The Senate Committee on Economics Legislation in Australia has provided feedback to the cryptocurrency bill introduced by senator Andrew Bragg. The committee has asked for minor amendments to the bill, such as removing the term nonfungible tokens (NFTs) from the definition of regulated digital assets and excluding certain asset-based tokens from the definition of stablecoin. […]
Jay Clayton, former Chairman of the US Securities and Exchange Commission (SEC), believes that the regulator will soon approve the launch of a spot Bitcoin exchange-traded fund (ETF). The SEC recently decided to delay the applications of BlackRock and other finance giants who wanted to introduce such a product. Clayton believes that the decision could […]
John E. Deaton, a lawyer, recently shared his insights on the negative impact of the ongoing SEC lawsuit against Ripple on the adoption of XRP. Deaton experienced this first-hand when he attempted to make a payment over the Internet and noticed that the payment processor BitPay, which initially had supported XRP, stopped processing XRP transactions […]
The SEC has been rejecting the simplest products like a Bitcoin ETF, pushing demand for crypto offshore and unregulated players. Richard Gardener, CEO of tech infrastructure firm Modulus, believes futures ETFs have long been seen as more palatable for regulators and that the decision over a spot ETF is a matter of when not if. […]
The digital asset market has experienced a minor cooling-off phase, with outflows totaling roughly US$11.2 million over the week. Despite this, Bitcoin emerged as a beacon with inflows totaling US$3.8 million. CoinShares’ Digital Asset Fund Flows Weekly report also displayed a notable increase in trading volumes, with volumes rising to US$2.8 billion for the week, […]
Ripple Labs, a blockchain company based in San Francisco, recently transferred nearly 30 million XRP, amounting to $15,040,591 in value, to Bitstamp, a major cryptocurrency exchange. This appears to be a sale, as Whale Alert, a prominent blockchain tracker, identified multiple XRP transactions of similar magnitude during August. Despite a prior 4.73 percent increase since […]
X, the native token for X.com, has seen a surge in price over the past 24 hours, with the token trading at $0.144 at the time of writing. The token has gained 74% over the past week and is one of the top performers across the cryptocurrency market in August. X has posted several bullish […]
Binance USD (BUSD) has seen its market share rapidly decline this year after it was labeled securities by the U.S. Securities and Exchange Commission (SEC). This has caused its circulating supply to dwindle to under $3 billion from a peak exceeding $20 billion last year. In response, Binance has recommended its users convert their BUSD […]
Ron DeSantis, one of the US Presidential candidates, recently unveiled a “Declaration of Economic Independence”, outlining some of the biggest financial challenges that America currently faces. He pledged to let the cryptocurrency industry thrive and not allow the launch of a central bank digital currency (CBC). DeSantis has been one of the most vocal crypto […]
The Securities and Exchange Commission (SEC) may be forced to approve spot bitcoin (BTC) exchange-traded-fund (ETF) applications from several asset managers after a federal court said the regulator must review its rejection of Grayscale’s attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF, according to a report from JPMorgan (JPM) on Friday. The […]
