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 […]
The crypto market is witnessing a surge in stablecoin inflows, driven by renewed bullish action and the anticipation of a spot Bitcoin exchange-traded fund (ETF) approval in the United States. The influx of Tether USDT and USD Coin USDC into exchanges indicates that traders might be preparing to enter the market based on their spot […]
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 […]
Samson Mow, a prominent Bitcoin advocate and CEO of Jan3, has recently sparked a significant discussion with his extremely bullish prediction for Bitcoin’s future. Mow suggests that Bitcoin could potentially surge to $1 million “basically at any time,” a prediction that aligns with the pending approval of a spot Bitcoin exchange-traded fund (ETF) by the […]
BitPay, a leading crypto payment service provider, has expanded its support to include a wide range of cryptocurrencies. The newly added tokens include Uniswap, Chainlink, BNB, Cronos, and Basic Attention Token, among others. This move signifies a significant expansion in the company’s services.Stephen Pair, CEO of BitPay, stated that these updates and the newly supported […]
In a strategic move to unlock a significant portion of its Ethereum holdings, Celsius has transferred over 40,000 Ethereum, valued at over $90 million, to its major creditors, Coinbase and FalconX, over the past week. Arkham Intelligence reports that Celsius still holds a substantial amount of Ethereum in its Staked ETH account, approximately 59,000 ETH, […]
The number of XRP wallets with balances greater than zero has seen a significant increase of 26% since January 2023, according to a recent update from Santiment. This surge indicates a substantial rise in the number of crypto enthusiasts, investors, and users holding XRP, with the total reaching an impressive 4.95 million. This growth not […]
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 […]
Dogecoin, originally a meme cryptocurrency, has embarked on a literal journey to the moon. The Dogecoin Foundation recently announced a project involving a tangible replica of the DOGE cryptocurrency, which is set to travel aboard the Vulcan Centaur rocket. This project, which includes the Astrobotic Peregrine lunar lander, is part of NASA’s Artemis program and […]
