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M1 Finance is about to launch its crypto trading accounts and trading services, the firm said in an official statement on 11th July. The reason for the addition of this asset class is quite contradicting the popular perception that the excitement for crypto may be undergoing a decline, given the current market conditions. Brian Barnes, CEO of M1, pointed out that strong customer demand was the primary reason for the integration of cryptocurrencies onto their platform. Buy the Dip Now Your capital is at risk. More About M1 Finance The Chicago-based firm has been operational since 2015 and has more than $5 Billion worth of assets under management. They offer commission-free stock trading, exchange-traded funds and retirement accounts as part of their services. Brian Barnes said that “ The crypto market is still young and volatile; Bitcoin emerged just 13 years ago .” And while that is the case, the adoption of cryptocurrencies has been very prevalent in America. ...

The spot trading platform was among the few that were exempt from the bankruptcy filing of Genesis Global, the crypto lending firm that filed for Chapter 11 in January 2023. advertisement Also Read: XRP Lawyer: US SEC Hiding Secret Howey Memo To Protect Itself Why did Genesis end spot trading? To reiterate, spot trading will end its operations only in the United States . GGC International Ltd. will remain operational, with both spot and derivatives trading services available for users based outside the U.S. The reason for the closure of the U.S. branch can be attributed to the regulatory uncertainty in the United States. Genesis Bermuda Holdco Ltd., which is registered in the British Cayman Islands, owns GGC International. Due to the ownership of GGC International has the freedom to conduct business internationally. Recommended Articles Crypto Presale Projects For 2...

Also Read: Ripple Vs SEC: Key Executives Signal Trial Readiness for Q2 2024 advertisement Blackrock Investments In Bitcoin Mining Companies The world’s largest asset manager, Blackrock, is said to be holding more half a billions dollars worth of shares in Bitcoin mining companies, which also includes publicly listed companies. Greenpeace USA, an affiliate of environmental nonprofit organization Greenpeace International, had earlier in August 2023 revealed findings from its research on Blackrock investments. “Greenpeace USA research finds that BlackRock controls nearly $600 million worth of shares in Bitcoin mining companies and has shares in most of the large publicly traded miners. These investments are vital for mining companies to access funding for their energy-intensive facilities.” In a latest, some popular crypto Twitter accounts too have reported the same: Recommended Articles ...

Also Read: Digital Asset Outflows Surge, Solana And XRP Lead Impressive Weekly Inflows: Report advertisement In recent times, influential voices like presidential candidate Robert F. Kennedy Jr., Florida Governor Ron DeSantis, and Blackrock chief executive officer Larry Fink have all expressed views on the potential of crypto industry in the financial world. Meanwhile, the Bitcoin price has stabilized in terms of maintaining sideways movement below the $30,000 mark. Ark Bitcoin ETF – The SEC Deadline According to data from Bloomberg Intelligence, the Ark 21Shares Bitcoin ETF filing stands first in queue in terms of the immediate deadline when the SEC officials need to respond. While the next deadline on Ark ETF is this Sunday, which is August 8, 2023, the final SEC deadline is December 27, 2023. All of the spot # Bitcoin ETF filings have been resubmitted Recommended Articles ...

Also Read: Binance Delists Terra Classic (LUNC) Perpetual Futures Contract, Selloff Coming? advertisement Earlier, CoinGape reported Florida Governor Ron DeSantis, a pro-crypto leader, criticized the US administration under Joe Biden for trying to eradicate the Crypto Market from the United States . He said the Central Bank Digital Currencies (CBDCs) are not good for the average Americans for security reasons. DeSantis, a Republican Party member, is also running for President and had already launched his campaign. JP Morgan CEO Jamie Dimon May Run For President Speculation around Jamie Dimon running for President rose after he hinted about having interest in serving in public office in the future. Following this, billionaire investor Bill Ackman said Dimon should run for the top post, listing out the CEO’s credentials as a highly respected business leader. However, Dimon attracted criticism from the crypto community for his mocking Bitcoin . Yet...

Also Read: First Ever Crypto Themed Shark Tank Show Announced; Here Are Details advertisement As recently as March 2023, leading crypto exchange Binance and its chief executive officer Changpeng “CZ” Zhao, were dragged into a lawsuit over regulatory violation by the CFTC. Another top exchange Coinbase also received a Wells notice, a warning before possible enforcement action, from the US SEC. US Supreme Court Could Indirectly Intervene In XRP VS SEC Lawsuit In a fresh move, US Supreme Court is considering getting rid of a legal doctrine that gives regulatory agencies like the US SEC and the CFTC bandwidth to decide on their own regulatory purview. In the case of CFTC, the agency’s chair Rostin Behnam recently told a Senate committee that Ethereum is a commodity, in sharp contrast to the US SEC Chair Gary Gensler’s argument that all tokens except Bitcoin fall under the securities laws. With this, the two agencies effectively got into a clas...