BITCOIN

According to Ray Youssef, the CEO of Noones, peer-to-peer (P2P) bitcoin trading is the United States’ public enemy number one because its potential widespread adoption by people from the Global South represents the “world’s first real threat to the U.S. Treasury system.” Youssef added that the United States’ disdain of P2P marketplaces is also due to its awareness that peer-to-peer commerce is “the best path to enable truly free commerce in the Global South.” ‘Turning Bitcoin Into a Medium of Exchange’ However, Youssef, who was recently appointed CEO of the new peer-to-peer Bitcoin marketplace, told Bitcoin.com News that he is willing to accept the risks and challenges that come with leading a P2P platform because “the payoff is worth any risk.” The Noones CEO nonetheless said he disagreed with the notion that spot bitcoin exchange-traded funds (ETFs) approvals by the U.S. Securities and Exchange Commission (SEC) will be key in driving bitcoin adoption in Africa in the coming years

The U.S. Securities and Exchange Commission (SEC) could make a decision regarding the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday or Wednesday, according to a report. Anticipation for the first-ever U.S. spot bitcoin ETFs intensified last week as prominent asset managers updated their filings with the SEC. Green Light Imminent? SEC Could Make a Decision by Tuesday/Wednesday Market participants are buzzing with anticipation as major asset management firms scramble to secure regulatory approval for the first-ever spot bitcoin exchange-traded funds (ETFs) in the U.S. Applicants, including Blackrock, Vaneck, Valkyrie, Bitwise, Invesco, Fidelity, Wisdomtree, and the Ark Invest/21shares joint venture all submitted revised filings with the U.S. Securities and Exchange Commission (SEC) on Friday. The first deadline is Jan. 10 for the proposed spot bitcoin ETF by Ark Invest/21shares. Many people are expecting the securities regulator to approve multiple spot bitcoin ET

Crypto exchange Coinbase says that it has “extensively prepared” for spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC). Most spot bitcoin ETF applicants have named the Nasdaq-listed crypto platform as the custodian for their bitcoin. Coinbase Gets Ready for Spot Bitcoin ETF Launches As the deadline approaches for the U.S. Securities and Exchange Commission (SEC) to decide whether to approve a spot bitcoin exchange-traded fund (ETF), Coinbase (Nasdaq: COIN) says it has extensively prepared its systems to custody BTC for spot bitcoin ETF issuers. Most spot bitcoin ETF applicants have named the Nasdaq-listed crypto platform as the custodian of their bitcoin, including Blackrock, the world’s largest asset manager, Ark Invest, Bitwise, Wisdomtree, and Invesco. A Coinbase spokesperson told Bloomberg Friday: We have extensively prepared for ETF approval … Our systems have been designed and tested to handle added trading volume, incre

The Avalanche Foundation, an institution that funds avalanche initiatives, has recently announced that it will start investing in meme coins. These purchases will be made using funds from the $100 million Culture Catalyst fund launched in 2022, and the tokens will be selected based on their number of holders, liquidity thresholds, and project maturity, among other elements. Avalanche to Invest in Meme Coins Using $100 Million Culture Catalyst Fund The Avalanche Foundation has announced that it is taking a position in meme coins. In a recent X post, the foundation revealed that it will invest in selected meme coins, broadening its portfolio as part of a comprehensive move to embrace “a more complete spectrum of possibilities.” This investment will be made using Culture Catalyst, a fund launched in 2022 during the Avalanche Summit in Barcelona. The institution will use part of the $100 million fund, initially focused on “helping to cultivate and support the many new forms of creati