The Shiba Inu cryptocurrency, with the ticker symbol shib, has witnessed an extraordinary surge in popularity and value in recent times, as indicated by data from Google Trends. The doggy-themed meme coin has managed to grab the attention of investors and crypto enthusiasts from all corners of the world, leading to an unprecedented rise in…
Major Players in the Cryptocurrency Industry Call for Definitive Regulatory Guidelines from the US Securities and Exchange Commission Background: The Need for Regulatory Clarity in the Cryptocurrency Market In an attempt to address the regulatory ambiguity surrounding the cryptocurrency market, major players within the industry are urging the U.S. Securities and Exchange Commission (SEC) to…
During a recent episode of the Unchained Podcast, Kyle Davies, co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC), displayed an unyielding and unrepentant attitude towards the billions in losses sustained by investors. Amidst criticism and legal implications, Davies remained steadfast in his position, expressing no regret or remorse for the collapse of…
SEC Extends Decision Timeline for Hashdex Nasdaq Ethereum ETF and ARK 21Shares Ethereum ETF Approval Until May 2024 The United States Securities and Exchange Commission (SEC) has announced an extension of the decision timeline for the approval of both the Hashdex Nasdaq Ethereum ETF and ARK 21Shares Ethereum ETF. The decision comes as a result…
BlackRock, the world’s largest asset manager, has announced the establishment of a new institutional-grade digital liquidity fund named BlackRock USD Institutional Digital Liquidity Fund (BUIDL). According to filings with the U.S. Securities and Exchange Commission (SEC), this fund will operate on the Ethereum blockchain and consist of tokenized assets. The inception of BUIDL marks a…
The cryptocurrency exchange OKX, which is based in the Seychelles, has recently announced that it will no longer support Tether (USDT) trading pairs within the contact Economic Area (EEA). This decision was communicated to users through a social media post by MartyParty, who reported that customer support confirmed the discontinuation of USDT trading pairs due…
Amidst the tense anticipation surrounding the impending sentencing of Sam Bankman-Fried, founder of the now-defunct cryptocurrency exchange FTX, a multitude of victim impact statements have surfaced, illuminating the ripple effects of the exchange’s collapse in late 2022. The Department of Justice (DOJ) has compiled numerous statements from FTX creditors, revealing the financial and emotional toll…
Mehen Finance, the innovative financial entity behind the USDM stablecoin on the Cardano blockchain, is preparing for a public retail rollout in April. This significant milestone comes after the stablecoin’s successful debut on the network on March 17, which is currently accessible only to institutional investors. In a recent interview with Cointelegraph, Matthew Plomin, founding…
The Rebound of Crypto Market Liquidity: Bitcoin Rally and Improving Conditions, But Challenges Persist The crypto market has witnessed a significant rebound in liquidity levels according to the latest findings from the reputable research firm Kaiko. The data gathered by this crypto intelligence company reveals that the infamous “Alameda Gap,” which was the result of…
Changpeng Zhao’s Latest Venture: Giggle Academy, Bridging the Educational Divide Changpeng Zhao, popularly known as CZ, the mastermind behind Binance, the leading crypto exchange, has recently ventured into the educational sector with an innovative project, Giggle Academy. This move signifies CZ’s determination to expand his influence beyond crypto and contribute towards solving global challenges through…
Bakkt’s Leadership Transition: Andy Main Takes the Helm Amidst Financial Stability and Market Uncertainty Bakkt, a prominent crypto custody service and exchange, recently announced a significant leadership transition. The upcoming change, set to take effect later next week, involves the departure of CEO Gavin Michael, who will be succeeded by board member Andy Main. Michael…
London-based Distressed Asset Trading Firm, Attestor, Finds Itself in a Legal Dispute Over a Substantial Windfall from Crypto Investments: A Complex Saga Unfolds Amidst Market Turmoil and Intertwined Legal Entanglements Background: Attestor’s Remarkable Success Story Takes a Turn The London-based distressed asset trading firm, Attestor, has found itself embroiled in a legal dispute over its…
Centrifuge, the trailblazing blockchain technology company, has recently announced an innovative on-chain fund management platform. This groundbreaking solution is designed to revolutionize the way credit funds operate on public blockchains by consolidating a fund’s investment positions, transactions, and operational data, both on-chain and off-chain, into a secure, unified environment. The goal is to significantly enhance…
Libre’s Launch: A Revolutionary Tokenization Platform for Institutional Alternative Asset Investors Libre, an advanced tokenization platform designed to facilitate the issuance and distribution of tokenized alternative assets, has officially commenced operations for eligible investors. This groundbreaking initiative, developed by WebN Group and Laser Digital, aims to transform the way institutional investors engage with and manage…
Grayscale’s Strategic Shift: Reducing Fees for Grayscale Bitcoin Trust ETF (GBTC) Amidst Significant Outflows Grayscale’s Response to Market Maturity and Investor Sentiment Leading digital asset management firm, Grayscale, has announced plans to reduce the fees for its flagship $26 billion Grayscale Bitcoin Trust ETF (GBTC) over time. This strategic move comes in response to the…
Following a twelve-year wait, Capcom has officially announced the release dates for Dragon’s Dogma 2, much to the delight of RPG enthusiasts around the world. The anticipated sequel will be available to players across different time zones, ensuring a simultaneous launch for gamers everywhere. Additionally, players can take advantage of preloading options to ensure a…
French Hill, a distinguished political figure from Arkansas and the current chair of the United States House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, is aiming for a more significant role in the world of finance and digital assets. With Patrick McHenry announcing his decision not to run for another term as…
Historic Moment: Pakistan and the IMF Discuss Taxing Cryptocurrencies and Other Capital Gains A New Era for Taxation: The IMF Proposes Revamping Pakistan’s Capital Gains Tax Structure Today, Pakistan finds itself in a pivotal dialogue with the International Monetary Fund (IMF) concerning a $3 billion safety net arrangement. However, this conversation isn’t merely a routine…
In the ever-changing terrain of investment management, Cathie Wood and her team at Ark Invest have distinguished themselves by their forward-thinking approach to market fluctuations and the identification of burgeoning investment opportunities. This article delves into Ark Invest’s strategic portfolio adjustments, elucidating their reasoning and implications for investors. Ark Invest’s divestment from Coinbase shares: A…
Financial titan Fidelity, a leading player in the financial industry, has made a significant stride in the cryptocurrency market by submitting an amended proposal for an Ethereum (ETH) exchange-traded fund (ETF). This proposed ETF, if approved, would allow investors to stake a portion of the fund’s assets through a trusted staking provider. Fidelity’s Ethereum ETF…
