Page 34 - Generation Internet News Today

If the Fed cuts rates in 2024, "we're ready for prime time," Cathie Wood says.

(Bloomberg) -- A host of Wall Street funds have minted profits riding the recent crypto fever after Grayscale Investments LLC snagged a big win over America’s top financial watchdog in its bid to create a US Bitcoin ETF. Most Read from BloombergByron Allen Makes $10 Billion Bid for ABC, Other Disney NetworksCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatUnited Auto Workers Call Unprecedented Strike at All Three Detroit...

According to CoinMarketCap, there are over 1.8 million cryptocurrencies in the world, with a market capitalization of $1.04 trillion as of September 2023.

Cryptocurrency News: Shares of the Grayscale Bitcoin Trust surged 17% after a US court ruling opened the possibility for the trust to convert into an exchange-traded fund

A three-judge panel of the District of Columbia Court of Appeals in Washington said the Securities and Exchange Commission (SEC) failed to fully explain its reasoning when denying Grayscales product and should review its decision.

Grayscale's win against the SEC has boosted the prospect of spot Bitcoin ETFs.

Tesla CEO Elon Musk took his Cybertruck production candidate for a spin at the company's gigafactory in Texas this week as the automaker gets ready to take on rivals GM and Ford.