The recent shift in the political landscape of the United States has invigorated the cryptocurrency sector, marking what some industry experts believe could be the onset of a “Golden Age of Crypto.” In a memo dated November 6, Bitwise Chief Investment Officer Matthew Hougan articulated his perspective, suggesting that the victory of Donald Trump in
Regulation
In a significant move for the cryptocurrency market, asset management company 21Shares has submitted a formal application to the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). This application, filed on November 1, aims to register shares of the Core XRP Trust for trading on the Cboe BZX Exchange. Notably,
In a rapidly evolving regulatory landscape, the U.S. Securities and Exchange Commission (SEC) has intensified its scrutiny of the cryptocurrency sector, an action underscored by its latest move against Immutable, a notable player in the blockchain gaming arena. Immutable announced via a blog post on October 31 that it had received a Wells notice—a formal
The landscape for cryptocurrency exchanges in Hong Kong is poised for significant transformation as authorities signify their intent to license additional platforms by year-end. Financial Secretary Paul Chan, speaking at the Hong Kong FinTech Week, indicated that the Securities and Futures Commission (SFC) is diligently reviewing more candidates for regulatory approval. This development suggests that
The Bank for International Settlements (BIS), often hailed as the bank for central banks, is embarking on a transformative journey with its Project Mandala. This initiative, launched in partnership with the central banks of Australia, Korea, Malaysia, and Singapore, aims to streamline cross-border transactions, a critical aspect of global finance. In today’s interconnected world, regulatory
In a compelling open letter, Charles Cascarilla, the CEO and co-founder of Paxos, has brought urgent attention to the necessity of embracing digital assets in the United States. Addressing both Vice President Kamala Harris and former President Donald Trump, he emphasized that the fate of America’s financial supremacy hinges on the next presidential administration’s stance
In an announcement made on October 29, crypto exchange Gemini revealed that it has received preliminary regulatory approval from the Monetary Authority of Singapore (MAS) to offer services related to cross-border money transfers and digital payment tokens. This significant step marks an important milestone for the Gemini platform, which is co-founded by the Winklevoss twins.
In the evolving landscape of cryptocurrency, especially Bitcoin, the conversation around self-custody is becoming more pronounced. The Satoshi Action Fund is at the forefront of this movement, advocating for state-level legal protections that assure Bitcoin users of their rights to self-custody without the overarching interference of federal regulations. This initiative exemplifies tactical maneuvers akin to
In a significant shift towards tighter governance of the digital currency sector, South Korea is set to introduce comprehensive regulations for cross-border digital asset transactions, slated to take effect in late 2025. As the cryptocurrency market matures, the South Korean Ministry of Finance has taken proactive measures to ensure that the nation’s financial system remains
In a firm response to circulating rumors regarding potential investigations by United States authorities, Tether CEO Paolo Ardoino strongly denied the allegations of his company being scrutinized by federal prosecutors in Manhattan. This denial came in the wake of a Wall Street Journal article that hinted at a probe into the stablecoin issuer. Ardoino dismissed