BITCOIN

The CEO of asset management firm Vaneck expects the U.S. Securities and Exchange Commission (SEC) to approve multiple spot bitcoin exchange-traded fund (ETF) applications in one day. “I very much expect it will be all in one day because that’s what happened with the ethereum futures,” he explained. Vaneck’s CEO on Spot Bitcoin ETF Approvals Jan van Eck, the CEO of asset management firm Vaneck, shared his bitcoin outlook and expectations around spot bitcoin exchange-traded funds (ETFs) in an interview with CNBC on Friday. Vaneck is among the asset managers that have applied to launch a spot bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). “I think bitcoin is the obvious asset that is growing up in front of our eyes,” the executive began, adding: “There are 50 million users of bitcoin so it’s got the network effect.” He emphasized: I think it’s impossible for me to imagine some other, what I call, internet store of value that’s going to leapfrog bitcoin. The ex

An executive at trillion-dollar asset manager firm Franklin Templeton expects bitcoin to become “something that every treasury needs to hold.” She believes that “every country is going to have to hold some reserves,” emphasizing that the cryptocurrency is “working its way increasingly into the traditional banking ecosystem as just a foundational part of that system.” Kaul: Bitcoin Could Be Used as Base Unit of International Trade Franklin Templeton’s senior vice president and head of Digital Asset and Industry Advisory Services, Sandy Kaul, discussed the future outlook for bitcoin in an interview with Natalie Brunell, published Thursday. Before joining Franklin Templeton, Kaul held positions at Shearson Lehman Brothers, Citi, and Goldman Sachs Asset Management. A global leader in investment management with a presence in over 150 countries and serving millions of clients, Franklin Templeton reported $1.37 trillion in assets under management at the end of September. The asset manager

As the year winds down, cryptocurrency investors can combine tax-loss harvesting with cryptocurrency donations to charities, a move that optimizes tax benefits while supporting worthy causes. Embrace Year-End Tax Strategy With Charitable Giving Twist As the end of the year rapidly approaches, crypto investors are not only focusing on tax-loss harvesting but also exploring the benefits of charitable contributions in cryptocurrency. This strategic approach allows investors to potentially reduce their tax liabilities while supporting charitable causes. The concept of tax-loss harvesting in the crypto realm involves selling digital assets at a loss to offset capital gains taxes. This method can be particularly advantageous given the volatility and potential for significant price fluctuations in the crypto market. Investors can offset capital gains or reduce ordinary income by up to $3,000 annually in the U.S., with the ability to carry forward any additional losses. In parallel, donat

PRESS RELEASE. Renowned Italian football goalkeeper Gianluigi Buffon has recently confirmed his strategic investment in OQtima , an innovative online trading company, marking a significant departure from traditional sponsorship deals. Buffon’s active involvement in OQtima signifies a profound collaboration between the realms of professional sports and financial trading platforms. This move establishes a new era where sports legends become not only brand ambassadors but key stakeholders and strategic partners in the financial sector, thereby revolutionizing the landscape of partnerships. A New Age For Partnerships In a groundbreaking development at the crossroads of finance and sports, partnerships between online trading platforms, cryptocurrency exchanges, and sports icons are undergoing a transformative shift. Many trading platforms and cryptocurrency exchanges are increasingly partnering with sports legends like Buffon, Lionel Messi, Cristiano Ronaldo, and more due to their res