Ripple’s XRP has achieved a significant milestone, with the number of its wallets surpassing the 5 million mark. This notable increase, which has been observed throughout 2023, indicates a growing user base and wider adoption of the asset, potentially boosting investor confidence. The start of the previous year saw the figure at approximately 4 million.This […]
The financial sector is filled with anticipation as key players in the Bitcoin ETF saga are in the final stages of the Securities and Exchange Commission’s (SEC) rigorous review process. January 11th is a significant date, marking the potential announcement of the regulatory body’s decision on these highly sought-after financial instruments.Despite the rumors of impending […]
Binance USD (BUSD) has fallen out of the top five stablecoins by market capitalization after its circulating supply dropped below 1 billion, the lowest since December 2020. The circulating supply of BUSD now stands at 927 million tokens, a dramatic 96% decrease from its peak supply of 23.45 billion. This drop has also significantly affected […]
A potentially historic week for Bitcoin is about to commence, with the possible approval of spot Bitcoin exchange-traded funds (ETF). Issuers are expected to finalize their S-1 amendments on Monday. Asset managers are anticipated to amend their spot Bitcoin ETF filings by 8:00 am ET, or 01:00 pm UTC, on Jan. 8. This follows the […]
The United States Securities and Exchange Commission (SEC) has reiterated its warning about the dangers of fear of missing out (FOMO) investing, advising investors to tread carefully. This cautionary advice comes just before the commission’s announcement on the approval of pending spot Bitcoin ETFs.The SEC’s Office of Investor Education and Advocacy issued the warning, which […]
BlackRock, the world’s largest asset manager, is anticipating the approval of its spot Bitcoin ETF application by the United States Securities and Exchange Commission (SEC) as early as Wednesday. This comes as the SEC, stock exchanges, and investment management firms convened on Friday to discuss last-minute wording changes on ETF filings.BlackRock is not alone in […]
The global financial industry is currently experiencing a significant transformation with the introduction of ISO 20022, an international protocol set to replace the aging SWIFT system. This protocol offers a secure and standardized way for financial organizations to exchange messages, aiming to revolutionize global payments.Cryptocurrencies such as Ripple (XRP), Hedera (HBAR), and Stellar (XLM) are […]
Honduras’ Prospera Economic Zone, situated on Roatan Island, has officially recognized Bitcoin as a unit of account. This significant move acknowledges Bitcoin’s role in various commercial, fiscal, and financial transactions. The announcement was made by Jorge Colindres, the acting manager and Tax Commissioner of the zone, who provided details on the criteria that legal entities […]
The attractiveness of cryptocurrencies for investment purposes could be affected by changes in tax laws. At the same time, the number of coins that Spot-Bitcoin-ETFs would need to hold to be profitable could make them attractive targets for cybercriminals. Bitcoin and other cryptocurrencies rely on digital keys and internet-based storage and transmission. Major security breaches […]
The United States Securities and Exchange Commission (SEC) has reiterated its cautionary stance on FOMO crypto investing, just days before the expected approval of spot Bitcoin exchange-traded funds. The SEC’s Office of Investor Education posted a warning on X (formerly Twitter) on January 6, highlighting the risks associated with digital assets such as meme stocks, […]
