California Governor Gavin Newsom has approved a cryptocurrency bill that will impose stricter regulations on businesses involved in crypto operations. The bill, known as the ‘Digital Financial Assets Law,’ will require individuals and firms to obtain a license from the Department of Financial Protection and Innovation in order to engage in digital financial asset business […]
The US government’s spending exceeded its revenues by over a trillion dollars in the last fiscal year, according to the Congressional Budget Office (CBO) report. The budget deficit for the 2023 fiscal year reached $1.7 trillion, $300 billion more than the previous year. The government spent $6.131 trillion while generating $4.441 trillion in taxes and […]
Binance.US, the US arm of cryptocurrency exchange Binance, is introducing a new procedure to provide traders with advance notice when considering adding support for a new token. This move aims to enhance transparency in the listing process. The first token being evaluated under this new process is SUI, the native token of the Sui Network, […]
BitPay, a crypto payment gateway, has partnered with AMC to allow crypto owners to purchase tickets to the Taylor Swift Eras Tour Movie using cryptocurrencies such as Bitcoin, Dogecoin, and Shiba Inu. This move highlights the increasing use of cryptocurrencies across various sectors of the economy. AMC became the first theater chain in the US […]
FTX estate, a prominent player in the cryptocurrency market, has shown bullishness towards Solana’s native token, SOL. On October 13, FTX staked over 5.5 million SOL coins, worth $122 million, through Figment, a staking validator firm. This move was detected by blockchain tracker Whale Alert and confirmed by on-chain researcher Ashpool. Staking involves locking up […]
Ripple’s Chief Technology Officer (CTO), David Schwartz, has responded strongly to comments made by Charles Hoskinson regarding Ethereum’s alleged preferential treatment by the SEC. Schwartz argued that government favoritism aligned with personal interests is a form of corruption. The controversy surrounding Ethereum’s interactions with the SEC has been fueled by the recent disclosure of “Hinman […]
Coinbase, a leading cryptocurrency exchange, has submitted a formal response to the United States Securities and Exchange Commission (SEC) regarding its rulemaking petition. The company is urging the SEC to provide a timely and public response to its appeal, expressing frustration with the lack of communication and transparency from the financial regulator. Coinbase’s Chief Legal […]
Luxury sports car manufacturer Ferrari has announced that it will now accept cryptocurrency payments for its vehicles in the U.S., with plans to expand the service to Europe. This move comes in response to demand from wealthy clients and follows the hesitation of other prominent companies to accept cryptocurrency due to its volatility and regulatory […]
Bloomberg ETF analysts James Seyffart and Eric Balchunas predict that the US Securities and Exchange Commission (SEC) could approve a Spot Bitcoin ETF as early as next year. They estimate a 90% chance of approval by January 10, which is the deadline for the SEC’s decision on ARK Invest’s application. This prediction comes after ARK […]
Ferrari, the renowned luxury car manufacturer, has announced its decision to accept cryptocurrency payments for its high-end vehicles in the United States. This move comes in response to increasing customer demand and the growing popularity of digital currency investments. Ferrari’s chief marketing and commercial officer, Enrico Galliera, confirmed that the company will initially accept crypto […]
