Category: Blockchain

The Commodity Futures Trading Commission (CFTC) can regulate all derivatives and futures trading in US markets. In a statement released on Monday, the agency’s Commissioner, Dawn D. Stump, claimed to clear up confusion about the agency’s role on cryptocurrency-related products. According to Stump, the agency has no regulatory powers to oversee commodities and securities as they may be

El Salvador’s government has started installing Bitcoin ATMs to allow citizens to convert the crypto into US dollars and withdraw it in cash. El Salvador President Nayib Bukele stated that his government plans to install the first 200 Bitcoin ATMs to accompany its digital wallet called “Chivo”. The president also announced that there would be

The emerging report shows that VanEck global investment manager and ProShares investment firm, have withdrawn their applications with the US Securities and Exchange Commission (SEC) for their proposed Ethereum Exchange-Traded Funds (ETFs). Both investment firms filed separate proposals for Ethereum futures ETFs to the market regulator on Wednesday, August 18. However, both VanEck and ProShares

The illiquid supply of the Bitcoin network hit a record-high, as acknowledged by on-chain metrics provider Dilution-proof. Illiquid supply often indicates a holding or hodling culture because coins are usually kept in cold storage and digital wallets instead of crypto exchanges where they can be easily liquidated.  Hodling is a favoured strategy because Bitcoin is

Institutions have been injecting capital for investments in the Bitcoin market, which is instrumental in increasing price. Lucas Outumuro, the head of research at IntoTheBlock, explained: “On-chain data shows institutions have been accumulating Bitcoin with the amount of volume in addresses with over 1K BTC reaching 6-month highs. This volume has grown as the

Taiwan’s blockchain startup company XREX, which focuses on fiat cryptocurrencies, announced the completion of a Pre-A round of financing led by CDIB Capital Group with $17 million in total. The digital financial technology company stated that the financing would be used to expand the company’s legal currency portfolio and develop partnerships with more companies that

South Korea’s largest cryptocurrency exchange, Upbit, has leapt to become the first digital currency exchange for registering with the Financial Intelligence Unit (FIU)- the country’s market regulator. As unveiled by the government body, the move comes after the exchange completed the requirement to meet the registration, which includes partnering with a local bank to capture customers data

New York-based Neuberger Berman asset management firm received the US SEC’s greenlight to invest up to 5% of its assets in Bitcoin futures. Neuberger can invest up to 5% of its $164 million Commodity Strategy Fund for Investment in Bitcoin products, such as Bitcoin futures and Canadian Bitcoin exchange-traded funds. According to its regulatory filing with the

A new survey by Big 4 auditing firm Deloitte has revealed that 80% of executives in the Financial Services Industry (FSI) believes digital assets will be an indispensable part of their businesses in the next 24 months. As published by the firm, 81% of the FSI leaders strongly agree that blockchain technology is broadly scalable

Digital payment giant Paypal said on Sunday, August 22, that the platform would officially launch its cryptocurrency service in the UK this week. This is the first expansion of this service in other countries after its launch in the US in November last year, an important milestone for Paypal to enter the cryptocurrency service. In