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Grayscale's upcoming spot Ethereum exchange-traded fund (ETF) could experience significant outflows, averaging around $110 million per day. This prediction is based on the pattern observed when Grayscale's Bitcoin Trust (GBTC) was converted from closed fund status to an ETF on January 11, analytics firm Kaiko said in its recent report.
May 28, 2024FalconX, one of the leading prime brokers in the cryptocurrency market, has made a new move aiming to build a bridge between traditional finance and crypto currencies. The company announced that it has opened a dedicated foreign exchange desk in London, which will be managed by an expert team transferred from crypto banking company BCB Group. This move is considered an important step for institutional investors to access the cryptocurrency market more easily and securely.
May 28, 2024The recent three-day visit of the Hong Kong Currency Authority (HKMA) to Malaysia could herald significant cooperation in the future of Asian finance. The strategic goal behind this visit is to strengthen the financial infrastructures of the two regions and deepen cooperation to develop innovative solutions. In this article, we will examine the potential benefits of this cooperation and its possible impact on Asia's financial landscape.
May 27, 2024If the European Union (EU) wants to continue to be a pioneer in the field of technological innovation, it must closely follow developments in blockchain technology and artificial intelligence (AI) and seize the opportunities arising from the convergence of these two fields. In this context, the recently published report of the European Blockchain Observatory and Forum (EUBOF) underlines that the EU must be prepared for this transformation.
May 27, 2024South Korean authorities have dealt a significant blow to global criminal operations in the cryptocurrency space by arresting 19 members of a scam chat group operating on social media. This gang made a profit of approximately $19 million by approaching its victims with the promise of quick profits. This incident is seen as an important step taken by law enforcement in the fight against these crimes, in the shadow of increasingly complex and globalized cryptocurrency frauds.
May 24, 2024The minutes of the last meeting of the US Securities and Exchange Commission (Federal Reserve - Fed) reveal an interesting tension between traditional finance and cryptocurrency markets. While crypto prices remained flat after the meeting, US stocks moved downward due to inflation concerns and the possibility of the Fed not making an aggressive policy change.
May 23, 2024The cryptocurrency market in Nigeria is entering a period full of uncertainties with recent developments. The postponement of the tax evasion case filed against the Binance cryptocurrency exchange, combined with the increasingly tightening regulations on crypto, raises questions about the country's crypto future.
May 23, 2024The US House of Representatives took an important step in cryptocurrency market structure legislation by approving the "Financial Innovation and Technology Act for the 21st Century" (FIT21) by a vote of 279-136, with strong support from many Democratic members. This has been noted as the cryptocurrency industry's most significant legislative achievement in Congress.
May 23, 2024Securities and Exchange Commission (SEC) Chairman Gary Gensler said on Wednesday that the Financial Innovation and Technology Act for the 21st Century (FIT 21) would harm investors and hinder the work of the SEC.
May 22, 2024The White House is opposed to the US House of Representatives passing a crypto market structure bill, but the president is not threatening to veto it, which is seen as a positive sign for the crypto industry.
May 22, 2024Online fraud, one of the dark sides of the internet, unfortunately continues to victimize many people. One of these scams has started to include cryptocurrencies, with their increasing popularity in recent years. Crypto investment scams have increased from an incredible $2.57 billion to $3.94 billion in the US by 2023. This increase has brought about new approaches to combating online fraud.
May 22, 2024The Federal Bureau of Investigation (FBI) has arrested a dark web drug market owner by tracking illegal crypto transfers. Rui-Siang Lin, a 23-year-old Taiwanese man, was convicted of operating a $100 million dark web drug market.
May 21, 2024Judge James Mellor issued his written decision on Monday, stating that Craig Wright lied "extensively and repeatedly" in written and oral evidence presented in the Crypto Open Patent Alliance case in which he identified himself as Satoshi Nakamoto, the creator of Bitcoin.
May 20, 2024The United Kingdom's AI Security Institute will begin operating internationally by opening a new branch in the United States.
May 20, 2024A new page is opening in Venezuela's cryptocurrency mining industry. Local news sources are reporting that the Ministry of Energy plans to shut down cryptocurrency mining companies that draw energy from the national power grid SEN (Sistema Electrico Nacional). The move is closely tied to the country's ongoing energy crisis and efforts to fight corruption.
May 20, 2024A Nigerian court rejected the bail application of detained Binance executive Tigran Gambaryan on the grounds that he had a high probability of escape, the official's family spokesman announced in a statement on Friday.
May 17, 2024Turkey has come to the agenda with a new draft law to both ensure investor security and ensure global harmony in the crypto asset market. The content and potential impacts of this bill should be closely examined considering the growing interest in cryptocurrencies.
May 17, 2024According to a press release from the Hong Kong Monetary Authority (HKMA), the Chinese digital currency is first expanding out of the mainland. Digital yuan, also known as e-CNY, has been launched in Hong Kong's local stores and is currently in a pilot phase for cross-border payments. The move is seen as part of China's efforts to position its digital currency as a global means of payment.
May 17, 2024