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 […]
In a landmark development for the world of cryptocurrency, the Bitcoin Exchange-Traded Fund (ETF) is set to receive formal approvals today, between 4-6 PM New Jersey time. This event is a significant milestone in the evolution of Bitcoin and cryptocurrency, marking its transition from a niche digital asset to a mainstream financial instrument.Bloomberg Analyst Eric […]
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 […]
The crypto market experienced a whirlwind of events on Tuesday when a tweet from the United States Securities and Exchange Commission’s (SEC) official X (formerly Twitter) account claimed that all Spot Bitcoin ETF applications had been approved. This news initially led to a surge in Bitcoin’s price, but the excitement was short-lived as the price […]
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 […]
Apple has yet to comment on the removal of cryptocurrency exchange apps from its App Store in India. This comes as Binance South Asia X has noted a significant shift of Indian traders towards global cryptocurrency platforms, seemingly to avoid tax obligations. India introduced a 30% tax on virtual currency profits and a 1% deduction […]
Steven McClurg, the Chief Investment Officer of Valkyrie Funds, has suggested that exchange-traded funds (ETFs) for XRP and Ethereum could be on the horizon. This follows the recent developments surrounding Bitcoin spot ETFs and their potential approval. McClurg expressed his belief in a Bloomberg interview that we might see ETFs for Ripple and Ethereum, especially […]
The United States Commodity Futures Trading Commission (CFTC), the body that regulates the U.S. derivatives markets, has released a report outlining its recommendations for mitigating risks associated with decentralized finance (DeFi). The report was compiled by the CFTC’s Digital Assets and Blockchain Technology Subcommittee.While the report acknowledges the “promising opportunities” presented by DeFi, it also […]
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 […]
