#bitcoin

A Twitter user (@hufhaus9) has created a visual timeline outlining the SEC’s response deadlines for the approval of BlackRock’s Bitcoin spot ETF. Just 10 days ago, the renowned global investment firm with $10 trillion in assets applied for a groundbreaking Bitcoin spot exchange-traded fund in the United States. First deadline: August 12, 2023 Second deadline: September 26, 2023 Third deadline: December 25, 2023 Final decision: February 23, 2024 If granted approval, BlackRock will be able to purchase BTC directly from the spot market, potentially utilizing platforms like Coinbase, on behalf of its clients. With the BTC halving and these deadlines coinciding, the first quarter of 2024 promises to be an exciting period!

One of the oldest altcoins, has doubled in price since the beginning of the the last week – from $105 to $220. Analysts credit this remarkable growth to the backing of the altcoin by the newly launched cryptocurrency exchange, EDX Markets. EDX is new non-custodial cryptocurrency exchange, backed by major Wall Street players like Citadel Securities, Fidelity, and Schwab, has officially gone live a week ago. It offers popular options like Bitcoin, Ether, Litecoin, and Bitcoin Cash, while consciously avoiding the list of tokens that the SEC considers to be financial securities.

8btc, one of the oldest and most influential cryptocurrency news platforms in China, is undergoing a strategic shift. The platform, renowned for its coverage of Bitcoin, blockchain, and cryptocurrency-related news, has announced its decision to transition away from crypto content and fully embrace artificial intelligence (AI) and the metaverse. Founded in 2011, 8btc has published over 1.4 million articles and posts, attracting billions of page views. It has played a vital role in providing information, communication, and investment services for blockchain startups and investors.

On Friday, Fidelity Investments and several other firms submitted revised applications for spot Bitcoin exchange-traded funds (ETFs) after the US Securities and Exchange Commission (SEC) deemed the initial filings inadequate. The companies, including Invesco, VanEck, 21Shares, and WisdomTree, are part of a group of eight firms aiming to launch the first wave of US spot Bitcoin ETFs. BlackRock kickstarted the trend with its unexpected filing in mid-June. In the latest filings, all five firms indicated that Coinbase Global Inc. will provide market surveillance for their ETFs, a detail that was missing from their previous applications.