Ripple’s Chief Legal Officer, Stuart Alderoty, has voiced his concerns about the upcoming appearance of Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), before the Senate Committee on Financial Services. In a recent post on his social media account, Alderoty stated that Gensler might make statements that could be misleading. Specifically,
In a recent report by Bloomberg analyst Jamie Coutts, it was revealed that asset managers’ interest in Bitcoin goes beyond traditional investments like exchange-traded funds (ETFs). Specifically, Coutts points out that BlackRock, one of the largest asset managers globally, has been involved in the Bitcoin mining sector for over three years. This revelation comes as
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the ARK 21Shares Bitcoin exchange-traded fund (ETF) and GlobalX’s Bitcoin ETF. This filing comes after the Cboe BZX proposed a rule change for the approval and listing of these ETFs. The delays in the decision-making process have raised concerns about the SEC’s treatment
The integration of cryptocurrency mining in traditional industries continues to expand, with Argentinian oil producer Tecpetrol announcing its plans to mine cryptocurrencies using associated gas. This innovative approach to crypto mining allows the company to make use of the gas produced during the oil extraction process, generating electricity to power mining rigs. Tecpetrol’s move signifies
PEPE, a meme coin, has experienced a significant decline, reaching a three-month low on September 17. However, it has recently shown signs of life with a 16% bounce back from the bottom. Despite this, PEPE is currently facing resistance that could potentially reverse this bounce. The outcome of the near future will determine PEPE’s trajectory
The United States Securities and Exchange Commission (SEC) has recently objected to the inclusion of Coinbase in the bankruptcy and reorganization plan proposed by crypto firm Celsius Network. Last week, Celsius revealed its intention to utilize Coinbase for the distribution of digital assets to its international customers, seeking approval from the court. However, the SEC
Tim Draper is a prominent venture capitalist and the founder of Draper University. With his early investments in companies like Tesla, SpaceX, and Coinbase, Draper has established himself as an influential figure in the tech and cryptocurrency space. However, his most notable claim to fame is his prediction that Bitcoin would reach $250,000 by 2022.
HTX global adviser Justin Sun has announced the establishment of a secure asset fund for users (SAFU) following a recent exploit that resulted in a loss of $7.9 million from its hot wallet. This fund aims to provide a financial safety net for investors in the event of asset losses due to hacks or other
Litecoin (LTC) has had a relatively uneventful week, trading within a narrow price range around the $64 mark. The overall sentiment in September has been bearish, with sellers dominating the market. While Litecoin is known for its volatility, recent times have seen it mirroring Bitcoin’s sideways movement. As of the latest data, Litecoin is currently
In a surprising turn of events, well-known crypto influencer Ben Armstrong, previously known as BitBoy Crypto, was arrested by the police while live-streaming on YouTube. The arrest took place during a live session that was eagerly anticipated by his followers, as Armstrong had mentioned that he would be broadcasting from a unique and special location.