featrued

A group of former Citigroup executives has unveiled a groundbreaking product known as bitcoin depository receipts. This innovative crypto offering does not require registration with the U.S. Securities and Exchange Commission (SEC). It aims to complement the forthcoming approval of spot bitcoin exchange-traded funds (ETFs) by the securities regulator. Introducing Receipts Depositary Corporation (RDC) Receipts […]

Celsius Network's Decision to Unstake Ethereum The cryptocurrency lender Celsius Network, which recently filed for Chapter 11 bankruptcy protection, has announced its plan to unstake a significant amount of ethereum (ETH). The company aims to use the unstaked funds to facilitate the distribution of assets to its creditors as part of its ongoing efforts to

Introduction Kevin O’Leary, the renowned Shark Tank investor also known as Mr. Wonderful, remains confident that institutional interest in cryptocurrency and bitcoin will continue to thrive regardless of the U.S. Securities and Exchange Commission (SEC)'s decision on spot bitcoin exchange-traded funds (ETFs). O'Leary emphasizes that even if the SEC decides against approving a spot bitcoin

U.S. Securities and Exchange Commission (SEC) Engages in Discussions with Major Exchanges The U.S. Securities and Exchange Commission (SEC) has reportedly held meetings with officials from major exchanges, such as the New York Stock Exchange (NYSE), Nasdaq, and Chicago Board Options Exchange (CBOE), to discuss spot bitcoin exchange-traded funds (ETFs). These discussions involved SEC staff

BTC Poised for Breakout in Early 2024 The anticipated approval of spot bitcoin exchange-traded funds (ETFs) applications by the U.S. Securities and Exchange Commission (SEC) is predicted to propel the price of the top crypto asset to $50,000 in January, according to the latest market preview by Matrixport. The crypto financial services platform also expects

FDUSD's Impressive Growth and Market Value Recent data reveals that the market capitalization of the newly introduced stablecoin, first digital usd (FDUSD), is rapidly approaching the $1 billion mark. Since its inception on August 4, 2023, FDUSD has experienced an astounding 253% increase in supply, positioning it as one of the most promising USD-pegged tokens

An Overview of BONK's Recent Performance The meme coin phenomenon bonk (BONK) has captured the attention of users on the Solana network. However, in the past two weeks, BONK has experienced a significant decline. Over the preceding fortnight, the cryptocurrency witnessed a 41% drop, accompanied by a 20.8% descent in the past week. Since reaching

The Outrage and Accusations The recent announcement by the U.S. Department of Justice (DOJ) regarding their decision not to proceed with a second trial against Sam Bankman-Fried (SBF), the disgraced founder of FTX, has sparked outrage within the crypto industry. Crypto exchange Coinbase has gone as far as calling this decision a "miscarriage of justice."

The cryptocurrency exchange Okx has made the decision to sever its ties with privacy coins, following in the footsteps of Binance. This move comes as regulatory pressure mounts on these types of cryptocurrencies. Okx has announced the removal of several spot trading pairs associated with privacy tokens such as monero, zcash, and dash. The exchange

The Challenge of Repatriating Funds The Indian Oil Ministry recently admitted that its initiative to pay for oil with rupees has not been successful due to concerns from suppliers regarding fund repatriation. The objective of this move was to reduce India's reliance on the U.S. dollar for cross-border transactions. High Costs of Converting Rupees During