BitGo, a crypto custody business, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows BitGo to operate and provide digital payment token services to clients in Singapore while awaiting a full permit.According to the MAS, MPI-licensed firms can conduct payment services without being […]
Turkey’s Minister of Treasury and Finance, Mehmet Şimşek, has unveiled some details of the forthcoming cryptocurrency regulation in the country. The government plans to provide legal definitions to key concepts in cryptocurrency, adhere to the Financial Action Task Force (FATF) standards, and license trading platforms.On January 10, Şimşek confirmed to the Anadolu Agency that the […]
Valkyrie Funds Chief Investment Officer, Steven McClurg, has suggested that the market may soon see Ripple and Ethereum spot exchange-traded funds (ETFs). In an interview with Bloomberg TV, McClurg stated that the addition of XRP to Grayscale’s publicly traded offerings indicates a growing interest in these assets.McClurg also expressed his belief that the US Securities […]
The financial world is abuzz with anticipation as rumors circulate that a spot Bitcoin Exchange-Traded Fund (ETF) is on the brink of approval by the U.S. Securities and Exchange Commission (SEC). This development is seen as a pivotal moment for Bitcoin and the broader crypto market, with potential implications far beyond short-term price momentum.The bullish […]
United States Senators J.D. Vance and Thom Tillis have urged the United States Securities and Exchange Commission (SEC) to provide a detailed report on the recent breach of its X account. The breach, which occurred on January 9th, caused a stir in the markets when the official SEC account on X erroneously announced the approval […]
The cryptocurrency industry has been eagerly awaiting a decision from the U.S. Securities and Exchange Commission (SEC) regarding the first spot-based Bitcoin ETF in the U.S. for the past six months. Shortly after the market closed yesterday, approval was announced on the official Twitter account, only to be deleted minutes later.The verified Twitter account of […]
On January 9, the X account of a federal agency was compromised, leading to a false announcement that spot Bitcoin ETFs had been approved. The following day, X Support confirmed the hack, stating that an unidentified individual had gained control over a phone number associated with the SEC account through a third party. The agency […]
Bitcoin’s market capitalization experienced a significant drop of around $50 billion in the last 24 hours. This drastic change was triggered by a fake approval post of spot exchange-traded funds (ETF) that appeared on the U.S. Securities and Exchange Commission (SEC) official handle. The top cryptocurrency’s market capitalization fell from $938 billion to as low […]
The Indian Apple app store has recently blocked several crypto exchange apps, including Binance, KuCoin, Bitget, Huobi, OKX, Gate, and MEXC. This move comes weeks after the Indian government issued a non-compliance notice against nearly a dozen off-shore crypto exchanges. Consequently, these exchange applications are no longer accessible to new users.The Financial Intelligence Unit (FIU) […]
The much-anticipated approval of the Bitcoin ETF by the Securities and Exchange Commission (SEC) has been deferred, contrary to earlier expectations. This decision follows a potential insider hack of the SEC’s account, which has added to the market’s uncertainty.Before the SEC’s deadline for ETF approval, the SEC’s official Twitter account was hacked, erroneously announcing the […]
