The outcome of the race for a regular Bitcoin ETF may be determined in early 2024, and if it happens, the price of Bitcoin could soar. In the ongoing discussion about the regular Bitcoin ETF, Bloomberg Analyst James Seyffart pointed out that the recent court decision against the SEC in the Grayscale case is a…
A leaked excerpt from Elon Musk’s upcoming biography unveils his active role in Dogecoin development, indicating more than mere social media advocacy. Additionally, since acquiring Twitter, which has been rebranded as X, Musk has been steering the platform toward his original vision, which involves introducing a revenue-sharing system. This insider information sheds light on Musk’s…
Tether, a type of digital money, now owns a lot of US Treasury Bills. In fact, they own more than some countries like the United Arab Emirates, Mexico, Australia, and Spain. This means they are in the 22nd place when it comes to owning these US Treasury Bills. Tether, the company behind a big stablecoin…
Tokens like LUNC, LUNA, and USTC in the Terra ecosystem are seeing a lot of trading happening. This is because some important proposals got approved, and there was a big upgrade to the core system called v2.2.1. The Terra Luna Classic community is deciding whether to make a big change to their blockchain with an…
India’s Finance Minister Nirmala Sitharaman has said that discussions are happening among G20 countries to create worldwide rules for regulating cryptocurrencies. G20 countries, including India, have decided that dealing with cryptocurrencies needs cooperation worldwide. They are talking about making rules for cryptocurrencies together. India’s Finance Minister confirmed this during an event on Tuesday. Global Discussions…
Regulated financial exchanges are discussing how to leverage the growing interest in cryptocurrencies, but a third of respondents in a recent survey have no plans to offer crypto assets. Exchanges express concerns about the lack of uniform regulatory standards, market volatility, and potential cybersecurity risks associated with cryptocurrencies, according to a report from the World…
Paul Grewal, Coinbase’s Chief Legal Officer, stated in a recent tweet, “Dollar-backed Stablecoins are here whether you like it or not,” underscoring the regulatory dilemma in the U.S. Should stablecoins be regulated or allowed to operate freely and risk moving overseas? The entire stablecoin market, valued at less than $0.2 trillion, is a small fraction…
John Deaton, a managing partner at a law firm specializing in cryptocurrencies, expressed concern about how the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has negatively impacted the adoption of XRP. Notably, this lawsuit has prevented the integration of XRP as a payment option on Amazon Pay, a…
Billionaire entrepreneur and CEO of Tesla and SpaceX, Elon Musk, is set to release his biography on September 12, as shared in a recent Twitter post by Wu Blockchain. The book, authored by renowned writer Walter Isaacson, explores Musk’s impact on the meme coin originally created as a joke. Unveiling Musk’s Support for Dogecoin: The…
The South Korean government is preparing to introduce a bill aimed at monitoring and freezing North Korean cryptocurrency and virtual assets used to finance illicit weapons programs, according to multiple government sources. An earlier version of this bill was initially announced by the National Intelligence Service (NIS) in November but was sent back for further…
Changchun Mu, Director of the Digital Currency Research Institute of the People’s Bank of China, announced on Sept. 3 that the digital yuan, China’s central bank digital currency (CBDC), should become an integral part of all online retail payment options. This move comes as the digital yuan undergoes technological and business model upgrades. Mu emphasized…
Binance’s recent decision to discontinue support for its Binance US Dollar (BUSD) products has paved the way for the introduction of a new stablecoin, First Digital USD (FDUSD), signifying significant changes within the Binance ecosystem. As BUSD phases out, FDUSD steps into the spotlight, aiming to assume the stablecoin functions on the Binance network. The…
India’s digital currency exchange, CoinSwitch, is cutting its workforce by 8% as it explores ways to adapt to current market conditions. The job cuts primarily affected employees in customer support roles, where the exchange saw redundancy. A total of 44 individuals were affected, and CoinSwitch claims that these employees voluntarily resigned after discussions with management….
A recent report from CCData tells us that the stablecoin industry, which acts as a bridge between regular money and cryptocurrencies, has faced a decline in its total value. The report also mentions that Tether, the main company behind stablecoins, has lost some of its share to competitors. In August, all stablecoins combined were worth…
Ripple’s NYC event on September 29 has sparked two major rumors: an IPO announcement or an SEC settlement. These potential developments could reshape Ripple and XRP’s future, making this date highly significant for both. It could serve as a pivotal moment, impacting XRP’s market performance. Cryptocurrency circles thrive on rumors, and Ripple’s upcoming NYC event…
Polygon (MATIC), a significant cryptocurrency, has faced a tough time recently, falling below $0.60. It’s currently at $0.540840, down 1.4% in the last day and 0.6% in the past week. The whole crypto market is uncertain, with Bitcoin also experiencing price changes. Experts think Bitcoin might stabilize for a bit before deciding where it’s heading….
