The Securities and Exchange Commission (SEC) is faced with a difficult decision on how to handle the wave of Bitcoin spot ETF applications after suffering a defeat in court against Grayscale. The agency may choose to rescind prior approval of the nation’s Bitcoin futures ETFs, leaving all Bitcoin ETF options unavailable to U.S. buyers. Joe […]
Cryptoasset businesses in the United Kingdom are now required to withhold certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on September 1. The Financial Conduct Authority introduced the rules targeting virtual asset service providers (VASPs) on August 17, which require them to collect, verify and share information […]
Today, Coinbase announced that PayPal USD (PYUSD) is available for trading on its platform. This move comes after Binance’s decision to cut support for their BUSD stablecoin by 2024 due to regulatory concerns. Both PayPal USD and Binance USD are issued by the same company, Paxos. Coinbase had previously suspended trading for BUSD in March […]
The Securities and Exchange Commission (SEC) has delayed its decision on whether to approve a slew of Bitcoin spot ETF applications for another 45 days. This decision was expected by analysts, and the SEC stated that it needs more time to consider the proposed rule change and the issues raised therein. The decisions for proposed […]
The United States Securities and Exchange Commission (SEC) has delayed an application for a Bitcoin exchange-traded fund (ETF) from global asset manager BlackRock. The asset manager, which has 8.5 trillion of assets on its books, has had its iShares Bitcoin Trust delayed. The ETF was aimed at offering investors access to Bitcoin markets without having […]
The US Securities and Exchange Commission (SEC) has announced a delay in the review process for WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF) application, a move widely anticipated by industry experts. This delay is part of a series of postponements affecting multiple ETF applications, including those submitted by Invesco and Galaxy Digital, and even Valkyrie […]
The XDC Network is currently in the red zone, following the bearish outlook of the broader crypto market. Its price has dropped by 4% in the last 24 hours, and if this trend continues, it could reach the $0.05 mark.Technical indicators suggest that XDC could witness a bullish recovery around the support at $0.059. The […]
Giddy, a company that facilitates straightforward fiat-to-crypto transactions and token swaps, has recently announced its integration with the Ethereum Mainnet. This follows its initial association with the Polygon network, and marks its objective to span multiple blockchain networks. The Ethereum Mainnet support provides many utilities, such as enabling users to engage with a wide spectrum […]
Crypto ATMs are becoming increasingly popular in the United States, despite criticism for illegal or predatory behavior. These ATMs convert Bitcoin and other cryptocurrencies or stablecoins into or out of fiat, and usually charge a fee of 15-16%. The report identified four user groups for crypto ATMs, including cash users, older people, those motivated by […]
The United States Securities and Exchange Commission (SEC) has postponed its decision on WisdomTree’s Bitcoin Trust, which was first filed on December 8, 2021. In response to BlackRock joining the spot Bitcoin ETF race, WisdomTree refiled its application on July 19, 2023. Other institutional giants such as Valkyrie, Fidelity and Invesco have also re-filed their […]
