As the U.S. presidential election approaches nearer, there is rising speculation over who could be the next SEC Chair. The current SEC Chair, Gary Gensler, appointed by Joe Biden in 2021 has been criticized over his stringent regulatory stance, particularly concerning cryptocurrency markets. Under Gensler, numerous enforcement actions have been taken against major entities. Therefore, …
In a first for the UK, a British pension fund has added Bitcoin to its balance sheet, allocating 3% of its portfolio to the cryptocurrency. Cartwright, the pension advisory firm behind this one-of-a-kind move, announced on Monday that it had advised the fund to make this strategic investment. According to Cartwright, Bitcoin’s potential as a …
Bernstein analysts predict a price target of $200,000 by the end of 2025 regardless of the US election outcome on Tuesday. While Trump is considered a pro-crypto candidate in comparison to Harris’ who might potentially have a hawkish take on crypto like the Democrats, however, the party has shown a significant shift in its stance …
The federal government is advancing crypto regulation in Pakistan by proposing a series of amendments to the State Bank of Pakistan (SBP) Act, which grants the SBP the authority to issue digital currency. These amendments aim to allow dual nationals to occupy key positions within the central bank and to legalize the use of digital …
The Monetary Authority of Singapore (MAS) has recently stated that it has planned to deepen its roots in the support for asset tokenization. Reportedly, Singapore’s central bank plans to enhance its liquidity and adoption of tokenization in the financial service sector. Notably, the central bank said that it will focus on forming commercial networks by …
The crypto market eagerly awaits the upcoming FOMC interest-rate decision by the US Federal Reserve this week. One of the highly anticipated events this week is expected to shape the sentiments in the digital assets space, potentially setting the path for Bitcoin and other altcoins.. Rate Cut Soon? The digital asset market has reacted positively …
XRP, currently the seventh largest cryptocurrency by market capitalization, has experienced a remarkable surge in trading volumes over the past 24 hours, jumping by more than 40%. This uptick in trading comes on the heels of a new update regarding the Ripple-SEC lawsuit, which is currently in the appeals phase. Just last week, the SEC …
DWF Labs’ Managing Partner, Andrei Grachev, announced potential legal action against Eugene Ng, a founding partner recently dismissed from the firm following allegations of drink spiking. Ng’s removal from DWF’s team page came after X user Hana accused him of drugging her drink during an October 24 meeting in Hong Kong, prompting police involvement. Grachev …
Concerns about Europe’s upcoming MiCA regulations and Vitalik Buterin’s plans to make Ethereum more efficient were the main focus of crypto investors this week.
Joining the ranks of several firms that have already initiated similar efforts, 21Shares has recently filed with the US Securities and Exchange Commission (SEC) to launch an XRP ETF. This filing, submitted today, signals the firm’s intention to offer an investment product centered around Ripple’s native cryptocurrency. 21Shares Files For XRP ETF Amid Rising Demand …
On October 31, the United States Court of Appeals for the Second Circuit, held at the Thurgood Marshall US Courthouse in New York, ordered the Securities and Exchange Commission (SEC) to file its brief on or before January 15, 2025. This follows the SEC’s request on October 24 to extend the deadline for its principal …
JPMorgan Chase has agreed to pay $151 million to settle five SEC charges, including allegations of misleading disclosures to clients. The SEC says the U.S.’s largest bank put customers at risk by failing to reveal conflicts of interest across several business lines fully. The settlement includes $61 million in fines and $90 million in reimbursements. …
In a bold and strategic move, Crypto.com has announced the acquisition of an SEC-registered broker-dealer and member of FINRA and SIPC, Watchdog Capital, LLC. This acquisition will enable Crypto.com’s new subsidiary to offer equities and equity options, among other things, to eligible traders in the U.S. The acquisition is set to significantly enhance Crypto.com’s product …
CZ made his first public appearance after being released from prison during the Binance Blockchain Week. Ahead of the upcoming US Presidential elections, Changpeng Zhao is hopeful about the future of global crypto regulations. He stated that cryptocurrency regulations are heading in a promising direction worldwide. Zhao implied that shifting views on cryptocurrency suggest growing …
Developing crypto regulations, along with a political shift toward cryptocurrencies, is a “very positive direction” for the industry, according to Changpeng Zhao.
