Grayscale has won a major victory in court against the Securities and Exchange Commission (SEC), bringing the U.S. market one step closer to approval of a Bitcoin spot ETF. Bloomberg Intelligence Senior Legal Analyst Elliot Z. Stein had given Grayscale a 70% chance of winning its lawsuit against the SEC. Grayscale’s lawsuit accused the SEC […]
Miami Mayor Francis Suarez, who was one of the few cryptocurrency-friendly candidates running for president of the United States in 2024, has announced he will be suspending his campaign. In an Aug. 29 announcement on X (formerly Twitter), Suarez said that while running for U.S. president had been “one of the greatest honors of [his] […]
Binance, the world’s largest cryptocurrency exchange, held its first Community Meetup in Yerevan, Armenia. The event comes amid reports that the crypto giant is considering an exit from Russia due to regulatory pressures from the United States and Europe. Vladimir Smerkis, the General Manager and regional director of Binance in Russia and the CIS countries, […]
Circle, a fintech company, has announced a partnership with Mercado Libre to bring the USDC stablecoin to Mercado Pago on Aug. 29. Jeremy Allaire, Circle’s CEO, posted a thread on X announcing the launch of USDC on the retail giant’s online payment platform. USDC is a stablecoin, meaning it is pegged to the U.S. dollar. […]
Raoul Pal, CEO of Real Vision and former Goldman Sachs executive, recently held an Ask Me Anything (AMA) session on YouTube to explain his bullish stance on crypto assets. He believes that blockchain technology offers users the opportunity to own and operate pieces of a network, unlike other systems where people have to buy stocks […]
Ethereum transaction fees have dropped to their lowest levels since December, according to data from South Korea-based blockchain analytics firm CryptoQuant. The cost of executing transactions on the world’s largest programmable blockchain and the parent platform of the world’s second-largest cryptocurrency Ethereum (ETH) has dropped to 1,719 ETH which is valued at approximately $2.8 million. […]
DEGA and Unique Network have announced a collaboration to empower builders within the Unique ecosystem. This partnership will allow builders to leverage DEGA’s Initial Stake Pool Offering (ISPO) platform for crowdfunding and community engagement on Polkadot. The Polkadot team has confirmed the collaboration and is looking forward to the upcoming Polkadot Developer Conference, sub0, which […]
A federal judge has overturned the United States Securities and Exchange Commission’s (SEC) decision to deny an exchange-traded fund (ETF) offering from Grayscale Investments through its Bitcoin BTC Trust. The court ruled that the SEC’s justification of denying Grayscale’s Bitcoin ETF was insufficient and the matter will return to the commission for review.The SEC has […]
Bitcoin’s supply on exchanges has dropped to its lowest level in nearly 6 years, according to leading in-chain metrics platform Santiment. The current supply of Bitcoin on exchanges is now at just 5.8%, and whale transactions have also been spotted in the market.The new week looks promising for Bitcoin, as the apex cryptocurrency clears weekly […]
The Chinese stock market has been struggling recently, leading to concerns about its impact on global economic growth. Industrial output and the flow of credit in the region are weakening, and the Chinese government’s interventions may not be enough to fix the underlying structural problems.The Shanghai Shenzhen CSI 300 Index initially surged by 5.5% on […]
