The Securities and Exchange Commission (SEC) has extended the decision timeline for the VanEck Ethereum exchange-traded fund (ETF), announcing that it will defer its ruling until May 23, 2024. The regulatory body has also invited public commentary on the proposed ETF. This is signaling a cautious approach to approving such financial products. In a document […]
Bitcoin experienced a significant rally, surpassing $67,000 following dovish comments from Federal Reserve policymakers. The surge came after the Fed maintained its outlook for three rate cuts by the end of the year. This is easing market concerns about a more hawkish stance on interest rates. Ether, the second-largest cryptocurrency by market capitalization, rebounded from […]
At the Blockworks Digital Asset Summit in London, Mathew McDermott, global head of digital assets at Goldman Sachs, reiterated the bank’s commitment to the digital asset ecosystem, highlighting its pioneering role and ongoing expansion in the sector. Goldman Sachs established its digital asset desk in 2021, offering liquidity in cash-settled derivatives, options, and futures crypto […]
The Saudi Arabian government is reportedly considering the creation of a $40 billion investment fund dedicated to artificial intelligence (AI) initiatives. In fact, it is potentially becoming the largest investor in the AI space. Partnership with a16z According to reports, Saudi Arabia’s Public Investment Fund (PIF) is contemplating a collaboration with Silicon Valley venture capital […]
In a significant development amid Nigeria’s crackdown on the crypto industry, a Federal court has ordered Binance to furnish the country’s Economic and Financial Crimes Commission (EFCC) with detailed data on all Nigerian users trading on its platform. “The applicant’s application dated and filed February 29, 2024, is hereby granted as prayed. That an order […]
Changpeng Zhao, the co-founder and former CEO of Binance, has announced his latest project, Giggle Academy, aimed at revolutionizing education accessibility worldwide. Despite recent legal challenges, Zhao remains steadfast in his commitment to philanthropy and innovation, as evidenced by his new endeavor. Educational Equality Through Gamification Giggle Academy sets out to address the educational disparities […]
In a significant move within the cryptocurrency space, Bitget Wallet has unveiled plans to introduce its native token, BWB. This comes one year after securing a substantial $30 million investment from crypto exchange Bitget. This development comes after the wallet underwent a rebranding initiative. It is a transition from its former identity as Cross-chain wallet […]
Nigeria’s Securities and Exchange Commission (SEC) has stirred controversy with its proposal to increase registration fees for crypto exchanges. The amendment suggests a substantial hike from 30 million naira ($18,620) to 150 million naira ($93,000). Accordingly, this attributed to recent engagements with the Central Bank of Nigeria (CBN). Fee Surge and Industry Response Under the […]
The Biden administration is facing mounting pressure to intervene in the detention of Tigran Gambaryan, a former U.S. federal agent specializing in cryptocurrency, and Nadeem Anjarwalla, a Binance executive, by the Nigerian government. The Chamber of Digital Commerce, a prominent industry organization, has urged for urgent diplomatic action to secure their release. Arbitrary Detention Raises […]
South Korea plans to establish a dedicated crypto-focused asset management system by 2025. This is a strategic move to combat tax evasion, according to local reports. This initiative comes as part of the country’s efforts to enhance regulatory oversight in the burgeoning cryptocurrency space. GTIC Chosen as Lead Firm for Asset Management System The National […]