SEC likely to approve Bitcoin ETF in 1-2 years, says analyst

According to an analyst at CFRA Research, VanEck, Fidelity Investments, and Valkyrie Digital Assets may not see their Bitcoin exchange-traded funds, or ETFs, approved by U.S. regulators for up to two years. In an interview on CNBC’s ETF Edge Monday, Todd Rosenbluth, head of ETF and mutual fund research at CFRA, told host Bob Pisani that he believed the U.S. Securities and Exchange Commission, or SEC, would extend the timeline for considering the Bitcoin ETF first pitched by investment management firm VanEck in January. The SEC officially acknowledged receipt of…

Mark Cuban says NFTs could disrupt electronic signature firms

Dallas Mavericks owner and Dogecoin proponent Mark Cuban says nonfungible tokens may have the ability to disrupt and even transform industries dealing with digital identity verification and electronic signatures. In an episode of the Unchained podcast released yesterday, Cuban said “anything documentation driven” could potentially be transformed by nonfungible tokens, or NFTs. The billionaire said that smart contracts could destabilize companies like electronic signature technology firm DocuSign. “Right now we see quite a bit of utilization of smart contracts for NFTs but those are really just proof of concepts for…

Developer-focused DeFi aggregator Instadapp launches governance token

In a blog post yesterday, decentralized finance (DeFi) management and protocol aggregator platform Instadapp announced the launch of their governance token, INST. While not currently transferable by the average user, the token is set to go fully live later in the year to coincide with a transfer of control over the protocol to a DAO governance process in Q2.  The project, which currently counts over $2.3 billion in its 18,000 “Smart Accounts” wallets, connects to a variety of DeFi protocols from a single interface and offers a development toolkit in…

Access to SEC Documents Will Aid Ripple’s Defense

The judge presiding over the SEC’s case against Ripple has ordered the regulator to share documents. Those documents will reveal the SEC’s stance on which cryptocurrencies are considered securities. Ripple Gains Access to SEC Docs In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a legal complaint alleging that Ripple and its executives raised over $1.3 billion by selling XRP as unregistered securities. In an update to the ongoing lawsuit, U.S. Magistrate Judge Sarah Netburn ruled that the SEC must share all official documents that express the regulator’s…

Retail traders become ‘sitting ducks’ as sell-off triggers $1.4B liquidation

After flirting with a $2 trillion market capitalization for the last couple of days, the cryptocurrency market took a 7% hit on April 7, dropping the total crypto market cap to $1.8 trillion. As the unexpected sell-off took place, investors scrambled to find a reason to explain the move. Analysts typically identify the use of excessive leverage as the prime suspect, as this usually occurs as the market reaches an all-time high and traders get greedy, but this is an easy conclusion to reach. The actual cause could be near…

Powerful Bottom Signal Spotted In XRP, But There’s A Catch

XRP price is back trading at right around a dollar per token, but according to a rare bottoming pattern spotted by a legendary technical trader on the Bitcoin trading pair, the surge is only just getting started. However, there’s a catch. When it comes to this particular chart pattern and crypto – the same trader has gotten it very wrong before. Is this time different, or will this “powerful” bottom signal confirm? XRP Begins Long Painful Road To Recovery After SEC Storm Ripple and company executives are still locked in…

Coinbase Will List 1inch, Enjin, NKN, and Origin Token

Key Takeaways Coinbase Pro revealed it is preparing to list 1inch, Enjin Coin, NKN, and Origin Token on its trading platform on Apr. 9. The announcement has seen a significant number of investors rush to other exchanges to invest in those coins. The relevant altcoins have seen their price rise more than 20%, benefiting from the “Coinbase Effect.” Share this article Coinbase has announced that it will list four new cryptocurrencies for trading: 1inch, Enjin Coin, NKN, and Origin Token. Coinbase Listing Spree Accelerates In a recent blog post, Coinbase…

AllianceBlock brings DeFi product suite to Avalanche

AllianceBlock, a decentralized layer-2 solution bridging traditional finance and DeFi, has announced major product integration with Avalanche, the up-and-coming “Internet of Finance” protocol.  Once completed, the product integration will allow users to access AllianceBlock’s DeFi Investment Terminal, P2P financial services, nonfungible token capabilities and KYC solutions directly on Avalanche. The partnership also includes development work with Ava Labs, the development team behind Avalanche. Rachid Ajaja, founder and CEO of AllianceBlock, says both organizations share a common mission in promoting the growth of a compliant DeFi ecosystem: “Avalanche’s mission of empowering…

Bitcoin and Ethereum Could See a Liquidity Crisis

Key Takeaways Exchange balances have seen a steep drop in the last two days. Research from Jarvis Labs analyst Benjamin Lilly points to an imminent liquidity crisis of Ether on exchanges. In comparison to the previous two bullish cycles, the market flow data points to more upside. Share this article Bitcoin and Ethereum are being withdrawn from exchanges in large amounts. In light of that trend, on-chain analysts suggest that the prices of both cryptocurrencies could rise higher. Visible Signs of a Bubble In a bullish phase, the market runs…

BTC, ETH, BNB, XRP, ADA, DOT, UNI, LTC, LINK, THETA

According to CoinShares, the institutional inflow into crypto products hit $4.5 billion in Q1, which is 11% higher than the intake seen in Q4 2020. This shows that institutional interest is on the rise but the quarter-on-quarter growth has slowed down from the 240% recorded in Q4 2020.  As Bitcoin price moves higher, more funds are needed to sustain the levels. Therefore, if institutional inflows do not pick up in the next few days, Bitcoin (BTC) and other altcoins could witness a major correction. Daily cryptocurrency market performance. Source: Coin360…