The International Monetary Fund (IMF) recently suggested that Nigeria should consider embracing the regulated use of digital assets by licensing international crypto exchanges. This proposal was included in the IMF’s consultation report for Nigeria, with the aim of enhancing the country’s economic stability and solidifying its position within the African crypto sector. The recommendation comes
digital assets
Former President Donald Trump has recently made headlines by expressing strong support for Bitcoin and cryptocurrencies, a stark shift from his previous skepticism towards digital assets. This unexpected change in stance has caught the attention of crypto enthusiasts and investors alike, sparking speculations about the potential implications for Bitcoin and other virtual currencies as the
The European Securities and Markets Authority (ESMA) has recently announced a review of the rules governing crypto asset investments by UCITS (Undertakings for Collective Investment in Transferable Securities). This review is part of a broader examination of the EU’s financial regulatory framework initiated in response to a request from the European Commission (EC) to ensure
Recent developments in the United States legislative arena have brought forward a new proposal known as the Blockchain Integrity Act. This bill, introduced by Congressman Sean Casten and supported by other representatives, aims to impose a temporary halt on financial institutions engaging in transactions involving funds that have passed through crypto mixers. The proposed legislation
The recent insights provided by Benjamin Cowen shed light on the complex relationship between Ethereum and Bitcoin pricing and the potential for further downside risk. According to Cowen, the ETH/BTC pair is currently experiencing a downtrend, with historical data showing a steep decline in ETHUSD of around 70% following previous declines in the pair. This
Digital asset investment products recorded outflows for the fourth consecutive week, totaling a significant $251 million. The latest data indicates the first instance of “measurable outflows” from newly issued ETFs in the US, with a total of $156 million in outflows noted last week. This trend is indicative of investor sentiment shifting away from digital
Coinbase’s chief legal officer, Paul Grewal, has brought the issue of cryptocurrencies’ legal status to the forefront by calling out US SEC Chair Gary Gensler for allegedly misleading the market. Grewal argues that the SEC chair’s claims that many digital assets are securities are false, citing previous admissions by the SEC’s own lawyers that cryptocurrencies
Bitcoin (BTC) has been facing a price slowdown recently after recovering above $60,000. One of the main factors believed to be contributing to this tepid price movement is the reduced demand for the Spot Bitcoin ETFs. Despite recording billions of dollars in net inflows in the first three months of launch, the demand for these
The recent crackdown on crypto firms by the Securities and Exchange Commission (SEC) has raised concerns about how the regulatory landscape may inadvertently be favoring US crypto exchange Coinbase. Bitwise Investments CIO Matt Hougan pointed out in a social media post that the current regulatory environment is creating an “artificial moat” for Coinbase’s operations, potentially
Robinhood Markets Inc. is the latest crypto trading platform in the crosshairs of the Securities and Exchange Commission (SEC). The SEC has informed Robinhood that it is considering filing a lawsuit alleging violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934. Section 15(a) prohibits broker-dealers from effecting securities transactions without proper