Crypto asset manager Bitwise has officially filed for an XRP exchange-traded fund (ETF) in Delaware. It marks a major step in the push toward institutional-level investment in Ripple’s native cryptocurrency. Bitwise CIO Says Filing is Genuine Fox Business reporter Eleanor Terrett took to X on October 1 to break the news that Bitwise had registered […]
Reports have emerged that Japan plans to assess the effectiveness of its cryptocurrency rules. The review, which will take place over the next few months, could pave the way for the launch of crypto exchange-traded funds (ETFs) in the country. Review to Evaluate Investor Protection The news was first reported by Bloomberg, which quoted an […]
Bitcoin prices dumped almost $4,000 in less than 24 hours following an Iranian missile strike on Israel late on Oct. 1. The asset was trading at just over $64,000 on Tuesday but it tanked hard to bottom out at a little above $60,000 following the attack. BTC has since recovered to around $61,700 during Wednesday […]
TL;DR Ripple cautioned users to beware of fake claims that its stablecoin is live. The SEC labeled the product as an unregistered asset, adding to its ongoing legal disputes with the company. XRP Army Beware Earlier this year, Ripple announced it will launch a stablecoin pegged 1:1 to the American dollar. It will be called […]
At the 2024 Tsinghua PBC Chief Economist Forum, former Chinese Vice Minister of Finance Zhu Guangyao urged China to re-evaluate its approach to the crypto industry. He cited the evolving international stance on digital currencies, particularly in the United States, where the asset class has gained political support from key figures like U.S. presidential candidate […]
Ethereum’s five-week decline has been reversed as ETH-based product inflows jumped to $87 million during the previous week. According to Coinshares, this was the first measurable inflow since early August, and it comes amidst a significant revival across digital asset investment products. The latest edition of the European asset manager weekly report revealed that digital […]
September is often dubbed ‘Slumptember’ as Bitcoin and crypto assets have historically recorded losses during this month with the odd exception. However, this September ended with the best performance, as noted by analyst Rekt Capital on Sept. 30. He reported that BTC increased by 7.75% in September, beating its previous record of 6% in 2016. […]
WalletConnect has warned crypto users about a fake app previously available on the Google Play Store. In a September 29 post on X, the organization behind the open-source protocol that enables secure connections between crypto wallets and decentralized applications (dApps) said the offending app has since been removed from Google Play, but not before it […]
Crypto markets were retreating heavily during early Monday morning trading in Asia, how low they go may be influenced by this week’s economic events. There are eleven Federal Reserve speaker events this week and a raft of economic data that could set the scene for the final quarter as Q3 comes to a close. Economic […]
The United States Securities and Exchange Commission (SEC) unveiled charges against two crypto companies, TrueCoin and TrustToken, for their fraudulent stablecoin investment program and unregistered offer and sale of securities. According to a press release by the agency, the SEC filed the complaint at the U.S. District Court for the Northern District of California and […]