Monthly Archives: February 2024

A majority of the U.S. House Financial Services Committee voted in favor of a resolution seeking to eliminate the Securities and Exchange Commission's Staff Accounting Bulletin 121 – commonly referred to as SAB 121 – a controversial piece of guidance that directs financial institutions to hold customers' crypto assets on their own balance sheets.During an

Bitwise chief investment officer Matt Hougan expects even more demand for the spot bitcoin ETFs as larger U.S. wirehouses begin participating.He said that the current demand has been largely coming from retail investors, hedge funds and independent financial advisors.Bitwise's Bitcoin Fund (BITB) is one of four spot bitcoin ETFs that have crossed $1 billion in

The halving event in April will have a negative impact on the profitability of bitcoin miners.The bitcoin price could fall to $42,000 post-halving.Larger publicly listed miners are better placed to survive.The bitcoin (BTC) halving event, scheduled for April, will have a negative impact on the profitability of miners given the reduced rewards and higher production

What happens when traditional private credit meets the Web3 on-chain investment opportunity of real-world assets? As decentralized finance, smart contracts and crypto evolve, more products are built on-chain, reflecting products prevalent in traditional finance while taking advantage of blockchain functionalities. Kelly Chambers from KellytheWriter explains the evolution of real-world asset private on-chain credit.Bryan Courchesne from

Two Binance executives were intercepted by Nigerian officials and their passports seized when they landed in the country.The crypto exchange did not have permission to operate in the country, the securities regulator said last year.Nigeria has detained two executives of the Binance crypto exchange after they flew into the country, media outlets reported.The two were