Category: Blockchain

Gary Gensler, the US Securities and Exchange Commission chairman, has once again reiterated his support for Bitcoin Exchange Traded Funds (ETFs) that would invest in futures contracts instead of the cryptocurrency itself.  On Wednesday, September 29, the SEC boss talked to the Financial Times “Future of Asset Management North America Conference”. He noted that products

Bitcoin (BTC) was up by 2.18% in the last 24 hours to hit $43,146 during intraday trading, according to CoinMarketCap. BTC’s price has been quite volatile given that it experienced a considerable pullback earlier this month, which prompted a $10K loss days after breaching the psychological price of $50,000. Nevertheless, Santiment believes that Bitcoin’s price

After breaching the psychological price of $50,000 and scaling above the $52K level earlier this month, Bitcoin (BTC) has been consolidating between the $40K and $44K level. BTC was hovering around $43,235 during intraday trading, according to CoinMarketCap.  The leading cryptocurrency experienced a significant pullback, which at one time prompted a $10K daily loss. Market

Japanese financial giant SBI Group, Swiss bank of digital asset management Sygnum, and Italy’s Azimut Group jointly raised a $75 million venture capital fund in Singapore Thursday, aiming to invest in capable start-up companies in the digital asset field. This new fund company brought together the capital of these three companies with senior experience in

New Zealand is the latest entrant in the race of setting up a central bank digital currency (CBDC). The nation’s central bank, the Reserve Bank of New Zealand (RBNZ),  sees this as a stepping stone towards attaining an efficient monetary policy tool. CBDC presents an innovative form of money Per the announcement: “Trends in

The Bank of England has named the representatives from companies such as Spotify, PayPal, and Asos, Visa, and Amazon among stakeholders participating in two advisory groups that are examining a possible UK’s CBDC (Central Bank Digital Currency). On Wednesday, September 29, the Bank of England announced the members of the technology and engagement forums. The

Blockchain payments firm Ripple Labs Inc has launched a $250 million fund designated to help power the growth and development of Non-Fungible Tokens (NFTs). As announced by Ripple, the fund, dubbed the Ripple Creator Fund, will help all creators, brands, and marketplaces explore new use cases for NFTs on the XRPL, leveraging its inherent advantages

Nayib Bukele, the president of El Salvador, recently posted a Twitter video showing the “first steps” toward enabling Bitcoin mining using renewable energy in the country. On Wednesday, September 29, Bukele posted a video with the caption “first steps” accompanied by a volcano emoji via his Twitter account, showing that the nation began its project

Elon Musk, the iconic founder of Tesla, has made headlines again following his recent stance about the need for the US government to regulate the cryptocurrency ecosystem. As reported by CNBC, Elon Musk, speaking at the Code Conference in Beverly Hills, California, said the government should steer clear of trying to regulate the nascent crypto

Switzerland’s financial market watchdog announced that it had approved the first regulated cryptocurrency fund in the country. The Swiss Financial Market Supervisory Authority (FINMA) disclosed on Wednesday, September 29, that it had granted the launch of the Crypto Market Index Fund, according to Swiss law. The market regulator further stated that the Crypto Market Index