12 - 2023 | MachinaTrader.com

SEC Delays Approval of Grayscale, Hashdex, and Pando Crypto ETFs Amid Concerns of Market Manipulation

The U.S. Securities and Exchange Commission (SEC) has initiated additional proceedings regarding three proposed crypto exchange-traded funds (ETFs), effectively delaying their approval. The proceedings concern NYSE Arca’s proposed rule change for Grayscale’s Ethereum Futures Trust ETF and Nasdaq’s proposal for Hashdex’s spot Ethereum ETF. The SEC has raised concerns over market manipulation and has asked […]

Revolut Temporarily Suspends Crypto Services for UK Businesses in Response to FCA Regulations

Revolut, a leading fintech platform, will temporarily suspend certain cryptocurrency services for its UK business customers starting January 3, 2024. This decision is in response to the Financial Conduct Authority’s (FCA) crackdown on cryptocurrency advertising and the upcoming enforcement of new regulations on January 8.The suspension will only affect Revolut’s UK business clients, while other […]

SEC Decision on Bitcoin Spot ETF Could Have Major Impact on Crypto Market

The cryptocurrency industry is eagerly awaiting the decision of the US SEC on the Bitcoin spot ETF applications, which is expected to be announced in mid-January. While many are optimistic about the approval of the ETF, there is concern that if the applications are dismissed, it could lead to a significant downturn in the crypto […]

Cryptocurrency Industry Leaders Launch $78 Million PAC Fund for 2024 Elections

As the 2024 election cycle approaches, three political action committees (PACs) backed by influential figures in the cryptocurrency industry are preparing to make a significant impact with a $78 million war chest. The alliance, consisting of Fairshake and its affiliated super PACs, Protect Progress and Defend American Jobs, aims to shape the political landscape by […]

Crypto Industry Mobilizes to Influence 2024 US Elections

A group of super PACs, backed by cryptocurrency executives and investors, has raised around $78 million to support pro-crypto political candidates in the 2024 US elections. This initiative aims to sway the elections in favor of candidates who are supportive of cryptocurrency and blockchain innovation.Key players in this effort include prominent cryptocurrency firms like Ripple […]

Coinbase Expands Services in Singapore with USD Transfers via SWIFT

Crypto exchange Coinbase has expanded its services in Singapore by announcing support for USD transfers. Retail customers in Singapore can now deposit or withdraw USD using their Coinbase accounts through the SWIFT network. This move is part of Coinbase’s plan to increase its presence in the Singapore market.With the introduction of commission-free trading for US […]

Coinbase CEO Challenges SEC’s Rejection of Crypto Regulation Petition

Brian Armstrong, the CEO of Coinbase, has responded positively to the US Securities and Exchange Commission’s (SEC) decision to dismiss the company’s petition for a new regulatory framework for digital assets. Coinbase argued that the current application of securities statutes and regulations to crypto assets is unworkable, but the SEC disagreed, stating that existing laws […]

Revolut Halts Cryptocurrency Purchases on UK Business Platform to Comply with New Regulations

Neobank Revolut will temporarily suspend cryptocurrency purchases on its business platform in the UK starting from the new year. The decision comes as the company aims to comply with new regulations set by the Financial Conduct Authority (FCA) regarding the promotion of cryptocurrencies. While purchasing will be halted, customers will still be able to hold […]

Coinbase Expands Services in Singapore with Support for USD Transfers

Revolut Suspends Crypto Services for UK Businesses Amid Regulatory Changes

Revolut, a fintech firm, has announced that it will temporarily suspend its cryptocurrency trading services for business clients in the UK. This decision comes in response to upcoming regulatory changes by the Financial Conduct Authority (FCA) in early 2024. According to internal communications, starting from January 3, 2024, UK business customers will no longer be […]