Following the SEC’s approval in January 2024, institutional investors and US states have shown an increased interest in the Bitcoin ETF market. Wisconsin’s investment board has made a substantial investment by purchasing $98.6 million in BlackRock’s iShares Bitcoin Trust ETF shares. This significant investment represents an increasing trend among states looking at Bitcoin ETFs. Representative […]
Coinbase Chief Legal Officer (CLO) Paul Grewal harshly criticised the United States Securities and Exchange Commission (SEC) following its recent statement in the Debt Box case. Grewal questioned the SEC’s procedural adherence and urged significant sector companies, including Ripple, Robinhood, Binance, and others, to review their contracts with the regulator. He emphasised that Coinbase, like […]
In a recent episode of the World Class podcast, Ripple CEO Brad Garlinghouse expressed concern over the US government’s activities against stablecoin issuer Tether. He expressed certainty that the cryptocurrency market is about to experience another considerable upheaval, similar to previous market shake-ups like as the FTX collapse. This statement from Garlinghouse reflects rising concern […]
Following eleven weeks of persistent outflows, the Grayscale Bitcoin Trust ETF (GBTC) has reversed its fortunes, attracting a significant $63 million inflows. This is a watershed moment for GBTC, which has faced stiff competition from newer spot Bitcoin ETFs. The inflow is a rare positive shift in investor sentiment and capital movement, offering a significant […]
The US Securities and Exchange Commission (SEC) recently issued a procedural “Wells notice” to Robinhood Markets, indicating that the company may face enforcement action for its cryptocurrency trading activity. This notification, sent on May 4, does not imply any misconduct by Robinhood but indicates the SEC’s willingness to pursue legal action potentially. This incident adds […]
Recent remarks by Richard Byworth, Managing Partner at SyzCapital, have ignited social media discussions concerning the prospective accessibility of Bitcoin ETFs, now listed in Hong Kong, to mainland Chinese investors. Byworth’s tweet alluded to discussions on including these ETFs in the Stock Connect system, which may significantly expand investment opportunities for mainland Chinese capital into […]
Ripple Labs has teamed up with Hashkey DX, a significant participant in the fintech market in Japan. Japanese markets will be exposed to enterprise solutions powered by the XRP Ledger (XRPL) through this strategic partnership. Hashkey DX and Ripple stated that the partnership seeks to provide Japanese businesses with cutting-edge financial tools powered by blockchain […]
Announcing a cooperation with HashKey DX to deliver XRPL blockchain solutions for supply chain financing, Ripple has started a new initiative in Japan. SBI Group will be the first Japanese business to use XRPL’s cutting-edge platform through this partnership. Through the agreement, the Japanese supply chain and financial sectors hope to increase speed, cut costs, […]
Australia is poised for a meaningful financial transformation as exchange-traded funds (ETFs) backed by Bitcoin are expected to be approved by the end of 2024. As a result of the successful launch of comparable financial products in the US and Hong Kong, Australian financial institutions and market authorities are prepared to embrace this new source […]
The U.S. Securities and Exchange Commission (SEC) has opened a public consultation period about BlackRock’s updated proposal for an Ethereum exchange-traded fund (ETF) with spot prices. With this new plan, the paradigm of cash transactions replaces the direct Ethereum exchange, which is a significant departure from the old structure. This modification aims to bring the […]
The U.S. Securities and Exchange Commission (SEC) is facing internal discord and public scrutiny in an unexpected turn of events. This comes after the agency was severely sanctioned by a federal judge, which led to the departure of two well-known solicitors, Michael Welsh and Joseph Watkins. The SEC was accused of making false claims and […]
A significant financial boost for Bitcoin miners has resulted from the recent halving of Bitcoin and the concurrent creation of Casey Rodarmor’s Runes protocol. Network activity has surged dramatically thanks to the Runes protocol, which improves Bitcoin’s functionality by permitting the creation of digital tokens like those on Ethereum’s network. Record transaction fees have resulted […]