Próspera, a special economic zone in Roatan, Honduras, has officially recognized Bitcoin as a unit of account less than two years after adopting it as legal tender. This means Bitcoin can now be used to measure the market value of goods and services in the area. The initiative was led by Jorge Colindres, the acting […]
As the approval of a Bitcoin spot ETF becomes increasingly likely, the focus is shifting from the excitement of the potential approval to the fundamental aspects of these ETFs, such as on-chain trading transparency and management fees. These factors could play a significant role in determining which ETF issuer comes out on top.Insiders have indicated […]
Cardano’s ADA has had a challenging start to 2024, with a 10% drop in value due to regulatory uncertainty. The volatile nature of the cryptocurrency market presents both challenges and opportunities for ADA, making it crucial for potential investors to conduct thorough research before investing.The beginning of 2024 saw ADA’s value drop by almost 10% […]
Digital Currency Group (DCG), a venture capital firm, has successfully made a $700 million payment to its subsidiary, Genesis Global Capital (GGC). This payment settles short-term loans from the now-insolvent crypto lending platform. The settlement comes four months after Genesis initiated a lawsuit against DCG and an affiliate over the repayment of overdue loans.DCG announced […]
The financial community is on edge as it awaits the SEC’s decision on Bitcoin ETF filings. This has sparked speculation about the potential market impacts. The concept of “buy the rumor, sell the news” is being considered by analysts and market players. This refers to the phenomenon where asset prices rise ahead of anticipated events, […]
In response to new regulations imposed by the UK government, several crypto exchanges are taking necessary steps to comply. The regulations, part of the Financial Services and Markets Act, now include firms dealing with crypto and stablecoins, holding them to the same regulatory standards as traditional financial services.For Coinbase’s UK users, compliance means disclosing their […]
The crypto industry is on tenterhooks as it awaits the SEC’s decision on Bitcoin ETFs. Asset management firm VanEck has pledged to donate 5% of the profits from its spot Bitcoin ETF (if approved) to support core Bitcoin developers. Valkyrie’s filing for securities registration of its Spot Bitcoin ETF with the SEC has sparked anticipation […]
Renowned Bloomberg ETF analyst Eric Balchunas has reduced the likelihood of the US Securities and Exchange Commission (SEC) rejecting the launch of the Bitcoin spot ETF to a mere 5%. This updated prediction comes as crypto enthusiasts globally await the SEC’s broad approval of several Bitcoin spot ETF proposals on Wednesday, January 10.In October, Eric […]
The Digital Currency Group (DCG) has successfully paid off all short-term loans from its bankrupt subsidiary Genesis, as officially announced on January 6th. Over the past year, DCG has cleared more than $1 billion of debt to various creditors, with nearly $700 million directed towards Genesis, thereby fulfilling all its current obligations.Barry Silbert, the founder […]
In a significant development, Kyrgyzstan has seen a surge in its crypto mining tax revenue, which now stands at $900K. This is a significant increase from the $133,200 collected during the same period in 2022. In the United States, a new IRS mandate requires anyone receiving $10,000 or more in crypto as part of their […]
