10 / 28 Relevant items tagged with #DigitalAssets
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Mixed Fortunes for US ETH ETFs: Blackrock, Fidelity and Bitwise Thrive Amid Market Shifts
[Aug 12 6:05 PM] Twenty days have passed since the debut of U.S. spot ethereum exchange-traded funds (ETFs), encompassing 14 trading sessions to date. During this period, the overall net inflows have dipped to a loss of $405.94 million. Nevertheless…
Digital Asset Fund Inflows Spike as Market Corrects, Ethereum Leads With $155M
[Aug 12 2:25 PM] Digital asset investment products saw a significant rebound in inflows, totaling $176 million, as investors took advantage of recent price corrections. According to Coinshares and its lead research analyst James Butterfill, ethereum was the…
Ripple Legal Chief Discusses Potential SEC Appeal After Final Ruling in XRP Case
[Aug 12 1:30 AM] Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is…
Bitcoin Reserves on Exchanges Hit 5-Year Low With $5.96B Withdrawn in 30 Days
[Aug 11 8:10 PM] According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily declining since early June…
SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures
[Aug 11 7:30 AM] The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu, current CEO Alfred Poor…
Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status
[Aug 11 6:30 AM] A Nigerian bitcoin proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets. The proponent said the lawsuit seeks to remove the blockade on cryptocurrency exchanges, ensuring all Nigerians…
Connecticut Police Recover $63,500 in Cryptocurrency Scam
[Aug 11 5:30 AM] Connecticut State Police (CSP), in collaboration with the Statewide Prosecution Bureau, said on Wednesday that they have successfully recovered over $63,500 for a victim of a cryptocurrency phishing scam. The incident, reported in April by a…
CFTC Pays $1M to Whistleblower in Digital Asset Case
[Aug 11 4:30 AM] The Commodity Futures Trading Commission paid a $1 million whistleblower award for information leading to an enforcement action in digital asset markets. CFTC Enforcement Director Ian McGinley said whistleblower tips are increasingly crucial as…
Putin Signs Law to Regulate Crypto Mining in Russia
[Aug 10 10:30 PM] Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations…
IRS Unveils Overhauled Crypto Tax Form With No Address Disclosure Requirements
[Aug 10 6:05 PM] The U.S. Internal Revenue Service (IRS) has unveiled an updated Form 1099-DA for reporting digital asset transactions, introducing key changes that may address past criticism and privacy issues. This new version, reportedly set to be partially…
Thailand launches regulatory sandbox to test crypto services
[Aug 9 12:08 PM] Thailand has been moving toward a more crypto-friendly stance throughout 2024, approving a Bitcoin ETF, initiating tax breaks for crypto and more.
Binance Security Team Recovers $73 Million in Stolen Crypto Funds This Year
Following Court Ruling, XRP Price Skyrockets as South Korea Leads the Charge
Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance
Nairobi Securities Exchange, Valour Sign MOU to Enable Trade of Digital Asset ETPs in Africa
[Aug 8 11:20 AM] Valour Inc. has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the issuance and trading of digital asset exchange-traded products in Africa. The NSE is hopeful the collaboration will…
Grayscale Launches 2 New Crypto Trusts Focused on AI and Scalable Blockchain Tech
[Aug 7 4:30 PM] Grayscale Investments has announced the launch of two new cryptocurrency investment trusts—Grayscale Bittensor Trust and Grayscale Sui Trust. These new offerings aim to provide accredited investors with targeted exposure to the burgeoning fields of…
SEC Challenges Coinbase’s Extensive Discovery Requests
Digital Asset Manager Coinshares Reports Strong Q2 2024 Earnings
[Aug 6 9:14 PM] Coinshares, a leading European digital asset investment firm, reported strong financial performance in the second quarter of 2024, highlighted by a significant increase in revenue and adjusted EBITDA. The company also navigated market challenges…
UK body proposes property category for crypto assets, SEC sued over status of NFTs: Law Decoded
[Aug 6 6:04 AM] The Law Commission’s final report urges the UK government to reclassify crypto assets, addressing current legal gaps.
French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation
[Aug 6 1:30 AM] The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This…
Market Panic: Bitwise CIO Reflects on Bitcoin’s Resilience Amid Market Turmoil
[Aug 5 11:30 PM] The chief investment officer at asset management firm Bitwise has addressed the current market downturn, drawing parallels with the market crash on March 12, 2020, when the Covid-19 pandemic caused global panic. “People smash the sell button…
New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes
[Aug 5 12:30 AM] U.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. This legislation addresses the growing use of cryptocurrencies for illicit activities and mandates the Government Accountability…
US Lawmaker Hosts Meeting to Help Kamala Harris Gain Crypto Industry Support
[Aug 4 4:25 PM] U.S. Congressman Ro Khanna will host a meeting to help Vice President Kamala Harris improve her relationship with the cryptocurrency industry. This is the second event of its kind in two months to aid Harris’ campaign efforts amid the Biden…
Trump Suggests Paying off $35 Trillion National Debt With Bitcoin — Wants US to Be Leader in Crypto
[Aug 4 12:30 AM] Former U.S. President Donald Trump emphasized the importance of the U.S. leading in cryptocurrency, suggesting that the government could pay off its $35 trillion national debt with bitcoin. He described crypto as “a different form of…
Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report
[Aug 3 8:50 PM] Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s…
US Senators Flooded With 2,200 Letters Advocating Bitcoin as Strategic Reserve
[Aug 3 6:45 PM] U.S. senators received over 2,200 letters within 48 hours advocating for Senator Cynthia Lummis’ bill to make bitcoin a strategic reserve. The bill proposes the U.S. government acquire a significant bitcoin reserve to bolster the U.S. dollar…
Crypto leaders, Harris campaign officials to hold roundtable
[Aug 3 11:30 AM] The roundtable hosted by Representative Ro Khanna is an opportunity for the cryptocurrency industry to influence the policy direction of Vice President Kamala Harris’s election campaign.
Bitcoin and Crypto to Gain as Falling Rates Expand Global Liquidity, Says 21shares VP
[Aug 3 2:30 AM] The head of strategy at crypto investment firm 21shares has explained that the broad-based bitcoin selloff following the Federal Reserve’s decision to keep interest rates unchanged was partly due to increasing geopolitical tensions in the…
French regulator accepting CASP applications ahead of MiCA rollout
[Aug 2 9:32 PM] The AMF is giving firms registered under its current DASP rules ample time to transition, too.