Archive for August 2023
SEC Delays WisdomTree’s Spot Bitcoin ETF Application Alongside Others
In a move widely anticipated by industry experts, the US Securities and Exchange Commission (SEC) has announced a delay in the review process for WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF) application. Seven Bitcoin Spot ETF Applications Stalled by SEC Delays According to James Seyffart, Bloomberg’s ETF expert, the delay in the review process may…
Read MoreXRP Lawyer Rates Chances Of Case Dismissal At 35%, Here’s Why
Popular pro-XRP lawyer John E. Deaton has weighed in on the ongoing court case between the United States Securities and Exchange Commission (SEC) and the Coinbase cryptocurrency exchange. In June, the US securities regulator launched a lawsuit against Coinbase, accusing the exchange of running an “unregistered securities exchange, broker and clearing agency.” On August 4,…
Read MoreCan Bitcoin Continue Rally? Rising Volume May Hint So
On-chain data shows the Bitcoin trading volume has been increasing recently, which could help further the asset’s rally. Bitcoin Trading Volume Has Registered A Large Boost Recently According to data from the on-chain analytics firm Santiment, BTC continues to see high volumes. The “trading volume” here refers to measuring the daily total amount of a…
Read MoreUS Court Defies SEC Interpretation Of Crypto, XRP Lawyer Weighs In
Regulators are still figuring out how to oversee crypto, but some recent judicial rulings show promise for the industry’s legal battles with the US Securities and Exchange Commission (SEC). Bill Morgan, an attorney representing Ripple in its protracted legal battle with the SEC, has been vocal about the evolving judicial stance on crypto. His recent comments underline…
Read MoreIntegration With Chainlink A Success?
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced a success with its integration with Chainlink (LINK). The international entity has been experimenting with blockchain technology, both private and public networks, and finally revealed the progress of its efforts. Chainlink To Improve International Payment Rails? Per an official statement, SWIFT claims that its infrastructure can…
Read MoreThis Nigerian Crypto Exchange Valued At $50 Million Is Raising Suspicions, Here’s Why
Nigerian crypto exchange Patricia has raised suspicions following its newly launched Patricia Stablecoin labeled PTK and its unilateral decision to convert users’ funds to its stablecoin without its users’ consent. Patricia’s Dubious Move In May 2023, the Nigerian exchange Patricia reportedly fell victim to a hack and reportedly lost close to $2 million. During this…
Read MoreBinance Is Taking Japan By Storm As It Brings Listed Crypto Count To 100
Despite struggling with regulatory challenges that have seen it delist several high-end tokens, Binance has pledged to triple its crypto asset count up to 100 on its Japanese subsidiary platform. Binance Japan To Increase Number Of Listed Tokens To 100 Binance Japan, a prominent Japanese subsidiary of Binance Exchange, has made a surprising announcement in…
Read MoreBitcoin Cash Traders Back In Profit As BCH Surges 15%
On-chain data shows both the short-term and long-term Bitcoin Cash holders have entered into profits following the 13% rally. Bitcoin Cash Traders Return To Profits As Whales Ramp Up Activity According to data from the on-chain analytics firm Santiment, Bitcoin Cash traders who bought within the past 30 days, as well as those who did…
Read MoreJeremy McLaughlin Forecasts Crypto Resurgence in The US – Here’s How
A partner at K&L Gates law firm, Jeremy McLaughlin, has predicted a resurgence in the US crypto industry amid ongoing regulatory turmoil. According to the crypto-focused lawyer, the US Securities and Exchanges Commission’s recent court losses reignite hopes for the blockchain industry. SEC Recent Court Loses Reignites Hope That Clear Crypto Legislation Is Underway McLaughlin’s…
Read MoreIs South Africa On A Crypto Blacklist? These Events Could Suggest So
South Africa (SA) is projected as one of the most crypto-friendly African countries. However, a recent development suggests that the crypto industry in the country may be enduring a torrid time as US crypto firms move to block users in the country. Kraken Blacklists South Africans According to a report by local media outlet Moneyweb,…
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