Category Archive: Cryptocurrency, No picture
Justin Sun unveils USDD 2.0 with 20% APY: ‘Simply because we have plenty of money’
Key Takeaways Justin Sun announced USDD 2.0 will offer a 20% APY, subsidized by TRON DAO. Despite a market cap of $746 million, USDD remains far from competing with USDT and USDC. Share this article Justin Sun, founder of TRON blockchain, announced today that USDD 2.0 will offer a 20% annual percentage yield (APY), fully […]
Trump’s SEC to revise crypto policies reshaping enforcement rules
Key Takeaways Republican SEC commissioners plan to review crypto enforcement cases and clarify the definition of securities. Incoming SEC Chair Paul Atkins is expected to reverse the crackdown led by Gary Gensler, while focusing on fraud accountability. Share this article SEC’s Republican commissioners are preparing to overhaul the agency’s crypto policies as President-elect Donald Trump […]
US government says 120,000 Bitcoin seized from 2016 hack should be returned to Bitfinex
Key Takeaways A court has ruled that 120,000 Bitcoin from the 2016 Bitfinex hack must be returned to the exchange. The seized Bitcoin was originally worth $71 million and has appreciated to over $4 billion. Share this article A court has ruled that approximately 120,000 Bitcoin seized from the 2016 Bitfinex exchange hack should be […]
Rep. Tom Emmer appointed as vice chair of House Subcommittee on Digital Assets
Key Takeaways Rep. Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets. Emmer is a known crypto advocate, opposing strict federal regulations on digital assets. Share this article Rep. Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence, FOX Business […]
SEC files lawsuit against Elon Musk for securities law violation
Key Takeaways The SEC sued Elon Musk for failing to disclose his Twitter share purchases before acquiring the platform. Musk’s lawyer claims the SEC’s lawsuit is baseless and suggests no wrongdoing was committed. Share this article The US SEC has initiated a lawsuit against Elon Musk in federal court, alleging he failed to timely disclose […]
SEC delays decision on Bitwise 10 Crypto Index ETF application
Key Takeaways The SEC has extended the decision period for Bitwise’s ETF application to March 3, 2025. The Bitwise 10 Crypto Index Fund includes top crypto assets like Bitcoin, Ethereum, XRP, and Solana. Share this article The Securities and Exchange Commission (SEC) has extended its review period for the Bitwise 10 Crypto Index ETF application, […]
Bank of England takes next step in CBDC exploration with Digital Pound Lab
Key Takeaways The Bank of England launches the Digital Pound Lab to experiment with a central bank digital currency. The initiative aims to create a public-private platform to modernize payments and assess the feasibility of introducing a digital pound in the UK. Share this article The Bank of England is launching the Digital Pound Lab, […]
SEC Chair Gary Gensler says Bitcoin is speculative but likens it to gold
Key Takeaways Gensler calls Bitcoin a speculative asset with global appeal, comparing its widespread interest to gold during his CNBC exit interview. Gensler warned that most tokens besides Bitcoin might be regulated under securities laws. Share this article SEC Chair Gary Gensler compared Bitcoin to gold in a CNBC “Squawk Box” interview while discussing the […]
Bitwise CIO says corporate Bitcoin buying is set to explode
Key Takeaways Bitwise CIO Matt Hougan views corporate Bitcoin purchases as a megatrend. New accounting standards are encouraging more companies to add Bitcoin to their balance sheets. Share this article Matt Hougan, Bitwise Chief Investment Officer, predicted in a client note on Tuesday that hundreds of companies will buy Bitcoin for their treasuries over the […]
JPMorgan predicts Solana, XRP ETFs could draw up to $14 billion in first 12 months if approved
Key Takeaways JPMorgan estimates that Solana and XRP ETFs could attract up to $14 billion in investments within the first year if approved. Skepticism remains about the near-term approval of these ETFs given regulatory concerns about classifying tokens as securities. Share this article JPMorgan forecast that Solana and XRP ETFs could generate up to $14 […]
