CryptoNews

Bitcoin Stabilizes Over $42,000 as Crypto Fear and Greed Index Shifts to Neutral Market

January 29, 2024
Recently fluctuating within the realms of “greed” and “extreme greed,” the Crypto Fear and Greed Index transitioned into a “neutral” phase on Sunday, Jan. 28, 2024. This shift coincides with bitcoin’s value jumping slightly over $42,000. In the preceding week, bitcoin experienced a subtle rise, approximately 1.5%, in comparison to the U.S. dollar. From Greed to Neutrality — Market…
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CryptoNews

Vanguard Says No to Bitcoin ETFs — Views Crypto as 'Immature Asset Class' With 'No Inherent Economic Value'

January 29, 2024
Financial giant Vanguard has explained why the firm does not make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. A Vanguard executive stressed that cryptocurrency is “an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio.” Vanguard Explains Why It Disallows Spot Bitcoin ETFs Vanguard…
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CryptoNews

Report: US Crypto Startup Seeks to Launch an Interest-Bearing Stablecoin

January 25, 2024
A U.S. blockchain and lending startup is seeking the U.S. Securities and Exchange Commission’s permission to issue an interest-bearing stablecoin. The startup said the digital token will be used as an alternative to existing stablecoins such as tether and USDC. Figure Technologies’ Draft Registration Statement A new blockchain and lending startup, Figure Technologies Inc., has reportedly…
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CryptoNews

FINRA Claims Widespread Violations in Majority of Crypto Asset Communications

January 25, 2024
Following an examination launched in November 2022, FINRA claims widespread potential violations in the way member firms communicate about crypto assets. FINRA Report Alleges Misinformation in Crypto Asset Marketing In a report released on Jan. 23, the Financial Industry Regulatory Authority (FINRA) has found that approximately 70% of public communications related to crypto assets by its member…
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