The price of Ethereum jumped 18% as the SEC reconsiders it’s position on the approval of an Ethereum Spot ETF. On Monday, new developments suggest that the U.S. Securities and Exchange Commission (SEC) might be rethinking its stance on spot Ether (ETH) exchange-traded funds (ETFs). Bloomberg ETF analysts James Seyffart and Eric Balchunas have indicated…
U.S. Bankruptcy Judge Sean Lane approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return approximately $3 billion in cash and crypto to its creditors. This ruling means that its parent company, Digital Currency Group (DCG), will not recover anything from the bankruptcy proceedings. DCG Left with No Recovery…
U.S. authorities have arrested and charged a Taiwanese national with operating darknet drug bazaar Incognito Market, which he allegedly used to facilitate over $100 million in crypto-denominated sales of illegal narcotics including fentanyl. Source link
Stephanie Murphy, Tim Ryan, and Pat Toomey — all former U.S. lawmakers — are on the council advising Coinbase on regulatory matters. Kendrick Meek, previously serving as the House Representative for Florida’s 17th congressional district, has joined cryptocurrency exchange Coinbase’s council to address the digital asset regulatory landscape. In a May 20 X post, Coinbase…
Stefan Kimmel is the CEO of M2, an Abu Dhabi based crypto exchange that Kevin O’Leary has described as a next-generation crypto exchange. Why you should listen Based in Abu Dhabi, M2 is regulated by the Financial Services Regulatory Authority, as a trading platform and custodian. It is a part of wave of digital assets…
In a significant market move, the price of ether (ETH) surged more than 10% to $3.4K after Bloomberg analysts substantially increased the likelihood of the U.S. Securities and Exchange Commission (SEC) approving spot ETH exchange-traded funds (ETFs). Previously, markets had largely anticipated SEC rejections of proposed funds this week. Eric Balchunas, Bloomberg’s Senior ETF Analyst,…
The Bitcoin Asia conference held on May 9 and 10, 2024 in Hong Kong demonstrated a significant milestone in the adoption of bitcoin as a legitimate medium of exchange. This article outlines the strategies and technologies implemented to facilitate seamless bitcoin transactions for goods and services over the two days, leveraging the capabilities of self-custodial…
After a decade-long tenure at Grayscale Investments, Michael Sonnenshein is stepping down as chief executive officer of the cryptocurrency asset manager. He will be succeeded by Peter Mintzberg, currently serving as the global head of strategy for asset and wealth management at Goldman Sachs Asset Management. Mintzberg is set to assume the role of CEO…
Join Our Telegram channel to stay up to date on breaking news coverage Floki has been around since the last bull run. Analysts believe it has the potential to become one of the biggest meme coins because of its expanding ecosystem that goes beyond just being a meme. Furthermore, another project with similar capabilities is…
Ethereum is one of the most popular cryptocurrencies. Recently, there has been buzz about the potential approval of an Ethereum Exchange Traded Fund (ETF). This news has excited many in the crypto community. Let’s dive into what this means and how it could impact the market. What is an Ethereum ETF? An Ethereum ETF is…