While Bitcoin exchange-traded fund (ETF) applications are still under review by the US Securities and Exchange Commission (SEC), executives from asset management firms are speculating about the potential launch of spot ETFs for other major cryptocurrencies, including XRP and Ethereum (ETH). However, the classification of XRP and Ethereum as securities presents regulatory challenges and potential […]
Digital Currency Group (DCG) has reportedly repaid its entire debt to the bankrupt cryptocurrency lender Genesis. However, an ad hoc group of Genesis creditors has disputed this claim in court papers filed in the Southern District of New York Bankruptcy Court. They argue that DCG still has a substantial debt remaining, with unpaid interest and […]
The Monetary Authority of Singapore (MAS) has issued a warning against the cryptocurrency wallet firm imToken, placing it on its Investor Alert List. The central bank has cautioned crypto enthusiasts about engaging with the non-custodial service due to the absence of a financial business license, despite the company being headquartered in Singapore.ImToken responded to the […]
In a recent development, Bitcoin Exchange-Traded Funds (ETFs) could potentially witness up to $100 billion in inflows, provided the Securities and Exchange Commission (SEC) gives its approval. This prediction comes from analysts at Standard Chartered, Galaxy, and Corestone.These experts further anticipate that a spot Bitcoin ETF could attract over $1 billion in inflows within the […]
The crypto community is on tenterhooks as it awaits the SEC’s decision on Spot Bitcoin ETFs. The anticipation has sparked a fierce competition among ETF providers, with many slashing their proposed management fees in a bid to attract investors. Invesco, Valkyrie, and WisdomTree are among the providers who have reduced their fees, with Invesco dropping […]
The US Blockchain Association has recently addressed a letter from Senator Elizabeth Warren regarding the involvement of former national security officials in the digital asset industry. The Association, a leading nonprofit organization representing over 100 member companies in the United States, underscored the importance of blockchain technology in strengthening anti-money laundering and counter-terrorism efforts.Senator Warren […]
The US Blockchain Association has recently addressed a letter from Senator Elizabeth Warren regarding the involvement of former national security officials in the digital asset industry. The Association, a leading nonprofit organization representing over 100 member companies in the United States, underscored the importance of blockchain technology in strengthening anti-money laundering and counter-terrorism efforts.Senator Warren […]
In a rapidly changing regulatory environment, financial giants BlackRock and VanEck have quickly revised their bitcoin ETF filings. This move comes in response to feedback from the U.S. Securities and Exchange Commission (SEC), highlighting the regulatory body’s agility and proactive engagement. The SEC’s imminent decisions are expected to shape the industry significantly.BlackRock and VanEck are […]
Pro-XRP legal expert Fred Rispoli has shared his insights on the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple. He noted the surprising quietness in the case, especially as the deadline for the completion of damages-related discovery, scheduled for February 12, approaches. Despite the previously hostile nature of the legal battle, […]
The cryptocurrency industry is on the edge of a significant decision as the U.S. Securities and Exchange Commission (SEC) is set to decide on the approval of the first Bitcoin Exchange Traded Fund (ETF) on January 10. The approval is seen by many observers as a mere formality, and the anticipation has driven Bitcoin’s price […]
