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SEC Delays Decision On Spot Bitcoin ETF Yet Again
Friday, August 11, 2023 - 1:47pm | 580The U.S. Securities and Exchange Commission (SEC) once again postponed its verdict on the spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) put forward by ARK Investment Management. The SEC on Aug. 11 initiated a 21-day public comment window for the ARK 21Shares Bitcoin ETF, marking another...
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BIS, Ripple Team Up To Make Cross-Border Payments Faster And Cheaper
Thursday, August 10, 2023 - 3:03pm | 470The Bank for International Settlements (BIS) unveiled a new initiative called the Payments Interoperability and Extension (PIE) task force, which will feature the participation of the blockchain-powered payment platform Ripple (CRYPTO: XRP). In a recap of the PIE task force gathering held on...
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Bitcoin Could Surge With SEC's Spot ETF Approvals; Matrixport Urges 'Upside Exposure'
Thursday, August 10, 2023 - 2:05pm | 452Crypto-services provider Matrixport on Thursday said that the U.S. Securities and Exchange Commission (SEC) might greenlight multiple spot bitcoin exchange-traded funds (ETFs) in the near future. This move could potentially boost the value of the leading cryptocurrency, Coindesk reported....
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Bitstamp To Halt Trading Of Polygon, Chiliz And Other Altcoins: Is SEC To Blame?
Wednesday, August 9, 2023 - 12:36pm | 542Bitstamp will "permanently" halt trading for a selection of altcoins for its clientele based in the U.S. What Happened: The crypto exchange stated that it has a "comprehensive framework in place to continuously evaluate" cryptocurrencies and that it takes into account "the...
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Bitcoin, Ether Focus Of New ETF Proposals By ProShares And Bitwise To SEC
Friday, August 4, 2023 - 12:01pm | 422ProShares and Bitwise have submitted proposals to the U.S. Securities and Exchange Commission (SEC) for the establishment of an exchange-traded fund (ETF) that would concentrate on Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH). As per the application from ProShares, the Bitcoin and Ether Equal...
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Coinbase Faces Tech Issues Amid Regulatory Challenges
Monday, July 31, 2023 - 2:37pm | 339Coinbase Global (NASDAQ: COIN) is reportedly experiencing technical difficulties. The company's support team announced on Twitter that users were facing intermittent failures when logging in, initiating trades, and accessing the Earn page on both the Coinbase website and mobile app. The company...
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Analysts React To XRP's Landmark Win Against SEC, But Is A Crypto Rally Justified?
Friday, July 14, 2023 - 10:46am | 513Broker Bernstein highlighted that while the U.S. district court found institutional sales of Ripple's (CRYPTO: XRP) token to be in violation of securities law, the fact that it's not considered a security when sold through exchanges or programmatic sales is a major victory for the crypto...
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Why JPMorgan Says Bitcoin ETF Is No Big Deal
Friday, July 7, 2023 - 10:46am | 625JPMorgan Chase & Co (NYSE: JPM) expressed skepticism about the potential impact of approval of a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). According to the banking giant, despite heightened optimism about the SEC granting...
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Fidelity's Bitcoin ETF Filing: A Potential Tipping Point For Crypto Adoption?
Tuesday, June 27, 2023 - 2:48pm | 594Fidelity, a leading asset management firm, is reportedly on the verge of filing for a Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF), joining a growing number of issuers eager to introduce such a product. An insider with knowledge of Fidelity's plans indicated that the filing could be made as...
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Coinbase Rulemaking Request Still Under SEC Scrutiny, No Resolution In Sight
Wednesday, June 14, 2023 - 10:22am | 463The U.S. Securities and Exchange Commission (SEC) clarified on Tuesday that it has not yet reached a resolution on Coinbase Global Inc's (NASDAQ: COIN) request for rulemaking. The statement was made in response to a court order inquiring about the regulator's stance on Coinbase's...
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Gemini Twins Set Sights On UAE: Winklevoss Brothers Seek Digital-Asset License
Thursday, June 1, 2023 - 11:07am | 384Tyler and Cameron Winklevoss, billionaire twins and founders of the Gemini crypto exchange, are turning their ambitions to the United Arab Emirates (UAE) as they plan to seek a digital-asset license in the country. The move, unveiled in a recent Gemini Twitter announcement, marks the initial...
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Bitcoin Tumbles, Ether Slumps While Memecoins Like Pepe Crash — What's Happening?
Friday, May 12, 2023 - 10:18am | 581Bitcoin (CRYPTO: BTC) dipped below $27,000 for the second consecutive day, mirroring its late March figures. At the time of reporting, the most significant digital currency by market size was priced around $27,370 — a 4% decline from the previous day. Throughout the season, Bitcoin's...
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Sending Crypto As Easy As Texting: Wallet Bot Adds USDT Transfers On Telegram
Wednesday, March 22, 2023 - 2:59pm | 379Telegram users can now send each other Tether (CRYPTO: USDT), the world's largest stablecoin by market cap, within chats in the messaging app. What Happened: This service has been added to @wallet bot on Telegram, which expanded the app's capacity for buying and selling crypto, according to...
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Investors' Life Savings At Risk As Binance.US's Acquisition Of Voyager Digital's Assets Faces Regulatory Backlash
Friday, March 10, 2023 - 10:52am | 372The U.S. Department of Justice (DOJ) filed an appeal late Thursday evening challenging the decision of a New York bankruptcy judge to approve Binance.US's billion-dollar acquisition plan for bankrupt cryptocurrency lender Voyager Digital's assets. The appeal was filed by the U.S....
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Crypto Investors, Beware: Proof Of Reserve Audits Don't Prove Anything, SEC Warns
Friday, December 23, 2022 - 1:18pm | 369Cryptocurrency companies have been publishing audits, or so-called proof-of-reserve reports, to gain investor confidence on the heels of the FTX collapse. But the U.S. Securities and Exchange Commission (SEC) says investors should take those reports with a grain of salt. “Investors should not...