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There Is a World of Web3 Outside the U.S. and Europe
16.11.2023
Blackrock Officially Submits Ethereum ETF Proposal to US Securities Regulator
16.11.2023
Blackrock, the world’s largest asset manager, has taken a significant step by officially filing its Ethereum Trust S-1 form with the U.S. Securities and Exchange Commission (SEC). This move is to introduce a spot ethereum exchange-traded fund (ETF) on Nasdaq. This development comes on...
SEC Postpones Decision on Hashdex Spot Bitcoin ETF and Grayscale Ether ETF
16.11.2023
Source: Hashdex The U.S. Securities and Exchange Commission has postponed its decision on the approval of Hashdex Bitcoin ETF and Grayscale Ethereum Futures Trust ETF. The SEC published a document that addresses to the deferral of Hashdex’s filing. Hashdex previously filed to convert its current...
U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules
16.11.2023
A letter by a bipartisan group of U.S. lawmakers has urged the U.S. Treasury to revise its proposed digital-assets taxation regime
IRS Says US Taxpayers Are the Most Targeted for Pig Butchering Crypto Scams
16.11.2023
The Internal Revenue Service (IRS) has issued a warning about pig butchering cryptocurrency scams. IRS Criminal Investigation special agents stressed that these schemes are popping up across the globe, emphasizing: “U.S. taxpayers are currently the most targeted population for pig butchering...
Coinbase Expects Spot Bitcoin ETFs to Add Billions to Crypto Market — Says SEC Approval Possible by Year-End
16.11.2023
Cryptocurrency exchange Coinbase says spot bitcoin exchange-traded funds (ETFs) could add billions of dollars to the total crypto market cap. Coinbase also believes that the chances of one or more spot bitcoin ETFs being approved by the U.S. Securities and Exchange Commission (SEC) before the...
Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations
16.11.2023
Paxos, a cryptocurrency brokerage firm, has received a preliminary license from regulators to offer digital payment token services in Singapore, the company said Wednesday in a statement
SEC Announces ‘Highly Productive’ Year for Crypto Enforcement Actions
16.11.2023
The U.S. Securities and Exchange Commission (SEC) has published its latest enforcement results relating to crypto assets. “Fiscal year 2023 was another highly productive and impactful year for the SEC’s enforcement efforts relating to crypto asset securities,” the regulator described....
CFTC Chairman: U.S. Regulators Lack Authority to Prevent Another Major Crypto Collapse
15.11.2023
Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam has stated that U.S. regulators lack the authority to preemptively prevent another major crypto collapse similar to the FTX incident. Speaking at the Financial Markets Quality Conference 2023 at Georgetown University, Behnam...
Solana Soars 19% Amid Market Consolidation, Commands Notable ‘Kimchi Premium’ in South Korea
15.11.2023
Bitcoin and ethereum have remained stable on Wednesday, showing little change in their values recently. In contrast, solana (SOL) experienced a notable surge, climbing over 19% against the U.S. dollar, moving from a low of $52.92 to a peak of $63.32. Despite a minor decrease following its rise into...
U.S. CBDC Is Unlikely in the Near Term: Bank of America
15.11.2023
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said
US SEC to Decide on Two Spot Bitcoin ETFs by Nov. 17
15.11.2023
Source: Pixabay / tombark The U.S. Securities and Exchange Commission is scheduled to announce its decisions on two Bitcoin exchange-traded funds (ETFs) by Nov.17, according to Bloomberg Intelligence. Okay, we're nearing in on deadline dates for 3 spot #Bitcoin ETF applications. I want to...
Kevin O’Leary Warns Spot Bitcoin ETF Approval Could Be 18 Months Away
15.11.2023
Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, has cautioned that it could take another year and a half for the U.S. Securities and Exchange Commission (SEC) to approve a spot bitcoin exchange-traded fund (ETF). He emphasized that we will not see a spot bitcoin ETF in the U.S. until...
Adrian Day Warns of ‘Inevitable’ US Recession, Describes it as a ‘Freight Train Heading Towards Us’
15.11.2023
In a recent interview, Adrian Day, CEO of Adrian Day Asset Management, shared his insights, positing a looming economic downturn in the U.S. Day critically analyzed the Federal Reserve’s actions, explaining their expected impacts on the nation’s economy. Adrian Day: Recession Looms Like...
K-pop Agency Modhaus Announces $8 Million Series A Investment
14.11.2023
Source: Pixabay A South Korean blockchain-based K-pop startup has raised $8 million in its series A funding round. Modhaus announced in a statement today that the series A funding round has pushed their total fundraising to $12 million overall. The funding round was led by U.S. investment firm...
Senate Banking Committee Discusses Accountability, Oversight of Financial Regulators in Tuesday Hearing
14.11.2023
The Senate Committee on Banking, Houses, and Urban Affairs met on November 14th to conduct a hearing regarding oversight of financial regulators. Holding executives accountable “We must turn the lessons of this year into action,” said Senator Sherrod Brown (D – OH), Chairman of the U.S....
Mediation to begin in FTX, BlockFi Case, Judge Rules
14.11.2023
In a court filing on November 13th, U.S. bankruptcy judge Michael Kaplan ended an automatic stay on proceedings between bankrupt crypto companies FTX and BlockFi, paving the way for mediation in their claims settlement. BlockFi’s forced bankruptcy FTX founder, Sam Bankman-Fried, was found...
October’s Inflation Report: Shelter Prices Up, Gasoline Plummets — Mixed Market Reactions Follow
14.11.2023
On Tuesday, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in October, following a 0.4% increase in September. Over the past year, the all-items index rose 3.2% before seasonal adjustment, marking a notable trend...
U.S. CPI Unexpectedly Flat in October; Bitcoin Adds Nearly 1%
14.11.2023
In addition to the headline beat, core CPI unexpectedly declined last month
Finance Ministers from APEC Nations to Share Crypto Insights in San Francisco
14.11.2023
Image Source: Pixabay The Asia-Pacific Economic Cooperation (APEC) summit has drawn global attention to discussions on regional economic cooperation, including crypto regulations. The event, which commenced on November 11 in San Francisco, saw the finance ministers’ meeting on November...