US Senator Elizabeth Warren has penned a letter to the US Securities and Exchange Commission (SEC), urging them to launch an investigation into the relationship between Tesla, led by Elon Musk, and the social media giant Twitter. In the letter addressed to SEC Chair Gary Gensler, Senator Warren raises concerns regarding potential conflicts of interest…
The Rise and Fall of Ether: Lessons from an Ambitious NFT Project In the ever-evolving world of NFTs, the cautionary tale of Ether serves as a valuable lesson. Despite its initial hype and promise, the project faced numerous setbacks that ultimately led to its decline. This article delves into the rise and fall of Ether,…
Invesco, a 1.4 billion investment management company, has resubmitted an application for a Bitcoin ETF, joining other firms such as BlackRock and WisdomTree. Key Points In recent news, the esteemed investment management firm, Invesco, has caught the attention of the financial world by filing a fresh application for a Bitcoin exchange-traded fund (ETF). With assets…
Ripple, the blockchain payments firm, has just announced that it has received in-principle approval of a Major Payment Institution Licence from the Monetary Authority of Singapore Key Points In a much-needed boost for the cryptocurrency industry, Ripple, a blockchain company, announced on Thursday that it has been granted in-principle regulatory approval to operate in Singapore….
Forbes warns of a seismic shift in the crypto market with XRP at the center, as BlackRock’s interest in Bitcoin ETF sparks potential market upheaval. Key Points Forbes magazine has issued a warning about an impending seismic shift that is headed towards the crypto market, with XRP at the center of it all. In their…
Japan’s tax authority has updated its regulations on corporate taxes, offering a tax exemption for businesses involved in cryptocurrency transactions. Key Points In a recent development, the tax administration in Japan has brought about a revision within corporate tax rules, providing an exemption to companies who deal with cryptocurrencies. With this update, companies issuing cryptocurrencies…
Cryptocurrency regulation debate intensifies as SEC scrutiny on XRP and Ethereum raises concerns and triggers predictions of downfall. Key Points In the world of cryptocurrency, the U.S. Securities and Exchange Commission (SEC) has come under increasing scrutiny. This has ignited a high-profile debate surrounding the future of XRP and Ethereum (ETH). One of the key…
Ripple lawsuit raises XRP’s profile, driving awareness, adoption, and investor interest. Key Points Renowned lawyer and founder of Crypto Law US, John Deaton, has expressed an interesting perspective on the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC). Deaton believes that the lawsuit has ironically led to increased awareness and adoption…
Circle Internet Financial Ltd. expands into Asia’s cryptocurrency markets, specifically Hong Kong, while closely monitoring the territory’s evolving crypto regulations. Key Points Circle Internet Financial Ltd., a prominent American digital currency company, is expanding its operations into the promising cryptocurrency markets of Asia. CEO Jeremy Allaire is closely monitoring the evolving crypto regulations in Hong…
The European Union has reached a political agreement on new bank-capital legislation to regulate crypto-assets, addressing concerns about their impact on the traditional financial system. Key Points The European Union (EU) has made a significant stride towards regulating crypto-assets by reaching a political agreement on new bank-capital legislation. This agreement aims to address concerns…
