Industry Talk Archives - Page 2 of 11

Industry Talk

Fidelity’s Staking-Enhanced Ethereum ETF: A Game Changer?

Fidelity has submitted a proposal to the US Securities and Exchange Commission (SEC) asking for permission to incorporate staking rewards into its Ethereum exchange-traded fund (ETF) in a daring attempt to completely transform the cryptocurrency investment landscape. By attempting to enter the growing Ethereum staking industry, this novel strategy can provide investors with higher returns […]

Industry Talk

Hoskinson Clears Up Cardano FUD

Charles Hoskinson, the creator of Cardano, has stepped forward to address concerns in light of the developing culture of Fear, Uncertainty, and Doubt (FUD) inside the Cardano community. This action is primarily related to the April 2021 announcement of Cardano and World Mobile’s collaboration. Hoskinson’s involvement tries to dispel myths and restate the goals of […]

Industry Talk

Crypto Mixer Sentenced for $400M Laundering Scheme

Roman Sterlingov, the creator of Bitcoin Fog, was found guilty in a historic case by a federal court in Washington for his part in helping to launder more than $400 million. The money, mostly from darknet markets, was hidden by the Bitcoin mixing service and, therefore, practically untraceable. This verdict serves as a reminder of […]

Industry Talk

Thailand’s SEC Greenlights Crypto ETFs

A judgement by the Thailand Securities and Exchange Commission (SEC) is expected to significantly alter the cryptocurrency market. The SEC has made the audacious decision to allow high-net-worth individuals and institutional investors to trade bitcoin exchange-traded funds (ETFs). This significant regulatory shift represents Thailand’s forward-thinking strategy to incorporate cryptocurrencies into its financial ecosystem. It creates […]

Industry Talk

Arbitrum DAO’s Withdrawal from Tornado Cash Legal Defense Funding

Leading participant in the decentralised finance (DeFi) space, Arbitrum DAO, has withdrawn its offer to support Roman Storm and Alexey Pertsev, the developers of Tornado Cash, in their legal defence. The original plan called for setting aside about $1.3 million in ARB tokens from the community wallet to pay for the creators of the cryptocurrency […]

Industry Talk

Bitstamp’s Milestone in Singapore: A Leap Towards Expanding Digital Asset Services

The leading cryptocurrency exchange in Europe, Bitstamp, just reached a noteworthy milestone in Singapore. The exchange’s application for a licence to offer digital asset services in the city-state has been approved in principle. Bitstamp is now able to provide its services to clients in Singapore and a few other Southeast Asian nations thanks to the […]

Industry Talk

BRICS Forge Ahead with Digital Currency System

Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, also known as the BRICS countries, have unveiled a ground-breaking plan to transform their financial networks. They intend to use blockchain technology and digital currencies to develop a stand-alone payment system in a daring step towards de-dollarisation. This represents a dramatic […]

Industry Talk

Kraken’s Strategic Move to Institutional Services

Leading cryptocurrency exchange, Kraken has announced that Kraken Institutional will start on February 27, 2024. This new business aims to gain a substantial presence in the Bitcoin exchange-traded fund (ETF) market by offering institutional clients specialised services. For customers outside of the US, Kraken Institutional will provide a range of services, such as spot and […]

Industry Talk

The Mysterious Shutdown of BitForex

Users of the Hong Kong-based Bitcoin exchange BitForex are left feeling uncertain and concerned after the unexpected shutdown of the exchange. Fears of a possible exit fraud were raised by the abrupt shutdown on February 23, which resulted in the exchange going silent on all official communication channels. The Sudden Shutdown of BitForex On February […]

Industry Talk

Grayscale’s Bitcoin ETF Sees Record Low Outflows Amid Market Shifts

Withdrawals from Grayscale’s Bitcoin Trust (GBTC) have fallen to an all-time low, signalling a significant change in the financial landscape. This development represents a central turning point in the history of GBTC, which has seen erratic withdrawal levels. According to the most recent data from BitMEX Research, on February 23, GBTC saw a total of […]

Industry Talk

Ripple CEO Anticipates Positive Impact of Potential XRP ETF

The CEO of Ripple, Brad Garlinghouse, talked about the potential for BlackRock to introduce an exchange-traded fund (ETF) for XRP in a recent interview with Bloomberg. The possibility of comparable ETFs for other cryptocurrencies, such as XRP, is becoming increasingly apparent with the US regulator’s approval of the first crypto spot ETF for Bitcoin. Garlinghouse […]

Industry Talk

Ripple’s Recent 60 Million XRP Transfer: Analysing Market Impact and Speculations

In a recent occurrence in the cryptocurrency space, 60 million XRP, or roughly $34 million, were transferred by Ripple to an unidentified wallet, garnering significant attention in the industry. The XRP community is anxious due to this decision, and many wonder if Ripple would dump tokens on the market. The deal’s ramifications for XRP’s market […]

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