BitGo, a crypto custodial service provider, has secured in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI). This approval positions BitGo as a leading regulated digital payment token service provider in Asia. Once the full license is granted, BitGo will be able to offer a wide range […]
Apple has taken decisive action by removing the apps of nine major cryptocurrency exchanges, including Binance and Kraken, from its App Store in India. This move comes in the wake of warnings from the Financial Intelligence Unit-India (FIU-IND), a government agency tasked with monitoring financial transactions. The exchanges were accused of failing to comply with […]
Steven McClurg of Valkyrie Investments is forecasting a surge in applications for Ethereum and potentially Ripple, following the approval of the Bitcoin ETF. The crypto community’s interest in a possible XRP ETF has been piqued by Grayscale’s decision to reintegrate Ripple into its Large Cap Digital Fund.With the SEC’s impending approval of the first Bitcoin […]
Cathie Wood’s ARK’s Bitcoin ETF, known as ARK 21Shares, is among the numerous proposals submitted to the US Securities and Exchange Commission (SEC). This product was created in partnership with the Swiss firm 21Shares, a provider of crypto exchange-traded products.ARK21’s deadline today has raised confidence in a potential ETF announcement tonight. This expectation is based […]
Celsius Network, a bankrupt cryptocurrency lending company, has taken a significant step by issuing a filing to the United States Bankruptcy Court. The filing, submitted on Thursday, January 9, is for the settlement of Withdrawal Preference Exposure (WPE) and targets large investors.The company has requested account holders who withdrew $100,000 or more worth of crypto […]
Apple has yet to comment on the removal of cryptocurrency exchange apps from its App Store in India. This comes as Binance South Asia X has noted a significant shift of Indian traders towards global cryptocurrency platforms, seemingly to avoid tax obligations. India introduced a 30% tax on virtual currency profits and a 1% deduction […]
The United States Commodity Futures Trading Commission (CFTC), the body that regulates the U.S. derivatives markets, has released a report outlining its recommendations for mitigating risks associated with decentralized finance (DeFi). The report was compiled by the CFTC’s Digital Assets and Blockchain Technology Subcommittee.While the report acknowledges the “promising opportunities” presented by DeFi, it also […]
Following the likely approval of Bitcoin Spot ETFs, Ripple and Ethereum Spot ETFs could also come to market, according to Valkyrie Funds CIO. XRP, the digital asset of Ripple, is the only one with regulatory clarity from US courts, and its relisting by major exchanges is a significant step. The Ethereum price rallied with the […]
The market reacted with a sell-the-news response following the false news of a spot Bitcoin BTC exchange-traded fund (ETF) approval on January 9. The United States Securities and Exchange Commission’s (SEC) official X account, formerly known as Twitter, was hacked and published a fake news post stating that the regulator had granted multiple Bitcoin ETF […]
Ripple CEO Brad Garlinghouse has criticized social media platforms and regulators for their slow response to a rise in sophisticated XRP-related scams. The company’s frustration is due to a recent deepfake video featuring a highly realistic AI version of Garlinghouse promising airdrops and doubling investors’ XRP holdings.The deepfake video, promoted as an ad on a […]
