On October 30th, BlackRock’s iShares Bitcoin Trust (IBIT) achieved a remarkable milestone, pulling in a staggering $872 million in a single day—its highest inflow since its inception in January. This unprecedented surge in investments marks a significant moment not only for IBIT but for the entire cryptocurrency ETF sector. The outstanding performance comes just after
Regulation
At the forefront of discussions at the Binance Blockchain Week in Dubai, Circle’s CEO, Jeremy Allaire, offered an optimistic perspective on the evolution of global regulations surrounding cryptocurrency and stablecoins. His insights suggest that countries worldwide are beginning to take a more receptive stance towards regulating digital assets, signaling a potential turning point for the
On October 29, 2023, Visa, the prominent international credit card network, made headlines by announcing a partnership with Coinbase aimed at enabling real-time transactions between traditional banking systems and cryptocurrency services. This collaboration is set to benefit Coinbase customers in both the United States and the European Union, enhancing convenience and providing new services that
In a significant stride towards modernizing the paradigm of cross-border transactions, the Bank for International Settlements (BIS) has announced its collaboration with several central banks, including those of Australia, Korea, Malaysia, and Singapore. This initiative, known as Project Mandala, aims to address critical regulatory challenges that plague international financial interactions. As global trade flourishes, the
The recent indictment of Maximiliano Pilipis, a 53-year-old former resident of Noblesville, Indiana, has shed light on the murky waters of cryptocurrency regulation and its implications for law enforcement. Accused of significant financial misconduct, including money laundering and failure to file tax returns, Pilipis’s case represents a growing concern within the U.S. Department of Justice
The recent sentencing of Nishad Singh, a former engineering director at the now-defunct cryptocurrency exchange FTX, highlights the significant ramifications of mismanagement in the evolving world of digital finance. On October 30, 2023, US District Judge Lewis Kaplan sentenced Singh to time served along with three years of supervised release. This outcome followed Singh’s guilty
In today’s rapidly evolving financial landscape, the urgency for the United States to adopt new technologies and regulatory frameworks cannot be overstated. In a recent open letter addressed to Vice President Kamala Harris and former President Donald Trump, Charles Cascarilla, the CEO and co-founder of Paxos, highlighted a critical juncture for the nation’s economic future.
The recent announcement by Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, reveals a significant milestone in the realm of digital finance. On October 29, Gemini disclosed that it has obtained in-principle approval from the Monetary Authority of Singapore (MAS) to provide services related to cross-border money transfers and digital payment tokens. This strategic
In a landscape characterized by volatility and regulatory uncertainty, Tether, a leading issuer of stablecoins, has found itself amidst intensified scrutiny regarding its reserves. Recently, CEO Paolo Ardoino publicly detailed the composition of Tether’s reserves, which include significant holdings of $5.58 billion in Bitcoin, $3.87 billion in gold, and around $100 billion in U.S. Treasury
As the landscape of digital currency continues to evolve, advocates for Bitcoin self-custody are mobilizing significant efforts at the state level to secure legal protections. The Satoshi Action Fund is at the forefront of this movement, channeling tactics reminiscent of those utilized by the cannabis industry to counteract federal restrictions. By pushing for laws that