Former SEC Chairman Jay Clayton believes that the approval of a spot market Bitcoin (BTC) exchange-traded fund (ETF) is inevitable. In a recent interview on CNBC Squawk Box, Clayton stated that it is clear that Bitcoin is not a security and that retail and institutional investors want access to it. He also noted that trusted […]
The United Kingdom has implemented the Travel Rule for crypto, which requires virtual asset service providers (VASPs) to collect, verify and share information relating to crypto-asset transfers. This rule applies to both inbound and outbound payments, and VASPs must make a risk-based assessment as to whether to make the cryptoassets available to the beneficiary. The […]
New York Judge Katherine Failla recently ruled that Ethereum (ETH) is a commodity, rejecting a class action lawsuit against the leading decentralized exchange Uniswap. Judge Failla is also in charge of the SEC’s ongoing case against Coinbase. In her ruling, she stated that the smart contracts involved in the exchange of ETH and Bitcoin were […]
Radix DLT has launched RCnet v3, a crucial preparatory step for the upcoming Babylon mainnet upgrade. This release follows its predecessor, v2, with a focus on behind-the-scenes improvements aimed at enhancing platform stability. It introduces fresh preview editions of the Radix Wallet alongside RCnet v3-compatible versions of essential developer tools like the Radix dApp Toolkit, […]
ZkPass is an advanced privacy-preserving protocol for private data verification that allows users to securely and selectively validate their data from any HTTPS website. It is the ideal solution whenever trust and privacy are essential. The pre-alpha testnet of zkPass is now open for public testing, allowing users to experience firsthand the power of private […]
Robinhood, a crypto and stock trading platform, has completed a nine-figure buyback of its own shares from the former executives of FTX, including Sam Bankman-Fried and Gary Wang. The purchase was worth $605.7 million and secured 55,273,469 HOOD shares. The company funded the purchase from its balance sheet and the Board of Directors had authorized […]
Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. This integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain. Fireblocks customers will be able […]
Coinbase, the leading US-based crypto exchange, has announced its plans to enter the world of PayPal’s recently introduced stablecoin, PYUSD. Trading is set to begin on August 31, pending liquidity conditions, and will be accompanied by a gradual introduction of PYUSD-USD pairs. Coinbase has labeled this venture as “experimental” due to the asset’s newness and […]
Former SEC chair Jay Clayton believes that the approval of spot Bitcoin exchange-traded funds (ETFs) is inevitable. On Aug. 31, the SEC designated a longer period in which it could review spot BTC ETF applications from major firms such as BlackRock, WisdomTree, VanEck, Invesco Galaxy, Bitwise, Valkyrie and Fidelity. The commission has another 45 days […]
Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. This integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain. Fireblocks customers will be able […]
