Fidelity To Launch Spot Bitcoin ETF In Canada, As Pressures Mounts For U.S. Approval

[ad_1] Pressure is mounting for SEC approval of Bitcoin Spot ETF in the U.S. following a new pending spot ETF approval in Canada spearheaded by none other than Fidelity Investments. Fidelity’s Bitcoin Spot ETF product listing is titled “Fidelity Advantage Bitcoin” and pending approval to launch in Canada this week. According to Eric Balchunas, Bloomberg senior ETF analyst, the launch of Fidelity’s listing would immediately make them the largest asset manager offering a Bitcoin ETF. Image Source: Eric Balchunas, Bloomberg Eric Balchunas Fidelity’s move for Bitcoin spot ETF approval in…

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House passes $1T infrastructure bill with crypto tax for Biden’s approval

[ad_1] The United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which if signed into law by President Joe Biden, would enforce new provisions in relation to crypto-tax reporting for all citizens. The infrastructure bill was first proposed by the Biden administration aimed at primarily improving the national transport network and internet coverage. However, the bill mandated stringent reporting requirements for the crypto community, requiring all digital asset transactions worth more than $10,000 to be reported to the IRS. As Cointelegraph reported, the bill was first approved…

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Binance launches $1B BSC fund, BTC futures ETF approval could arrive soon, and Celsius raises $400M: Hodler’s Digest, Oct. 10-16

[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Binance to launch $1B fund to develop BSC ecosystem Binance, the world’s biggest cryptocurrency exchange, announced an accelerator fund worth a whopping $1 billion this week. The funds will go toward supporting the development of the Binance Smart Chain ecosystem.  Binance outlined that the…

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Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval

[ad_1] Ether (ETH) price is lagging Bitcoin’s (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve the high gas fees issue. Bitcoin and Ether prices at Bitstamp. Source: TradingView Moreover, the increasing competition from smart contract networks like Solana (SOL) and Avalanche (AVAX) have been worrying investors: One big problem…

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BTC price hits $56K as bulls return and talk focuses on Bitcoin ETF approval

[ad_1] Bitcoin (BTC) returned to beat the week’s four-month highs on Oct. 8, climbing $2,000 in two hours. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC’s price beats Wednesday’s high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting just over $56,150 on Bitstamp in a fresh show of bullish momentum. Wednesday’s dramatic uptick had topped out at $55,800, this remaining the level to beat as the pair then spent Thursday consolidating. I think we have another $BTC pump coming right away. A brutal one, if I must say. —…

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