Cryptocurrency News Today TheBitTimes.com

CEO and founder of ARK Invest Cathie Wood announced plans on Monday to launch five crypto currency-focused exchange-traded funds (ETFs) in partnership with 21Shares, a leading provider of crypto ETPs in Europe. The new ETFs will offer exposure to Bitcoin (BTC) and Ethereum (ETH) futures, as well as equities of companies involved in cryptocurrencies and blockchain technology. Wood believes these new products will appeal primarily to institutional investors, calling them “a dress rehearsal” for when U.S. regulators eventually approve a spot bitcoin ETF that directly holds the crypto currency. ARK has an application for a spot Bitcoin ETF pending with the Securities and Exchange Commission (SEC). Wood says the SEC has been asking more substantive questions of late, rather than outright rejecting applications as in the past. You might also like: Bitcoin ETF optimism sparks bullish run, GFOX and LINK gain momentum Wood believes the SEC’s main concern under...

Coinbase Financial Markets has officially launched crypto futures trading for eligible US traders , following its approval to operate as a futures commission merchant by the National Futures Association. Coinbase Financial Markets has expanded its offerings by introducing crypto futures trading to eligible US traders. This move follows the company’s clearance to operate as a futures commission merchant by the National Futures Association in August. A futures contract represents a legal agreement to purchase or sell an asset at a predetermined price at a specified future date. For traders, futures offer a range of strategic benefits, including risk hedging, portfolio diversification, leveraged trading, and the ability to speculate on market directions. To access these crypto futures, US traders are required to utilize the Coinbase Advanced trading platform and possess a spot trading account with the exchange. The contracts are deliberately sized to accommodate retail trade...

In an exclusive interview with crypto.news, Paolo Ardoino, chief technology officer at Bitfinex and Tether, provided a fascinating insight into his journey in the cryptocurrency industry, his thoughts on regulation, and the role of bitcoin in the future. Journey into crypto Ardoino, a lifelong developer, got involved in the cryptocurrency industry after discovering bitcoin (BTC) as a potential ledger solution to outdated and bug-ridden financial technology. Beginning his journey with Bitfinex in 2014, he worked on improving their bitcoin trading platform before transitioning to his current role as the CTO of Tether in 2017. This position led to his involvement in expanding various business lines within the company. Ardoino views coding as more than just a technical endeavor; to him, it’s a creative process through which ideas can be brought to life. The cypherpunk ethos and tether’s role During the 2022 PlanB forum in Lugano, Italy, Ardoino, alongside Adam Beck and Ni...