More on Charles Schwab Charles Schwab: Solid Investment Setup Solid Q3 2024 Earnings For Schwab, But Rates Remain A Headwind; Reiterate Sell 3Q 2024 Schwab's core net new assets more than doubled from a year ago Schwab launches mortgage-backed securities ETF
After leading the SEC’s crypto crackdown, Gensler said he would fully leave his post on the day President-elect Donald Trump is sworn in.
The US Securities and Exchange Commission (SEC) has suffered another major loss to crypto plaintiffs in Texas. In a new ruling, Judge Reed O’Connor of the US District Court for the Northern District of Texas ordered that the regulator’s use of the term securities “dealer” is not backed by any US laws. US SEC Overreach The post Crypto Scores Big Win As US SEC Suffers Loss In ‘Dealer’ Lawsuit appeared first on CoinGape .
Since spot ETH ETFs launched in the US in July, they have been struggling with weak demand compared to their Bitcoin counterparts.
The U.S. Securities and Exchange Commission (SEC) expressed its intention to classify digital assets as securities in its ongoing lawsuit with Ripple . Continue Reading: SEC Clarifies Its Stance on Digital Assets in Ripple Case The post SEC Clarifies Its Stance on Digital Assets in Ripple Case appeared first on COINTURK NEWS .
The post XRP Price News: Gensler’s Resignation Sparks Rally, Can Bulls Break $3.30? appeared first on Coinpedia Fintech News Ripple’s XRP is up by more than eight percent at the time of writing and is trading close to the $1.20 levels. Alongside this, Bitcoin’s price action is surging, getting dangerously close to the $100,000 mark. This comes after the U.S. SEC Chair Gary Gensler announced he will step down on January 20, the same …
Bitcoin’s recent surge towards $100,000 highlights increasing institutional demand and selling pressures from long-term holders. As Bitcoin (BTC) reaches new all-time highs, market dynamics shift with long-term holders taking profits
The potential establishment of a Crypto Advisory Council by President-elect Donald Trump could reshape the landscape of cryptocurrency regulation in the United States. By fostering communication between crypto firms and
Key takeaways Alchemy Pay (ACH) is a cross-functional payment solution that is making significant strides in bridging the gap between fiat and cryptocurrency payment ecosystems. The platform’s robust framework enables global consumers to connect with merchants, developers, and institutions worldwide, facilitating transactions across multiple fiat currencies and cryptocurrencies. This functionality enhances Alchemy Pay’s adaptability and
Bitcoin continues its price explosion this Thursday, hitting a new all-time high and breaking the $97,000 barrier during intra-day trading. The crypto asset’s price then spiked 5.7%, reaching $97,811 on Bitstamp, boosting its market cap to $1.93 trillion. Related Reading: XRP On Fire: Over 90% Weekly Growth Catapults Altcoin To Fresh 2-Year High The recent surge in Bitcoin’s value is not just a market trend, but a reflection of the growing optimism surrounding incoming US President Donald Trump’s potential crypto-friendly policies and his pick for the Securities and Exchange Commission (SEC) chief. This optimism has led to a 3% increase in the cumulative cryptocurrency market cap, now standing at $3.37 trillion. The 24-hour trading volume on Thursday saw a 5% increase, reaching $ 190 billion. Bullish Trend Thanks To Trump’s Win The obvious sign of the optimistic trend in the bitcoin market: its price has more than doubled this year. The whole industry has joined the upward surge, contributing an amazing $900 billion to the total crypto market capitalization. Given that Bitcoin is barely $3,000 short of the $100,000 milestone, the sector is bursting with hope about what the next few weeks can bring for the digital asset. According to Edu Patel, CEO of Mudrex, Bitcoin’s price last year was $30,000. Today, the asset’s price surged to more than $97,000, reflecting a growth of over 300%. Patel said several factors are pushing Bitcoin’s price, including Trump’s election and optimism over his pick as chairman of the SEC, and his friendly crypto policies. In addition, he also acknowledged the growing institutional participation in Bitcoin options and ETFs. Is Trump Planning A Special Position To Oversee Crypto? The recent price surge of Bitcoin underscores the growing importance of the asset and cryptocurrency to the economy. The Trump administration has also signaled the possibility of creating a specific office to oversee the administration’s cryptocurrency policies. According to some sources, the president’s team is currently considering this office, and many crypto execs are jockeying for an audience with the president. 1/ MicroStrategy just convinced investors to pay $520,234 per Bitcoin That’s the biggest Bitcoin play I’ve ever seen: pic.twitter.com/yeZfGlcm6j — ELI5 of TLDR (@explain_briefly) November 20, 2024 Institutional Adoption, MicroStrategy’s Bitcoin-First Policy Boost Price Some experts also attribute Bitcoin’s recent run to MicroStrategy’s bold “Bitcoin-first” policy. Michael Saylor of MicroStrategy has doubled down on this approach and purchased additional BTC to boost its portfolio. Other companies have followed suit and are planning to add the asset to their inventories. Related Reading: Solana Market Cap Hits Milestone: $400 Price Target Gains Traction The growing popularity of Bitcoin ETFs also helps, and the market currently benefits from the introduction of options trading. According to multiple sources, more than $4 billion has flowed into Bitcoin ETFs since the November elections. Also, this week, Reuters reports that BlackRock is off to an exciting start with its BTC ETFs with call options. Featured image from Pixabay, chart from TradingView