Category Archive: Cryptocurrency, No picture
Visa launches platform for banks to launch and test tokenized assets
Key Takeaways Visa launches VTAP to help banks issue and test fiat-backed tokens on blockchains. BBVA is testing the platform and plans to launch a pilot on Ethereum in 2025. Share this article Visa has introduced a new platform to assist banks in issuing and testing fiat-backed tokens, as reported by Blockworks. The Visa Tokenized […]
Kamala Harris likely to fire Gary Gensler if elected, says Mark Cuban
Key Takeaways Mark Cuban suggests Kamala Harris may remove Gary Gensler as SEC Chair if elected. Gensler faced criticism in Congress over unclear crypto asset definitions and regulations. Share this article Billionaire Mark Cuban stated that Vice President Kamala Harris’ team opposes “regulation through litigation,” suggesting Gary Gensler could be removed as Chairman of the […]
CELO jumps 25% after project gains endorsement from Vitalik Buterin
Key Takeaways Celo’s transition to Ethereum L2 marks a significant network enhancement. Major stablecoins like USDC and USDT have expanded their presence on Celo in 2024. Share this article CELO, the native utility token of the Celo platform, surged around 25% to $0.68 after Vitalik Buterin, the Ethereum co-founder, praised the project’s recent achievement in […]
BlackRock Bitcoin, Ethereum ETFs notch $158 million net inflows amid market recovery
Key Takeaways BlackRock’s Bitcoin and Ethereum ETFs experienced a huge influx of $158 million in one day. Global monetary policies, including US rate cuts and China’s stimulus, boost crypto market confidence. Share this article BlackRock’s spot Bitcoin and Ethereum exchange-traded funds, the iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA) collectively drew in around $158 […]
SEC pushes back decision to open up options trading on spot Ethereum ETFs
Key Takeaways The SEC has extended the decision deadline for Ethereum ETF options trading to mid-November. Recent SEC approval of Bitcoin ETF options could signal positive outcomes for spot Ethereum products. Share this article The US Securities and Exchange Commission (SEC) has postponed its decision on whether it will approve a rule change allowing options […]
DOJ files antitrust lawsuit against Visa
Key Takeaways Visa controls over 60% of U.S. debit transactions, with the DOJ accusing it of using its dominance to stifle competition and raise fees. The DOJ accuses Visa of using restrictive agreements to maintain market dominance. Share this article The US Department of Justice (DOJ) has filed a civil antitrust lawsuit against Visa, alleging […]
Ex-Alameda CEO Caroline Ellison sentenced to two years in prison for FTX fraud role
Key Takeaways Ellison gets 2-year sentence for FTX fraud role, cooperation cited in leniency Judge Kaplan said SBF was Ellison’s ‘kryptonite’ Share this article Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison Tuesday by a Manhattan court for her role in the multibillion-dollar FTX crypto exchange fraud. Judge […]
Bny Mellon’s crypto custody move could disrupt Coinbase’s ETF dominance
Key Takeaways BNY Mellon gains SEC exemption to expand digital asset services. BNY Mellon to bypass balance-sheet liabilities for crypto custody. Share this article BNY Mellon, is moving closer to offering custodial services for Bitcoin and Ether held by ETF clients, according to a report by Bloomberg. BNY Mellon’s entry into the crypto custody market […]
SEC charges TrustToken and TrueCoin for misleading stablecoin investments
Key Takeaways TrustToken and TrueCoin settled with the SEC over misleading TUSD investment practices. TrustToken and TrueCoin falsely claimed stablecoin was fully backed by U.S. dollars while investing in risky offshore funds. Share this article The SEC has announced settled charges against crypto enterprises TrustToken and TrueCoin for their roles in misleading investors about the […]
Gold breaks all-time high as Bitcoin surges 7% in September in face of economic decline
Key Takeaways Central banks and institutions are significantly increasing gold buying as the economic outlook worsens. The declining US Dollar Index has made gold more attractive to foreign investors, boosting demand. Share this article Bitcoin is aiming for a new all-time high as gold reaches its own record today, up 28% in 2024 and on […]
