Recent reports have revealed that the United States Securities and Exchange Commission (SEC) has implemented a “new regulatory standard” for all Bitcoin Spot Exchange-Traded Fund (ETF) applicants while awaiting approval from the regulatory body. The SEC’s latest “Cash Redemption Model” came amid the spot Bitcoin ETF issuers ironing their filings with the US regulator. It
Coinbase recently made headlines when it announced its decision to add Bonk (BONK), a Solana network token, to its list of tradable assets. This move marked a significant addition to Coinbase’s offerings, which already include memecoins like Shiba Inu and Dogecoin. Despite being a memecoin, BONK has managed to secure a position among the top
Cryptocurrency exchange Gemini has unveiled a reorganization plan that estimates users of its Gemini Earn platform will only recover between 61% and 100% of the value of their pending Earn balance as of January 19, 2023. The plan, disclosed in an update on Gemini’s website, has sparked widespread outrage among users who label it as
The Financial Accounting Standards Board (FASB) has recently adopted revised accounting rules for Bitcoin. This decision has brought significant changes to the financial landscape for corporations as it introduces fair value accounting for Bitcoin. This move aligns the treatment of Bitcoin with other financial assets. A Watershed Moment in Corporate Finance The adoption of fair
As the cryptocurrency market continues to evolve, JPMorgan analysts have taken a cautious stance. However, they are predicting that Ethereum (ETH) will surpass Bitcoin (BTC) and other digital currencies in terms of market price performance by 2024. This unique perspective within the institution highlights the analysts’ optimism for Ethereum and its potential compared to other
The crypto industry is abuzz with discussions about Tether and its potential to become the de facto central bank digital currency (CBDC) of the world. This speculation was triggered by the remarks of Howard Lutnick, CEO of Cantor Fitzgerald, a global investment bank and financial services firm. Lutnick expressed his fondness for Tether, stating that
Binance, a prominent cryptocurrency exchange, has recently submitted two crucial filings in response to an ongoing case initiated by the U.S. Securities and Exchange Commission (SEC). These filings aim to dismiss the SEC’s case against Binance and its former CEO, Changpeng Zhao, and challenge the allegations made by the regulatory body. In this article, we
The Blockchain Game Alliance (BGA) recently released its highly anticipated 2023 State of the Industry Report, offering invaluable insights into the world of blockchain gaming. This report provides a comprehensive analysis of the current landscape, highlighting key trends, predictions, challenges, and industry drivers. As the industry continues to evolve and mature, professionals in the field
Worldline, a global leader in payment solutions, is taking a proactive approach to meet the rising demand for Metaverse experiences. Recognizing the projected growth of the Metaverse e-commerce market, estimated to reach a staggering US$2.6 trillion by 2030, Worldline is expanding its Metaverse presence through the integration of Spatial, a platform that aims to enhance
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) recently reached a settlement with cryptocurrency exchange CoinList regarding violations of sanctions related to Russia and Ukraine. Over a two-year period, CoinList processed 989 transactions worth $1.25 million from users residing in Crimea, a disputed region that was annexed by Russia in 2014. OFAC deemed this
