The Securities and Exchange Commission, or SEC, may soon issue new rules for the regulation and registration of security-based swaps, including cryptocurrency. In a speech to the American Bar Association Derivative and Futures Law Committee SEC Chairman Gary Gensler laid out the changes coming to security-based swaps over the next year. The changes are designed …
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Core Scientific, one of the largest Bitcoin (BTC) mining operations in North America is set for a public listing on Nasdaq. According to CNBC on Wednesday, Core has inked a $4.3 billion merger with Power & Digital Infrastructure Acquisition Corp — a special purpose acquisition company (SPAC). Apart from the planned valuation, other listing details …
Prominent analyst and trader Kaleo is predicting a massive rise in Ethereum’s value within the next 12 months despite the current bearish outlook in the crypto markets. In a new interview, Kaleo looks back at the performance of the leading smart contract platform in 2017 when Ethereum (ETH) plunged from nearly $400 to below $200 …
Continue reading “Ethereum Could Skyrocket Over 860% in 2022, Predicts Top Crypto Analyst”
Asset management firm Rothschild Investment Corporation reveals in a filing that it bought tens of thousands of shares of Grayscale’s products in the last quarter. Data from the US Securities and Exchange Commission (SEC) shows that Rothschild significantly increased the number of shares it held in the digital asset manager’s Bitcoin and Ethereum trusts in …
Most crypto enthusiasts are less than pleased with the United States Securities and Exchange Commission’s past approach to crypto. This is not because legitimate businesses oppose regulation but because of the breadth, complexity and uncertainty associated with the current regulatory regime. Even in the context of general discontent, few actions by the SEC have engendered …
Continue reading “It is time for the US to create a ‘Ripple test’ for crypto”
Graphics processing units (GPUs) have become a little cheaper in July amid a continued downtrend in the price of Ether (ETH). According to a review by TechSpot, GPU prices across popular graphics cards are slightly lower in July than they were in June. The lower prices in July are a continuation of the steady decline …
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Cryptocurrency exchange Bitstamp has hired Robert Zagotta, chief commercial officer of Kraken, to be the first CEO of its business in the United States. In an announcement today, Bitstamp said Zagotta would be coming on board to “oversee day-to-day operations” and accelerate the exchange’s growth in the country. He was with crypto exchange Kraken for …
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United Kingdom-based crypto fund Nickel Digital Asset Management released a survey of 100 wealth managers and global institutional investors to find out the biggest investor concerns associated with crypto. The survey features respondents from the United States, France, Germany, the United Arab Emirates and the United Kingdom, who collectively own $275 billion in assets under …
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Popular crypto strategist and trader Michaël van de Poppe is spotlighting the key levels of support for Cardano and Chainlink as Bitcoin struggles around $30,000. In a new video, Van de Poppe tells his 108,000 YouTube subscribers that Cardano (ADA) is currently holding support above $1.00, but if that level is lost, the crypto analyst …
China’s nascent central bank digital currency, the digital yuan, has already been deployed for an extensive array of successful pilot schemes, ranging from e-commerce to salary payments and to festive traditional lotteries. This week has reportedly seen the currency debut in the insurance industry, in the city of Shenzhen, where it is being piloted by …
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An insurance collaboration between decentralized protocol Etherisc and microinsurance issuer ACRE Africa has allowed thousands of farmers in Kenya to receive coverage for weather-related risks. Etherisc and ACRE Africa said they had processed insurance payouts for some of the more than 17,000 smallholder farmers in Kenya covered under the collaboration. The Chainlink Community Grant, the …
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Bitcoin (BTC) continued its bounce from its 2021 opening price on July 21, hitting $31,600 in what some fear is just a temporary reprieve from downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Short the bounce”? Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it gained a respectable 7% during Wednesday. Bulls had successfully …
Bank of New York Mellon is joining a new cryptocurrency initiative by offering its custody support to a new crypto exchange backed by the American bank State Street. According to a Wednesday report by the Financial Times, BNY Mellon has joined a consortium of six banks behind the launch of London-based Pure Digital, a new …
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Investment strategist Lyn Alden says that she’s looking at a fundamental catalyst that potentially triggered the start of Bitcoin’s trend reversal this year. In an interview with Angelo Robles, CEO of Family Office Association, Alden explains how institutional investors took advantage of the trading opportunities presented by the Grayscale Bitcoin Trust (GBTC). ADVERTISEMENT “The …
The heat is rising between the United States lawmakers and Chinese officials even before the Olympic flame ignited at the 2022 Beijing Winter Games. During a press briefing on Tuesday, Chinese Foreign Ministry spokesman Zhao Lijian addressed U.S. senators’ warning letter to the U.S. Olympic and Paralympic Committee regarding the use of digital yuan at …
Continue reading “China wants US senators to ‘stop making trouble’ out of digital yuan”
