China News Official TheBitTimes.com

ARK Investment Management founder and CEO Cathie Wood predicted on Aug. 7 the SEC would delay its decision on the firm's spot BTC ETF application. The United States Securities and Exchange Commission (SEC) has delayed a decision on approving or disapproving the spot Bitcoin (BTC) exchange-traded fund proposed by ARK Investment Management. In an Aug. 11 notice, the SEC opened a 21-day comment period for the ARK 21Shares Bitcoin ETF to the public following publication in the Federal Register, the latest delay for the regulator determining whether to approve or disapprove of a spot crypto ETF in the United States. ARK originally filed to list the ETF in May, giving the SEC a maximum of 240 days — until January 2024 — to reach a final decision. “The regulated market of significant size test does not require that the spot bitcoin market be regulated in order for the Commission to approve this proposal , and precedent makes clear that an underlying market for a spot commodity or curren...

AI could prove to be a boon for investors looking for gains in today's “unusual” market. Global investment titan BlackRock, which manages some $10 trillion in assets, has declared artificial intelligence a “mega force ” that could create significant returns for investors in today’s “unusual” market. In its mid-year outlook report, the BlackRock Investment Institute detailed their thesis for increased investment in AI — pointing to multiple “disruptive” themes that could see the sector grow rapidly over the coming years. S&P market cap vs relative performance from 1990. Source: BlackRock. The report drew special attention to the fact that gains in the S&P 500 — the index that tracks the 500 largest companies in the United States — have become increasingly concentrated in a handful of tech stocks. The firm says investment in AI is a good way to capitalize on this concentration. "We think this unusual equity market shows a mega force like AI can be a big driver of retur...

Newsquakes, Twitter Volume and Most Active On-Chain alerts helped Cointelegraph Markets Pro users find three assets that had big moves. Last week, Cointelegraph Markets Pro, an institutional-grade crypto intelligence and alerts platform, provided subscribers the opportunity to trade three coins that embarked on momentum-fueled price moves.  The advanced data analysis tools at Cointelegraph Markets Pro used three alert systems to highlight these coins. Newsquakes, which inform traders of potentially price-moving news alerts in real time, was triggered by Sommelier (SOMM) on Friday, March 17. The Twitter Volume indicator, which measures a project’s mentions and activity on the social media platform Twitter, exposed Immutable X (IMX) as a potential candidate for a significant price move before the move occurred in full. One of Cointelegraph Markets Pro’s newest indicators, Most Active On-Chain, shows the projects with the biggest increase in the number of addresses on-chain over the last...

This is the first time an EU Member State will use blockchain technology for bank and insurance guarantees, according to Algorand. Layer-1 blockchain platform Algorand has been chosen as the public blockchain to support an “innovative digital guarantees platform” to be used in Italy's banking and insurance markets. The Algorand- support ed platform is expected to be launched in early 2023. According to Algorand’s Dec. 13 announcement, this is the first time an EU Member State will use Blockchain Technology for bank and insurance guarantee s. A bank guarantee is when a lending institution promises to cover a loss if a borrower defaults on a loan. It's an alternative to providing a security bond or a deposit to a supplier or vendor. An insurance guarantee is similar but is offered by an insurance company rather than a bank.  Algorand said that blockchain technology was ideally suited for the "Digital Sureties" platform because of its fast, efficient, low-cost, and sc...

The market may be experiencing some tough days, but that doesn’t have to stop you from finding ways to prosper. The economy is facing an outlook bleaker than a Welsh weather forecast, and few are rushing to buy risk assets. Here are a few tips for weathering unfavorable market conditions. Option #1: Save cash There’s no shame in sitting on the sidelines and saving cash or stablecoins. When bullish momentum returns, you will have plenty of dry powder to make big allocations. In the meantime, there are still lots of opportunities to earn yield across crypto Markets as long as you trust the protocol you’re using. But isn’t this timing the market, which is impossible? Possibly. But this is more about spotting momentum and general market trends as opposed to more focused price targeting or calling reversals. Larger trends are easier to spot. However, if that’s a bit risky, there’s another option. Option #2: Dollar-cost average (DCA) Have you ever been to a physiotherapist with a wrist or b...