Cryptoasset businesses in the United Kingdom are now required to withhold certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on September 1. The Financial Conduct Authority introduced the rules targeting virtual asset service providers (VASPs) on August 17, which require them to collect, verify and share information […]
Bitcoin’s price has dropped nearly 5% in the last 24 hours, falling from around $27,300 to around $26,000, after the US Securities and Exchange Commission (SEC) delayed seven pending spot Bitcoin ETF applications. The SEC’s delay allows it another 45 days to approve, deny or again delay the applications, with the next decision deadlines between […]
Today, Coinbase announced that PayPal USD (PYUSD) is available for trading on its platform. This move comes after Binance’s decision to cut support for their BUSD stablecoin by 2024 due to regulatory concerns. Both PayPal USD and Binance USD are issued by the same company, Paxos. Coinbase had previously suspended trading for BUSD in March […]
Analytics firm Santiment has found that crypto whales purchased Bitcoin (BTC) in the day leading up to Grayscale’s court victory over the U.S. Securities and Exchange Commission (SEC). Santiment suggests that certain whale and shark addresses “may have known a thing or two” about the win before it was announced, noting that wallets holding between […]
The SEC has delayed its decision on seven Bitcoin ETF proposals, including those from industry giants such as BlackRock, Fidelity, Bitwise, VanEck, Valkyrie, Invesco & Galaxy, and WisdomTree. This 45-day delay adds to the long list of setbacks for institutions aiming to secure approval for a Bitcoin ETF, as the SEC has previously cited concerns […]
Grayscale recently won a legal battle against the U.S. Securities and Exchange Commission (SEC) that could open the door for the digital asset management firm to transform its GBTC fund into a spot Bitcoin ETF. The court ruled that the SEC must reconsider Grayscale’s application, overturning the SEC’s initial denial on grounds that the decision […]
The Securities and Exchange Commission (SEC) has delayed its decision on whether to approve a slew of Bitcoin spot ETF applications for another 45 days. This decision was expected by analysts, and the SEC stated that it needs more time to consider the proposed rule change and the issues raised therein. The decisions for proposed […]
IBM recently shared its ideas on how to make the digital euro a success in a blog post. It suggested five items for designers to help the European Central Bank digital currency “enter the highly competitive, multifaceted, and heterogeneous payments landscape in the Eurozone.” The first point, “Build on existing rails,” is already foreseen in […]
The United States Securities and Exchange Commission (SEC) has delayed an application for a Bitcoin exchange-traded fund (ETF) from global asset manager BlackRock. The asset manager, which has 8.5 trillion of assets on its books, has had its iShares Bitcoin Trust delayed. The ETF was aimed at offering investors access to Bitcoin markets without having […]
The U.S. Securities and Exchange Commission (SEC) has postponed decisions on proposed rule changes related to spot Bitcoin ETFs until October. The decisions on the Cboe BZX Exchange proposals will be delayed until October 17, while the decision on the Valkyrie proposal will be delayed until October 19.The latest round of proposed rule changes is […]
