Ripple whales have recently moved 483 million XRP tokens, causing the token’s price to drop over 8% since Aug. 30. Despite this, XRP is still inside a bullish technical setup, called the ‘Falling Wedge’, which could see the token’s price rise nearly 381% to a theoretical price target of $2.5.Whale Alert noted two transactions, one […]
The Securities and Exchange Commission (SEC) is faced with a difficult decision on how to handle the wave of Bitcoin spot ETF applications after suffering a defeat in court against Grayscale. The agency may choose to rescind prior approval of the nation’s Bitcoin futures ETFs, leaving all Bitcoin ETF options unavailable to U.S. buyers. Joe […]
Cryptoasset businesses in the United Kingdom are now required to withhold certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on September 1. The Financial Conduct Authority introduced the rules targeting virtual asset service providers (VASPs) on August 17, which require them to collect, verify and share information […]
Bitcoin’s price has dropped nearly 5% in the last 24 hours, falling from around $27,300 to around $26,000, after the US Securities and Exchange Commission (SEC) delayed seven pending spot Bitcoin ETF applications. The SEC’s delay allows it another 45 days to approve, deny or again delay the applications, with the next decision deadlines between […]
Today, Coinbase announced that PayPal USD (PYUSD) is available for trading on its platform. This move comes after Binance’s decision to cut support for their BUSD stablecoin by 2024 due to regulatory concerns. Both PayPal USD and Binance USD are issued by the same company, Paxos. Coinbase had previously suspended trading for BUSD in March […]
Analytics firm Santiment has found that crypto whales purchased Bitcoin (BTC) in the day leading up to Grayscale’s court victory over the U.S. Securities and Exchange Commission (SEC). Santiment suggests that certain whale and shark addresses “may have known a thing or two” about the win before it was announced, noting that wallets holding between […]
The SEC has delayed its decision on seven Bitcoin ETF proposals, including those from industry giants such as BlackRock, Fidelity, Bitwise, VanEck, Valkyrie, Invesco & Galaxy, and WisdomTree. This 45-day delay adds to the long list of setbacks for institutions aiming to secure approval for a Bitcoin ETF, as the SEC has previously cited concerns […]
Grayscale recently won a legal battle against the U.S. Securities and Exchange Commission (SEC) that could open the door for the digital asset management firm to transform its GBTC fund into a spot Bitcoin ETF. The court ruled that the SEC must reconsider Grayscale’s application, overturning the SEC’s initial denial on grounds that the decision […]
The Securities and Exchange Commission (SEC) has delayed its decision on whether to approve a slew of Bitcoin spot ETF applications for another 45 days. This decision was expected by analysts, and the SEC stated that it needs more time to consider the proposed rule change and the issues raised therein. The decisions for proposed […]
IBM recently shared its ideas on how to make the digital euro a success in a blog post. It suggested five items for designers to help the European Central Bank digital currency “enter the highly competitive, multifaceted, and heterogeneous payments landscape in the Eurozone.” The first point, “Build on existing rails,” is already foreseen in […]
