing issue within the realm of cryptocurrency securities. Gensler articulated that certain entities operating in the crypto securities market are endeavoring to circumvent registration mandates. As a result, this maneuver, he underscored results in…