We’re thrilled to announce the launch of the OPX NFT marketplace, a significant step in changing digital ownership and boosting creativity. This platform, built on the XRP Ledger network, aims to empower artists and creators globally using blockchain technology and non-fungible tokens (NFTs). The OPX NFT marketplace stands out by utilizing the XRP Ledger’s speed,…
Just like how Satoshi Nakamoto’s identity remains a mystery in the world of Bitcoin, the founder of Shiba Inu (SHIB), known as Ryoshi, has also piqued the curiosity of the crypto community since the cryptocurrency’s launch. There are numerous theories circulating on the internet, some with solid evidence, and now a new one is gaining…
In an important update, Binance’s 13th round of the LUNC burn process resulted in the destruction of 795.98 million Terra Classic tokens. This marks the first instance where the amount burned has dropped below one billion tokens. Binance, the biggest crypto exchange globally, just completed a transaction that burned 795.98 million LUNC tokens. This burn…
In a striking show of its crypto expertise, Robinhood has become a big player in the Shiba Inu world by holding a whopping 34 trillion SHIB tokens. This achievement firmly establishes Robinhood as one of the biggest SHIB token holders. Furthermore, Robinhood is also the fifth-largest custodian of Ethereum (ETH), and it possesses a substantial…
The Monetary Authority of Singapore has introduced its Stablecoin Regulatory Framework, receiving significant international attention and reinforcing Singapore’s status as a blockchain industry leader. Singapore will host the first Stablecoin Summit at Raffles Hotel Singapore on September 15, 2023. Organized by XREX and the Unitas Foundation, this groundbreaking event explores the transformative potential of stablecoins…
Today, the cryptocurrency market isn’t looking very positive, as several significant coins like Bitcoin, Pepe Coin, and XRP are experiencing price declines. Today, the overall mood in the cryptocurrency market is pessimistic. Many are hoping for a boost from the approval of a spot Bitcoin ETF, but the decision by the SEC has been delayed….
Binance Destroys 796 Million Terra Luna Classic (LUNC) Tokens in 13th Burn, First Time Below 1 Billion. The biggest crypto exchange, Binance, has destroyed 796 million Terra Classic (LUNC) tokens in the 13th burn event. Binance has now burned almost 37 billion LUNC tokens in total, while the community has burned over 74 billion. Traders…
A total of 55 million shares of Robinhood, represented by the ticker symbol “HOOD,” were in the possession of Sam Bankman-Fried and Gary Wang. They held these shares through their company Emergent Fidelity Technologies. Robinhood, a popular trading platform known by the ticker symbol “HOOD,” has reached an agreement with the United States Marshal Service…
Terra Luna Classic community proposes a debit card to increase the utility of LUNC tokens. The Terra Luna Classic (LUNC) community is proposing a debit card that would allow people to use their LUNC tokens to make everyday purchases. The proposal has received a lot of support, with over 96% of voters in favor. If…
Swift and Chainlink successfully completed a project to facilitate tokenized value transfers between different blockchains. The project involved a consortium of leading financial institutions and used Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The success of the project is a significant step towards improving the efficiency and scalability of tokenized asset markets on a global scale. Swift’s…
The SEC might counter Grayscale’s success in the spot Bitcoin ETF with alternative arguments for rejection, possibly focusing on concerns about the spot Bitcoin market. This could impact Bitcoin’s price due to macroeconomic data releases and anticipation of the SEC’s response to the panel’s decision. The prices of cryptocurrencies like Bitcoin, Ethereum, and other top…
At Intersekt23 in Melbourne, legal expert Jeremy McLaughlin discussed the US digital asset scene and hinted at a potential revival. Recent court decisions have drastically changed the regulatory landscape. SEC’s Hold Weakens, Promising Future for US Crypto McLaughlin’s analysis helps us understand a bunch of fights in the court that have not been good for…
A popular crypto exchange called Binance has said it won’t support its BUSD stablecoin anymore. They’re doing this because they’re facing more rules from regulators, especially in the US, after some issues involving FTX and Alameda Research last year. Because of this change, Binance is telling people who have BUSD to change it into other…
Polygon’s main token, MATIC, is evolving into POL, a next-gen token that offers advanced features including multi-chain staking without the usual risks. The shift from MATIC to POL will be easy for current stakers through a streamlined “1/2 click upgrade.” This is part of Polygon 2.0, which aims to broaden the ecosystem with an interconnected…
Robinhood Wallet, a well-liked Web3 wallet, has added new things because more people are using it. People asked for it, so now Robinhood Wallet lets users hold, send, and get Bitcoin and Dogecoin. Also, they made it possible to swap Ethereum tokens within the app. Some users can now swap over 200 different tokens on…
Judge Amy Jackson has agreed that attorney Andrew Rhys Davies can represent BinanceUS. This comes after the US SEC filed something secretly. In the ongoing lawsuit between the SEC and Binance, Binance.US, and CEO Changpeng “CZ” Zhao, a judge has said that a new lawyer can work for BinanceUS. At the same time, the SEC…
Vivek Ramaswamy, who wants to be the Republican Presidential candidate, said that the court’s decision about Grayscale makes it easier for more new and creative things to happen with Bitcoin. Grayscale, the company that won against the US SEC on Tuesday, has made people, including those running for the US Presidential Election in 2024, talk…
