A new stablecoin pegged to the US Dollar, RIF US Dollar (USDRIF), has been launched on Rootstock, the blockchain network that brings smart contract functionality to Bitcoin. USDRIF has been designed to tackle real problems faced by people in countries across the world such as hyperinflation, local currency volatility and the high cost of sending […]
Sam Bankman-Fried, the founder of FTX, is set to face a fraud trial on October 3. U.S. District Judge Lewis Kaplan has issued a 16-page pretrial order that outlines the boundaries of admissible evidence for the trial. Judge Kaplan has allowed prosecutors to introduce evidence related to Bankman-Fried’s political contributions, which could provide insight into […]
Ethereum futures exchange-traded funds (ETFs) could soon be available for trading in the United States. According to Bloomberg analysts, the Securities and Exchange Commission (SEC) is likely to approve the launch of Ethereum futures ETFs as early as next week. Eric Balchunas, an ETF analyst, said that the SEC wants to “accelerate the launch of […]
In a bipartisan effort, members of Congress from both parties have sent a strong message to the Securities and Exchange Commission (SEC) Chair Gary Gensler, urging the approval of Bitcoin (BTC) spot exchange-traded funds (ETFs) and an end to discriminatory practices. The first letter, signed by representatives Tom Emmer, Mike Flood, Wiley Nickel, and Ritchie […]
The United States Securities and Exchange Commission (SEC) has delayed reaching a decision on whether to approve or disapprove of spot Ether ETH exchange-traded fund applications from ARK 21Shares and VanEck. The commission said it had received no public comments on either proposal and would push the deadlines for another delay or decision to Dec. […]
Kraken, a cryptocurrency exchange, is reportedly planning to offer users trading services for stocks listed in the United States and exchange-traded funds (ETFs). The exchange is expected to launch its services in the U.S. and U.K. sometime in 2024 through a division called Kraken Securities. To do so, the exchange will need to obtain licensing […]
Cryptocurrency exchange Binance has announced that it will be fully exiting Russia by selling its local business to a new exchange, CommEx. Little is known about CommEx’s founders or background, but the exchange was launched on Sept. 26, 2023, and is registered in Seychelles. It supports 25 trading pairs, including stablecoins and Binance’s BNB cryptocurrency. […]
Michael Egorov, the founder of decentralized finance (DeFi) protocol Curve, has recently settled his loans on the lending platform Aave, reducing his debt position to $42.7 million across other DeFi protocols. According to the on-chain analytics platform Lookonchain, the Curve founder deposited 68 million CRV tokens, worth $35.5 million, to lending protocol Silo and borrowed […]
Four US Congressmen have written a letter to the SEC Chief Gary Gensler, demanding the approval of a Bitcoin ETF. The letter alleges discrimination against BTC ETF on the part of the SEC. The letter was penned by Representatives Mike Flood, Tom Emmer, Ritchie Torres, and Wiley Nickel. It draws attention to Grayscale Investments’ recent […]
Bitget, a top crypto derivatives and copy trading exchange, is thrilled to announce the upcoming listing of PayPal USD (PYUSD), a stablecoin issued and hosted by Paxos Trust Company, LLC, on its trading platform starting today. This move reflects Bitget’s commitment to providing traders with a seamless and compliant trading experience.PYUSD is a stablecoin backed […]
