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Bitcoin (CRYPTO: BTC) investors might recall a fine Wednesday last January when the first exchange-tradedfunds (ETFs) based on spot Bitcoin prices hit the Street. How Bitcoin ETFs reshaped the market The Winklevoss twins of Facebook fame filed the first application for a spot Bitcoin ETF way back in 2013.
If you invested $1,000 in the world's oldest and most valuable cryptocurrency in April 2013, you'd be sitting on a balance of roughly $121,000 right now. Earlier this year, the Securities and ExchangeCommission (SEC) approved spot exchange-tradedfunds (ETFs) that have opened the capital floodgates.
XRP, the native cryptocurrency of the Ripple payment platform, is a much smaller token that has largely traded on the drama surrounding a U.S. Securities and ExchangeCommission (SEC) lawsuit over the past four years. First, the SEC approved Bitcoin's first 11 spot price exchange-tradedfunds ( ETFs ) in January.
The differences between XRP and other cryptocurrencies XRP is the native cryptocurrency of Ripple, a blockchain ledger which is used as a cheaper, faster, and more secure alternative to the widely used SWIFT (Society for Worldwide Interbank Financial Telecommunication) protocol for money transfers. To make matters worse, the U.S.
If you're looking for easy ways to make passive income, you might want to check out Vanguard's exchange-tradedfunds (ETFs). And one of its funds should be especially attractive to income hunters. An initial investment of $100,000 would spin off $6,820 in income based on the ETF's current 30-day SEC yield.
In 2013, Lee predicted the Dow Jones Industrial Average would hit 20,000 within four years. Centralized crypto exchange FTX was shut down when its founder, Sam Bankman-Fried, was caught committing fraud, leaving clients and investors $8 billion out of pocket. Bitcoin exchange-tradedfunds are a new source of demand The U.S.
Dogecoin was launched as a parody of Bitcoin (CRYPTO: BTC) in 2013, and Shiba Inu was created to poke fun at Dogecoin in 2020. Its blockchain also hosts ShibaDEX, a cross-chain decentralized exchange (DEX) which acts as an official cryptocurrency wallet for its own tokens. Second, the U.S.
Back in 2013, two software engineers created Dogecoin (CRYPTO: DOGE) -- which was named after the popular "doge" meme featuring a Shiba Inu dog -- as a playful parody of Bitcoin and other cryptocurrencies. Dogecoin was also left out in the cold earlier this year when the U.S.
The analysts recently revised their year-end price target to $90,000, up from $80,000, due to the tremendous demand for spot Bitcoin exchanged-tradedfunds (ETFs) and the impact of the halving event anticipated next month. But Gautam Chhugani and Mahika Shapra at Bernstein see more gains on the horizon.
This is why investors pay such close attention to Berkshire Hathaway's quarterly Form 13F filings with the Securities and ExchangeCommission (SEC). Because New England Asset Management continues to oversee more than $100 million in assets under management, it's required to file a 13F with the SEC every quarter.
Fear not, because the Securities and ExchangeCommission (SEC) just sent out a fresh batch of invites in the form of 11 exchange-tradedfunds (ETFs) based on Bitcoin's real-time spot price. Either way, I expect a rapid inflow of investor funds into these new or reformed ETF assets.
XRP (CRYPTO: XRP) , the digital currency of the Ripple blockchain, has taken its investors on a wild ride since its market debut in 2013. It started trading at $0.0058893, soared to an all-time high of $3.84 in early 2018, but now trades at about $0.60. In other words, a $10,000 investment would have grown to $6.52
Securities and ExchangeCommission (SEC) officially recognizes as a commodity instead of a security. That classification supported the approvals of the first Bitcoin spot price exchange-tradedfunds ( ETFs ) this January. That's why Bitcoin is still the only cryptocurrency the U.S.
For many years, investors could buy Bitcoin (CRYPTO: BTC) only through dedicated cryptocurrency exchanges. They could also invest in exchange-tradedfunds (ETFs) that were tethered to future contracts or Bitcoin trusts, but the former didn't always closely track Bitcoin's spot price, while the latter charged high expense fees.
The long-awaited spot Bitcoin (CRYPTO: BTC) ETF has been approved by the Securities and ExchangeCommission (SEC), with 11 spot exchange-traded products officially getting the nod from regulators, after years of denials and a very hawkish regulatory stance.
Fees are high, the transaction can take several days, and exchange rates can make significant moves before the payment settles. Moreover, there is no mining process for XRP -- Ripple Labs created 100 billion tokens in 2013 and holds nearly half of that supply off the market in escrow accounts. The price surge started near the U.S.
In a landmark decision, the Securities and ExchangeCommission (SEC) approved 13 applications to create a spot Bitcoin (CRYPTO: BTC) exchange-tradedfund (ETF). While applications were reviewed individually, the SEC approved more than a dozen simultaneously to avoid giving any firm a head start.
Investing in exchange-tradedfunds (ETFs) offers an easy way to follow this process. Its 30-day Securities and ExchangeCommission (SEC) yield (which measures the annualized yield to maturity over the last 30 days as a percentage of total assets) is a sky-high 6.42%.
