The U.S. Securities and Exchange Commission (SEC) has filed a motion to compel Ripple Labs to produce financial statements for the years 2022-2023 and post-complaint contracts governing institutional sales of XRP. This move has reignited interest in the ongoing SEC vs. Ripple case among XRP investors. The SEC’s request is part of the remedies-related discovery […]
The first spot Bitcoin exchange-traded funds (ETF) in the United States has been approved, paving the way for billions of dollars in institutional money to enter the market. On the first day of trading in January 2024, the total volume across ten spot Bitcoin ETFs reached over $4.5 billion. Grayscale Investments’ Bitcoin ETF alone handled […]
In a historic week for the cryptocurrency market, the US Securities and Exchange Commission (SEC) approved all eleven spot Bitcoin exchange-traded funds (ETF) applications. This approval allows institutional investors to directly participate in the cryptocurrency market through exchange-traded funds, providing a more regulated and accessible avenue for Bitcoin investment. Despite this, Bitcoin’s price has yet […]
Bitfinity, a leading blockchain technology firm, has successfully secured $7 million in a funding round. The round was led by notable investors such as Polychain Capital and ParaFi Capital. The company is pioneering the development of a sidechain that will connect the Virtual Machine (EVM) with the Internet Computer Protocol (ICP). This integration aims to […]
Bitcoin ETFs experienced a rocky start after their approval by the U.S. Securities and Exchange Commission (SEC), launching on the U.S. market with price setbacks. Despite official approval, trading is not open to all investors.Last Wednesday, for the first time in the United States, the SEC approved investors to actively trade the new Bitcoin Spot […]
Bitfinity, a leading blockchain technology firm, has successfully secured $7 million in a funding round. The round saw participation from notable investors such as Polychain Capital and ParaFi Capital. The company is pioneering the development of a sidechain that will connect the Virtual Machine (EVM) with the Internet Computer Protocol (ICP). This integration aims to […]
In a significant development in the financial markets, the debut of Bitcoin Exchange-Traded Funds (ETFs) has been led by trillion-dollar giants, marking a milestone in the decade-long journey to integrate cryptocurrency with mainstream financial markets. This follows the approval by the U.S. Securities and Exchange Commission, with trading commencing this Thursday.However, not all financial institutions […]
The Securities and Exchange Commission (SEC) has ignited a storm of controversy by approving the first wave of spot bitcoin exchange-traded funds (ETFs). This decision has sparked a heated debate among lawmakers over cryptocurrency regulation.Senator Elizabeth Warren (D-MA), a longtime voice of caution in the digital asset space, is leading the opposition to the SEC’s […]
Vanguard, the world’s second-largest asset manager, has declared that it will not support the purchase of any spot Bitcoin ETFs launched recently. The firm has taken a conservative stance on cryptocurrencies, stating that they do not form part of a “well-balanced” investment portfolio. This position starkly contrasts with that of its main competitor, BlackRock, which […]
The United States Securities and Exchange Commission (SEC) has recently filed a motion against Ripple, demanding the company to provide certain documents related to an ongoing lawsuit. Ripple, in response, is seeking a brief extension to meet the SEC’s demands for documentation regarding XRP sales.The legal conflict between the two entities, which began in December […]
