SEC Chair Gary Gensler has labeled the approval of Bitcoin ETFs as ‘ironic’ due to their centralized nature, which contradicts the decentralized vision of Bitcoin’s creator, Satoshi Nakamoto. In a recent interview on CNBC’s “Squawk Box”, Gensler delved into the reasons behind the SEC’s approval of these ETFs and addressed concerns raised by Senator Elizabeth […]
The Monetary Authority of Singapore (MAS) is set to receive expanded powers under a new bill currently before the country’s parliament. This could have a significant impact on cryptocurrency firms. The Financial Institutions (Miscellaneous Amendments) Bill 2024 aims to expand MAS’ powers to issue directions to capital markets services licence holders (CMSL holders) that conduct […]
Increasing numbers of U.S. Congress members are urging the Securities and Exchange Commission (SEC) to provide details on a hack that led to a false announcement being posted on X (formerly Twitter) about the approval of a spot Bitcoin exchange-traded fund. Senators Ron Wyden and Cynthia Lummis, in a letter dated January 11, called on […]
In a significant development, Genesis, a prominent player in the cryptocurrency industry, has been compelled to forfeit its BitLicense. This drastic measure comes as a result of a lawsuit filed by the New York Department of Financial Services (NYDFS). In addition to relinquishing its BitLicense, Genesis has also been mandated to pay a hefty sum […]
The XRPL Mainnet has faced several challenges, including issues related to authorized trustlines and a combination of flags when the exchange rate on an offer diverges from the order book rate. These challenges have been classified as core ledger updates. When new features are introduced to the XRPL Mainnet, XLS specifications that involve fundamental changes […]
Ethereum insider Steven Nerayoff has expressed skepticism over the possibility of an Ethereum (ETH) Exchange-Traded Fund (ETF) being launched. This comes after the approval of Bitcoin Spot ETFs by the United States Securities and Exchange Commission (SEC) on January 10, which has led crypto enthusiasts to consider ETH as the next potential candidate for ETF […]
Bill Morgan, a prominent pro-XRP lawyer, has recently commented on the legal dispute between Ripple Labs and the United States Securities and Exchange Commission (SEC) over XRP’s non-security status. On Thursday, January 11, Morgan used the social media platform X to announce that the battle has concluded.Morgan’s statement was in response to the SEC’s latest […]
In a surprising turn of events, two major South Korean financial institutions, Samsung Securities and Mirae Asset Securities, have suspended their brokerage services for specific Bitcoin exchange-traded funds (ETFs). This decision follows a cautionary advisory from the Financial Services Commission (FSC), South Korea’s financial watchdog, which has caused significant disruption in the local cryptocurrency scene.The […]
Shayan, a digital nomad and professional journalist, reports on the recent developments in the cryptocurrency market. The market has seen a rise in the price of Ethereum (ETH) following the Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin ETF. This has led analysts to predict a similar approval for an Ethereum ETF. However, […]
Despite US sanctions, crypto mixer Tornado Cash has continued its operations, reportedly laundering over $500 million worth of crypto in 2023, according to data provided by blockchain security firm SlowMist. The US imposed sanctions on the crypto mixer in 2022, but this did not deter the service from laundering over $550 million in crypto the […]
