In a significant development in the financial markets, the debut of Bitcoin Exchange-Traded Funds (ETFs) has been led by trillion-dollar giants, marking a milestone in the decade-long journey to integrate cryptocurrency with mainstream financial markets. This follows the approval by the U.S. Securities and Exchange Commission, with trading commencing this Thursday.However, not all financial institutions […]
The Securities and Exchange Commission (SEC) has ignited a storm of controversy by approving the first wave of spot bitcoin exchange-traded funds (ETFs). This decision has sparked a heated debate among lawmakers over cryptocurrency regulation.Senator Elizabeth Warren (D-MA), a longtime voice of caution in the digital asset space, is leading the opposition to the SEC’s […]
Vanguard, the world’s second-largest asset manager, has declared that it will not support the purchase of any spot Bitcoin ETFs launched recently. The firm has taken a conservative stance on cryptocurrencies, stating that they do not form part of a “well-balanced” investment portfolio. This position starkly contrasts with that of its main competitor, BlackRock, which […]
The United States Securities and Exchange Commission (SEC) has recently filed a motion against Ripple, demanding the company to provide certain documents related to an ongoing lawsuit. Ripple, in response, is seeking a brief extension to meet the SEC’s demands for documentation regarding XRP sales.The legal conflict between the two entities, which began in December […]
Swiss private bank Julius Bär has hired another executive from its fallen competitor, Credit Suisse, this time for the Southeast Asian market. Julius Bär has appointed Mun Joo Ng as Team Leader for Southeast Asia, effective from January 15, as stated in an announcement. In this newly created role, he will report to Kevin Tay, […]
Robinhood, the commission-free trading platform, has announced that it will offer its retail customers access to all 11 spot Bitcoin ETFs that were recently approved for trading. This move comes just a day after the U.S. Securities and Exchange Commission (SEC) approved the ETFs, indicating that Robinhood was already preparing for this development.The company has […]
FTX clients have appealed to a U.S. bankruptcy judge to stop the now-defunct crypto exchange from determining the value of their cryptocurrency deposits based on 2022 prices. The clients argue that this method is preventing them from benefiting from the recent surge in crypto prices.The Official Committee of Unsecured Creditors, in support of the Debtors’ […]
Manta Network’s native Layer 2 modular blockchain, Manta Pacific, has seen a significant increase in Total Value Locked (TVL), exceeding $800 million. This represents a 65-fold increase over the last quarter. Manta Pacific was launched less than four months ago, in October 2023, with an initial TVL of $10 million. This rapid growth has established […]
Senator Elizabeth Warren has publicly criticized the Securities and Exchange Commission (SEC) for its decision to approve the spot Bitcoin ETFs. She expressed her dissent on X (formerly Twitter), stating that the SEC was “wrong on the law” and “wrong on the policy” regarding the approval. In response to the SEC’s decision, she called for […]
The Securities and Exchange Commission (SEC) has given the green light to the first spot Bitcoin exchange-traded funds (ETFs) in the United States. This move is seen by Web3 professionals as a potential boost to the nonfungible tokens (NFTs) sub-crypto ecosystem, which has been experiencing a downturn.Bill Qian, chairman of Cypher Capital, a crypto investment […]
