Myriad institutions have reduced the Bitcoin ETF fee to less than 0.5-percent. This is going to bring heavy pressure on centralized cryptocurrency exchanges which also charge a fee of 0.5 percent.
Jim Cramer is often called the inverse market indicator. He is host of Mad Money on CNBC and often trolled for being always on wrong side of trade. Ever since Bitcoin bottomed at $16500 in November 2021, Jim has been calling for a Bitcoin crash and how everything in cryptocurrency world is a scam.
There are myriad reports suggesting that Coinbase cryptocurrency exchange is limiting Bitcoin withdrawals. One user just tried to send Bitcoin from Coinbase to his cold, offline wallet. He was soon met with new Coinbase withdrawal policy, which displays “your send failed. You’ve exceeded the maximum limit for Crypto sends. The transaction can not be completed.”
If you suffered from the Mt Gox fiasco back in 2013 and were expecting refund on October 31st 2023, well, we have bad news for you. This date has been postponed by an year and pushed to October 31st 2024. This was done by Mt Gox Rehabilitation Trustee.
Grayscale submitted a very interesting letter to the SEC yesterday where it is clearly trying to sabotage the Bitcoin ETF so that can keep robbing the GBTC shareholders. This has to be stopped.
There is a saying, “only invest what you can afford to lose“. This college student from India invested ~4300 dollars (350,000 INR) in cryptocurrency and lose huge amount of money while doing crypto trading.
Kraken is pushing past the regulatory hurdles and is on track to launch their very own bank. With their own bank, they’ll be able to better serve customers as there would be no interference on crypto transactions. A banking license along with a digital asset one can actually position it well in the market.
Elon Musk, new owner of Twitter is fairly cryptocurrency friendly. We have seen as massive supporter of Bitcoin and Dogecoin in 2021’s bull run. Today, Twitter has rolled out live price support for two of most popular cryptos – bitcoin and ethereum.
Starting December 15th 2022, non KYC users will be able to withdraw mere $20000 unless they opt for KYC (know your customer). Previously, this was 2 BTC, which is about $34000 right now. Most of the centralized cryptocurrency exchanges have enforced compulsory KYC on their platforms and Bybit was one of few to allow users to withdraw without doing any sort of KYC.
