The XRP community has been expressing concerns about the slow growth of XRP to Ripple’s Chief Technology Officer (CTO), David Schwartz. They have proposed solutions such as burning the escrowed XRP tokens to potentially increase the value of the cryptocurrency. In response, Schwartz has provided insights into these suggestions.An XRP community member, known as “GDP.Burn […]
In a surprising development, the cryptocurrency community was thrown into disarray when the official X account of the US Securities and Exchange Commission (SEC), formerly known as Twitter, seemed to be “compromised”. An unauthorized post claimed that the SEC had simultaneously approved all Bitcoin ETF applications.FAKE POST CLAIMS BITCOIN ETF APPROVALSEC Chair Gary Gensler addressed […]
The Financial Industry Regulatory Authority (FINRA), the self-regulatory organization that oversees securities broker-dealers in the United States, has included a section on crypto assets in its 2024 Annual Regulatory Oversight Report for the first time. This report is a tool that member firms can use to inform the development and operation of their compliance programs. […]
A false story recently circulated by multiple news outlets, following a tweet from the official X (formerly Twitter) account of the United States Securities and Exchange Commission (SEC). The tweet falsely claimed that the regulator had approved spot Bitcoin BTC $46,151 exchange-traded funds for the first time.However, in a Jan. 9 X post, SEC chair […]
The Securities and Exchange Commission (SEC) recently made headlines when it was announced that Bitcoin ETFs had been approved for listing on all national securities exchanges in the United States. However, this announcement was quickly debunked as false by SEC chairman Gary Gensler.Gensler clarified that the SEC’s Twitter account had been compromised and an unauthorized […]
The Securities and Exchange Commission (SEC) has given the green light to the United States’ first regulated spot Bitcoin exchange-traded funds (ETF) — a significant development that comes a decade after the first application was received. The approval was announced in a Jan. 9 post on X (formerly Twitter), with SEC chair Gary Gensler stating […]
Jay Claton, the former chairman of the United States Securities and Exchange Commission (SEC), has expressed his belief that the approval of a spot Bitcoin exchange-traded fund (ETF) is inevitable. In an interview with CNBC, Clayton stated that the SEC has no further decisions to make as it is satisfied with the disclosures from ETF […]
It may be an exaggeration to say that bitcoin, currently trading close to $50,000, is a complete disaster. However, the exaggeration isn’t far from the truth. The industry, rather than creating practical tools that could withstand extreme scenarios such as a nuclear holocaust, has repeatedly demonstrated the necessity for regulation of this technology.Major technical failures […]
The U.S. Commodity Futures Trading Commission (CFTC) has raised concerns about the decentralized finance (DeFi) sector, citing ‘serious risks’ due to a lack of accountability. The regulatory body’s report highlights the potential threats that the absence of transparency and accountability in DeFi protocols could pose to consumer and investor protection, financial stability, and market integrity.DeFi, […]
Expectations are high for the United States Securities and Exchange Commission (SEC) to approve the listing of shares of a spot Bitcoin exchange-traded fund (ETF) on exchanges for the first time by Jan. 10. However, the nature of this approval remains uncertain.Despite positive indications, there is no absolute guarantee that the SEC will approve a […]
