The Honduran Special Economic Zone, Prospera ZEDE, has officially recognized Bitcoin as a unit of account, a significant milestone in the regional acceptance of cryptocurrencies. This announcement was made by Jorge Colindres, the acting manager and Tax Commissioner of the zone, and provides clarity on the conditions that legal entities must meet to adopt Bitcoin […]
Major U.S. exchanges are on the brink of approving the country’s first Bitcoin exchange-traded funds (ETFs), signaling a significant milestone in the cryptocurrency world. The advanced stage of Bitcoin ETFs, set to debut in the U.S. market, is evident in the amendments filed by BlackRock, Grayscale, Fidelity, and other issuers in 19b-4 filings. These adjustments, […]
In response to new regulations imposed by the UK government, several crypto exchanges are taking necessary steps to comply. The regulations, part of the Financial Services and Markets Act, now include firms dealing with crypto and stablecoins, holding them to the same regulatory standards as traditional financial services.For Coinbase’s UK users, compliance means disclosing their […]
Optimism regarding a Bitcoin ETF is not as widespread in mainstream financial circles as it is within the online crypto community, as per recent survey results published by Bitwise. The crypto index fund provider, currently awaiting approval for its own Bitcoin ETF application, revealed that only 39% of the investment advisors surveyed believe an ETF […]
The Central Bank of Nigeria (CBN) has approved the cNGN stablecoin, a new digital currency created by the Africa Stablecoin Consortium (ASC), a collaboration of Nigerian banks and fintechs. This move has sparked discussions among Nigerian cryptocurrency industry stakeholders about the potential adoption rate of the cNGN compared to the eNaira, Nigeria’s central bank digital […]
Renowned Bloomberg ETF analyst Eric Balchunas has reduced the likelihood of the US Securities and Exchange Commission (SEC) rejecting the launch of the Bitcoin spot ETF to a mere 5%. This updated prediction comes as crypto enthusiasts globally await the SEC’s broad approval of several Bitcoin spot ETF proposals on Wednesday, January 10.In October, Eric […]
BlackRock, the world’s largest asset manager, is reportedly preparing to cut its global workforce in the coming days. This decision comes as the firm anticipates positive news from the US Securities and Exchange Commission (SEC) regarding its Bitcoin spot exchange-traded fund (ETF). BlackRock is one of many asset management firms aiming to offer a spot […]
In a significant development, Kyrgyzstan has seen a surge in its crypto mining tax revenue, which now stands at $900K. This is a significant increase from the $133,200 collected during the same period in 2022. In the United States, a new IRS mandate requires anyone receiving $10,000 or more in crypto as part of their […]
BlackRock, the world’s leading asset manager, is reportedly planning to reduce its global workforce by approximately 3%, affecting around 600 employees. This move is said to be part of BlackRock’s regular internal adjustments, with decisions influenced by performance evaluations over the past year.Simultaneously, the company is awaiting the Securities and Exchange Commission’s (SEC) decision on […]
BlackRock, the world’s largest asset manager, is set to reduce its global workforce by approximately 3% this week. This decision is in anticipation of positive news from the United States Securities and Exchange Commission (SEC) concerning its spot Bitcoin exchange-traded fund (ETF). As per sources, around 600 employees will be let go as part of […]