4, the Securities and ExchangeCommission (SEC) will be reducing its 50-person cryptocurrency law-enforcement group in keeping with the preferred policies of the new presidential administration. But it is not clear that less enforcement by the SEC will change much of anything at all.
Securities and ExchangeCommission (SEC) plans to drop its appeal in a long-standing lawsuit against Ripple, the company behind XRP. Learn More In 2023, a federal judge ruled that when Ripple was sold to institutional investors it did qualify as a security. Where to invest $1,000 right now?
Dogecoin Price data by YCharts Dogecoin: The first meme token Software engineers Billy Markus and Jackson Palmer created Dogecoin as a joke in the early days of crypto in 2013. XRP could also be a candidate to become a spot exchange-tradedfund (ETF), which would increase liquidity and exposure for the token.
Trump already nominated pro-crypto businessman Paul Atkins to run the Securities and ExchangeCommission (SEC), which was music to the industry's ears (although he must be confirmed by the Senate first). That shouldn't come as a surprise, considering Dogecoin's two founders created it as a joke in 2013.
Ripple created the XRP cryptocurrency for banks to use in those transactions, so they can save money on currency exchange fees and other costs. Securities and ExchangeCommission (SEC) sued Ripple in 2020, arguing the XRP token should be a registered financial security (like a stock or a bond ). trillion.
But Bitcoin was up 155% last year, 303% in 2020, 1,369% in 2017, and 5,481% in 2013. The launch of the spot Bitcoin ETFs One key factor behind this year's rally was the launch of the new spot Bitcoin exchange-tradedfunds (ETFs) in January. For example, Bitcoin soared 5,481% in 2013. Let's take a closer look.
In 2020, the Securities and ExchangeCommission sued Ripple Labs, the company behind XRP , and its CEO, Brad Garlinghouse, and co-founder Christian Larsen for allegedly selling XRP as an unregistered security in 2013. A judge ruled in Ripple's favor, but then the SEC appealed parts of the decision.
For example, two banks located in different countries can transact in XRP instead of using fiat money , because it allows them to bypass currency exchange fees and other transaction costs. Securities and ExchangeCommission (SEC) sued Ripple in 2020, alleging it violated the law because of the way it distributes XRP.
Dogecoin (CRYPTO: DOGE) is a novelty token that was created in 2013 as a joke. Earlier this year, the Securities and ExchangeCommission (SEC) approved several Bitcoin exchange-tradedfunds (ETFs), which gives financial advisors and institutional investors a safer, more regulated way to own the cryptocurrency.
In 2013, he said he still held $5 million in Bitcoin and would be willing to invest another $10 milion to $15 million in the cryptocurrency. In a conference call in 2020, Palihapitiya said Social Capital had bought Bitcoin throughout 2013, while it was still trading between $13 and $1,200. Meanwhile, the strength of the U.S.
And the Securities and ExchangeCommission (SEC) has approved Bitcoin and Ethereum spot exchange-tradedfunds (ETFs). Using these funds and platforms like Coinbase is a lot easier than getting your own digital wallet and trying to remember long passphrases to store and access your tokens.
During the campaign, Trump said he would fire Gary Gensler, chair of the Securities and ExchangeCommission (SEC), on day one if elected. In 2020, the SEC sued Ripple, the company behind XRP , and its founders Brad Garlinghouse and Christian Larsen, for selling XRP as an unregistered security in 2013.
The crypto sector has faced regulatory headwinds over the last several years from regulators like the Securities and ExchangeCommission (SEC). Crypto proponents hoping to avoid strict securities laws would prefer cryptocurrencies to be treated as currencies and overseen by the Commodity Futures TradingCommission (CFTC).
Securities and ExchangeCommission (SEC) for potentially selling unregistered securities. However, with Trump expected to shake up the SEC, fewer regulatory concerns should exist when it comes to selling more tokens. A judge ruled in favor of the defendants, but then the SEC appealed parts of the case.
A lighter regulatory backdrop will also likely lead to more brokerages being able to sell crypto and more spot crypto exchange-tradedfunds (ETFs), which can be very positive for crypto prices. Solana has faced similar allegations from the SEC. Here are four cryptocurrencies that could get their own spot ETFs in 2025.
"The themes around the Trump trade for crypto are deregulation, potential tax cuts for an asset that is both held long term but also day traded, less dependency on parts of government like financial institutions and the Fed -- or at least an alternative for decentralized currency -- and overall support of risk assets and the growth of crypto.
The cryptocurrency is still facing an appeal from the Securities and ExchangeCommission (SEC) in an ongoing lawsuit regarding whether Ripple and its founders sold XRP as an unregistered security in 2013. Meanwhile, after years of underperforming, XRP has broken out.
Securities and ExchangeCommission (SEC) sued Ripple, the company behind XRP; current CEO Brad Garlinghouse; and co-founder Chris Larsen in 2020, alleging that the parties sold XRP as an unregistered security in 2013. The SEC appealed parts of the decision. Image source: Getty Images.
Sign Up For Free The Securities and ExchangeCommission (SEC) sued Ripple, the company behind XRP, and its founders in 2020 for selling XRP as an unregistered security in 2013. In 2023, a federal judge ruled in XRP's favor, although the SEC had said last year it would appeal parts of the decision.
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