Bitcoin’s Lightning Network (LN) has been a topic of debate recently, with experts discussing its potential and challenges. Marcus, CEO of Lightspark, acknowledged ongoing efforts by companies like Lightning Labs, Spiral, and his own with Lightspark in tackling these challenges. However, he emphasized that achieving full support for non-custodial Lightning with offline reception remains a […]
The Monetary Authority of Singapore (MAS) has unveiled its digital money strategy, focusing on wholesale central bank digital currency (CBDC), tokenized bank liabilities, and regulated stablecoins. This comprehensive vision positions Singapore as a frontrunner in the digital finance landscape. MAS aims to facilitate interbank settlement through the development of a wholesale CBDC, with local banks […]
Javier Milei’s victory in the Argentine presidential election has sparked discussions about the role of Bitcoin in the country’s economic reform. Milei, a strong advocate for Bitcoin and a critic of central banks, has brought optimism to the cryptocurrency market. After his win, the price of Bitcoin immediately rose by 3% to $37,302. Milei’s triumph […]
The Spanish regulatory authority is considering investigating cryptocurrency advertisements on platform X, emphasizing the need for businesses to comply with local regulations and take action against unregistered entities promoting investments. In response to proposed tax legislation by the IRS, the Blockchain Association has voiced opposition, stating that it would be challenging for many players in […]
BitGo CEO Mike Belshe recently shared his cautious outlook on the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. SEC. While he remains optimistic about the potential approval, he also acknowledges that there may be additional hurdles to overcome. One of the key concerns highlighted by Belshe is the SEC’s insistence on the […]
Fidelity Investments, a multinational financial service corporation, has filed for an Ethereum Spot Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This is the second ETF filing by Fidelity, following their previous filing for a Spot Bitcoin ETF. The filing outlines the framework for listing and trading Trust shares on […]
Fidelity, a major money management company, has filed for the creation of an exchange-traded fund (ETF) focused on Ethereum’s ether (ETH). The proposed Fidelity Ethereum Fund aims to be listed on an exchange owned by Cboe Global Markets. This move comes as Fidelity seeks to expand its crypto offerings, following in the footsteps of rival […]
Paxos Digital Singapore, a branch of Paxos, has received In-Principle Approval from the Monetary Authority of Singapore (MAS) to launch a US dollar-backed stablecoin in Singapore. This approval allows Paxos to issue stablecoins in the country by partnering with enterprise clients. The expansion into Singapore is driven by the global demand for the US dollar, […]
Bloomberg analyst Eric Balchunas has reported that the Securities and Exchange Commission (SEC) is instructing spot Bitcoin ETF applicants to incorporate cash creates. This means that instead of delivering Bitcoin assets in exchange for shares of the ETF, participants would deliver cash. Balchunas explains that cash creation may be preferred because broker-dealers cannot deal in […]
The U.S. Securities and Exchange Commission (SEC) has extended the decision period for two spot Bitcoin Exchange Traded Funds (ETFs). The first filing is for GlobalX’s spot Bitcoin ETF, which was submitted on August 4 and published for comment on August 23. The SEC will now have until February 2024 to approve or reject the […]
