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BlackRock and Grayscale gear up for Bitcoin ETF market entry By Investing.com

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BlackRock and Grayscale gear up for Bitcoin ETF market entry By Investing.com

© Reuters

WASHINGTON – As the U.S. Securities and Exchange Commission (SEC) reviews applications for the nation’s first exchange-traded funds (ETFs), major financial players BlackRock Inc (NYSE:). and Grayscale Investments are signaling their readiness to enter the market. With amended filings made on Friday, these firms are positioning themselves at the forefront of what could be a significant development for cryptocurrency investment in the United States.

Analysts are expressing optimism about the growth potential of Bitcoin ETFs, anticipating a notable increase in investment volume. This sentiment persists even as the market remains cautious in the wake of recent cryptocurrency scandals. The industry is eager for institutional engagement through ETFs, which is expected to provide a more structured and regulated investment environment for digital assets.

BlackRock Inc. and Fidelity have already taken steps to prepare for their entry into this new market segment. Last week, both firms detailed the involvement of authorized participants in their revised S-1 prospectus documents, indicating that broker-dealers will play a role in the upcoming Bitcoin funds.

The SEC has a pivotal week ahead, with commissioners expected to vote on these Bitcoin ETF proposals. This follows a Monday deadline for issuers to submit revised S-1 prospectus documents, marking a critical phase in the regulatory review process.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Crypto

SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority

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SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority
The SEC is signaling a decisive push to move U.S. financial markets onto blockchain infrastructure, framing on-chain settlement as a priority upgrade that could reshape post-trade systems and regulatory strategy under Chair Paul Atkins.
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Westlake police say cryptocurrency scam cost woman over $5,000

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Westlake police say cryptocurrency scam cost woman over ,000

WESTLAKE, Ohio – A convenience store clerk at 1:30 p.m. on Nov. 26 alerted a police dispatcher that a female customer was feeding large amounts of cash into a cryptocurrency ATM at the store on Center Ridge Road at Dover Center Road.

The clerk said the customer would not believe the clerk’s warning that she was being scammed.

Officers arrived to find the 71-year-old still “anxiously depositing” cash into the machine. Officers told her to stop, but she did not believe the uniformed men. The officers talked to her for several minutes before she finally believed that there was an issue. She was still on the phone with the scammer at the time.

The incident started that morning when the victim received a pop-up message on her home computer instructing her to call a provided support phone number due to a supposed issue with the computer’s operating system. She called the number and was connected to a man who claimed he was a representative from Apple, according to a police department press release.

The man talked her into allowing him remote access to her computer while he asked for her bank information. The scammer talked the victim into believing that there was a problem with her accounts, and she was at risk of losing $18,000 in connection with pornographic websites out of China or Mexico.

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She was connected to a fake fraud department for her bank, and another scammer persuaded her to go to a bank and withdraw as much cash as they would allow. The scammer even told her to give the teller a story about needing cash to buy a car. The perpetrator kept the woman on the phone as she took out cash and traveled to the crypto ATM. The victim had deposited approximately $5,500 before officers persuaded her to stop. The Westlake Detective Bureau is attempting to recover the lost funds.

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Read more from the West Shore Sun.

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Youtube Expands Creator Monetization Using Paypal USD Stablecoin

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Youtube Expands Creator Monetization Using Paypal USD Stablecoin
Youtube has reportedly begun letting U.S. creators receive payouts in Paypal’s dollar-pegged stablecoin, Paypal USD (PYUSD), signaling a shift toward regulated digital currencies as mainstream payment tools and deepening stablecoins’ role in creator monetization.
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