Director Bryce McGuire says the concept for Night Swim came from his childhood fears – and Jaws.
The countdown for a bitcoin ETF decision is on and It is approaching a critical deadline
17.12.2023 - 12:01 / tech.hindustantimes.com / And It
There's likely fewer than 30 days left before the crypto world's inevitable leap into traditional finance offers digital-money proponents a path to redemption post-FTX. That's the bullish narrative in virtual-currency land as the clock ticks down to Jan. 10 – when US regulators must finally decide whether to greenlight a physically-backed Bitcoin ETF. The Securities and Exchange Commission will by that time be required to either accept or deny an application from Cathie Wood's ARK Investment and 21Shares, who were the first to file during this year's batch of applicants. It could at that time also rule on other similar filings. More than 10 companies are working toward getting these ETFs — which would directly hold Bitcoin - green-lit.
Should approval finally happen, it would mark a significant moment for the digital-assets industry, which is still in recovery mode following 2022's massive failures, including that of the collapse of the FTX exchange.
“This decisive date has been the center of attention for Bitcoin investors since October and will be an extremely important date to watch,” K33's Vetle Lunde wrote in a note about the January deadline. He predicts that the funds will get regulatory blessing.
While issuers have been trying to get a spot-Bitcoin product approved since 2013, excitement has built up this year in particular given the participation of Wall Street heavyweights such as BlackRock, Invesco and Fidelity in the race. Crypto fans argue that the launch of such a fund will help the digital-assets space become a bigger part of traditional finance as money managers will be able to buy with greater ease the ETFs for clients. The spot-Bitcoin ETF market has the potential to grow into a $100 billion juggernaut in time, according to Bloomberg Intelligence estimates.
“Past periods have been deemed the era of the institutionalization of Bitcoin,” Lunde said. “However, none have been anywhere near resembling 2023's changes.”
That's a point similarly echoed by Dan Morehead, founder and managing partner at Pantera Capital. “Institutional adoption has accelerated. The headline news has been the imminent approval of spot Bitcoin ETFs sponsored by large names in traditional finance – like BlackRock and Fidelity – and the leader in blockchain ETFs, Bitwise,” he wrote in a note. “Similar to the first international gold ETF in 2003 and US gold ETF in 2004, this opens a new channel for traditional capital to flow into ‘digital gold' that might not have participated previously.”
All of it's led to big gains for cryptocurrencies, with Bitcoin more than doubling this year to trade above $40,000 once again. Other smaller coins have also surged. Mark Newton at Fundstrat posits that the so-called “crypto winter”
The website gametalkz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Authors
Popular Topics
pcgamer.com
02.01.2024 / 21:40
Mickey Mouse has been in the public domain for under 48 hours and there's already a horror game and 2 horror movies on the way
After multiple changes to US law that kept it copyrighted for nearly 100 years, 1928 Disney cartoon Steamboat Willie—which contains the first appearances of Mickey and Minnie Mouse—is now in the public domain.
wccftech.com
02.01.2024 / 08:05
ASML Cancels DUV Shipments To China On Request Of The U.S., Putting A Dent In The Region’s Quest For Self-Sufficiency
In yet another blow to China as it attempts to maintain a path towards self-reliance, Dutch-based lithography systems manufacturer ASML has revoked shipments of some of its DUV machines thanks to a request brought forward by the Biden administration. The export ban for such equipment was supposed to come into effect after a few weeks, which would have given China a little breathing room to procure sufficient machinery to continue mass producing chips for various applications, but the U.S. had other plans.
tech.hindustantimes.com
26.12.2023 / 03:58
Relief For Tencent Holdings, NetEase And Others As China Softens Stance on Gaming After Rout
China approved 105 domestic games on Monday, the latest indication that Beijing is softening its stance after its move to tighten industry restrictions led to a $80 billion rout last week. The titles included those operated by Tencent Holdings Ltd. and NetEase Inc., China's two leading game publishers that have been pummeled by Beijing's new rules. Monday's approvals show the Chinese authorities support the development of online gaming, an industry association said in a post on WeChat republished by the official Xinhua news agency.
tech.hindustantimes.com
25.12.2023 / 02:53
Shocking study says poor quality online search results made people believe misinformation
A study has found that people who performed online searches to verify the truthfulness of a piece of possible misinformation actually ended up believing it due to "poor quality results" from search engines.
mmorpg.com
23.12.2023 / 21:46
'Tis The Season For A War Thunder Tradition - Leaked Military Documents!
We have had yet another posting of sensitive military documents on the War Thunder forums recently. It's s afe to say, everybody’s favorite gaming tradition (unless you’re a military weapons facility) has returned just in time for the holiday season. War Thunder military spec leaks aren’t anything new, which is a wild thing to be able to say about a video game. However, it seems people are serious about the correct specifications of their favorite virtual military wartime vehicles.
polygon.com
23.12.2023 / 15:31
The best movies leaving Netflix, Hulu, Prime, and Max at the end of December 2023
Greetings, Polygon readers!
polygon.com
19.12.2023 / 16:27
Can Alex Garland’s Civil War somehow be apolitical?
Ex Machina director Alex Garland looks like he will try to do the impossible when his new film Civil War hits theaters in 2024: depict a second civil war in the United States without directly engaging with the politics of why that war is taking place. It’s not hard to see why Garland might want to avoid thorny connections between the movie and the very real politicians and political groups openly calling for succession and open conflict in the United States. Maybe he believes there’s enough value in the arresting visuals of a modern America under siege.
mmorpg.com
19.12.2023 / 00:50
Activision Blizzard Settles California Lawsuit for $54 Million (and $47 Million for Employees) Over Pay & Job Inequities
Activision Blizzard has agreed to pay more than $54 million (and an additional $47 million for affected employees) to settle a lawsuit filed by California’s Civil Rights Department in 2021. The lawsuit was filed over accusations of sexual and gender harassment, along with discrimination, including pay disparities.
pcgamer.com
17.12.2023 / 20:01
Activision Blizzard settles historic sexual harassment suit for $54 million, sets aside another $47 million for impacted employees
First reported by the New York Times, a major chapter in Activision Blizzard's reckoning over an alleged internal culture of misogyny and harassment has ended. The California Civil Rights Department (formerly the Department of Fair Employment and Housing) has settled with Activision Blizzard for $54 million, dropping its sexual harassment suit.
comingsoon.net
14.12.2023 / 15:37
Captain America: Brave New World Adds a Writer for Upcoming Reshoots
has gotten an additional writer for the Marvel Studios sequel’s upcoming reshoots.
comingsoon.net
14.12.2023 / 15:37
Leave the World Behind Ending Explained: What Happens at the End?
Sam Esmail’s ended abruptly and confusingly for some and many people are scratching their heads trying to understand the ending. Here is Leave the World Behind’s .