Page 159 - Crypto News Today

The launch of Bitcoin ETFs creates further price volatility and division in opinions as eyes turn to the funds first day of trading

Bitcoin ETFs from financial giants BlackRock, Fidelity, and Grayscale have collectively soared past the $1 billion threshold in trading volumes within the first 30 minutes of market opening.

Musk, initially skeptical, is now reconsidering the use of Bitcoin as a potential currency for Mars colonization, contemplating its feasibility and the challenges of transaction times in space.

Regulatory nod in the US is expected to spark intense competition for market share among crypto EFT issuers

Being a good investor doesn’t require direct investment in the cryptocurrency, though a financial advisor or research can help fit bitcoin into your strategy

Investors have already begun buying at least four cryptos in anticipation of a 2024 bull market.

*Standard Chartered: "The launch of ETFs on Bitcoin spot can take the price of the cryptocurrency to $200,000 by the end of 2025"*Avantgarde Finance: "ETF Approval Means Growing Recognition of Cryptocurrencies by Traditional Finance"*Better Markets: "The SEC decision has not changed anything about this worthless financial product"*Gary Gensler, SEC: "Investors should remain cautious about the myriad risks associated with Bitcoin and crypto-linked products"

This week, hackers ran crypto phishing scams on X accounts, the SEC approved bitcoin ETP, hackers stole $3.4 million from Gamma, dYdX detailed post-hack steps,

Nigeria lifts the crypto ban, opening doors for financial inclusion with stricter regulations and potential for growth in 2024. Be cautious, educated and invest responsibly.

The move comes days after nine offshore virtual digital asset services providers were sent show-cause notices by the finance ministry for not complying with the local money laundering rules