The US Securities and Exchange Commission (SEC) has recently postponed the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), according to regulatory filings. Investment firms such as VanEck, Ark Invest, Hashdex, Grayscale, and Fidelity have all had their ETF proposals delayed. This has sparked discussions and speculation about the future of crypto ETFs
Impact
The recent surge in popularity of meme coins within the Solana ecosystem has brought about the emergence of Kermit (KERMIT) token. This new frog-themed token has experienced a rapid price increase of 600x within just 24 hours, capturing the attention of many traders and investors. The positive sentiment surrounding Kermit token can be attributed to
The UK Financial Conduct Authority (FCA) has recently revealed its intentions to recover £6.4 million ($8.1 million) in costs associated with the supervision of stablecoins and cryptocurrency. This recovery plan involves imposing fees on stablecoin issuers and digital asset custodians to cover the expenses incurred by the FCA in regulating these sectors. The funds obtained
Discover the impact of cryptocurrency on the global economy. Explore its influence on financial inclusion, disintermediation, decentralization, and economic growth. Learn about the challenges, opportunities, and implications for regulation, privacy, and wealth distribution.
As the world of cryptocurrency continues to evolve and expand, it is fascinating to witness the diverse performances of different meme coins. At present, two meme coins that stand out due to their drastically opposite performances are FLOKI and SPONGE. FLOKI’s Downward Spiral FLOKI, a meme coin named after a Shiba Inu belonging to Elon
BitMEX, a popular cryptocurrency exchange, is currently investigating unusual activity that occurred involving a user selling large orders on its Bitcoin spot market. The incident saw more than 400 BTC being unloaded on the platform, causing the price of Bitcoin to crash by 87% to as low as $8900 before correcting back to its actual
Parallel Studios, known for their Ethereum-based NFT game Parallel, has ventured into the realm of survival simulation with their latest creation, Colony. This groundbreaking game, built on the Solana blockchain, integrates artificial intelligence (AI) to provide players with a unique gaming experience that has garnered significant attention within the gaming community. Colony sets itself apart
The US Securities and Exchange Commission (SEC) Chair, Gary Gensler, recently raised concerns about the rising trend of ‘AI washing’, which refers to the misleading use of artificial intelligence (AI) in the financial sector. Gensler emphasized that such practices may violate securities laws, and the SEC is taking regulatory actions to address this issue. Gensler
The recent decision by crypto exchange OKX to delist Tether (USDT) pairs in the EU and only support USDC and Euro-based stablecoin pairs has caused quite a stir in the cryptocurrency community. This move comes on the heels of draft technical standards released by the EU related to stablecoins, which are expected to go into
The Asia Pacific region (APAC) has been making significant strides in the technology industry, with countries like Singapore and Hong Kong leading the way in terms of regulatory frameworks. Singapore, for instance, implemented stablecoin regulation last year, showcasing its commitment to creating a secure crypto ecosystem. This move sets a precedent for other countries to