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Bitwise files to list a spot Aptos ETF — the 36th largest cryptocurrency
Crypto asset manager Bitwise is making headlines with its latest move to further diversify its offerings in the rapidly evolving cryptocurrency landscape. On March 5, 2023, Bitwise submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for a spot Aptos exchange-traded fund (ETF). This initiative comes just eight days after the…
Continue ReadingUS Senate Votes to Repeal IRS DeFi Reporting Rule
In a significant move for the crypto community, the U.S. Senate has voted to reject a proposed rule by the Internal Revenue Service concerning “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales.” This rule, slated to come into effect for the tax year 2027, would have mandated decentralized finance (DeFi)…
Continue ReadingCanary Capital Files to Launch ETF Tracking Cross-Chain Protocol Axelar (AXL)
Canary Capital, the digital asset-focused investment firm founded by Steven McClurg, formerly of Valkyrie Funds, is set to revolutionize the cryptocurrency investment landscape with its latest initiative: an exchange-traded fund (ETF) designed to track the price of Axelar (AXL). The firm made waves recently by submitting an S-1 filing with the Securities and Exchange Commission…
Continue ReadingBitcoin network used to secure local GOP convention election results
The recent Republican Party Convention in Williamson County, Tennessee, marked a significant moment in the intersection of blockchain technology and electoral processes, as results from the March 4 election were securely recorded on the Bitcoin network. Utilizing a software platform known as Simple Proof, the convention’s election results were immutably stored on the blockchain at…
Continue ReadingBukele Defies IMF, Reaffirms Bitcoin Commitment Despite Loan Restrictions
El Salvador’s President Nayib Bukele has taken a bold stance on Bitcoin, reaffirming his commitment to the cryptocurrency amidst growing tension with the International Monetary Fund (IMF). This comes on the heels of an agreement for a $1.4 billion loan that includes conditions designed to limit the country’s Bitcoin-related activities, which Bukele vehemently opposes. In…
Continue ReadingTether, Circle Vie for Upper Hand in Stablecoin Industry Regulatory Push
Giancarlo Devasini, the recently appointed chairman of Tether after stepping down as its longtime CFO, keeps a notably low profile in Lugano, Switzerland. This contrasts sharply with the public persona of Jeremy Allaire, the founder of Circle, who engages actively with politicians and Wall Street executives, highlighting a broader ideological divide within the stablecoin sector.…
Continue ReadingXRP traders eye rally to new all-time highs at $5.85 as key support holds
XRP’s price is currently experiencing a significant upswing, trading 28% above its recent low of $1.94, which it hit on February 28. The cryptocurrency has risen by 6.5% in just the last 24 hours, maintaining a position above crucial support levels as traders keep their rally hopes alive. Elliott Wave Analysis Predicts a Target of…
Continue ReadingThis Ripple Metric Explodes by Over 600% in a Week: XRP Price Pump Incoming?
Ripple’s XRP has shown remarkable volatility recently, experiencing a price crash below $2 at the end of February, only to rebound sharply and reach over $3 at the beginning of March. As of now, XRP’s price is stabilizing around the $2.50 mark, which indicates a notable 10% increase over the past week. This surge in…
Continue ReadingA Key to Unlocking Institutional Capital
Data serves as the backbone of market efficiency, particularly within the realm of finance where robust information predicates informed decision-making. While traditional financial markets thrive on standardized and accessible data, enabling varied analytical avenues for participants, the world of digital assets presents a contrasting scenario. Although blockchain technology champions transparency, it often lacks the structured…
Continue ReadingSEC drops case against Coinbase — a win for crypto or payback for donations?
Following recent developments in the U.S. crypto landscape, the tides may be turning as President Donald Trump’s administration has seemingly signaled a more open stance towards cryptocurrency regulation. With the Securities and Exchange Commission (SEC) recently choosing to drop lawsuits against major players like Coinbase and Robinhood Crypto, a potential shift in policy direction could…
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