Tharman Shanmugaratnam, former chair of the Monetary Authority of Singapore (MAS), has won the election for the city-state’s presidency with more than 70% of the vote. He defeated presidential candidates Ng Kok Song and Tan Kin Lian to become the next president of Singapore and will be sworn into office on Sept. 14. Prior to […]
The hopes for a spot in Bitcoin Exchange Traded Funds (ETF) in the United States were recently given a boost after the United States Court of Appeals for the D.C. Circuit ruled in favor of Grayscale Investment and against the SEC. According to a prediction issued by JPMorgan analysts, the United States Securities and Exchanges […]
The cryptocurrency market is undergoing a shift, with the derivatives market playing a key role in Bitcoin’s price. Futures, options, and perpetual futures are all evolving in tandem with Bitcoin, and a key metric is providing insight into the market’s health. This decrease in leverage could have implications for traders and institutions, as it reflects […]
A large sum of Shiba Inu Tokens (SHIB) valued at millions was transferred from the popular crypto exchange Bitvavo to an unidentified wallet. According to wallet tracker Whale Alert, the total number of SHIB transferred is about 4.6 trillion, valued at roughly $35.7 million.Further examination of the recipient address revealed that the wallet is newly […]
Bybit, a Dubai-based cryptocurrency exchange, has developed TradeGPT, an AI-powered education tool that uses ChatGPT’s large language model and Bybit’s inhouse ToolsGPT to provide real-time market analysis and answers to user questions in a variety of languages. Other exchanges such as Crypto.com, Binance, and OKX have also explored using ChatGPT to give users insights into […]
The Senate Committee on Economics Legislation in Australia has provided feedback to the cryptocurrency bill introduced by senator Andrew Bragg. The committee has asked for minor amendments to the bill, such as removing the term nonfungible tokens (NFTs) from the definition of regulated digital assets and excluding certain asset-based tokens from the definition of stablecoin. […]
Jay Clayton, former Chairman of the US Securities and Exchange Commission (SEC), believes that the regulator will soon approve the launch of a spot Bitcoin exchange-traded fund (ETF). The SEC recently decided to delay the applications of BlackRock and other finance giants who wanted to introduce such a product. Clayton believes that the decision could […]
John E. Deaton, a lawyer, recently shared his insights on the negative impact of the ongoing SEC lawsuit against Ripple on the adoption of XRP. Deaton experienced this first-hand when he attempted to make a payment over the Internet and noticed that the payment processor BitPay, which initially had supported XRP, stopped processing XRP transactions […]
The SEC has been rejecting the simplest products like a Bitcoin ETF, pushing demand for crypto offshore and unregulated players. Richard Gardener, CEO of tech infrastructure firm Modulus, believes futures ETFs have long been seen as more palatable for regulators and that the decision over a spot ETF is a matter of when not if. […]
The digital asset market has experienced a minor cooling-off phase, with outflows totaling roughly US$11.2 million over the week. Despite this, Bitcoin emerged as a beacon with inflows totaling US$3.8 million. CoinShares’ Digital Asset Fund Flows Weekly report also displayed a notable increase in trading volumes, with volumes rising to US$2.8 billion for the week, […]
