SEC vs. Ripple: One year on since landmark ruling

While challenges remain, Ripples victory has set a precedent that could shape the future of the cryptocurrency industry for years to come.

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SEC doesnt want Ethereum to transform banking landscape, says Joseph Lubin

Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of meaningful discourse with the cryptocurrency industry.

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Nigerias foreign investment at risk due to Binance bribery allegations

SBM Intelligence emphasized that detaining foreign business officials could make it challenging for the country to attract investors.

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Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide

This week marked a milestone as the number of Ordinal inscriptions minted on the Bitcoin blockchain crossed the impressive 20 million threshold. But despite this achievement, Bitcoin-based non-fungible token (NFT) or Ordinal marketplace sales have witnessed a downturn since mid-July. Once consistently taking the second spot week after week in the NFT sales ranking, Bitcoin-based [...]

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Predicting the Future: How PMIs Roadmap is Shaping the Post-Trump Bitcoin Landscape

The recent impact of Trump’s comments on Bitcoin on the price of the cryptocurrency and the Purchasing Managers’ Index (PMI) has raised questions about the roadmap for the business cycle. The intersection of political rhetoric and market movements has become more pronounced in today’s interconnected global economy. President Trump’s tweets and statements about Bitcoin have [...]

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What Is a Bitcoin ETF, and Why Does Everyone from Blackrock to Fidelity Want One?

In brief An ETF, or exchange-traded fund, is a publicly-traded investment vehicle that tracks the value of its underlying asset—such as Bitcoin. Shares in a Bitcoin ETF would be tradable on a traditional stock exchange. The SEC has repeatedly rejected proposals for Bitcoin ETFs in the U.S., but there is new optimism in 2021 that [...]

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Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution

The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headlines. An official letter to the bankruptcy judge representing their cases has affirmed the intent of the firms to put [...]

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What Is a Wells Notice and What Does It Mean?

As the crypto industry continues to seek regulatory clarity from regulators in Washington, D.C., regulators are nonetheless taking targeted action against a variety of players in the space. The U.S. Securities and Exchange Commission in particular has been busier than ever, investigating and fining crypto firms that it asserts are selling unregistered securities. On March [...]

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US Rep. Steil highlights massive cryptocurrency opportunity amidst shifting political landscape

The evolving political environment presents a significant opportunity for the cryptocurrency industry, as highlighted by US Representative Bryan Steil. The intersection of politics and digital assets is a compelling space where innovation and regulation meet. Steil emphasized the need for policymakers to better understand the potential benefits of cryptocurrencies and blockchain technology. Steil acknowledged that [...]

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Uniswap Launches Unichain Mainnet, Enters Competitive ETH Layer 2 Landscape

Uniswap’s Unichain Mainnet is now part of the Ethereum Layer 2 ecosystem, paving the way for more efficient and cost-effective decentralized exchanges. Uniswap, one of the leading decentralized exchange protocols, has announced the integration of its Unichain Mainnet with the Ethereum Layer 2 ecosystem. This development promises to enhance the scalability and user experience of [...]

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UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the [...]

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Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape [...]

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Etoro to Delist ALGO, MANA, DASH, and MATIC for US Customers Amid ‘Evolving Regulatory Landscape’

The social trading and investment company Etoro declared on Monday that starting July 12, 2023, U.S. customers would be unable to initiate new trades for ALGO, MANA, DASH, and MATIC. The company cited the “rapidly evolving regulatory landscape” as the reason behind the delistings. Etoro Reveals Plans to Delist 4 Crypto Assets Based in Tel

The post Etoro to Delist ALGO, MANA, DASH, and MATIC for US Customers Amid ‘Evolving Regulatory Landscape’ appeared first on BTC Ethereum Crypto Currency Blog.

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Singapore’s Crypto.com to Halt US Institutional Division Citing ‘Limited Demand’

Singapore-based cryptocurrency exchange Crypto.com announced that it intends to halt services for institutional traders in the United States on June 21, 2023. The exchange cited “limited demand” as the reason for suspending its institutional offering. Crypto.com to Cease U.S. Institutional Services on June 21 Crypto.com, the Singapore-based cryptocurrency exchange with 80 million customers worldwide, announced

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Bitcoin’s 2024 Halving Presents New Challenges: A Deep Dive Into the Future of Mining Rewards

As we wrap up the initial six months of 2023, the Bitcoin network inches closer to a significant milestone — the impending block reward halving, which lies just under 300 days ahead. Projections indicate that this event is slated to take place between April 21 and 27, 2024, leading to a substantial reduction of 50% [...]

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Which Crypto Transactions Are NOT Taxable? How To Minimize Your Crypto Taxes

Need help with your crypto taxes over the long weekend? Check out The Decrypt 2023 U.S. Tax Guide. It’s free, and there’s a fun quiz at the end so you can receive a free Proof-of-Knowledge certificate in the form of an NFT. For U.S. citizens, there are really only two ways to not pay crypto taxes [...]

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Dollar-Based Stablecoins to Strengthen Greenback, CZ Says, Thinks DeSantis ‘Is Great’

The regulatory environment in the U.S. doesn’t look good for crypto but the United States has the potential to lead again, according to Binance CEO Changpeng Zhao (CZ). The founder of the world’s largest digital asset exchange is convinced stablecoins can increase use cases for the U.S. dollar and praises the pro-crypto stance of Republican [...]

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