The United States Securities and Exchange (SEC) has taken a significant step towards the approval of a spot Bitcoin exchange-traded fund (ETF). The regulatory body has started accepting filings from exchanges, marking a crucial phase in the approval process.On January 5, the Nasdaq Stock Market submitted 19b-4 amendments for spot Bitcoin ETF applications. These applications […]
Decentralized exchange Mango Markets is bolstering its resources to address the ongoing scrutiny from United States regulatory authorities. A proposal on Mango’s governance forum reveals that the decentralized autonomous organization running the exchange is set to approve a budget of $250,000 in USD Coin on January 6. This fund is intended for the hiring of […]
In a recent development, a TechCrunch reporter has revised their prediction regarding the approval of a US Bitcoin ETF. While the possibility of approval by the end of this week seems increasingly unlikely, the reporter maintains that the deadline of January 10 still stands.This update comes as the crypto community eagerly awaits the green light […]
Antonio Juliano, the founder of dYdX, a decentralized exchange (DEX), has expressed skepticism about the current crypto bull run. He attributes the recent price surge to “light trading volumes,” suggesting that this might not sustain the uptrend despite overall confidence.According to Juliano, a true bull cycle is not solely defined by price action but also […]
The Securities and Exchange Commission (SEC) appears to be showing a growing acceptance of Ethereum spot ETFs, according to Bloomberg ETF analyst James Seyffart. This comes after the SEC approved multiple Bitcoin futures ETFs and is expected to approve Bitcoin spot ETFs in the near future.In August, the SEC gave the green light to several […]
The U.S. Securities and Exchange Commission (SEC) is nearing the potential approval of several spot Bitcoin ETFs, as major financial institutions have been actively involved in the process. The market is eagerly awaiting amendments to 19b-4 filings, which are crucial for approval. These amendments will address issues related to cash creation and redemption mechanisms, an […]
The ongoing legal battle between Ripple Labs Inc. and a group of XRP investors led by Vladi Zakinov is set to reach a pivotal moment on January 11, 2024, as both parties prepare for a significant court hearing. This date marks a crucial phase in a case that could have potentially far-reaching implications for Ripple […]
The Securities and Exchange Commission (SEC) is intensifying its pursuit of crypto exchanges Binance and Coinbase in ongoing legal battles. To strengthen its arguments, the SEC has referenced a recent landmark case in court.In its case against Binance, the SEC filed a notice of supplemental authority, highlighting Judge Jed Rakoff’s ruling in the Terraform case. […]
The US Securities and Exchange Commission (SEC) has filed a federal court document requesting a summary judgment ruling in its lawsuit against cryptocurrency exchange Binance. The SEC argues that specific issues raised in its case against Terraform Labs and its co-founder Do Kwon are also present in the enforcement action against Binance, Binance US, and […]
The Bank of Spain has announced its partnership with Cecabank, Abanca, and Adhara Blockchain for the pilot of the wholesale central bank digital currency (CBDC) program. Over the next six months, the pilot will simulate the processing and settlement of interbank payments using a tokenized wholesale CBDC and multiple wholesale CBDCs issued by different central […]
