Search
Bank of England, HM Treasury Respond to Digital Pound Consultation Amid Strong Public Interest
27.1.2024
Amidst public interest, the Bank of England and HM Treasury have addressed key concerns regarding the digital pound, reassuring the public of stringent legislative measures for privacy and control, alongside the maintenance of traditional cash. HM Treasury and Bank of England Respond to Public’s...
SEC Delays Spot Ethereum ETF Decisions
27.1.2024
The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on spot ethereum exchange-traded funds (ETFs) proposed by Blackrock, the world’s largest asset manager, and Grayscale Investments. Grayscale is seeking to convert its existing Ethereum Trust into a spot ETF. Spot...
Estonia Renews U.S. Extradition of Crypto Businessmen Accused of $575 Million Ponzi Scheme: Report
26.1.2024
The Estonian government has decided to renew the United States extradition of two alleged fraudsters accused of running a $575 million scheme, Estonian Public Broadcasting reports. “Justified in accordance with the rule of law” The extradition’s approval reverses an earlier decision made by...
US SEC Delays Decision on Grayscale’s Spot ETH ETF Application
26.1.2024
The U.S. Securities and Exchange Commission (SEC) delayed its decision on an application by crypto asset manager Grayscale Investments to convert its Ethereum trust product into a spot exchange-traded fund (ETF) on Thursday, as per a Reuters reported. A day before the US regulator had delayed...
Canadian Court Declares Freeze on Crypto Donations During ‘Freedom Convoy’ Protests Unconstitutional
25.1.2024
In a judicial rebuke, the Federal Court of Canada ruled that the Trudeau government’s decision to freeze cryptocurrencies during the 2022 “Freedom Convoy” protests was unconstitutional. Trudeau Government’s Emergency Powers Challenged: Court Rules Crypto Freeze Unlawful In a ruling...
SEC Postpones Decision on BlackRock’s Spot Ethereum ETF to March
25.1.2024
The U.S. Securities and Exchange Commission has delayed its decision on BlackRock’s spot Ethereum exchange-traded fund (ETF) application to March. According to the SEC’s latest filing, the new decision deadline for BlackRock’s spot Ethereum ETF is set to be March 10, 2024. The Commission will then...
Canadian Court Rules Government’s Freeze of Protester’s Crypto Donations Unconstitutional
24.1.2024
The Canadian Government’s decision to freeze digital assets and crypto donations toward protesting truckers in 2022 was deemed unconstitutional by the Canadian Federal Court. The Federal Court ruled against the government’s decision to freeze financial assets including digital assets...
JPMorgan Analysts Downgrade Coinbase Shares to Underweight, Citing Impact of Spot Bitcoin ETFs
24.1.2024
JPMorgan analysts have downgraded Coinbase shares from Neutral to Underweight, causing a 5% drop in the stock’s value during premarket trading on Tuesday. The analysts have also established a price target of $80 per share, indicating a significant downside risk of over 37% from the current...
Goldman’s Digital Assets Chief Bets on Spot Ether ETFs Getting the Thumbs Up
24.1.2024
Mathew McDermott, Goldman Sachs’ digital assets head, said Tuesday he anticipates approval of spot Ether ETFs in the coming months. During a CNBC interview, McDermott said a major factor in the approval decision hinges on whether ether is classified as a security. “A big question naturally...
FTX Under New Scrutiny: Appellate Court Orders Independent Investigation
21.1.2024
An independent examiner was initially barred from delving into the FTX bankruptcy case. However, the Third Circuit Court of Appeals in Philadelphia has recently overturned this decision, mandating that the defunct crypto exchange undergo an investigation by an external party. This ruling points...
SEC Postpones Decision on Fidelity’s Spot Ethereum ETF
19.1.2024
The United States Securities and Exchange Commission (SEC) has postponed its ruling on Fidelity’s spot Ethereum exchange-traded fund until March 5th, a new court filing reveals. “Completely expected” “The Commission finds it appropriate to designate a longer period within which to take action...
Singapore’s MAS Denies Listing Bitcoin Spot ETF, Retail Investors Can Still Access US ETFs
18.1.2024
The Monetary Authority of Singapore (MAS) has made it clear that spot Bitcoin (BTC) ETFs will not be allowed to be listed in Singapore for retail investors. The decision stems from the fact that cryptocurrencies, including Bitcoin, are not considered eligible assets for ETFs according...
Former Bithumb Chairman Acquitted in $100M Fraud Case in Second Trial
18.1.2024
The former chairman of Bithumb Holdings and Bithumb Korea, Lee Jeong-hoon, has been acquitted for the second time in the $100 million fraud case. The recent decision by the 5th Criminal Division of the Seoul High Court follows Lee’s earlier acquittal in January 2023 on comparable charges...
Arguments Conclude in Coinbase and SEC Case, Judge Holds on Decision
17.1.2024
Oral arguments kicked off in Manhattan Wednesday regarding the highly anticipated case against Coinbase brought forward by the United States Securities and Exchange Commission (SEC). “The SEC has violated due process” The federal agency originally filed the lawsuit against Coinbase in June 2023...
IRS Halts Enforcement of $10K Crypto Tax Reporting Rule Pending Further Regulation
17.1.2024
Source: Adobe / dennizn The US Treasury Department and Internal Revenue Service (IRS) have announced that businesses are not required to report the receipt of digital assets in the same manner as cash until specific regulations are issued. The decision by the two federal agencies comes in response...
Ripple Considers IPO Outside US in Response to SEC’s ‘Hostile’ Stance
17.1.2024
Ripple CEO Brad Garlinghouse has revealed that the company explored IPO options outside the United States, attributing this decision to a challenging relationship with the U.S. Securities and Exchange Commission (SEC). Speaking at the World Economic Forum in Davos, Switzerland, Garlinghouse...
Terraform Labs Co-founder Do Kwon Appeals Extradition Decision Amid Claims of Political Pressure
15.1.2024
Do Kwon, co-founder of Terraform Labs, has once again appealed the Montenegro High Court’s decision to uphold extradition requests from the U.S. and South Korea. His legal team argues that the recent decision by the Montenegro High Court violates legal provisions, the European Convention...
Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
15.1.2024
Local courts may be facing political pressure regarding Kwon's extradition to the U.S. or South Korea, his lawyer Goran Rodic told CoinDesk
Gamestop’s Cryptocurrency Adventure Pauses: NFT Marketplace Closure Looms
15.1.2024
In an announcement prominently displayed on the Gamestop non-fungible token (NFT) marketplace, the company has revealed its intention to shut down the platform on Feb. 2, 2024. This decision means that users of the Gamstop NFT market will lose the ability to “buy, sell, or create NFTs.”...
GameStop Retreats from Crypto Space, Shuts Down NFT Marketplace Amid Regulatory Hurdles
14.1.2024
Source: AdobeStock / JHVEPhoto GameStop has decided to shut down its NFT marketplace, signaling its withdrawal from the cryptocurrency space. The announcement, made via a statement on the platform, cites “the continuing regulatory uncertainty of the crypto space” as the primary reason...