Bitcoin futures ETF approval likely to be delayed until 2022, market analyst says

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CNBC 12 October, 2021 - 05:22pm

KDKA's Richie Walsh emceed the event and reported afterwards that Smith-Schuster is scheduled to undergo surgery on Wednesday for his right shoulder. 

"I know it may seem like times are tough, but right now I am happy in adversity," Smith-Schuster told Steelers.com at the event. "I am happy because this is God’s plan. There is something that was said in our receiver’s room, we call it positive land where you stay in a positive mindset and let God do the rest. This is part of the process."

The luau raised $50,000 for the Boys and Girls Club of Western Pa. and Reading is FUNdamental.

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Bitcoin surges to a 5-month high above $57,000

Markets Insider 12 October, 2021 - 09:11pm

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Institutional investors plow $226 million into bitcoin funds in a week

Mint 12 October, 2021 - 09:11pm

The largest cryptocurrency by market cap, Bitcoin, was up by around 1.2% in the last 24 hours with the hope that a Bitcoin ETF will be approved in the coming weeks continuing to play a supportive role.

The US Securities and Exchange Commission (SEC) is expected to make a decision on a Bitcoin ETF as early as next week. However, the ETFs currently awaiting approval from the SEC are based on Bitcoin Futures and would not directly invest in Bitcoin. The SEC chair Gary Gensler has previously signalled support for ETFs that would invest in futures contracts rather than Bitcoin itself, due to increased investor protections.

The approval of a Bitcoin ETF, whether based on futures or through Bitcoin itself, has been previously seen as a major milestone for getting Bitcoin accepted as a mainstream financial asset and will provide access for more people to invest in the cryptocurrency space.

While other major cryptocurrencies - including Ethereum, Cardano, and XRP - have softened in the last 24 hours, one coin that has continued to rally is Shiba Inu.

The cryptocurrency has exploded in October, rising almost 300% in the month so far.

The rise was helped last week by a tweet from Tesla (NASDAQ:TSLA) CEO Elon Musk, who posted a picture of his puppy, which happens to be a Shiba Inu breed.

Apart from the tweet, there does not seem to be much else supporting the ascent of the coin, which echoes the rise in Dogecoin seen at the start of the year.

Dogecoin, which currently sits as the tenth-largest cryptocurrency by market cap, rallied to an all-time high of almost $0.74 in May, before momentum stalled and the price of the meme-coin dropped.

While Russia continues to enforce a ban on cryptocurrency payments as part of a law which took effect in January, the country has no plans at this time to completely prohibit...

Video sharing platform YouTube removed the 251,000-subscriber channel of Anthony Pompliano, co-founder of Morgan Creek Digital and host of The Pomp Podcast, before later restoring...

Bitcoin (BTC) resumed its rally on Oct. 11 and climbed close to $58,000. This marks an almost 100% recovery from the May plunge and shows that any regulatory action by China is...

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