Crypto asset management firm Hashdex recently had a meeting with the U.S. Securities and Exchange Commission (SEC) Office of the Chair to discuss its proposed Bitcoin exchange-traded fund (ETF) application. The meeting, which included representatives from Hashdex, Tidal Financial Group, and various law firms, focused on the NYSE Arca’s proposed rule change to list and […]
Swiss digital asset bank Sygnum has obtained a Major Payment Institution Licence (MPIL) from the Monetary Authority of Singapore (MAS) for its Singapore arm. This license will enable the bank to offer brokerage services for cryptocurrencies, known as Digital Payment Tokens (DPTs), in Singapore. Sygnum also revealed that it currently manages CHF 3.2 billion in […]
The United States Securities and Exchange Commission (SEC) has set a deadline of December 29, 2023, for final changes to be made to spot Bitcoin exchange-traded fund (ETF) filings. Several firms, including Grayscale, BlackRock, and Ark Invest, have applied for a spot in a Bitcoin ETF and are hopeful for approval in 2024. The SEC […]
Paxos, a leading stablecoin issuer, has received regulatory clearance to launch its Paxos USDP stablecoin on the Solana blockchain. This move highlights Paxos’ growth and adaptability in the industry. Previously, Paxos had only issued stablecoins on the Ethereum blockchain.One key difference between Paxos and Circle, the issuer of USDC stablecoin, is that Paxos operates as […]
Grayscale, a crypto asset manager, has made amendments to its ETF strategy in order to comply with the cash-only redemption demands of the United States Securities and Exchange Commission (SEC). The revised filing excludes airdrops and forks, and instead focuses on facilitating fund creation and redemption using cash. This move aligns with the SEC’s preference […]
The team behind decentralized finance protocol KyberSwap has made the difficult decision to reduce its workforce by 50% following a major exploit that cost the company $48.8 million. CEO Victor Tran expressed his regret over the layoffs, stating that it was a heart-wrenching decision. However, the company plans to support the departing employees by creating […]
Tether, a major stablecoin issuer, has minted an additional $1 billion of its USDT stablecoin on the Ethereum blockchain. This move is aimed at replenishing its inventory in anticipation of a surge in demand. The minting occurred on December 25 and was confirmed by Tether CEO Paolo Ardoino. He clarified that the minted tokens are […]
Key figures at Grayscale, including chairman Barry Silbert and Mark Murphy, president of its parent company Digital Currency Group (DCG), will step down from their board positions effective Jan. 1, 2024, according to a recent filing with the United States Securities and Exchange Commission (SEC).Mark Shifke, DCG’s chief financial officer, will replace Silbert as chairman […]
American crypto exchange Coinbase has recently introduced Base, its Ethereum layer-2 network, which positions the company as a fundamental layer for decentralized commerce and activity. Base, built on the Ethereum scaling solution Optimism, serves as an on-chain ecosystem for both Coinbase’s own products and numerous decentralized apps used by millions of individuals. Since its launch, […]
Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount will be used as inventory for future issuance requests and chain swaps on the Ethereum blockchain.It’s important to note that these newly minted tokens […]
