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Check FAQAbout Tanzeel
Tanzeel Akhtar is a journalist based in Westminster, United Kingdom. Contributed to The Wall Street Journal, BBC, Bloomberg, Investing.com, TheNextWeb, CoinDesk, Brave New Coin, CryptoNews, The Street, Bitcoin Magazine, FT Alphaville, Financial Times' This is Africa, CNBC, Campden Family Office, Citywire, Modern Investor, Spear's Wealth Management Magazine, The Local, Euromoney, Yahoo Finance, Global Investor, ETF.com, CIO UK, Forbes, Funds Global Asia and Portfolio Institutional. She has held full-time positions at Interactive Investor, Fund Strategy, Money Marketing, Money Observer, Mining Journal, Marketing Week, Futures and Options Intelligence and Waters Technology. Interned at The Independent, South Wales Argus and Lancashire Evening Post.
Finance
Fact Checking
Portfolio
Robinhood Markets Stock Jumps On $1B Buyback: What's Going On?
Robinhood Markets' stock experienced a significant increase following the announcement of a $1 billion stock buyback program. The buyback is aimed at boosting investor confidence and stabilizing the company's stock price.
Crypto Products for European Investors Experiencing ETF FOMO
European crypto enthusiasts are experiencing FOMO as the U.S. SEC approved eleven spot bitcoin ETFs, while Europe already offers various crypto ETPs. Despite the larger potential of the U.S. market, Europe has been progressive with products like Bitcoin Tracker One and Bitcoin Tracker EUR. Key players in the European ETP market include 21Shares, CoinShares, and WisdomTree. Regulatory hurdles make a Bitcoin ETF unlikely in Europe. U.S. spot bitcoin ETFs saw significant trading volumes on their first day, with BlackRock and Grayscale products leading. Globally, crypto ETFs and ETPs have seen a 119.6% increase in 2023.
US Spot Bitcoin ETF Approved, UK Unlikely to Follow Suit
The US Securities and Exchange Commission has approved eleven spot Bitcoin ETFs, marking a significant milestone for the cryptocurrency market. However, the UK is unlikely to follow suit, as the Financial Conduct Authority remains cautious about approving similar products for retail investors. The FCA's concerns stem from the volatility and risks associated with crypto assets, and the regulatory requirements that US-listed ETFs do not meet. This decision highlights the differing regulatory approaches between the US and UK regarding cryptocurrency investment products.
Spot Bitcoin ETF Issuers in Fee War Ahead of Possible SEC Approval
A fee war has begun among Spot Bitcoin ETF issuers in anticipation of a possible approval by the US Securities and Exchange Commission. Fees range from 0.24% to 0.5%, with some issuers offering temporary waivers. Bloomberg Intelligence analyst James Seyffart suggests the SEC may be forced to approve a Spot Bitcoin ETF. WisdomTree and VanEck have listed their ETFs on the DTCC, and the SEC's decision on the Ark 21Shares Bitcoin ETF is imminent. Laurent Kssis of CEC Capital notes fierce competition and potential limited benefits for custodians and service providers. Johnny Lyu, CEO of KuCoin, believes approval could lead to increased crypto adoption and regulatory clarity.
Navigating the Crypto Space: A Guide to Recognizing and Avoiding Common Crypto Scams
The article provides a guide to recognizing and avoiding common cryptocurrency scams, highlighting notorious cases such as Mt. Gox, OneCoin, Bitconnect, PlusToken, QuadrigaCX, Bitfinex, Tether, Terraform Labs, and the FTX collapse. It emphasizes the importance of due diligence, recognizing red flags, and conducting thorough research before investing in cryptocurrencies. The piece also discusses the broader economic implications of large-scale scams and the need for the crypto community to maintain trust and credibility.
US SEC Cites Terraform Case in Coinbase, and Binance Rulings
The US Securities and Exchange Commission (SEC) has referenced the recent ruling on Terraform Labs in its ongoing lawsuits against cryptocurrency exchanges Coinbase and Binance, asserting that both exchanges violated securities laws. The SEC's ruling classified Terraform Labs' tokens UST and LUNA as securities, which it is now using to argue similar cases against Coinbase and Binance. Binance plans to delist several BUSD trading pairs and privacy coins due to regulatory concerns. Both exchanges are currently embroiled in legal battles with the SEC, which continues its crackdown on the crypto industry.
Crypto Guide for Seniors
Cryptocurrency offers seniors an opportunity to diversify their investment portfolios with potential high returns, though it comes with risks such as volatility, regulatory uncertainty, and security concerns. The article provides a guide on understanding blockchain technology, the benefits and risks of investing in cryptocurrencies, and steps to start investing, including choosing a cryptocurrency and exchange, and ensuring security through wallets. It also highlights the importance of cybersecurity and the tax implications of cryptocurrency transactions, advising consultation with financial and tax professionals.
Balancing Act: Cryptocurrency, Data Mining, and Sustainability – Navigating the Right Path
The article discusses the role of data mining in cryptocurrency, highlighting its importance in market analysis, risk management, and security. It addresses the environmental concerns of traditional proof-of-work (PoW) mining and the shift towards more sustainable proof-of-stake (PoS) systems by projects like Ethereum, Cardano, and Tezos. The text also explores privacy issues related to data mining in cryptocurrency and the regulatory focus on energy consumption and privacy. It mentions eco-friendly initiatives like Quebec's hydroelectric power and El Salvador's geothermal energy for Bitcoin mining, emphasizing the need for a balance between innovation, environmental sustainability, and user privacy.
Bank of Korea Governor Calls for Action on CBDCs
Lee Chang-yong, the governor of South Korea's central bank, has emphasized the urgency of researching central bank digital currencies (CBDCs), particularly in light of the rise of stablecoins. Although the Bank of Korea has not decided on issuing a CBDC, the complexity and planning involved are acknowledged. The “2023 MOEF-BOK-FSC-IMF International Conference on Digital Money” in Seoul served as a platform for discussing the evolving financial landscape due to digital money. Kim So-young, Vice Chairman of the Financial Services Commission, highlighted the importance of regulatory balance to foster both investor protection and innovation.
StarkWare to Pay 10% of Network Fees to Developers in Pilot Program
StarkWare, an Ethereum developer, has launched the 'Devonomics Pilot Program' to pay 10% of its network fees to developers, with the first distribution amounting to 1,600 ETH or $3.5 million. The payments, which will eventually be made in StarkNet Tokens STRK, aim to incentivize builders to expand the network. The program is a collaboration between StarkWare and the Starknet Foundation, and payments will be automated and based on the fees generated by each dApp.
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