Day: December 20, 2024

We Need In-Kind Redemptions For The Spot Bitcoin ETFs

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Follow Frank on X. On a recent episode of the Coinage podcast, guest SEC Commissioner Hester Peirce said that she is open to reconsidering in-kind redemptions for spot bitcoin ETFs. (For those who aren’t familiar with the term “in-kind redemption,” it refers to the ability to withdraw the bitcoin you’ve purchased via an ETF into your own custody. In essence, it turns a bitcoin IOU into the real thing.) BREAKING: SEC Commissioner Hester Peirce previews new pro-crypto changes coming to the SEC ETF in-kind redemptions and ability for ETF issuers…

Rumble secures $775 million investment from Tether

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Key Takeaways Rumble secured a $775 million investment from Tether to fuel growth and stockholder liquidity. Tether’s partnership with Rumble sparks speculation on tipping and crypto payment integrations Share this article Rumble has secured a $775 million investment from stablecoin issuer Tether, marking a significant milestone for the video-sharing platform. As part of the deal, Tether will purchase 103,333,333 shares of Rumble Class A Common Stock at $7.50 per share. The video-sharing platform will allocate $250 million of the proceeds to growth initiatives, with the remaining funds supporting a self-tender…

Google policy update requires FCA registration for UK crypto ads

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Key Takeaways Google will require UK crypto advertisers to have FCA authorization starting January 2025. Hardware wallets can advertise without FCA registration if they solely store private keys. Share this article Google is updating its crypto ads policy, placing stricter requirements on advertisers seeking to promote crypto services and products in the UK. The updated rules will require crypto exchanges and software wallet providers to register with the Financial Conduct Authority (FCA) before advertising on its platform. While these services fall under the strict FCA registration requirement, ads for hardware…

Michael Saylor publishes Bitcoin and crypto framework for the US government

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Key Takeaways Michael Saylor released a framework for integrating digital assets into the US financial system. MicroStrategy expanded its Bitcoin holdings significantly, reinforcing its view of Bitcoin as a store of value. Share this article MicroStrategy founder Michael Saylor has released a comprehensive framework for integrating digital assets into the US financial system. The framework advocates for regulatory clarity, governance standards, and interoperability to encourage institutional investment and broader adoption of crypto assets. Saylor, sharing the framework on X, emphasized its significance, stating, “A strategic digital asset policy can strengthen…

Bought Bitcoin at $108,000? Don't Panic

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Bitcoin’s price is down over 10% from its all-time high and its critics are taking victory laps this week as bitcoin has plummeted all the way back to… $97,000. It is still practically almost $100,000 for a single bitcoin. It is crazy to me to think that the “dip” is back to just under that important milestone, and really shows how far this asset has come over the last 15, going on 16 years. Year-to-date, bitcoin is up over 128%. And by historical trends, it is entering into its third…