The recent filing by Bitwise for an XRP exchange-traded fund (ETF) marks a pivotal moment in the advancement of institutional investment in Ripple’s cryptocurrency. This announcement, initially reported by Fox Business journalist Eleanor Terrett, showcases the growing interest among institutional players in integrating digital currencies into mainstream financial instruments. Bitwise’s establishment of an XRP ETF
Crypto
In a significant legal outcome, a 21-year-old from Lebanon, Indiana, named Evan Frederick Light, has confessed to masterminding a vast cryptocurrency theft that has shocked the global tech community. With more than $37 million pilfered from nearly 600 victims across the globe, this case underscores the serious vulnerabilities within digital investment platforms. The theft, which
On October 2, 2023, the U.S. Securities and Exchange Commission (SEC) reignited its legal battle against Ripple Labs by filing a notice of appeal concerning a pivotal court ruling. This marks another chapter in the lengthy contest over whether the XRP token, associated with Ripple, constitutes a security under U.S. law. The appeal seeks to
On October 1, a missile strike by Iran on Israel sparked a significant drop in Bitcoin’s price, illustrating the cryptocurrency’s sensitivity to geopolitical events. In less than a day, Bitcoin’s value plummeted from slightly over $64,000 to a low of approximately $60,000, reflecting a staggering almost $4,000 drop. Such volatility is a hallmark of Bitcoin
The global landscape of cryptocurrency is continually transforming, and as nations respond to these shifts, it is imperative for China to reassess its policies regarding digital currencies. Former Chinese Vice Minister of Finance, Zhu Guangyao, has raised this point at the 2024 Tsinghua PBC Chief Economist Forum. His arguments provide insightful context on both the
In a significant move towards integrating digital assets into its financial landscape, Taiwan’s Financial Supervisory Commission (FSC) has rolled out a policy allowing professional investors to invest in foreign cryptocurrency exchange-traded funds (ETFs) through local brokers. This initiative is noteworthy for its exclusivity; it is narrowly tailored to accommodate professional investors only, including institutional entities,
On September 27, bitcoin (BTC) experienced a brief resurgence, reaching a notable trading price of $66,500. This uptick marked the first time since late July that BTC reclaimed such a high value, prompting optimism from a broad spectrum of investors. However, this bullish sentiment was short-lived as the cryptocurrency quickly fell below the $64,000 threshold,
On September 30, the cryptocurrency landscape appeared gloomy, with many prominent coins experiencing losses. Bitcoin, Ethereum, and Binance Coin marked declines, while smaller coins like Dogecoin and Shiba Inu faced even more dramatic downturns. In this turbulent environment, Ripple’s XRP unexpectedly emerged as a positive exception, marking a noteworthy 4% rise in value. This phenomenon
In the rapidly evolving landscape of cryptocurrency, users must maintain an acute awareness of potential scams and fraudulent applications. Recently, WalletConnect, a reputable organization that facilitates secure connections between crypto wallets and decentralized applications, issued an urgent alert regarding a malicious app masquerading as a trustworthy tool. This fake application was accessible on the Google
In recent months, the intricate world of digital currency has demonstrated a darker side through the case of the Fiewin app, an online gaming platform that was allegedly a front for a massive cryptocurrency scam. This app, marketed as a gaming opportunity that allowed users to earn money through a variety of mini-games, attracted users