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 […]
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 […]
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 […]
Celsius Network, a bankrupt cryptocurrency lending company, has taken a significant step by issuing a filing to the United States Bankruptcy Court. The filing, submitted on Thursday, January 9, is for the settlement of Withdrawal Preference Exposure (WPE) and targets large investors.The company has requested account holders who withdrew $100,000 or more worth of crypto […]
Blackrock and Grayscale, two industry giants, are expected to play a pivotal role in the potential introduction of an XRP ETF. Insider sources suggest that an application for this ETF could be submitted as early as April 2024, aligning with the resolution of the SEC v. Ripple legal dispute.Ben Armstrong, a well-known crypto influencer, recently […]
Blackrock, a major player in the financial sector, has made a significant move in its fee structure for its proposed spot Bitcoin ETF. The company has reduced its ongoing fee to a mere 0.25%, with a promotional offer of 0.12% for the first $5 billion in assets, or for the first twelve months. This change […]
In a significant development, Binance, one of the world’s leading cryptocurrency exchanges, has confirmed the removal of its application from Apple’s App Store in India. This move comes amid growing regulatory concerns in the country.It has been revealed that Binance, along with other affected exchanges, failed to adhere to the appropriate regulatory framework in India. […]
