Experts are concerned about SEC requirements for Bitcoin ETFs
The stringent requirements set forth by the U.S. Securities and Exchange Commission (SEC) for potential spot Bitcoin Exchange-Traded Funds (ETFs) have ignited concern among industry luminaries, including venture capitalist Nick Carter and BitMEX experts. Their consensus indicates that these regulatory demands could potentially undermine the efficacy of such investment vehicles. The spotlight on the revised application of Grayscale Investments has drawn considerable attention within the commun...
Experts are concerned about SEC requirements for Bitcoin ETFs
The stringent requirements set forth by the U.S. Securities and Exchange Commission (SEC) for potential spot Bitcoin Exchange-Traded Funds (ETFs) have ignited concern among industry luminaries, including venture capitalist Nick Carter and BitMEX experts. Their consensus indicates that these regulatory demands could potentially undermine the efficacy of such investment vehicles. The spotlight on the revised application of Grayscale Investments has drawn considerable attention within the commun...
An unknown person made $1 million from the unexpected relaunch of Multichain
The Multichain cross-chain protocol, which had ceased functioning in July, surprisingly came back to life in early November, resulting in one fortunate user reaping $1 million in profits through arbitrage, as reported by DL News. The sudden relaunch of the protocol in November was unexpected, given that it had faced issues since May, which eventually led to user funds being moved to unknown addresses. The protocol's shutdown in July was attributed to the arrest of the company's CEO,...
An unknown person made $1 million from the unexpected relaunch of Multichain
The Multichain cross-chain protocol, which had ceased functioning in July, surprisingly came back to life in early November, resulting in one fortunate user reaping $1 million in profits through arbitrage, as reported by DL News. The sudden relaunch of the protocol in November was unexpected, given that it had faced issues since May, which eventually led to user funds being moved to unknown addresses. The protocol's shutdown in July was attributed to the arrest of the company's CEO,...
The Fed saw stablecoins as a threat to financial stability
The tranquil facade of stablecoins may belie an undercurrent of potential instability, or so warns a comprehensive study conducted by the Federal Reserve Banks of Boston and New York. In a financial landscape increasingly shaped by these digital assets, experts have sounded a clarion call, deeming stablecoins a latent threat to the very stability of the financial system itself. The study casts a discerning eye on two of the most prominent figures in this arena, USDT and USDC, and dares to dra...
The Fed saw stablecoins as a threat to financial stability
The tranquil facade of stablecoins may belie an undercurrent of potential instability, or so warns a comprehensive study conducted by the Federal Reserve Banks of Boston and New York. In a financial landscape increasingly shaped by these digital assets, experts have sounded a clarion call, deeming stablecoins a latent threat to the very stability of the financial system itself. The study casts a discerning eye on two of the most prominent figures in this arena, USDT and USDC, and dares to dra...
OKX is interested in the Indian market
Cryptocurrency exchange OKX is actively exploring opportunities to enter the Indian market as part of its expansion strategy. The company's marketing director, Haider Rafik, has mentioned that they currently have 200,000 users of the platform's wallet in India, which represents only 5% of the participants in the local Web3 sector. While OKX does not currently have plans to open an office in India, the exchange is seeking to engage with the local community and explore where they can ...
OKX is interested in the Indian market
Cryptocurrency exchange OKX is actively exploring opportunities to enter the Indian market as part of its expansion strategy. The company's marketing director, Haider Rafik, has mentioned that they currently have 200,000 users of the platform's wallet in India, which represents only 5% of the participants in the local Web3 sector. While OKX does not currently have plans to open an office in India, the exchange is seeking to engage with the local community and explore where they can ...
Cryptocustodian Prime Trust files for bankruptcy
Prime Trust filing for Chapter 11 bankruptcy indicates financial distress for the digital asset custodian company. Here are some key points to consider:Chapter 11 Bankruptcy: Chapter 11 bankruptcy is a form of bankruptcy protection that allows businesses to restructure their debts and continue their operations while developing a plan to repay creditors over time. It provides a legal framework for companies to address financial challenges and potentially emerge as viable entities.Financial Dif...
Cryptocustodian Prime Trust files for bankruptcy
Prime Trust filing for Chapter 11 bankruptcy indicates financial distress for the digital asset custodian company. Here are some key points to consider:Chapter 11 Bankruptcy: Chapter 11 bankruptcy is a form of bankruptcy protection that allows businesses to restructure their debts and continue their operations while developing a plan to repay creditors over time. It provides a legal framework for companies to address financial challenges and potentially emerge as viable entities.Financial Dif...
