Bitwise Asset Management has unexpectedly withdrawn its application for the Bitcoin and Ethereum Market Cap Strategy Ethereum Futures Contracts (ETF) filed with the Securities and Exchange Commission (SEC) on Aug. 3. The ETF was intended to invest in either Bitcoin Futures Contracts or Ethereum Futures Contracts, depending on their relative market capitalization. The withdrawal statement […]
Coinbase has announced that it will start trading in PayPal’s newly launched stablecoin, PYUSD, on Aug. 31, provided that liquidity conditions are met. Trading will begin “on or after 9 AM PT” and will be rolled out in phases for the PYUSD-USD pairs, although restrictions may apply in certain jurisdictions. Last week, Coinbase hinted at […]
Grayscale Investments recently won a landmark victory over the US Securities and Exchange Commission, which could be a huge turnaround for the entire crypto industry. The SEC had previously rejected the firm’s request to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin offering. A three-judge panel agreed that the denial of Grayscale’s proposal […]
The Terra Luna Classic community is abuzz with excitement over a revolutionary proposal to introduce a decentralized debit card specifically designed for LUNC, the native cryptocurrency. The debit card aims to skyrocket utility and transactions within the ecosystem, promising a seismic shift in how cryptocurrency is used in everyday life. Proposal 11750, dubbed the “LUNA […]
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on multiple pending Bitcoin ETF applications, including those from major investment firms such as WisdomTree, BlackRock, Fidelity, VanEck, and Invesco Galaxy. Following the announcement, Bitcoin’s market value experienced a 5% decline, tumbling down to $26,100.The delay comes in the wake of Grayscale’s […]
Trust Machines, a company building the largest ecosystem of Bitcoin applications, has launched its flagship wallet brand, Leather. Leather is a Bitcoin wallet with the mission of driving the global transition to a digital economy built on Bitcoin. The wallet supports Stacks L2 functionality, Bitcoin Ordinals, and other Bitcoin-secured assets. Leather provides users with the […]
Ripple, the tech firm behind XRP, is now on a talent hunt for a Senior Specialist in Global Know Your Customer Due Diligence. This new hire will join Ripple’s Global Anti-Money Laundering & Sanctions Compliance team to perform due diligence and mitigate reputational, regulatory, and sanction risks associated with the company’s institutional clients, corporate partners, […]
Retired pro soccer star Ronaldinho Gaúcho testified at a congressional hearing in Brazil on Aug. 31, denying his involvement in an alleged $61 million crypto pyramid scheme that bore his name. Ronaldinho claimed he was never partnered with the company and it used his name and image without his authorization, arguing he was also a […]
At least five Ethereum liquid staking providers have either imposed or are working to impose a self-limit rule in which they promise not to own more than 22% of the Ethereum staking market. This proposal aims to address concerns of Ethereum staking becoming increasingly centralized. The self-limit was proposed at 22% because 66% of validators […]
Ben Rose, General Manager of Binance Australia, is confident that the Australian government will make the right decisions when it comes to digital asset regulations. Despite recent hostility towards crypto, including a search by regulators and banking blocks from the traditional finance sector, Rose is focused on restoring banking ties and returning fiat ramp services […]
