The U.S. Securities and Exchange Commission (SEC) will not approve the listing of leveraged bitcoin exchange-traded funds (ETF).The SEC instructed at least one prospective ETF provider not to proceed with their plans for a leveraged funds, the Wall Street Journal reported on Thursday, citing a person familiar with the matter.The U.S. markets regulator wishes to limit … [Read more...] about SEC Will Not Approve Leveraged Bitcoin ETF: Report
Leveraged
‘Bitcoin is not an asset that is designed to be leveraged,’ says Caitlin Long
All eyes are on Bitcoin (BTC), with the largest cryptocurrency shooting up past $40,000 on Monday. Unsurprisingly, the price increase happened shortly after Tesla CEO Elon Musk tweeted that the electric-car company would potentially accept BTC payments once more miners confirm green energy initiatives. Yet, while Musk’s tweet may have driven the price of Bitcoin up, some … [Read more...] about ‘Bitcoin is not an asset that is designed to be leveraged,’ says Caitlin Long
How the NFT market leveraged blockchain tech for explosive growth
It’s fun to talk about nonfungible tokens, or NFTs, because they are the perfect example of how the impact of blockchain technology in people’s lives goes way beyond the financial market. As we could see in hundreds of headlines in the past few months, they have gripped the world’s attention because they are a new manner of interacting with culture, music, sports and the … [Read more...] about How the NFT market leveraged blockchain tech for explosive growth
Ethereum fees skyrocketed as traders raced to unwind leveraged positions
Ethereum fees surged to record highs amid the recent crypto downturn, with users paying more than 2,000 gwei to execute transactions. Digital asset research firm Delphi Digital noted gas prices oscillated between 1,500 and 1,700 gwei for approximately one hour as DeFi liquidations drove “gas wars amongst liquidators and arbitrageurs.” Ethereum gas prices amid crypto market … [Read more...] about Ethereum fees skyrocketed as traders raced to unwind leveraged positions