US Securities and Exchange Commission (SEC) Chair Gary Gensler has recently approved Bitcoin ETFs, a move that has sparked controversy due to his concurrent criticism and unfounded claims against Bitcoin and the broader crypto industry. Despite the approval of the ETFs, Gensler has maintained his critical stance on Bitcoin, referring to it as a “speculative […]
UBS, the Swiss financial giant, is making a renewed push into the lucrative US investment-banking market, more than a decade after it abandoned its ambitions of becoming a major player in the sector. This time, however, the bank’s ambitions are more measured.The bank’s recent takeover of its local rival, Credit Suisse, along with turmoil at […]
Vitalik Buterin, co-founder of Ethereum, has proposed a 33% increase in the gas limit to enhance network throughput. This marks the first change in Ethereum’s gas limit in three years, addressing rising gas prices and the ongoing scalability debate within the Ethereum community.In a recent ask-me-anything (AMA) session on Reddit, Buterin suggested raising the gas […]
The New York Department of Financial Services (DFS) is preparing to announce a settlement with Genesis Global, a subsidiary of the Digital Currency Group (DCG), according to a recent report by Fortune Magazine. DFS Superintendent Adrienne Harris has voiced concerns over Genesis’ failure to maintain a functional compliance program, which she believes shows a disregard […]
On January 11, Coinbase, a renowned crypto exchange, announced its collaboration with Yellow Card, the first licensed Stablecoin on/off ramp on the African continent. This partnership aims to broaden the reach of their products to emerging economies across Africa.Through this alliance, Coinbase plans to extend access to its products, beginning with 20 African nations. The […]
The US Securities and Exchange Commission (SEC) has approved 11 Bitcoin Exchange-Traded Funds (ETFs) in a move celebrated by crypto investors. The simultaneous approval of these ETFs is intended to provide a level playing field for issuers.Many ETF issuers have offered low fees to attract more investors, with some, such as Fidelity and Bitwise, even […]
BlackRock CEO Larry Fink has expressed skepticism about the feasibility of Bitcoin as a medium for everyday transactions, insisting that it should be seen as an asset class. In a recent interview with CNBC, Fink articulated his belief in Bitcoin as an alternative form of wealth storage, rather than a potential replacement for national currencies.“I […]
A prominent cryptocurrency analyst and trader, known pseudonymously as Bluntz, has recently expressed a bullish outlook on a Solana-based memecoin, dogwifhat (WIF). Bluntz shared with his 236,100 followers on a social media platform that WIF could potentially appreciate by approximately 359% from its current level of $0.218.Bluntz’s analysis suggests that the WIF/Solana pair has formed […]
Bitcoin experienced a significant drop of 9%, falling below $42K, despite the general optimism surrounding Bitcoin ETFs. The price of Bitcoin plummeted to as low as $41,730 at 10:25 p.m. UTC on Friday, marking a 24-hour loss of approximately 9%. However, by 11:25 p.m. UTC, Bitcoin’s price had partially recovered to $42,850, resulting in a […]
South Korea’s Financial Services Commission (FSC) has issued a statement that could significantly impact the local crypto market. The FSC has suggested that domestic securities firms’ brokering of US spot Bitcoin Exchange-Traded Funds (ETFs) might contravene South Korea’s regulations on virtual assets and the Capital Markets Act. This statement was made in response to the […]
