Digital Currency Group (DCG), a venture capital firm, has announced the complete payoff of all its short-term loans from the now-defunct cryptocurrency lending platform Genesis. Despite the challenging conditions in the cryptocurrency market throughout the year, DCG managed to meet its loan obligations. The firm paid approximately $700 million of the nearly $1 billion it […]
The Securities and Exchange Commission (SEC) has been a significant topic of discussion in the crypto community in recent years, primarily due to its actions against various companies and projects. However, the agency is now anticipated to approve a spot Bitcoin ETF in the US, after a decade of rejecting all proposals.The new year brought […]
Coinbase is set to broaden its derivatives offerings in the European Union through the acquisition of a MiFID-licensed entity in Cyprus. This move, which is still awaiting regulatory approval, is expected to bolster Coinbase’s market presence in 2024.MiFID II is the EU’s revised legislation governing financial instruments. The legislation was updated in 2017 to address […]
In a significant achievement, Arbitrum has surpassed Ethereum’s mainnet in trading volume, marking a milestone in the blockchain industry. This success is part of a broader surge in Arbitrum’s performance, with the blockchain achieving three all-time highs in total value locked (TVL), DEX volume, and the spot price of its native token, ARB, in the […]
Dennis M. Kelleher, Co-Founder and CEO of Better Markets, a non-profit organization dedicated to promoting public financial interest, has issued a strong warning to the US Securities and Exchange Commission (SEC) against the approval of Bitcoin spot ETFs. This comes at a time when market analysts are hopeful that the SEC will approve several applications […]
The Polkadot community is buzzing with anticipation as DED, the first meme coin in the ecosystem, is set to launch soon. This has sparked excitement and interest in DOT, the native token of Polkadot, as analysts predict that the launch of DED will push up the price of DOT. This is because only DOT holders […]
The U.S. Securities and Exchange Commission (SEC) is on the brink of a decision regarding spot Bitcoin exchange-traded funds (ETFs). As the deadline approaches, 11 applicants have been actively submitting 19b-4 amendment forms. These forms are a crucial part of the SEC approval process, and their submission indicates that the final wording changes for the […]
Digital Currency Group (DCG) has announced the resolution of all outstanding debts due to the now-defunct crypto lending platform Genesis. The announcement, made on January 6 on X (formerly Twitter), confirmed that DCG is current on all debts, having paid approximately $700 million to Genesis. This forms part of the over $1 billion paid to […]
Generation Z, those born between 1997 and 2004, are glorifying irresponsible financial behavior on social media platforms like TikTok. A trend known as “Girl Math” encourages young women to embrace debt and consumer credit. The popularity of “Buy Now, Pay Later” services, such as the Swedish financial service Klarna, is also being celebrated, with the […]
John Bollinger, the legendary Bitcoin (BTC) trader and creator of the Bollinger Bands strategy, has expressed an optimistic view on Bitcoin’s future. In a recent post, Bollinger suggested that Bitcoin’s price is likely to “break higher” from its current levels. This prediction is based on his analysis using the Bollinger Bands chart, a technical analysis […]
