Judge in Coinbase case says SEC’s securities definition may be too broad

A court hearing between Coinbase and the U.S. Securities and Exchange Commission (SEC) took place on Jan. 17 concerning earlier charges. In June 2023, the SEC alleged that Coinbase illegally operated a unregistered national securities exchange, broker, and clearing agency and that its crypto staking service involved the unregistered sale and offering of securities. Though …

Zero-Knowledge infrastructure can secure ‘trillions’ in institutional money in 2024: Interview Polygon Labs

In an exclusive interview with Colin Butler, Global Head of Institutional Capital at Polygon Labs, Butler brings a unique and informed perspective to the table, discussing various pivotal aspects shaping the future of blockchain and cryptocurrency. This interview explores the impact of traditional financial instruments like ETFs on the crypto market, the significant strides made …

Gemini gains ground in France with official Digital Asset Service Provider registration

Crypto exchange Gemini has been registered as a Digital Asset Service Provider (DASP) in France by the l’Autorité des Marchés Financiers (AMF), the French financial markets regulator, according to a Jan. 17 statement. The registration would enable it to cater to retail and institutional customers in France. Moreover, the regulatory milestone would also grant its …

Bitcoin now second largest commodity ETF asset class in US, ahead of Silver

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USDC doubles market share on centralized crypto trading platforms to over 10%

USD Coin (USDC), the second-largest stablecoin by market capitalization, has seen its market share on centralized crypto trading platforms grow significantly during the past months. Data from Paris-based crypto intelligence platform Kaiko showed that USDC’s market share doubled to over 10% from around 5% in September 2023, mainly due to the rising volumes recorded on …

Analyst Unveils Max Pain Scenario for Crypto, Says Caution Is Needed for Bitcoin As BTC Trades Below This Level

A closely followed analyst is laying out a scenario that would bring ruin to crypto traders who are looking to make quick and easy gains this year. Trader Justin Bennett tells his 110,800 followers on the social media platform X that he’s keeping a close watch on the TOTAL chart, which tracks the market cap …

JPMorgan CEO Jamie Dimon Again Calls Bitcoin a ‘Pet Rock’, Alleges BTC’s Main Use Case Is Aiding Illicit Schemes

Longtime crypto skeptic JPMorgan chief executive Jamie Dimon is once again slamming Bitcoin (BTC) as a “pet rock.” In a new interview on CNBC Squawk Box from the World Economic Forum in Davos, Switzerland, Dimon argues that there are no real use cases for Bitcoin other than for illicit purposes. However, Dimon does say there …

‘Fear of the Unknown’ Caused SEC To Delay Bitcoin ETF Approvals, Says Commissioner Hester Peirce

U.S. Securities and Exchange Commission (SEC) official Hester Peirce sees the delayed approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) as “squandered time.” In a new interview with Natalie Brunell, Peirce, one of the SEC’s five appointed commissioners, says the regulator should reflect on what she argues were errors in the approval process. “This …

$89,500,000,000 Asset Manager To Shut Down Bitcoin Futures Exchange-Traded Fund Days After Approval of Spot ETFs

A financial services giant with nearly $90 billion in assets under its management is shutting down its futures Bitcoin (BTC) exchange-traded fund (ETF) just days after the U.S. Securities and Exchange Commission approved a slew of spot market BTC ETFs. According to a new press release, New York-based investment management firm VanEck says that it …

Tether Protests UN Accusations of USDT Being Used in Crime, Argues Blockchains Are Impractical for Illicit Use

Tether is pushing back against recent accusations from a United Nations agency that its stablecoin, USDT, is used extensively for money laundering and fraud in Asia. In a new report, the United Nations Office on Drugs and Crime (UNODC) claims criminals in East and Southeast Asia prefer to use USDT on the Tron (TRON) blockchain …

Old and HODLed Bitcoin is on the move with whales active

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Bitcoin ETFs exploded with $10 billion traded in first days, overshadowing combined 2023 ETF launches

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Grayscale outflows add further $800 million BTC liquidity to Coinbase Prime OTC desk

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New Bitcoin ETFs did in 3 days what Gold took 36 days to achieve with $1.8 billion in assets

One of the most common comparisons we’ve seen concerning the launch of spot Bitcoin ETFs in the United States is the one with the launch of the first gold ETF (GLD) in 2004. Interestingly, comparing the two asset classes’ premieres through their daily attestations reveals some illuminating data. For clarity and transparency, all data below …

Cathie Wood-led ARK Invest divests BITO shares to double down on in-house Bitcoin ETF

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