Reputed crypto leaders and experts demand the upcoming US administration implement clearer crypto regulation policies. They warn that if the US fails to create a supportive framework for the industry, other countries will seize that opportunity, pushing the US far behind. With the US election, in which Republican candidate Donald Trump will compete against Democratic …
Just as Bitcoin hit the $70,000 level, the Bhutan Government has made a major move that has raised questions across the crypto community. The move follows as BTC price rallied over $71,000 amidst better market conditions, US elections, and technical strength in the Bitcoin chart. Bhutan Moves $66M Worth Of BTC Bhutan’s government has started …
The Leading American cryptocurrency exchange Gemini, run by the Winklevoss twins, has secured a regulatory win in Singapore, weeks after bidding goodbye to the Canadian market due to an unfavorable regulatory environment. A Step Closer- As per a report published by The Straits Times on October 29, the company received In-Principle approval from the Monetary …
In a fascinating twist for cryptocurrency enthusiasts, Bitpanda GmbH, a trading platform backed by billionaire Peter Thiel is gearing up for a major transformation. According to a recent Bloomberg report, they’re eyeing a potential initial public offering (IPO) in Frankfurt, as revealed by insiders. The Vienna-based company is currently collaborating with heavyweights Citigroup Inc. and …
A series of macro-economic events are lined up this week which could drive volatility into the crypto markets. The following US economic events could greatly impact the market ahead of the much-anticipated bull run. Nonfarm Payrolls (NFP) The Nonfarm Payrolls are a key highlight in this week’s events calendar. Released on the first Friday of …
As November 5 draws closer, all eyes are on the U.S. election, a day set to shape not only the country’s future but potentially the path of the cryptocurrency market. Forecasting platforms like Polymarket now predict that Republican candidate Donald Trump is more likely to win against Democratic candidate Kamala Harris. Within the crypto world, …
The ongoing legal battle between the SEC and Ripple Labs is heating up, as the SEC has formally requested an extension for its principal brief deadline, pushing it to January 15, 2025. Attorney Fred Rispoli pointed out that the SEC frequently seeks extensions not solely to delay proceedings, but because they are stretched thin with …
Ripple has submitted its civil appeal pre-argument statement, commonly referred to as Form C. One key question on everyone’s mind is whether an investment contract under Section Five of the Securities Act of 1993 must include essential elements that impose ongoing obligations on the seller and allow the buyer to demand profits from the seller’s …
Denmark is considering taxing unrealized gains on crypto assets to minimize the difference in tax treatment between digital assets and traditional asset holders. Denmark Eyes Taxing Unrealized Crypto Profits The Danish Tax Law Council has released an exhaustive 93-page report outlining several recommendations regarding digital asset tax treatment. Related Reading: Saxo Bank Forced To Sell […]
Ripple CEO Brad Garlinghouse recently addressed the buzz surrounding a potential initial public offering (IPO) for the company. In an interview on the Thinking Crypto podcast, he made it clear that going public isn’t a top priority right now. “An IPO has not been a high priority for us,” he stated, emphasizing that Ripple’s current …
Just before the deadline, blockchain company Ripple submitted Form C for its cross-appeal in the ongoing XRP lawsuit against the U.S. Securities and Exchange Commission (SEC). Attorney Bill Morgan expressed frustration over the SEC’s actions, suggesting that their appeal could be more about delaying the process than about confidence in their case. He said that …
The Dutch government is seeking public feedback on proposed laws aimed at aligning its crypto tax monitoring rules with EU regulations to enhance transparency. These laws would require crypto service providers, such as exchanges, to collect and share user data with the tax authority, thereby preventing tax avoidance. The Ministry of Finance emphasized that existing …
Recently Ripple has officially filed an appeal in its long-running legal showdown with the U.S. SEC, taking the case into a crucial phase. Attorney Jeremy Hogan, a key figure following the case, highlighted Ripple’s four main arguments, which could impact not just Ripple but the entire crypto industry. The appeal comes after the SEC challenged …
Thailand’s crypto market is transitioning from retail to institutional investment, according to Binance Thailand’s CEO, Nirun Fuwattananukul. Recent regulatory moves by the Thai SEC aim to mature the industry, allowing institutional-grade funds to invest in crypto products like U.S.-based spot ETFs. Fuwattananukul views this as crucial for Thailand’s fintech ambitions, fostering a balanced ecosystem for …
On Thursday, the United States Securities and Exchange Commission (SEC) filed with the US Court of Appeals for the Second Circuit to request an extension for the deadline for filing its principle brief by January 15, 2025. The filing was revealed by James K Filan, a defense lawyer and former federal prosecutor, through an X …