The price of Bitcoin (BTC) has broken through $45,000 for the first time in nearly two years as the market prepares for a widely expected approval of a spot Bitcoin exchange-traded fund (ETF). Bitcoin climbed rapidly from a price of $42,000 on Jan. 1, surging more than 6% in the last 24 hours and 170% over the last year, per CoinMarketCap data. Bitcoin is up 6% in the last 24 … [Read more...] about Bitcoin price breaks above $45K, days ahead of potential ETF approval
Approval
Binance Gains Bahrain Approval to Become Crypto Asset Service Provider
Bahrain has become the first Middle East-North Africa country to give Binance approval in principle to establish itself as a crypto-asset service provider.Binance, the world’s leading cryptocurrency exchanges by trading volume, still has to complete the full application process to acquire a license from the Central Bank of Bahrain. The company said in a press release it expects … [Read more...] about Binance Gains Bahrain Approval to Become Crypto Asset Service Provider
Binance plans to launch in the U.K. and prepares for seeking FCA approval
Binance founder and CEO, Changpeng Zhao, recently revealed that the crypto exchange aims to become a registered service provider in the UK in six to 18 months, reported The Telegraph.Roughly six months after the Financial Conduct Authority (FCA) warned that Binance is operating in the UK without permission, the cryptocurrency exchange revealed plans to build its business in the … [Read more...] about Binance plans to launch in the U.K. and prepares for seeking FCA approval
Binance Hires in UK, Plans to Seek FCA Approval for Launch: Report
Just months after the U.K.’s Financial Conduct Authority (FCA) said Binance should not be operating in the country, the world’s largest crypto exchange said it has hired staff and plans for file for regulatory approval. CEO Changpeng “CZ” Zhao told the Sunday Telegraph that relations have improved since its ban in June. Source link … [Read more...] about Binance Hires in UK, Plans to Seek FCA Approval for Launch: Report
US Bitcoin ETF favors Australian approval, but Aussies need to go further
On Oct. 19, 2021, the ProShares Bitcoin Strategy ETF (BITO) launched on the New York Stock Exchange. On its first day, the exchange-traded fund (ETF) saw an influx of close to $1 billion in natural volume and, within 24 hours, Bitcoin (BTC) itself would reach a new all-time high for its price in U.S. dollars. This comes a week after the U.S. Securities and Exchange Commission … [Read more...] about US Bitcoin ETF favors Australian approval, but Aussies need to go further