As the world’s interest in cryptocurrency continues to rise, global financial authorities are exploring ways to incorporate the new technology into existing systems without causing too much disruption. The challenge is to find a balance between the need for regulation and the desire to keep the cryptocurrency market open and accessible. The goal is to […]
Coinbase has been granted a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), demonstrating its dedication to the city-state. This license allows Coinbase to provide digital payment token services, cross-border money transfer services, and domestic money transfer services to both retail and institutional clients in Singapore.Nana Murugesan, VP of Internal and […]
The US Securities and Exchange Commission (SEC) has taken a significant step that has raised hopes for the approval of Bitcoin spot exchange-traded funds (ETFs). This comes after the SEC recently delayed applications for Bitcoin spot ETFs from major financial players like BlackRock, Fidelity, and VanEck due to the US government shutdown.Renowned ETF analysts, Eric […]
Grayscale, the company behind the world’s largest crypto funds, has announced its plans to convert its Grayscale Ethereum Trust (ETHE) into a spot Ethereum (ETH) ETF. This conversion would mark the “final stage” of the Ethereum Trust’s planned lifecycle since launching in March 2019. An ETF is a stock index that tracks the price of […]
Grayscale, the world’s largest crypto asset manager, has filed with the SEC to convert its Grayscale Ethereum Trust (ETHE) into an Ethereum exchange-traded fund (ETF). The filing was submitted by the New York Stock Exchange (NYSE) on behalf of Grayscale. This move follows the SEC’s approval of multiple Ethereum futures ETF products last week.ETHE is […]
Chainlink (LINK) has recently announced a partnership with Australia and New Zealand Banking Group (ANZ). ANZ has $670 billion in assets and was one of the participants of the recent case study involving Oracle’s new Cross-Chain Interoperability Protocol (CCIP) technology. This technology was used to complete transactions in tokenized assets using A$DC stablecoin and CCIP.Chainlink […]
Ripple’s native cryptocurrency XRP has seen a 4.40 percent increase in the last week, trading above $0.52. Ripple’s Chief Legal Officer, Stuart Alderoty, shared banners on social media suggesting the US Supreme Court’s intention to curb the power of federal agencies. XRP’s price action currently places it above the 200-day EMA while below the 50-day […]
Ripple recently unlocked 1 billion XRP from its escrow account, with more than half of the assets being returned to the escrow account. High-value transactions have been observed in the past two days leaving an unknown address to Bitstamp crypto exchange, which Ripple acquired an undisclosed stake in earlier this year. Ripple has used hundreds […]
Grayscale Investment is set to convert its Grayscale Ethereum Trust to a spot Ethereum spot ETF, following the clearance of the first Ethereum ETH futures exchange-traded fund (ETF). The New York Stock Exchange Arca filed for the conversion with the United States Securities and Exchange Commission (SEC) on Oct. 2. The existing Trust invested in […]
UBS Asset Management has launched a live pilot of a tokenized version of its Variable Capital Company (VCC) fund as part of Project Guardian, an initiative led by Singapore’s central bank. This new release upgrades the RWA-focused blockchain consensus to nominated proof-of-stake (NPoS) and aims to improve on-chain liquidity for both borrowers and fintech lenders.Proof-of-work […]
