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Paxos receives in-principle approval to issue stablecoins in Abu Dhabi
29.11.2023
The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin
Paxos Receives Approval To Issue Stablecoins In Abu Dhabi
29.11.2023
Source: Pixabay Crypto firm Paxos has secured two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market. The company said in a press release published on Wednesday that the approvals would allow Paxos to issue stablecoins and provide cryptocurrency...
Dogecoin-funded SpaceX Moon Mission To Launch in January
29.11.2023
Source: Pixabay DOGE-1, a Dogecoin-funded SpaceX moon mission, has received a key regulatory approval from the National Telecommunications and Information Administration. The approval is one of the precursors to the final Federal Communications Commission license, which the mission is still yet...
Mainstream approval critical for blockchain games — Gaming execs
27.11.2023
Three gaming executives believe mainstream audiences will play a factor in the overall success and future of Web3 games
Hong Kong Government Accelerates Cryptocurrency Product Approvals Following JPEX Rugpull: OSL Compliance Exchange
27.11.2023
Image Source: Pixabay The JPEX incident has prompted the Hong Kong government to expedite the approval process for cryptocurrency products to promote compliance in the industry. According to OSL Compliance Exchange, a licensed virtual asset platform, financial technology solution providers have...
JPMorgan: Spot Bitcoin ETFs Could Put ‘Severe Downward Pressure on Bitcoin Prices’
26.11.2023
Global investment bank JPMorgan has cautioned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could “put severe downward pressure on bitcoin prices.” The bank’s analysts estimate that billions of dollars could...
Hong Kong’s Victory Securities to Offer Digital Asset Services in Retail Markets
24.11.2023
Source: Pixabay Hong Kong’s investment management firm, Victory Securities has obtained approval to offer digital asset services to retail clients expanding the country’s number of cryptocurrency licences. In a Nov 24 press release, the company made the announcement that it obtained a license from...
Tokenization of Investment Funds Now Permitted in the UK – Adoption on the Rise?
24.11.2023
Source: Pexels UK investment funds have received the green light for tokenization, marking a strategic move to harness blockchain technology within the asset management sector. This approval was disclosed in a press release by The Investment Association, a renowned trade body in the industry,...
Bitcoin Price Reaches 18-Month High of $38,200 While Bitcoin ETF Token Surges Past $1.57m as FOMO Picks Up
24.11.2023
Friday, November 24, 2023 – The Bitcoin price smashed through $38,000 door after BlackRock met with the US Securities and Exchange Commission (SEC) to talk about its ETF application as the odds on approval rise and new cryptocurrency the Bitcoin ETF Token raises north of $1.5 million. The Bitcoin...
Netherland-based Crypto Exchange Bitvavo Secures Regulatory Approval in France
24.11.2023
Source: AdobeStock / MarinadeArt Dutch-based cryptocurrency exchange Bitvavo has received regulatory green light in France to act as a digital asset service provider. In a Nov 23 press release, the company disclosed the milestone and reiterated its wider expansion plans with hopes of becoming...
Dutch exchange Bitvavo cleared to operate in France
24.11.2023
Netherlands cryptocurrency exchange Bitvavo is slowly expanding its reach after gaining regulatory approval in Austria and France
Glassnode Analysis Reveals Spot Bitcoin ETF Approval Could Unleash $70B Capital Influx
24.11.2023
The approval of a spot bitcoin exchange-traded fund (ETF) in the U.S. could inject substantial new capital into the cryptocurrency market. Glassnode’s latest analysis on the subject provides a deep dive into how spot bitcoin ETFs could reshape market demand and supply, signaling a new...
Bitcoin to $1M post-ETF approval? BTC price predictions diverge wildly
23.11.2023
Bitcoin ETF excitement is everywhere, but short-timeframe BTC price morale is wearing thin
Grayscale Updates Bitcoin ETF Prospectus After Discussing with SEC
23.11.2023
Grayscale continues efforts to secure regulatory approval for a Bitcoin ETF. Image by Ascannio, Adobe Stock. On Wednesday, digital asset manager Grayscale submitted an updated prospectus to the Securities and Exchange Commission (SEC) for converting its Grayscale Bitcoin Trust into a spot bitcoin...
Why Binance and CZ Take Down is Good News For BlackRock, Spot Bitcoin ETFs and New $BTCETF Token That’s Raised $1.4m
23.11.2023
Thursday, November 23, 2023 – The settlement of criminal charges against Binance and its CEO Changpeng Zhao (aka CZ) has sent shockwaves through the crypto industry, but the chances of a spot Bitcoin ETF approval have increased, which is good news for new coin Bitcoin ETF Token ($BTCETF). $BTCETF...
Ghana’s Central Bank Names Eight Money Transfer Companies Operating Without Its Approval
23.11.2023
The Bank of Ghana recently pointed the finger at eight money transfer organizations which are allegedly operating in Ghana’s remittances and forex market without its approval. The central bank also warned the public and regulated financial institutions against having dealings with the eight...
Matrixport: Binance Plea Deal Boosts Approval Odds for Bitcoin Spot ETF
22.11.2023
Source: AdobeStock / JorgeEduardo Binance CEO Changpeng Zhao has entered a guilty plea, agreeing to a $50 million fine, while Binance itself is set to pay a $4.3 billion penalty. CZ’s sentencing hearing is scheduled for February 23, 2024, where he may face prison time of up to 18 months. This comes...
Aragon DAO Backs Lawsuit Against Founding Team, Allocates $300,000 in Funding
22.11.2023
Image source: Adobe Stock Aragon DAO, a decentralized autonomous organization, has passed two votes that support a lawsuit against its founding team, allocating $300,000 in funding for the legal battle. The voting process saw unanimous approval for the proposal, with 1.6 million governance tokens...
Coinbase Becomes Custodian for WisdomTree’s Bitcoin ETF, Aiming for SEC Approval
20.11.2023
Source: Adobe / prima91 Crypto exchange Coinbase (COIN) will be the official custodian for WisdomTree’s spot Bitcoin ETF, according to the asset manager’s recently amended S-1 filing. “Coinbase Custody Trust Company LLC is the custodian of the Trust with respect to the Trust’s bitcoin holdings,”...
$100 Billion in TradFi Capital Awaits Imminent Bitcoin ETF Green Light, Says Bloomberg Analysts
20.11.2023
Bloomberg analysts forecast $100 billion ready to invest in a Bitcoin ETF upon SEC approval. Image by Parradee, Adobe Stock. A spot Bitcoin exchange-traded fund (ETF) could rapidly become a $100 billion market, according to new projections by analysts at Bloomberg Intelligence. This prediction...