The European Central Bank (ECB) has announced that it will begin the “preparation phase” for the digital euro project after a two-year investigation. This move comes after the ECB released a report on the potential design and distribution of a digital euro. The preparation phase will last for two years and will focus on finalizing […]
The European Central Bank (ECB) has announced that its project to develop a digital form of the euro is progressing to the preparation phase. The ECB aims to prepare the currency for the future, although a final decision on issuing a digital euro has not yet been made. The preparation phase will involve finalizing the […]
The Securities and Exchange Commission (SEC) is showing signs of warming up to the idea of a Bitcoin exchange-traded fund (ETF), according to Cathie Wood, CEO of Ark Invest. Wood stated that the SEC’s recent line of questioning regarding the risks and measures associated with a spot ETF indicates a change in behavior and raises […]
Senator Elizabeth Warren and over 100 lawmakers have signed a letter urging the White House to address the role of digital assets in financing terrorism. The letter, dated October 17, was sent to Treasury Under Secretary Brian Nelson and National Security Adviser Jake Sullivan. It referenced a news article claiming that Palestinian militant groups had […]
EUR-denominated weekly spot volume on Binance, one of the leading cryptocurrency exchanges, has plummeted to a three-year low of $160 million in October 2023. This represents an 88% decrease from the $1.3 billion recorded in March 2023. The decline in trading volume can be attributed to a combination of factors, including regulatory crackdowns and the […]
Bitcoin’s price has remained strong, reaching a high of $28,516 despite economic challenges in the US. This stability may be attributed to increased institutional activity and positive investor interest in Bitcoin. Fidelity Investments, along with other institutions like ARK Invest and Invesco, have amended their spot Bitcoin ETF filings, indicating ongoing dialogue with the SEC. […]
A parliamentary committee in the UK has called on officials to take action against copyright infringement issues related to nonfungible tokens (NFTs). The committee also highlighted the potential risks of sporting groups issuing digital assets. The ease and speed at which NFTs can be minted pose a significant risk to the intellectual property rights of […]
Russian President Vladimir Putin has praised China’s Belt and Road infrastructure project, which aims to challenge the US-led global order. Putin’s comments came during his attendance at the Third Belt and Road Forum for International Cooperation in Beijing. The project, launched by Chinese President Xi Jinping in 2013, celebrates its 10th anniversary. Putin aligned himself […]
Top global crypto exchange Binance has reportedly closed over 100 accounts in response to Hamas’ recent attack on Israel. Israeli law enforcement agencies ordered the closures and seized millions worth of crypto in an effort to cut funding to the Palestinian Islamist group. Hamas had previously urged its supporters to send Bitcoin to evade US […]
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Gaza-based crypto broker Buy Cash Money and Money Transfer Company (Buy Cash) and its operator, Ahmed M. M. Alaqad, for facilitating crypto transactions for Hamas. Buy Cash, which has ties to terrorist groups, offers money transfer and cryptocurrency exchange services, including […]
