Coinbase chief legal officer Paul Grewal on Friday said he is confident about the approval of spot Bitcoin ETF by the U.S. Securities and Exchange Commission. Similar to other executives Mike Novogratz, Cathie Wood, and Larry Fink, Grewal also thinks the SEC’s loss against Grayscale in the court is significant for approval of a spot Bitcoin ETF.
Coinbase CLO Paul Grewal Says SEC Will Appro...
Cryptocurrency mixers may soon be classified as money-laundering hubs in the United States. Meanwhile, New York's attorney general has filed a lawsuit against Gemini, Genesis, and DGC for allegedly defrauding investors through the Gemini Earn investment program, and Lightning Labs has released the mainnet alpha of Taproot Assets.U.S. Treasury to designate crypto mixers as money-laundering servicesThe United States Treasury Department plans ...
U.S. surveillance and facial recognition firm Clearview AI has won a court appeal in the United Kingdom after being accused of alleged infractions related to the U.K’s general data protection regulation (GDPR). Originally, the company was fined nearly $10 million for breaches of the U.K.’s GDPR in May of 2022. The recent victory will see that fine rescinded unless the U.K.’s Information Commissioner’s Office (ICO) further appeals the ruling...
US Federal Reserve Chair Jerome Powell is set to deliver a speech today, October 19, 2023, at the Economic Club of New York, at a time when BTC price took an over 6% jump compared to a week ago, over rise in hopes of the U.S. Securities and Exchange Commission’s (SEC) approval of the first ever spot Bitcoin ETF.
Also Read: Coinbase Selects Ireland As Operational & Regulatory Hub Amid U...
The United States Office of the Comptroller of the Currency (OCC), an independent bureau of the U.S. Treasury Department that supervises national commercial banks in the country, will host a symposium on tokenization in February 2024. The upcoming symposium is set to ignite a public dialogue on the transformative potential of tokenizing real-world financial assets and liabilities. The event will particularly focus on establishing the ground...
Pro-XRP lawyer John Deaton reacts to the recent change in the U.S. Securities and Exchange Commission’s (SEC) language and tone regarding spot Bitcoin ETF. He believes Gary Gensler may have personal reasons behind the change in the SEC’s tone for approval of a spot Bitcoin ETF. There have been constructive talks on required changes to spot Bitcoin ETF applications between the issuers and t...
Bitcoin layer-2 infrastructure firm Lightning Labs has released the mainnet alpha of Taproot Assets, a protocol aimed at enabling stablecoins and real-world assets to be issued on the Bitcoin and Lightning Network.The current version, Taproot Assets v0.3, will provide a “feature-complete developer experience” to issue, manage and explore stablecoins and other assets on the Bitcoin blockchain, according to Ryan Gentry, head of business devel...
Bitcoin (BTC) demonstrated remarkable resilience on Wednesday, maintaining a stable position around the $28,300 mark, following a tumultuous week in the cryptocurrency market. However, beneath this stability lay a whirlwind of activity, particularly with a significant exodus of Bitcoin from exchange wallets.
Bitcoin Exchange Outflows Soar
Crypto analyst Ali Martinez highlighted this intrig...
Craig Salm, Grayscale Investments’ chief legal officer, recently expressed confidence in the future arrival of a spot bitcoin exchange-traded fund (ETF). His comments on SiriusXM radio followed the Securities and Exchange Commission’s (SEC) decision not to contest a court’s directive. The court had mandated the SEC to re-evaluate Grayscale’s application for transforming its prime GBTC fund...
Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use. Moreover, the currently available crypto debit card solutions often require tedious transfers and incur high fees, making the process unfeasible for everyday users....
