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Cryptocurrency News

PayPal Set to Expand PYUSD Stablecoin to Solana

PayPal has made a major move into the cryptocurrency space by releasing the PYUSD stablecoin on the Solana blockchain. This is PayPal’s first venture outside of Ethereum, with the goal of capitalising on Solana’s well-known rapid transaction speeds and low prices. The integration promises increased efficiency, making PYUSD transactions faster and more cost-effective, giving users […]

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The Sandbox DAO & Community Governance

The Sandbox, a decentralised gaming platform, has made a massive step towards community empowerment by launching The Sandbox DAO. This decentralised autonomous organisation (DAO) seeks to give the game’s users, who own its native currency, SAND, and LAND non-fungible tokens (NFTs), the capacity to influence platform development and management. By allowing users to vote on […]

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Nomura and GMO Join Forces with Laser Digital to Pioneer Stablecoin Issuance in Japan

Nomura, one of Japan’s largest banks, and its digital asset unit, Laser Digital, have partnered strategically with GMO Internet Group to explore stablecoin issuance in Japan. The alliance intends to make creating, redeeming, and circulating stablecoins in Japanese yen and US dollars easier. The alliance will provide “stablecoin-as-a-service” products to assist businesses with regulatory compliance, […]

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UK Approves First Physical Bitcoin and Ethereum ETFs

The UK Financial Conduct Authority (FCA) has approved the country’s first physically-backed Bitcoin and Ethereum exchange-traded funds (ETFs). WisdomTree has been awarded the regulatory green light to list its products—WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum—on the London Stock Exchange. These ETFs are already available on exchanges such as Deutsche Börse Xetra, Swiss Exchange SIX, […]

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Genesis Crypto Lender Reaches $2 Billion Settlement

Genesis Global, an insolvent cryptocurrency lender, has reached a landmark $2 billion settlement with the New York Attorney General. This historic settlement seeks to reimburse investors duped by the Gemini Earn programme, benefiting at least 29,000 New Yorkers who lost more than $1.1 billion. Attorney General Letitia James underlined the importance of this settlement as […]

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CME’s Rumoured Spot Bitcoin Plans Impact Coinbase Shares

Rumours that the Chicago Mercantile Exchange (CME) plans to offer spot Bitcoin trading to its clients have substantially impacted Coinbase’s share price. The CME, a global leader in derivatives trading and clearing, is responding to traders’ requests for a regulated platform to trade Bitcoin. Following the announcement, Coinbase shares plunged roughly 8%, indicating market fears […]

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Wisconsin’s $99M Bet on BlackRock’s Bitcoin ETF

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 […]

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Coinbase CLO Calls Out SEC’s Handling of Crypto Cases

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 […]

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US Targets Tether: Ripple CEO Predicts Crypto Market Turbulence

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 […]

Cryptocurrency News

Grayscale Bitcoin Trust ETF’s Turnaround: $63M Inflow Ends 11-Week Decline

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 […]

Cryptocurrency News

Robinhood’s SEC Challenge Over Crypto Trading

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 […]

Cryptocurrency News

Potential Expansion of Hong Kong’s Bitcoin ETFs

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 […]

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