In a surprising development, San Francisco-based cryptocurrency exchange, Coinbase, has offered to assist the United States Securities and Exchange Commission (SEC) with cybersecurity following a breach of the SEC’s social media account. This proposal comes despite an ongoing legal dispute between the two entities.On January 9, the cryptocurrency market was disrupted by a post from […]
Phoenix Group PLC, a cryptocurrency mining and blockchain firm listed on the Abu Dhabi securities market, is investing $187 million to strengthen its position in the Bitcoin mining sector. The company’s subsidiary, Phoenix Computer Equipment, has announced an agreement with Bitmain Development PTI Ltd to purchase the latest mining machines. The deal, concluded through Cypher […]
In a landmark development for the world of cryptocurrency, the Bitcoin Exchange-Traded Fund (ETF) is set to receive formal approvals today, between 4-6 PM New Jersey time. This event is a significant milestone in the evolution of Bitcoin and cryptocurrency, marking its transition from a niche digital asset to a mainstream financial instrument.Bloomberg Analyst Eric […]
The crypto market is experiencing a bull run, with nearly every asset’s price increasing. Despite the euphoria, rising prices are not a sure sign of mass adoption. The market’s longevity depends on the demand for goods and services, and the connection between tangible goods and crypto’s intangible offerings is crucial to sustain the current bull […]
BitGo, a crypto custodial service provider, has secured in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI). This approval positions BitGo as a leading regulated digital payment token service provider in Asia. Once the full license is granted, BitGo will be able to offer a wide range […]
Apple has taken decisive action by removing the apps of nine major cryptocurrency exchanges, including Binance and Kraken, from its App Store in India. This move comes in the wake of warnings from the Financial Intelligence Unit-India (FIU-IND), a government agency tasked with monitoring financial transactions. The exchanges were accused of failing to comply with […]
The crypto market experienced a whirlwind of events on Tuesday when a tweet from the United States Securities and Exchange Commission’s (SEC) official X (formerly Twitter) account claimed that all Spot Bitcoin ETF applications had been approved. This news initially led to a surge in Bitcoin’s price, but the excitement was short-lived as the price […]
Steven McClurg of Valkyrie Investments is forecasting a surge in applications for Ethereum and potentially Ripple, following the approval of the Bitcoin ETF. The crypto community’s interest in a possible XRP ETF has been piqued by Grayscale’s decision to reintegrate Ripple into its Large Cap Digital Fund.With the SEC’s impending approval of the first Bitcoin […]
Cathie Wood’s ARK’s Bitcoin ETF, known as ARK 21Shares, is among the numerous proposals submitted to the US Securities and Exchange Commission (SEC). This product was created in partnership with the Swiss firm 21Shares, a provider of crypto exchange-traded products.ARK21’s deadline today has raised confidence in a potential ETF announcement tonight. This expectation is based […]
In a surprising development, FTX, the bankrupt cryptocurrency exchange, has temporarily halted its planned $500 million investment in AI startup Anthropic. This move has caused a stir in the industry as it interrupts what could have been a significant boost for Anthropic’s development of advanced artificial intelligence technologies.The Wall Street Journal reported on June 28 […]
