Binance, one of the largest cryptocurrency exchanges, experienced a significant decline in market share last year, dropping to 44.5%. This decline followed a three-year period of growth, where Binance’s market share had reached a peak of 60% in 2022. However, the company faced regulatory hurdles in various jurisdictions, which contributed to the downturn.In 2023, Binance […]
Cryptocurrency asset manager Grayscale has filed an amended Bitcoin exchange-traded fund (ETF) application without listing authorized participant details. This move has raised questions and speculation among industry experts.The amended filing clarifies that authorized participants in the proposed ETF can only pay and receive cash for shares. However, Grayscale has left the names of its authorized […]
The US Securities and Exchange Commission (SEC) is speculated to approve a spot Bitcoin ETF, causing a surge in the digital asset market. Bitcoin experienced a 6% increase on the second day of 2024, surpassing $45,000 for the first time since April 2022. The anticipation surrounding the ETF approval suggests that Bitcoin will gain institutional […]
The XRP community is closely watching the ongoing legal case between Ripple and the SEC, especially after a recent ruling that declared Terra Luna as a security. XRP lawyer John Deaton has provided some insights into the differences between the two cases. While the Terra case had a significant impact on the crypto landscape, the […]
In 2023, the cryptocurrency industry experienced a mix of challenges and opportunities. Regulatory crackdowns and financial collapses shook the market, while new trends emerged.Several major banks, including Silicon Valley Bank, Signature Bank, and Silvergate, faced collapse, causing panic among customers and impacting crypto companies. Silvergate Bank’s closure led to the shutdown of its instant settlement […]
Dogecoin co-founder Billy Markus has criticized SEC Chairman Gary Gensler for his perceived ineffectiveness in regulating the cryptocurrency industry. Markus accuses Gensler of being “useless in every aspect” and suggests that he is not taking concrete actions to improve regulation in the sector.In a video, Gensler compared the crypto market to the “Wild West,” highlighting […]
There are questions surrounding the trial of Sam Bankman-Fried (SBF) and the silence from certain key figures, particularly Senator Elizabeth Warren. John E. Deaton, attorney for XRP holders, has raised thought-provoking questions about Warren’s apparent inaction regarding the fallout from SBF’s trial.One of the main concerns is the lack of investigation or indictments for Joe […]
Major asset management firms, including BlackRock and VanEck, have revised their filings with the U.S. Securities and Exchange Commission (SEC) for spot bitcoin exchange-traded funds (ETFs). This move indicates a potential shift in the regulatory stance towards cryptocurrency investment products. The revised filings outline the arrangements each firm has made with market makers to ensure […]
A banking giant with $1.80 trillion in assets under management, Credit Suisse, has been fined $3.9 million SGD ($2.90 million) by the Monetary Authority of Singapore (MAS) for making false statements to clients and overcharging customers. The MAS found that the bank’s relationship managers routinely violated Singapore’s Securities and Futures Act (SFA) of 2001 by […]
VanEck has made amendments to its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC). The updated filing removes the allowance for in-kind transactions involving Bitcoin, stating that only cash transactions will be permitted. The filing also mentions a potential partnership with Coinbase Custody as an additional custodian, although this is not […]
