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SEC Approval Was Huge for Bitcoin ETFs. But the World's Biggest Just Got a Far More Important Win.

The Motley Fool

After plunging in 2022, Bitcoin (CRYPTO: BTC) got its mojo back, more than doubling in 2023. The end of the crypto winter came in large part because of anticipation that the Securities and Exchange Commission (SEC) might finally grant approval to exchange-traded funds (ETFs) seeking to own Bitcoin directly.

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This Cryptocurrency Exchange-Traded Fund (ETF) Could Soar 5,300%, According to Cathie Wood's Ark Invest

The Motley Fool

Under CEO Cathie Wood, the company manages thematic exchange-traded funds (ETF) built around various technologies, including blockchain and cryptocurrency. The company published a Bitcoin valuation model in 2023 that posited a price of $1.5 Fortunately, things got easier when the SEC approved spot Bitcoin ETFs in January.

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Judge Says XRP Is Not Always a Security -- the Price Is Rocketing Higher

The Motley Fool

ET after Ripple scored a big victory in court when a federal judge ruled that XRP is not "necessarily" a security. Securities and Exchange Commission (SEC) sued Ripple several years ago, claiming the company sold XRP tokens without registering them with the SEC, which violated securities laws because XRP is in fact a security.

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JPMorgan to Pay SEC Fines for Deleting Electronic Records

The Motley Fool

Image source: Getty Images What happened The SEC has fined JPMorgan Chase & Co. $4 On Thursday, the SEC said JPMorgan accidentally deleted the records in the first quarter of 2018 as it was troubleshooting glitches. The commission has ordered JPMorgan to pay a fine. In 2021, the SEC fined JPMorgan subsidiary “J.P.

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This Growth Stock Soared 391% in 2023. It Could Fall 48% in 2024, According to Wall Street.

The Motley Fool

The cryptocurrency market declined more than 60% in 2022 amid a broader exodus from risky assets, but it rebounded 110% in 2023 as investor sentiment improved, in part because of excitement about the possible launch of spot Bitcoin ETFs. After tumbling 86% in 2022, the stock soared 391% in 2023. cryptocurrency exchange.

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Why Coinbase, Cardano, and Solana Are Rising Today

The Motley Fool

Securities and Exchange Commission (SEC) and Ripple Labs, the creator of XRP (CRYPTO: XRP). based crypto exchange Coinbase (NASDAQ: COIN) traded nearly 18% higher as of 2:52 p.m. In late 2020, the SEC sued Ripple for raising $1.3 billion through "an unregistered, ongoing digital asset securities offering."

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Bitcoin Is Up 83% in 2023, but Can It Keep Rising Forever?

The Motley Fool

But 2023 has been a different story. Bitcoin's hash rate, which measures the amount of energy securing the network, has increased significantly since the China ban caused a temporary dip, a clear indicator of Bitcoin's resilience. The safest way to buy Bitcoin is through a major exchange like Coinbase, Binance, Kraken, or Gemini.