Stablecoin issuer Circle Internet Financial is reportedly considering an initial public offering (IPO) in early 2024. The company, known for issuing the popular USDC stablecoin, has been in discussions with advisors as it explores the possibility of going public. While no final decision has been made, Circle has expressed its long-standing aspiration to become a […]
The U.S. Commodity Futures Trading Commission (CFTC) has released its enforcement results for the 2023 fiscal year, revealing that nearly half of its enforcement cases involved digital assets. Out of the 96 enforcement actions taken, 47 were related to cryptocurrencies. Some notable cases include charges against individuals and companies like Sam Bankman-Fried, FTX, Alameda Research, […]
Ripple CEO Brad Garlinghouse has generated excitement among the XRP community by teasing significant announcements and discussions at the upcoming Ripple Swell event. Taking place on November 8th and 9th in Dubai, the event is expected to bring together industry professionals to share ideas and perspectives on finance and blockchain. Garlinghouse likened the event to […]
The acting chief of the U.S. Office of the Comptroller of the Currency (OCC), Michael Hsu, expressed optimism about the potential of tokenization while remaining cautious about cryptocurrencies due to their high levels of risk. Speaking at the DC Fintech Week, Hsu emphasized the benefits of tokenization in streamlining the settlement of funds and securities. […]
Gemini’s U.K. branch has announced that it will restrict cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs) starting November 17. This decision is in response to the Travel Rule regulations, which require VASPs to share sender and receiver information for crypto transactions. Gemini has partnered with TRUST to […]
The Ministry of Culture and Information in Kazakhstan has blocked access to Coinbase, a prominent cryptocurrency exchange, along with select online brokerage websites. This action is in accordance with Kazakhstan’s “Digital Assets Law,” which regulates the issuance and circulation of digital assets within the country. The law aims to create a structured regulatory environment for […]
Diversification and gender equality in the workplace continue to be important issues, especially for publicly traded companies. This has led to investment implications as more market participants demand diversity, equity, and inclusion. One ETF that addresses these concerns is the Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI). Managed actively, CDEI offers exposure […]
Proof Group, a prominent Silicon Valley investment firm, has expressed interest in the potential relaunch of FTX, according to sources familiar with the matter. Proof Group, which is part of the Fahrenheit consortium that acquired bankrupt Celsius Network, is reportedly exploring partnerships with other entities to secure the acquisition of FTX. The investment firm has […]
Fiat payment rails and neobanking services are playing a crucial role in driving the mainstream adoption of cryptocurrencies. Industry experts at the European Blockchain Convention in Barcelona emphasized the growing importance of third-party payment rails and banking platforms in the cryptocurrency space. OpenPayd, for example, processes a significant volume of monthly transactions and provides banking […]
The NFT market is showing signs of recovery, with monthly sales volumes increasing for the first time in a year. In October, trading volume grew by 32%, reaching $405 million. However, this is still lower than the volume seen in March. Ethereum-based NFTs continue to dominate the market, with a growth of over 50% in […]
