JPMorgan has expressed skepticism regarding the approval of spot Ethereum ETFs by the Securities and Exchange Commission (SEC) in May. Nikolaos Panigirtzoglou, a representative from JPMorgan, stated that the SEC would need to classify Ethereum as a commodity, similar to Bitcoin, rather than a security for the approval to take place. However, he believes that […]
Bill Morgan, a prominent pro-XRP lawyer, has recently commented on the legal dispute between Ripple Labs and the United States Securities and Exchange Commission (SEC) over XRP’s non-security status. On Thursday, January 11, Morgan used the social media platform X to announce that the battle has concluded.Morgan’s statement was in response to the SEC’s latest […]
Delta Air Lines is facing macroeconomic challenges and labor issues that are impacting its near-term outlook. The Atlanta-based airline recently informed investors that it is now entering a period of optimization after two years of intense restoration. Despite beating expectations in the most recent fourth quarter, Delta has adjusted its full-year earnings per share guidance […]
Shayan, a digital nomad and professional journalist, reports on the recent developments in the cryptocurrency market. The market has seen a rise in the price of Ethereum (ETH) following the Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin ETF. This has led analysts to predict a similar approval for an Ethereum ETF. However, […]
Despite US sanctions, crypto mixer Tornado Cash has continued its operations, reportedly laundering over $500 million worth of crypto in 2023, according to data provided by blockchain security firm SlowMist. The US imposed sanctions on the crypto mixer in 2022, but this did not deter the service from laundering over $550 million in crypto the […]
BlackRock CEO Larry Fink has recognized the potential of an Ethereum ETF in the United States, marking a significant development following the successful launch of their Bitcoin ETF. Fink, in an interview, lauded the successful trading debut of BlackRock’s Bitcoin ETF, IBIT, which garnered an impressive $1.05 billion in trading volume. This feat surpassed the […]
BlackRock’s Chief Executive Officer, Larry Fink, has publicly acknowledged the potential of Ethereum-based exchange-traded funds (ETFs). In a recent interview with CNBC, Fink expressed his belief in the value of an Ethereum ETF.BlackRock, the world’s largest asset manager, with a staggering US$10 trillion in assets under management, understands the importance of Ethereum ETFs. These funds […]
Genesis Global Trading, a cryptocurrency firm, has agreed to a settlement with the New York Department of Financial Services (NYDFS). As part of the settlement, the company has relinquished its right to operate within the state. The NYDFS has clarified that the settlement impacts Genesis Global Trading, which is a separate entity from Genesis Global […]
Genesis Global Trading, a subsidiary of Digital Currency Group, has been ordered to pay an $8 million fine and surrender its BitLicense, according to the New York Department of Financial Services (NYDFS). The penalty comes as a result of significant failings in the crypto platform’s anti-money laundering and cybersecurity programs, as revealed by NYDFS investigations.Superintendent […]
BlackRock CEO Larry Fink has continued his pivot towards cryptocurrency, expressing a bullish stance on tokenization as a means to eliminate corruption. In a recent interview with CNBC, Fink discussed the launch of BlackRock’s Bitcoin ETF and his evolving perception of Bitcoin as a viable asset class.Previously skeptical about Bitcoin, Fink now views it as […]
