The Securities and Exchange Commission (SEC) is considering its next steps in regards to the Bitcoin Exchange Traded Fund (ETF) applications. Analysts have suggested that the SEC may delay the applications before making a decision.The Bitcoin ETF has been a topic of discussion for some time now, with many investors hoping that the SEC will […]
Cathie Wood, CEO of ARK Invest, recently predicted that the total market capitalization of cryptocurrencies could increase by more than 2,100% in the next seven years. Wood believes that the approval of a Bitcoin exchange-traded fund (ETF) could be a catalyst for institutional investment in Bitcoin and other digital assets, driving up the total crypto […]
The US Securities and Exchange Commission (SEC) is facing increasing pressure to approve the first Bitcoin spot ETF for the US market. Bloomberg ETF analysts Eric Balchunas and James Seyffart have increased their odds of approval from 65% to 75% this year.The SEC has suffered a double loss after Grayscale Investments’ win in a review […]
The Securities and Exchange Commission (SEC) Chairman Gary Gensler is set to testify before Congress twice in September, once before the Senate Banking Committee and later the House Financial Services Committee. This follows criticism from lawmakers, particularly Republicans, who have accused Gensler of taking an overly aggressive approach to digital asset regulation without providing explicit […]
The SEC’s stance on the XRP token and its position in the market has been a topic of conversation recently, after a memo from 2018 sparked a new wave of discussion. Attorney John Deaton has provided insight into why SEC enforcement lawyers are holding back from providing clarity on Ripple’s position in the market.The memo […]
Bitcoin has seen a surge in price following a court ruling that could potentially lead to the US getting its first Bitcoin ETF. The US Securities and Exchange Commission (SEC) was ordered to “vacate” its rejection of Grayscale’s bid to convert its Grayscale Bitcoin Trust into an ETF. This could mean that the US is […]
Elon Musk’s social media giant, X (Twitter), has been granted a currency transmitter license in Rhode Island, allowing it to engage in various financial activities, including facilitating money transfers, enabling digital payments, and exploring the world of cryptocurrencies. This license places X in a favourable position to venture into cryptocurrency payments, as it encompasses traditional […]
XRP has seen a surge in its value after Grayscale’s legal victory against the U.S. Securities and Exchange Commission (SEC). This has signaled a bullish trend and investor confidence despite market difficulties. An unexpected transfer of 31 million XRP ($16.5 million) from Ripple to an unknown wallet has also been reported.The SEC’s defeat in the […]
US Representative Warren Davidson has been pushing for the removal of Gary Gensler as the chairman of the Securities and Exchange Commission (SEC) following Grayscale’s recent win in court against the agency. Industry stakeholders and the crypto community believe Gensler’s regulation by enforcement approach towards the crypto industry has caused more harm than good to […]
SEBA Hongkong is set to become the first licensed company in China to offer cryptocurrency services, providing a platform for regulated activities with digital assets. The global crypto bank provides financial solutions for the digital age in asset management, investment, trading and consulting. The company has announced that its regional subsidiary has received a fundamental […]
