Key Takeaways Kraken, a major cryptocurrency exchange, is facing legal action from the U.S. Securities and Exchange Commission (SEC), which alleges that the platform operated as a securities exchange without obtaining the necessary registration. The SEC contends that Kraken commingled…
Key Takeaways Amid delays in SEC decisions on spot Bitcoin exchange-traded fund (ETF) applications by Franklin Templeton and Global X, BitGo’s CEO, Mike Belshe, remains optimistic about the imminent approval of a spot Bitcoin ETF. This investment vehicle allows ordinary…
Key Takeaways Money management giant Fidelity has filed for the creation of an exchange-traded fund (ETF) focused on Ethereum’s ether (ETH). The proposed Fidelity Ethereum Fund aims to be listed by an exchange owned by Cboe Global Markets, as revealed…
Key Takeaways In a groundbreaking move, Singapore’s Monetary Authority (MAS) has launched a pilot program for the live issuance of a central bank digital currency (CBDC) based on the Singapore dollar. MAS Managing Director Ravi Menon made the announcement at…
Key Takeaways In a strategic move aimed at bolstering its economic standing, Turkey is on the brink of implementing comprehensive regulations for its rapidly expanding crypto market. The key objective is to guide the nation out of the Financial Action…
The Internal Revenue Service has proposed to establish a tax policy for digital assets including cryptocurrencies. This has the industry in an uproar and investors in crypto plan to have their say in IRS hearings held on the subject. Even…
Key Takeaways In a recent turn of events, the cryptocurrency industry experienced shockwaves as a fake application sparked a massive price pump and dump for XRP. The bogus filing, labeled “BlackRock iShares XRP Trust,” appeared on November 14 in Delaware,…
Key Takeaways Hong Kong-based institutional cryptocurrency asset custodian, Hex Trust, has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), marking the final step in its regulatory approval process. The approval allows Hex Trust…
With the rise in popularity of cryptocurrencies, more and more online poker sites are accepting digital currencies as a form of payment. However, not all crypto poker sites may suit the needs of every player. This guide will look at…
Key Takeaways A group of former FTX leaders, led by ex-FTX General Counsel Can Sun is reportedly working on building a new crypto exchange. Can Sun, who testified against FTX Founder Sam Bankman-Fried at his criminal trial, is leading Backpack’s…
