It's time to update the SEC's disclosure process for crypto
SEC Commissioner Mark Uyeda wants to update the agency’s S-1 disclosure for cryptocurrency firms. His stance is a positive step toward progress.
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Look out below! Dogecoin risks further downside after a key support is tested
Dogecoin (DOGE) is potentially at risk of losing critical support if the price falls from the ascending channel traded in for the last 53 days. Although technical analysis is not an exact science, a daily close below $0.26 will likely invalidate the current movement.DOGE/USD price at FTX. Source: TradingViewAside from the Bitcoin (BTC)-driven headwinds, which…
Bitcoin miners rethink business strategies to survive long-term
The Bitcoin mining industry continues to face a challenging year as the price of Bitcoin (BTC) hovers below $20,000, coupled with rising energy costs in North America and Europe. Regulators have also recently started clamping down on crypto mining, as a recent report from the Bitcoin Mining Council (BMC) found that Bitcoin has seen a…
CME Group Suspends Trading in Response to Coronavirus
With the coronavirus outbreak officially reaching epidemic proportions, crypto-related companies and organizations are having to change the way they do business. According to a CNBC report on Wednesday, Chicago Mercantile Exchange (CME) Group — the second firm to launch Bitcoin Futures in the United States — will suspend trading in Chicago from March 13. CME cited the…
Official: Alipay to Ban All Bitcoin-Related Transactions
Alipay, a digital payment arm of Chinese e-commerce giant Alibaba, declared that it will be banning any transactions related to Bitcoin (BTC) or other cryptocurrencies.Combating illicit playersOn Oct. 10, Alipay has reiterated its anti-crypto stance in a Twitter thread, elaborating that the company is closely monitoring over-the-counter transactions to identify irregular behavior and ensure compliance…
NYSE Arca Files Proposed Rule Change with SEC for Bitcoin-, T-Bills-Backed Investment Trust
NYSE Arca has filed a proposed rule change with the United States Securities and Exchange Commission (SEC) for an application to list shares in a bitcoin (BTC) investment trust that would be backed by the cryptocurrency and T-bills. The development was revealed in an SEC filing published on May 20.The Chicago-headquartered exchange — a subsidiary…
XRP futures open interest reaches $1.2 billion record
XRP price's journey to $1 this year has been nothing short of spectacular, considering the ongoing Securities and Exchange Commission's lawsuit against Ripple initiated in December 2020. The regulator alleges that XRP was a $1.3 billion unregistered securities offering and both CEO Brad Garlinghouse and co-founder Christian Larsen are also in the crosshairs.On April 6, Ripple Labs was…
Celestia Foundation secures $100M capital led by Bain Capital Crypto
The investment round’s backers include Bain Capital, Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing Celestia’s total fundraising to $155 million.
Dubai Gov’t to Launch KYC Blockchain Consortium in Q1 2020
One of the financial hubs of the Middle East, the United Arab Emirates (UAE), is continuing to expand blockchain-driven developments.The Department of Economic Development (DED) of Dubai has established a Know Your Customer (KYC) blockchain consortium with six major banks.Dubbed “KYC Blockchain Consortium,” the new blockchain-powered regulatory platform is designed to accelerate processes like exchange…