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…
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…
Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker, Wintermute, assisted Celsius executives in manipulating the price of CEL (CEL) through improper market trading. According to a June 23 Bloomberg report, which cited a recent court filing, Celsius creditors have recently amended their lawsuit in the United States District Court of…
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…
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….
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…
Elon Musk, the founder and CEO of Tesla, has suffered a setback as one of the company’s top internal lawyers has departed, as stated in a legal filing submitted to federal court. Key Points Recent court filings reveal that Tesla founder and CEO Elon Musk has been dealt a significant blow, as one of the…
The social media platform Twitter has taken action against the AI-driven bot known as “Explain This Bob,” which had links to the widely circulated meme cryptocurrency BOB, by suspending its account. Key Point Elon Musk, the mastermind behind Tesla and SpaceX, recently took to Twitter to air his grievances about a meme coin AI bot…
Key Points In a recent report by UBS Global Family Office, it has been revealed that American crypto is not dead. In fact, it seems to be thriving. The report disclosed that 35% of family offices, who cater to ultra-high-net-worth investors, plan to increase their digital asset exposure. This is a positive development for the…
Key Points Making waves in the NFT space, Animoca Brands and decentralized protocol heavyweight, Rarible, announced the launch of the Mocaverse Marketplace. This next-generation platform, specifically designed for Animoca’s membership NFT collection, presents a unique, secure, and credible environment for digital asset transactions. Mocas thrive in unity, and so does the entire web3 space. We…
