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Indian Supreme court rejects crypto petition, highlights legislative nature
11.11.2023
Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature
Bank of Russia to Develop Digital Ruble Payment System With the UAE
11.11.2023
The Bank of Russia has announced it will create a joint payment system with the United Arab Emirates (UAE) using the digital ruble. Bank of Russia’s First Deputy Governor Olga Skorobogatova stated that the system would serve individuals and businesses alike and estimated its development would...
Standard Chartered’s SC Ventures Partners With SBI to Establish Digital Asset Joint Venture in UAE
11.11.2023
Standard Chartered’s ventures arm, SC Ventures, and Japanese conglomerate SBI Holdings are collaborating to establish a digital asset joint venture in the United Arab Emirates (UAE). “The joint venture will focus on investing in companies across the digital assets spectrum including...
Demand for Bitcoin could grow by up to 10X within 12 months: Michael Saylor
11.11.2023
The MicroStrategy co-founder emphasized that demand for Bitcoin will significantly ramp up following the halving next year
Swiss Financial Giant UBS Now Offers Crypto ETFs to Wealthy Clients in Hong Kong, Report
11.11.2023
UBS has reportedly begun offering wealthy clients access to some crypto exchange-traded funds (ETFs) in Hong Kong. Initially, the Swiss financial services giant is offering three crypto ETFs that have received regulatory approval from the Securities and Futures Commission. UBS Offering Crypto ETFs...
BlackRock argues SEC has no grounds to treat crypto futures and spot ETFs differently
11.11.2023
BlackRock questioned the SEC's preference for the 1940 Act that oversees futures ETFs, and argued that it lacks relevancy to both crypto-spot and futures ETFs
Grayscale ‘Constructively Engaging’ With SEC on Spot Bitcoin ETF, Says CEO
11.11.2023
Crypto asset manager Grayscale Investments is “constructively engaging” with the U.S. Securities and Exchange Commission (SEC) regarding its application to convert its flagship bitcoin trust into a spot bitcoin exchange-traded fund (ETF), says CEO Michael Sonnenshein. The executive...
US Regulator CFTC Files Record Number of Crypto Enforcement Actions This Year
11.11.2023
The Commodity Futures Trading Commission (CFTC) has revealed that it filed a record number of crypto enforcement actions this fiscal year. “In FY 2023, the CFTC brought 47 actions involving conduct related to digital asset commodities, representing more than 49% of all actions filed during...
ETH to Surpass $5,800 by End of 2025 — Experts See Lowest Price of $1,352 in 2023
10.11.2023
The U.S. dollar value of the cryptocurrency ether is predicted to end the year averaging $1,840 and $5,824 by the end of 2025, the latest Finder’s prediction report has said. Regulatory uncertainty and a challenging macroeconomic environment are likely to cause ether’s drop...
Best Crypto to Buy Now November 10 – Lido DAO, Ethereum Classic, Immutable
10.11.2023
LDO, ETC, IMX, BTCETF, and MK are considered the best crypto to buy now, following their significant market gains and developments. Image by cryptonews.com. Lido DAO’s LDO price has jumped over 22% in the past week, positioning it as potentially one of the best crypto to buy now. Likewise...
BlackRock Ethereum ETF Plans Spur On Bitcoin ETF Token Investors to Take Last Chance to Buy at Low $0.005 Price
10.11.2023
Bitcoin ETF Token Website Friday, November 10, 2023 – The emergence of BlackRock’s Ethereum ETF plans has sent the ETH price surging through the $2,000 mark and has injected even more FOMO into the race to invest in the Bitcoin ETF Token ($BTCETF). Meanwhile, Bitcoin is trading at $37,400 with...
CME Bitcoin Futures Open Interest Climbs Past Binance, Indicating Growing Institutional Demand
10.11.2023
The open interest for bitcoin futures on the CME Group has outstripped that of Binance’s futures market, with the former reaching an open interest of $4.06 billion and the latter at $3.87 billion, as bitcoin’s value climbs to new peaks. CME Leads Bitcoin Futures Rally as Open Interest...
Singapore startup dtcpay launches retail crypto payments system with Chinese partners
10.11.2023
Dtcpay, formerly Digital Treasures Center, is MAS-registered and already provides some point-of-sale and online crypto payment services
Binance Launches Web3 Wallet to ‘Lower the Barrier’ for Self Custody
10.11.2023
Binance has announced the launch of a new “self-custody” Web3 wallet aimed at simplifying the user experience and protecting user funds when using decentralized apps. The wallet features multi-party computation (MPC) tech, which Binance alleges allows users to manage the wallet without...
Liquidity Trends Suggest 'Uptober' Could Be the Start of a New Crypto Bull Run
10.11.2023
Stronger interest from institutional investors and a market with relatively few sellers could mean we’ve entered a new phase of the market, say FalconX’s Vivek Chauhan and David Lawant
Tether Achieves Lifetime High With $86.51B Valuation; Tron Version Surpasses ETH in Several Metrics
10.11.2023
This week, the leading stablecoin by market capitalization attained a valuation of $86.51 billion, following a supply surge of 3.6% in the past month. Currently, the Tron network holds approximately 45.82 billion USDT, while the Ethereum blockchain is home to 40.02 billion tethers, with...
New Study Explores “Gambler’s Fallacy” in Crypto Donations
10.11.2023
A new study released this week from a collective of four American business scholars highlights the potential opportunities and risks donors and charities face when dealing with cryptocurrency donations. The “gambler’s fallacy” In particular, the paper explores how cryptocurrency donors often fall...
Bitcoin Fund Holdings Hit All-Time High as Spot ETF Excitement Entices Crypto Investors
10.11.2023
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Maven 11 Targets $100 Million in Funding for Third Crypto Venture Fund
10.11.2023
Source: Adobe / Sutthiphong Amsterdam-based crypto venture capital firm Maven 11 has unveiled its third fund with a goal of securing $100 million. This research-driven fund will aim to invest in early-stage crypto projects that align with Maven 11’s mission to “redefine...
Bankrupt Crypto Lender Genesis Seeks Court Help to Reduce Settlement Payout to 3AC
10.11.2023
Source: Pexels Digital Currency Group’s (DCG) subsidiary Genesis Global is seeking approval from the US court to revise its settlement agreement with the bankrupt Three Arrows Capital Ltd (3AC). According to a document filed on November 9 with the US bankruptcy court of the Southern District...