The Federal Deposit Insurance Corporation (FDIC) of the United States has implemented a new rule that will impact the public perception of certain cryptocurrency firms. The FDIC’s board of directors has finalized regulations to address false advertising, misrepresentations of deposit insurance coverage, and misuse of the FDIC’s name or logo.Starting in 2025, institutions insured by […]
The U.S. Securities and Exchange Commission (SEC) has been holding meetings with Grayscale and BlackRock regarding the approval of Bitcoin ETF applications. Grayscale’s meeting focused on a proposed rule change that would allow NYSE Arca to list and trade shares of their spot Bitcoin ETF. BlackRock’s meeting discussed a proposed rule change that would permit […]
Bitcoin (BTC) has been performing exceptionally well, surpassing traditional financial institutions with a market cap of around $841 billion. Despite regulatory crackdowns, Bitcoin continues to attract significant cash inflows, maintaining its dominance in the crypto market.Renowned crypto analyst PlanB predicts that Bitcoin could reach its all-time high (ATH) of $69k in the coming months. PlanB […]
The head of South Korea’s Financial Supervisory Service (FSS), Lee Bok-hyun, is reportedly planning to meet with the chair of the United States Securities and Exchange Commission (SEC), Gary Gensler, to discuss cryptocurrency regulation. Lee is expected to visit the SEC in January and arrange a meeting with Gensler to discuss the current state of […]
XRP, the native cryptocurrency of Ripple, has experienced significant developments in 2023. The token has seen ups and downs, with a notable rally in July that pushed the price above $0.80. The future price of XRP is a topic of debate among analysts, with predictions ranging from an 800% rally to reaching $5.50.Positive sentiments are […]
Ripple, a leading digital asset company, has chosen Ireland as its base in the European Union (EU) in preparation for the implementation of the EU’s Markets in Crypto-Assets (MiCA) regulation. This move demonstrates Ripple’s commitment to compliance and its readiness to adapt to evolving digital asset regulations.By registering with the Central Bank of Ireland as […]
The International Organization of Securities Commissions (IOSCO) has released a report providing policy recommendations for Decentralized Finance (DeFi). The aim is to address potential risks to market integrity and investor protection in the wake of recent incidents that caused harm to investors and led to the failure of DeFi platforms.The report emphasizes that DeFi activities […]
The International Organization of Securities Commissions (IOSCO) has released a report providing policy recommendations for Decentralized Finance (DeFi). The aim is to address potential risks to market integrity and investor protection in the wake of recent incidents that caused harm to investors and led to the failure of DeFi platforms.The report emphasizes that DeFi activities […]
Ripple, the blockchain enterprise, has been registered with Ireland’s Central Bank, allowing it to offer digital asset services in the country. This move positions Ripple to expand its services across the European Economic Area once the Markets in Crypto Assets Regulation takes effect in late 2024.Ripple has already established a presence in Ireland, opening an […]
U.S. Senator Roger Marshall has revealed that the American Bankers Association played a role in formulating the Digital Asset Anti-Money Laundering Act, a controversial bill that has faced criticism from the cryptocurrency community. During a speech, Marshall stated that the association helped craft the legislation to ensure that cryptocurrencies are held to the same standards […]
