Grayscale Investments recently won a landmark victory over the US Securities and Exchange Commission, which could be a huge turnaround for the entire crypto industry. The SEC had previously rejected the firm’s request to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin offering. A three-judge panel agreed that the denial of Grayscale’s proposal […]
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on multiple pending Bitcoin ETF applications, including those from major investment firms such as WisdomTree, BlackRock, Fidelity, VanEck, and Invesco Galaxy. Following the announcement, Bitcoin’s market value experienced a 5% decline, tumbling down to $26,100.The delay comes in the wake of Grayscale’s […]
Trust Machines, a company building the largest ecosystem of Bitcoin applications, has launched its flagship wallet brand, Leather. Leather is a Bitcoin wallet with the mission of driving the global transition to a digital economy built on Bitcoin. The wallet supports Stacks L2 functionality, Bitcoin Ordinals, and other Bitcoin-secured assets. Leather provides users with the […]
Ripple, the tech firm behind XRP, is now on a talent hunt for a Senior Specialist in Global Know Your Customer Due Diligence. This new hire will join Ripple’s Global Anti-Money Laundering & Sanctions Compliance team to perform due diligence and mitigate reputational, regulatory, and sanction risks associated with the company’s institutional clients, corporate partners, […]
Salesforce Inc (NASDAQ: CRM) reported strong results in its second-quarter earnings call, with adjusted earnings of $2.12 per share and overall revenue of $8.60 billion. This marks an 11% rise in revenue in the fiscal second quarter compared to the previous year. The company’s stocks spiked around 7%, taking the salesforce share price above the […]
The Securities and Exchange Commission (SEC) is faced with a difficult decision on how to handle the wave of Bitcoin spot ETF applications after suffering a defeat in court against Grayscale. The agency may choose to rescind prior approval of the nation’s Bitcoin futures ETFs, leaving all Bitcoin ETF options unavailable to U.S. buyers. Joe […]
Bitcoin’s price has dropped nearly 5% in the last 24 hours, falling from around $27,300 to around $26,000, after the US Securities and Exchange Commission (SEC) delayed seven pending spot Bitcoin ETF applications. The SEC’s delay allows it another 45 days to approve, deny or again delay the applications, with the next decision deadlines between […]
Today, Coinbase announced that PayPal USD (PYUSD) is available for trading on its platform. This move comes after Binance’s decision to cut support for their BUSD stablecoin by 2024 due to regulatory concerns. Both PayPal USD and Binance USD are issued by the same company, Paxos. Coinbase had previously suspended trading for BUSD in March […]
Analytics firm Santiment has found that crypto whales purchased Bitcoin (BTC) in the day leading up to Grayscale’s court victory over the U.S. Securities and Exchange Commission (SEC). Santiment suggests that certain whale and shark addresses “may have known a thing or two” about the win before it was announced, noting that wallets holding between […]
The SEC has delayed its decision on seven Bitcoin ETF proposals, including those from industry giants such as BlackRock, Fidelity, Bitwise, VanEck, Valkyrie, Invesco & Galaxy, and WisdomTree. This 45-day delay adds to the long list of setbacks for institutions aiming to secure approval for a Bitcoin ETF, as the SEC has previously cited concerns […]
