Galaxy Digital’s CEO, Mike Novogratz, predicts that a spot Bitcoin ETF will be approved by January 10, 2024. He believes that the approval will happen before this date to avoid any legal trouble with Grayscale and a potential lawsuit. Novogratz suggests that the approval of the ETF will provide more fuel for the crypto market […]
FTX Trading Ltd. and its subsidiary, FTX Digital Markets, have reached a global settlement to address the challenges arising from the collapse of the FTX group in November 2022. The settlement is subject to approval from the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of The Bahamas.Under the terms of […]
El Salvador has become the first country to adopt bitcoin as legal tender, using it as a means to boost its economy. President Nayib Bukele has received regulatory approval to launch a bitcoin-backed “volcano bond” in 2024. This move has garnered attention and support from other leaders, such as Javier Milei, the libertarian president of […]
The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social and economic justice, over $78 million has been raised from leading venture firms, exchanges, and crypto industry leaders. Notable contributors include Andreessen Horowitz, Ark Invest, Coinbase, Circle, and Ripple, […]
The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social and economic justice, over $78 million has been raised from leading venture firms, exchanges, and crypto industry leaders. Notable contributors include Andreessen Horowitz, Ark Invest, Coinbase, Circle, and Ripple, […]
A security vulnerability in the iOS applications of cryptocurrency exchange OKX has been identified by blockchain security firm CertiK. The flaw could potentially allow hackers to gain unauthorized access to users’ personal data and cryptocurrencies. CertiK urged OKX users to update their apps promptly to mitigate the risks. OKX swiftly addressed the vulnerability and released […]
More details have emerged about Ethereum’s Initial Coin Offering (ICO), with revelations from an insider that could potentially destabilize the Ethereum ecosystem. Former Ethereum core developer Lane Rettig recently made a video in which he claimed that 70% of pre-mined ETH was immediately distributed, with the majority going to the Ethereum founders.These revelations have reignited […]
The United Kingdom has introduced new regulations that allow the Financial Conduct Authority (FCA) and the Bank of England (BoE) to operate a sandbox for tokenized securities. The Digital Securities Sandbox (DSS) regulations, which will take effect on January 8, 2024, enable UK-based investment exchanges, investment firms, central securities depositories, and recognised central counterparties to […]
The Swiss Bankers Association (SBVg) has responded cautiously to the lessons learned from the Credit Suisse crisis, staying true to its previous stance that a thorough analysis is necessary before any potential regulatory changes are made. The analysis and self-assessment by the Swiss Financial Market Supervisory Authority (FINMA) regarding the downfall of Credit Suisse has […]
The Appellate Court of Montenegro has revoked the extradition approval for Do Kwon, the founder of Terraform Labs, following an appeal by his defense attorneys. The court cited procedural irregularities in the legal process as the basis for its decision, raising questions about the extradition requests from the United States and South Korea.Kwon’s detention has […]