Coinbase CEO Brian Armstrong is optimistic about on-chain ads, on-chain games, Layer 2 privacy, and P2P exchange on-chain. He shared his views before the upcoming Coinbase Ventures Summit in October 2023. Brian Armstrong leads the biggest crypto exchange in the US. He recently talked about what interests him most in the crypto world. He’s the…
The US Securities and Exchange Commission (SEC), which was challenged by Grayscale’s legal victory, is set to decide on the first of seven applications for spot Bitcoin ETFs on Thursday. The SEC has been cautious due to concerns about potential Bitcoin market manipulation. Bitwise’s decision is due on Sept. 1, followed by BlackRock, Fidelity, Invesco,…
On August 30th, various noteworthy crypto tweets captured the industry’s pulse: Bitcoin’s exchange supply witnessed a notable surge just prior to Grayscale’s legal victory. DCG (Digital Currency Group) stated that it has secured a preliminary agreement on its debt. The approval of ETFs could unlock opportunities for everyday investors to access Bitcoin. The accumulation of…
Bankrupt crypto lender BlockFi has taken another step in the process of returning users’ funds by requesting court permission to convert trade-only assets into stablecoins. The defunct company has applied to the United States Bankruptcy Court for the District of New Jersey to allow the conversion of assets such as Algorand, Bitcoin Cash, and Dogecoin…
Crypto lawyer John Deaton disappointed with XRP and BTC price performance after SEC lawsuit; both saw modest increases of over 3% in the past 24 hours. Cryptocurrency lawyer and enthusiast John E Deaton shared on Twitter that he was disappointed with the performance of Ripple (XRP) and Bitcoin (BTC). He had expected XRP to reach…
Binance is set to remove nine margin trading pairs on September 7. The exchange will initially halt isolated margin borrowing for these pairs. This move comes after regulatory scrutiny impacted BUSD, resulting in a loss of over $30 billion in value this year. Binance, the largest cryptocurrency exchange, has announced the removal of several margin…
Bitcoin, a type of digital money, has gone up by about 7% and reached over $27,000 ($27,645). This is a notable change from being around $26,000 for many weeks. A few things have contributed to this rise. First, a court decision favored Grayscale against the US SEC regarding a review of a Bitcoin ETF. Second,…
Grayscale Investments, a company that manages investments in cryptocurrencies, has achieved success in a lawsuit against the U.S. Securities and Exchange Commission (SEC). This victory has made Grayscale more influential and has sparked discussions about the possible reintroduction of XRP, a cryptocurrency, to its Digital Large Cap fund. This legal triumph follows a similar win…
The SEC has important deadlines coming up, just a few days away, to make decisions about seven Bitcoin ETF applications. Big companies like BlackRock, Bitwise, and Fidelity have applied. Grayscale Investments recently had a victory against the SEC in a US appeals court. This makes us wonder what the SEC will do next and…
Sam Bankman-Fried’s lawyers are unhappy about the 7.7 million pages of information provided by the government as part of the legal process. The discussions between Bankman-Fried’s legal team and the Department of Justice continue, leading up to a virtual hearing on August 30. The US government’s lawyers submitted a letter on Tuesday to the Court…
After Grayscale’s legal victory against the US Securities and Exchange Commission (SEC), the trading volumes of GBTC, its flagship crypto product, saw a significant increase on Tuesday. The DC Circuit of Appeals granted Grayscale’s request to review the SEC’s rejection of its plan to turn GBTC into a spot bitcoin ETF. This decision revived hopes…
Hashkey Exchange, a licensed cryptocurrency exchange in Hong Kong, has started allowing retail investors to trade Bitcoin and Ether against fiat currencies. This is a significant step towards legitimizing the cryptocurrency industry in Hong Kong. Hashkey Exchange, a cryptocurrency exchange in Hong Kong, has started allowing regular people to buy and sell Bitcoin and Ethereum…
Bitget is launching a new awards program called the Bitget Smart Awards. The awards will recognize outstanding achievements in key on-chain activities that are shaping the future of the decentralized world. There are two categories of awards: Smart Money Awards and Hero Trader Awards. The Smart Money Awards will go to people who have demonstrated exceptional…
The biggest cryptocurrency exchange in the world, Binance, is reviewing its operations in Russia. A representative from Binance shared this information with the Wall Street Journal. Binance, which is the biggest exchange for cryptocurrencies globally, is taking a new look at its operations in Russia due to legal concerns in the country. The Wall Street…
If the court decides on the Grayscale vs. US SEC case and picks from six Bitcoin ETF applications, it could make the crypto market better. This week is important for the crypto market. It might help Bitcoin and other coins recover because of some important choices. Traders and big crypto holders are waiting to see…
John Deaton, the founder of Crypto-Law.US, is criticizing the SEC for not following the law properly. He’s talking about the Ripple case where the SEC didn’t follow the rules. Maybe the SEC should read Howey again: “The test is whether the scheme involves an investment of money in a common enterprise with profits to come…
The Shiba Inu team restarted Shibarium for everyone to use, and now Staked BONE and wallet addresses reached new records. The Shiba Inu community is getting more active, and the project is doing really well. More people are interested in SHIB, and the token is getting a lot of attention on social media. These good…