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Coinbase Commerce Removes Native Bitcoin Payment Support for Merchants – What’s Going On?
19.2.2024
Coinbase has removed support for native Bitcoin (BTC) and other UTXO (Unspent Transaction Output) coins on its payment platform for merchants, Coinbase Commerce. In a recent post on X, Lauren Dowling, the exchange’s head of product, said that the removal of native Bitcoin and UTXO support...
VanEck Fined by SEC for ETF Marketing Blunder
19.2.2024
VanEck has been fined $1.75 million by the Securities and Exchange Commission (SEC) after failure to disclose a social media influencer’s role in the launch of an exchange-traded fund (ETF). In March 2021, Van Eck launched a “Social Sentiment ETF” trading under the ticker “BUZZ.” The ETF tracks...
FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims
18.2.2024
FTX creditors have filed a class-action lawsuit against the law firm overseeing the exchange’s bankruptcy, Sullivan & Cromwell (S&C). The creditors allege that S&C actively participated in FTX Group’s multibillion-dollar fraud and benefited financially from it. According...
Bitwise Chief Investment Officer Foresees Bitcoin Price Surpassing $80,000 Amid ETF Boom
18.2.2024
The price of Bitcoin (BTC) is expected to soar beyond $80,000 this year thanks to the recent success of exchange-traded funds (ETFs), according to Bitwise Chief Investment Officer Matt Hougan. The approval of Bitcoin ETFs has shattered records and triggered an influx of funds into...
Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
17.2.2024
In the first month of 2024, Nigeria’s headline inflation rose from nearly one percent to 29.9%. However, on a year-on-year basis, the January 2024 headline inflation rate was 8.08 percentage points higher than the January 2023 rate. Many commentators identify foreign exchange shortages as...
Revolut To Roll Out “Invite-Only” Crypto Exchange
16.2.2024
Banking services provider Revolut is set to debut a new “invite-only” crypto exchange, according to a February 16 report. A U.K.-based customer email confirmed by CoinDesk stated that Revolut is launching a new crypto exchange with advanced traders in mind. Revolut’s ‘Standalone’...
U.S. Banks Push SEC For Key Changes In Crypto Regulation Following Spot-Bitcoin ETF Exclusion
16.2.2024
U.S. Banks are pushing for the United States Securities and Exchange Commission (SEC) to change its controversial Staff Accounting Bulletin 121 (SAB 121) after they were excluded from serving as asset custodians for spot-Bitcoin exchange-traded funds (ETFs), according to a February 14th letter from...
Bitcoin Should Remain Well-Supported On Institutional Inflows For Several Months: Coinbase Research
16.2.2024
Coinbase research analysts project adequate support for Bitcoin (BTC) in the market for the next three to six months due to institutional inflows. The institutional research arm of the digital asset exchange explained the trajectory of Bitcoin, Ethereum, and other on-chain data post-ETF approvals...
Coinbase Transaction Revenue Hits New High, Surpassing Q4 Expectation – Crypto Adoption Rising?
16.2.2024
In its quarterly report to shareholders, Coinbase posted a 64% jump in transaction revenue to take in $529.3 million in Q4, 2023. The increase in transactions was due to anticipation for the launch of spot Bitcoin exchange-traded funds (ETFs). Widely considered an important step in Bitcoin’s...
Revolut to Introduce Crypto Exchange Targeting 'Advanced Traders'
16.2.2024
Digital bank Revolut is set to release a cryptocurrency exchange targeting "advanced traders," according to an email sent to customers that was seen by CoinDesk
Coinbase Analysts Turn More Bullish on Crypto Exchange After Earnings Beat; Shares Climb
16.2.2024
Higher crypto prices will have a positive effect on the exchange’s revenue, the analysts said
Coinbase sales rose to $954M in Q4 amid market bounce
16.2.2024
Coinbase reported a surge in its revenue in the fourth quarter of the previous year, that is, 2023. The revenue jumped to $954 million, with trading volume up to $154 billion. That includes the institutional volume of $125 billion. The surge came amid the market rebound. Most of it is credited...
Cathie Wood’s ARK Sells More Coinbase Stock Amid Bitcoin Surge
16.2.2024
ARK Invest, the asset management firm led by prominent Bitcoin (BTC) advocate Cathie Wood, has sold a significant amount of Coinbase stock ahead of the crypto exchange’s impressive earnings report. According to a filing on Thursday, ARK Invest sold $34.3 million worth of Coinbase shares from...
Jupiter’s Compliance Team Blocks Crypto ETP Investment: Report
16.2.2024
Jupiter Asset Management’s compliance team blocked its team from having any exposure to a cryptocurrency exchange-traded product (ETP) in one of its Irish UCITs funds, according to a Financial Times report. The reason for blocking investment was due to, “divergent regulatory approaches in the EU.”...
VanEck Slashes Bitcoin ETF Fees Down to 0.20% in Competitive Market
16.2.2024
VanEck has slashed its fees for the HODL exchange-traded fund (ETF), the VanEck Bitcoin Trust down to 0.20% from 0.25% according to a recent filing submitted to the Securities and Exchange Commission. Nearly a dozen Bitcoin ETFs are competing for investor attention in a saturated market. BlackRock...
Pro-Crypto US Attorney Considers Challenging Elizabeth Warren in Massachusetts Senate Race
15.2.2024
John Deaton, a U.S. lawyer known for his pro-crypto stance, is reportedly considering a run against Massachusetts Senator Elizabeth Warren. The Republicans are eager to nominate a formidable candidate against Warren. This strategy could compel her to concentrate on her political survival...
Crypto for Advisors: Impact of the Spot Bitcoin ETFs for Portfolios
15.2.2024
The approval of the spot bitcoin ETFs constituted a landmark event for the $1.7 trillion digital asset industry. With institutional investors on board, demand for bitcoin will grow significantly
Debt Box Urges Utah Federal Judge to Reject SEC’s Motion to Dismiss Enforcement Action
15.2.2024
Debt Box, a software firm entangled in a legal battle with the United States Securities and Exchange Commission (SEC), has launched a countermove against the regulatory body’s attempt to dismiss the case. Filed on February 14, Debt Box’s response characterized the SEC’s motion as a strategic...
Crypto Miner Phoenix Group Reports 50% Jump in Net Income
15.2.2024
UAE-based blockchain mining firm Phoenix Group said it has seen a 50% growth in net income and a “substantial increase” in year-on-year sales following its initial public offering (IPO) on the Abu Dhabi Stock Exchange. In an announcement, Phoenix Group said sales experienced a surge of...
Binance’s Trading Volume Soars with FDUSD Stablecoin Pairs Leading the Charge
15.2.2024
The trading pairs involving First Digital USD (FDUSD) have seen a surge in trading volume on Binance, reaching its highest share ever in spot trading volume on the exchange. On February 12, FDUSD pairs accounted for 38% of Binance’s total spot trading volume, marking a substantial 42.6%...