The highly-anticipated launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could potentially take place right before Labor Day, according to Bloomberg Intelligence. The US Securities and Exchange Commission (SEC) is expected to respond to several applications from prominent asset managers, including BlackRock, Bitwise, WisdomTree, VanEck, and Invesco, in the coming days.
In a recent blog post, Hong Kong’s Financial Secretary, Paul Chan Mo-po, voiced his strong support for blockchain technology and its potential to drive “breakthrough growth” in the digital technology sector. This article delves into Chan’s remarks and explores the implications of Hong Kong’s embrace of blockchain and Web3 technologies on its future. Chan acknowledges
In a significant ruling on August 29, 2023, the United States Court of Appeals for the District of Columbia Circuit overturned a Securities and Exchange Commission (SEC) order, delivering a long-awaited victory to Grayscale Investments LLC in their lawsuit regarding the conversion of their Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF). The SEC
Crypto’s newest decentralized social media (DeSo) app, friend.tech, has found itself in hot water recently due to its decision to punish users who opt for forks or copycat versions of its tokenized social media platform. In an Aug. 28 tweet, the official friend.tech X account stated, “To make sure loyal users are rewarded fairly during
With the increasing popularity of cryptocurrencies, millions of investors are eagerly awaiting the next crypto bull run. As the crypto market experiences unprecedented growth, it is crucial to learn from the mistakes made during previous bull runs. Experts in the field have shared valuable insights and advice to help newcomers navigate this chaotic yet promising
Recently, three influential U.S. representatives expressed their concerns regarding stablecoin and crypto rules proposed by the Federal Reserve. The lawmakers who objected to these rules are Patrick McHenry, Chairman of the House Financial Services Committee; French Hill, Chairman of the Committee on Financial Services Subcommittee on Digital Assets; and Bill Huizenga, Chairman of the Committee
In a recent report by Arkham Intelligence, it has been alleged that popular trading platform Robinhood is in possession of a staggering $3 billion worth of Bitcoin. This revelation has sent shockwaves through the crypto community, sparking intense speculation and debate about the origins and significance of this monumental wallet. Arkham Intelligence’s findings indicate that
Binance, one of the leading cryptocurrency exchanges, has recently announced its decision to halt 39 liquidity mining pools due to its latest assessment. The platform has stated that these pools will cease operation on September 1, 2023, after failing to meet the assessment’s standards. This move comes as Binance aims to review listed liquidity pools
The intention behind implementing verification features on social media platforms is to prevent scammers from impersonating legitimate organizations. However, in the case of X, this seemingly straightforward objective has led to the creation of a new and thriving black market. According to cybersecurity researcher ZachXBT, the introduction of blue checkmarks to indicate verified accounts has
In a rapidly evolving digital landscape, South Korea’s BC Card is taking a pioneering step by applying for two domestic patents to utilize non-fungible tokens (NFTs) in the verification of purchase details for trading used luxury goods. While NFTs are traditionally associated with art and collectibles, BC Card aims to expand their utility, addressing real-world
Despite the recent hype around riend.tech, some decentralized social networks are still struggling to attract and retain users on their platforms. This article will explore the various challenges faced by decentralized social (DeSo) media platforms and discuss potential solutions. One of the major hurdles faced by DeSo platforms is the onboarding process. Ed Moss, the
Thailand has recently witnessed an unexpected turn of events, as Srettha Thavisin, a candidate from the Pheu Thai Party, has been voted in as the country’s 30th Prime Minister. In a surprising move, Thavisin secured 482 votes out of a possible 747, indicating a clear majority in his favor. This marks a remarkable shift in
The world of cryptocurrencies is constantly evolving, and one coin that has recently gained significant attention is Toncoin (TON). In the past week alone, Toncoin’s price has surged by over 8%, sparking renewed interest in cryptocurrency and generating discussions about its potential for sustained growth in the future. With a current price of $1.46, Toncoin
Shibarium, the layer 2 blockchain, has recently made a stunning comeback and relaunched. This relaunch has caused a significant surge in the price of its native token, Bone Shibaswap (BONE), setting new milestones for the token. In the last 24 hours since Shibarium’s official relaunch on Thursday, August 24, the BONE token has experienced a