Grayscale recently won a legal battle against the U.S. Securities and Exchange Commission (SEC) that could open the door for the digital asset management firm to transform its GBTC fund into a spot Bitcoin ETF. The court ruled that the SEC must reconsider Grayscale’s application, overturning the SEC’s initial denial on grounds that the decision […]
The Securities and Exchange Commission (SEC) has delayed its decision on whether to approve a slew of Bitcoin spot ETF applications for another 45 days. This decision was expected by analysts, and the SEC stated that it needs more time to consider the proposed rule change and the issues raised therein. The decisions for proposed […]
The United States Securities and Exchange Commission (SEC) has delayed an application for a Bitcoin exchange-traded fund (ETF) from global asset manager BlackRock. The asset manager, which has 8.5 trillion of assets on its books, has had its iShares Bitcoin Trust delayed. The ETF was aimed at offering investors access to Bitcoin markets without having […]
The U.S. Securities and Exchange Commission (SEC) has postponed decisions on proposed rule changes related to spot Bitcoin ETFs until October. The decisions on the Cboe BZX Exchange proposals will be delayed until October 17, while the decision on the Valkyrie proposal will be delayed until October 19.The latest round of proposed rule changes is […]
The US Securities and Exchange Commission (SEC) has announced a delay in the review process for WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF) application, a move widely anticipated by industry experts. This delay is part of a series of postponements affecting multiple ETF applications, including those submitted by Invesco and Galaxy Digital, and even Valkyrie […]
Robinhood, a US-based investing and trading platform giant, has been identified as the owner of the fifth largest Ethereum (ETH) wallet address. Data from Arkham Intelligence shows that the company’s cold wallet address holds 1,493,000 ETH worth $2.54 billion. This makes Robinhood the fifth largest holder of the token behind major crypto exchanges Kraken and […]
Coinbase announced on Aug. 30 that it will soon add support for PayPal’s stablecoin, PYUSD, on the Ethereum network as an ERC-20 token. Trading is expected to begin on or after 9:00 AM PST on Aug. 31, assuming liquidity conditions are met. PYUSD was initially launched by PayPal on Aug. 7 and is now supported […]
Coinbase announced on Aug. 30 that it will soon add support for PayPal’s stablecoin, PYUSD, on the Ethereum network as an ERC-20 token. Trading is expected to begin on or after 9:00 AM PST on Aug. 31, assuming liquidity conditions are met. PYUSD was initially announced by PayPal on Aug. 7 and has since been […]
Crypto ATMs are becoming increasingly popular in the United States, despite criticism for illegal or predatory behavior. These ATMs convert Bitcoin and other cryptocurrencies or stablecoins into or out of fiat, and usually charge a fee of 15-16%. The report identified four user groups for crypto ATMs, including cash users, older people, those motivated by […]
The United States Securities and Exchange Commission (SEC) has postponed its decision on WisdomTree’s Bitcoin Trust, which was first filed on December 8, 2021. In response to BlackRock joining the spot Bitcoin ETF race, WisdomTree refiled its application on July 19, 2023. Other institutional giants such as Valkyrie, Fidelity and Invesco have also re-filed their […]
