Author: Scott Dawson
Scott Dawson
Scott, a Scottish financial expert based in Glasgow, specializes in wealth management and equity investing. He writes full-time for various financial websites, including Btcpronews, and offers startup consulting to small businesses seeking funding. With a Bachelor’s degree in Finance from the University of Strathclyde and a Master’s degree in Investment Fund Management from the University of Glasgow, Scott possesses extensive knowledge in investing. He has authored two theses on mutual funds and the UK market.
Railgun contributor Alan Scott Jr. unveils US Senators and the FBI’s support for crypto privacy. Gain insights into their regulatory efforts and Railgun’s innovative privacy technology in the cryptosphere. Alan Scott Jr., a contributor to the Ethereum privacy protocol, feels that regulators and government agencies in the US should get greater recognition for their efforts to educate themselves about cryptocurrencies. Advocate and researcher Alan Scott Jr. of Railgun believes that US lawmakers and intelligence agencies might not be as hostile to privacy-focused crypto protocols as people think. On May 2, Alan Scott Jr. spoke with Cointelegraph at ETH Global in…
BlackRock’s iShares Bitcoin Trust pauses inflows, sparking mixed reactions among crypto observers. Despite concerns, the fund’s holdings have remained stable at 274,462 BTC since April 24. Some people worry that a popular crypto fund, IBIT, has stopped receiving new investments. But others think this isn’t so strange, especially compared to how long it went without new money coming in before. People who follow Bitcoin are getting more worried about another big investment company, BlackRock, because its Bitcoin fund has stopped getting new money put into it for a few days in a row. This is the first time this has…
Hong Kong has previously determined that Ethereum is not regarded as a security, according to Wayne Huang, the head of OSL Digital Securities. Hong Kong-based companies that create exchange-traded funds (ETFs) don’t care that the US is regulating cryptocurrencies. They don’t fear that Ethereum (ETH) is comparable to security. Wayne Huang of OSL Digital Securities and Zhu Haokang of China Asset Management spoke with the media on April 29. This was before the introduction of spot cryptocurrency ETFs in Hong Kong. They responded to inquiries from large institutions about the new investment. Someone inquired about the potential impact on Hong…
Veteran trader Peter Brandt gave birth to a new argument, suggesting that BTC hit its peak in this cycle. Although he never provides enough details in his theory, this prediction conflicts with his theory about Bitcoin’s price. According to the “exponential decay” pattern prepared by Peter Brandt, there are very few chances that Bitcoin will hit its peak in this cycle by touching the mark of $70,000. Many other Price analysts and predictors do not agree with Bradt and state that BTC is far away from its peak. At the time of writing, BTC is trading at the price of…
The Depository Trust and Clearing Corporation (DTCC), a company that provides financial services in terms of clearing and settlement services to financial institutions, stated that it won’t give extra security or loans to exchange-traded funds (ETFs) linked to Bitcoin or other cryptocurrencies. DTCC’s Decision Impacting Bitcoin ETFs Starting from April 30, 2024, DTCC will undergo some changes in holdings of certain securities while updating its annual line of credit. This impact will affect the holdings in the monitor. The statement released on April 26 will impact all the EFTs and relevant investments that use cryptocurrency and will not get any…
Pantera Fund V is a new investment that will concentrate on purchasing various digital assets that make use of blockchain technology. The planned launch date is April 2025. Pantera Capital, which oversees investments in digital assets, is seeking to raise more than $1 billion for a new fund. Investors will be able to buy a broad range of blockchain-based assets with this fund. The expected launch date of Pantera Fund V is April 2025. This fund will be Pantera Capital’s primary offering, which combines many investments. Yet their current funds concentrate on specific investment categories like enterprises, tokens, and Bitcoin.…
Hong Kong regulators have approved ETFs by Harvest Global Investments, China Asset Management, and a jointly managed product of Bosera Asset Management and HashKey Capital. Bloomberg reported that Hong Kong Bitcoin ETFs will start trading on April 30. Hong Kong‘s financial regulator announced the approval of Hong Kong ETFs on April 24, according to a press release shared with Cointelegraph. According to a post by Bloomberg Intelligence analyst James Seyffart, the issuers of the ETFs disclosed the fee, which is as low as 0.3% after a six-month waiver. Hong Kong Initiates Bitcoin ETF Competition China Asset Management Co. (China AMC),…
The fourth Bitcoin halving has led to a stabilization of fees, offering insights into the evolving landscape of cryptocurrency transactions and market dynamics. Bitcoin halving took place two days ago, which narrowed the award for Bitcoin miners from 6.25 per block to 3.125. Bitcoin’s code is built to protect against inflation by implementing this event every four years. On the day of halving, this price spiked to $128 per transaction due to an increase in network activity, however, now it is stable at a fee of $34.86 per transaction. This shows how events affect network fees, such as Halving or…
The bitcoin price dropped to $59,640, giving a dip of 6% on April 19. However, a quick recovery in the Bitcoin price helped secure support above $64,500. The early price recovery is the outcome of Bitcoin halving, scheduled on April 20. This attracts the attention of traditional media and spot Bitcoin Exchange Traded Fund (ETF) providers. This event helps to decrease the adverse impacts of wider socio economic challenges. The current instability and geographical landscape increase market volatility. As tensions in the Middle East rise, Bitcoin’s price movement appears to track global events. Traders took a breath of relief after…
The market for exchange-trading funds that track the price of Bitcoin exactly gained $30.4 million as five of the ten allowed ETFs made more money than GBTC lost. The price of PTC dropped to $63,937 before the halving day, and investments in Bitcoin-related ETFs saw more money come in than go out in the US. This was the result of money exiting the market for five consecutive days. Since many experts predicted that the token’s value would increase following the halving, they recommended using it in investment plans across the globe. This was also taken by investors in Bitcoin ETFs…