The realm of cryptocurrency has been characterized by rapid evolution and persistent regulatory uncertainty. Recently, a contingent of Republican lawmakers, led by Representative Patrick McHenry and Senator Cynthia Lummis, has expressed profound concerns regarding the Securities and Exchange Commission’s (SEC) regulatory stance on crypto custody. Their focal point of contention is Staff Accounting Bulletin No.
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In a pivotal moment for the financial sector, BNY Mellon is making notable strides towards establishing a foothold in the burgeoning crypto custody market. With a specific focus on Bitcoin and Ethereum exchange-traded funds (ETFs), the bank has successfully secured an exemption from the Securities and Exchange Commission (SEC) regarding its accounting practices. This exemption,
The gaming landscape is undergoing a significant transformation, driven by the emergence of Web3 technologies, according to the latest Global Gaming Report 2024 issued by Elympics. This report is particularly noteworthy as it examines the feedback from nearly a thousand surveyed gamers, providing invaluable insights into the challenges, opportunities, and future prospects of Web3 gaming.
The worlds of cryptocurrency and exchange-traded funds (ETFs) have witnessed notable shifts recently, primarily with Grayscale’s Ethereum Trust (ETHE) and its Bitcoin counterpart (GBTC). On a seemingly routine Monday, these funds experienced significant net outflows—$80.6 million from ETHE and $40.3 million from GBTC—highlighting a growing discomfort among investors regarding these financial products. What’s striking, however,
On September 24, Kraken, a prominent player in the cryptocurrency exchange arena, announced its acquisition of Coin Meester (BCM), a well-established crypto broker from the Netherlands. This acquisition is not merely a business expansion but a strategic maneuver to solidify Kraken’s standing in an increasingly competitive European market. By targeting foundational players like Coin Meester,
In a transformative move for the cryptocurrency landscape, Sygnum, a Swiss crypto banking group, has secured a comprehensive crypto license in Liechtenstein through its local subsidiary, Sygnum Europe AG. As announced on September 23, this approval from the Financial Market Authority (FMA) allows Sygnum to operate as a regulated service provider under the Token and
The Bank of Canada has recently decided to halt its Central Bank Digital Currency (CBDC) initiative that was initially launched in 2017. The move is revealing, particularly as it underscores the complexity and intricacies involved in transitioning to a digital currency system. This initiative was primarily conceived in response to rapid advancements in technology and
Opeyemi may not have initially envisioned a career in cryptocurrency writing, but his serendipitous entry into the field has blossomed into a fervent passion over the past two years. The allure of the digital asset landscape has captivated him, transforming a mere professional choice into a compelling obsession. As a proficient writer, Opeyemi finds joy
In recent years, cryptocurrencies have gained immense traction as a popular form of digital investment and trade. However, the rapid development of this financial frontier has also attracted the shadows of cybercriminal activities. One major concern surrounding this new financial landscape is the ability for illicit actors to exploit cryptocurrency exchanges for nefarious purposes, particularly
In the dynamic world of cryptocurrency, individuals like Ronaldo represent a blend of curiosity, commitment, and a forward-thinking approach. Over the span of five years, Ronaldo has cultivated a rich reservoir of knowledge that distinguishes him in this rapidly changing landscape. His exploration of blockchain technology and cryptocurrencies has evolved from an initial spark of
