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Produced by Daniel Aharonoff & Mogul Media AI

AIA Mastercard: Bridging Crypto and Fiat Transactions

Bridging Digital and Traditional Finance: The Launch of AIA Mastercard In an era where the lines between cryptocurrency and traditional finance are increasingly blurred, the recent launch of the AIA Mastercard by AI Analysis marks a significant milestone. This innovative Crypto to Fiat Card, developed in partnership with Mastercard, promises to deliver unparalleled convenience, security, and flexibility for users transitioning between digital assets and everyday transactions. As the CEO Faisal Rahman aptly states, this is not merely a card; it is a transformative tool designed to elevate financial transactions for users across the globe. Unmatched Spending Limits The AIA Mastercard distinguishes itself with exceptional spending limits that set a new industry standard: Daily ATM Withdrawals : Up to $2,000 Daily Spending Limit : $10,000 Monthly Spending Limit : $100,000 These remarkable limits are indicative of AI Analysis’s confidence in its security infrastructure, cateri
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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin ETF Contenders Race to Clear Final Hurdle for Approval

Bitcoin ETF contenders are facing a crucial deadline today as they have the opportunity to file any last-minute changes to their applications. This step is seen as the final hurdle for approval, and it involves the inclusion of authorized participant agreements. The authorized participant plays a crucial role in the creation and redemption of shares in an ETF, allowing investors to cash out. After months of negotiations between asset fund managers and the SEC, this stage is anticipated to be the final part of the application process.

According to Reuters, the SEC set a deadline of December 29 for Bitcoin ETF contenders to submit any amendments to their applications. In recent weeks, top contenders such as BlackRock and ARK Invest, led by Cathie Wood, have filed various amendments. Two key details have emerged from these filings. Firstly, the SEC appears to be requiring that Bitcoin ETFs follow a cash model, meaning that new funds must be created with cash instead of Bitcoin. Secondly, the SEC is insisting on authorized participant agreements being in place.

Failure to include both of these provisions in the amendment by today may result in the exclusion of the applicant from the Bitcoin ETF race, as explained by Bloomberg Senior ETF analyst Eric Balchunas. In a post on X (formerly Twitter) on Friday, Balchunas mentioned that he expects some authorized participants to be named today, although it is more likely that this will occur just days before the launch of a Bitcoin ETF. Notably, ARK Invest and 21 Shares submitted an amendment yesterday that included mention of authorized participant agreements, but the authorized participant was not named.

Experts in the field anticipate the approval of a spot Bitcoin ETF in the new year. Bloomberg Intelligence analysts have stated that there is a 90% chance that a Bitcoin ETF will begin trading by January 10. An ETF is an investment vehicle that tracks the value of an underlying asset, such as gold, foreign currencies, or Bitcoin. In the case of a spot Bitcoin ETF, it allows individuals to gain exposure to the digital coin by purchasing shares that mirror its price.

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