Crypto news

After handily defeating the regulator in court, Grayscale sent a letter to the Securities and Exchange Commission (SEC) on Tuesday with key messages for the agency as it pursues next steps. Given the court’s ruling, Grayscale emphasized that the commission has run out of reasons to continue denying the launch of a Bitcoin spot ETF. No More Options for the SEC Per Grayscale’s comment letter published on Tuesday, the firm encouraged the SEC to “move expeditiously” toward spot...

As part of FTX’s bankruptcy court proceedings, the exchange’s new management has – to the best of their ability – produced a balance sheet containing all expenses filed on behalf of the FTX Group’s C-Suite. Some of these expenses were already known to the public, such as the infamous purchase of Robinhood shares for SBF and Gary Wang. However, some of the expenses listed in the 57-page document have never been revealed before. Purchased Shortly Before His Departure According...

Genesis Trading – the trading arm of crypto VC giant Digital Currency Group (DCG) – is set to shutter its trading operations in the United States later this month. The suspension comes after DCG’s crypto lending firm – Genesis Global Holdco – filed for bankruptcy in January. Why End U.S. Trading? As reported by Bloomberg, a spokesperson for Genesis said that the company is winding down its U.S. trading service for “business reasons.” “This decision was made voluntarily and...

On Sept. 4, Fabio Panetta, ECB Executive Board member at the Committee on Economic and Monetary Affairs of the European Parliament, said the central bank was nearing the end of its research and investigation phase. It will soon decide whether to move to the next phase of potentially developing and issuing a digital Euro. The ECB first published a report on a CBDC in October 2020, and three years later, they’re ready to move forward. Big Tech Warning The first key aspect is...

The Web3 startup accelerator that focuses on Decentralized Finance (DeFi) and blockchain games – Cronos Labs – said the recruitment phase of the Cronos Accelerator Program started on September 4. The entity has previously teamed up with numerous companies, including Google Cloud, Amazon Web Services (AWS), and PeckShield, to support the scheme’s launch. The price of the native token of the ecosystem – CRO – briefly spiked by around 5% after news broke out before quickly...

Bitcoin’s price is well known for its four-year price cycles, which coincide with its “halving” schedule that reduces its inflation rate every four years. But is one phenomenon truly related to the other? Some analysts believe that the asset’s cyclical movements are related to macro conditions. and that the halving schedule’s congruency is pure coincidence. The Importance of Liquidity According to crypto trading analyst TXMC, the location of the Bitcoin halving is a “wildly...

With the introduction of the Sorare App’s AR functionality, fans can now take their virtual football experience beyond the screen and into their everyday lives. Web3 fantasy sports platform Sorare has announced the launch of its 3D digital football player cards with built-in Augmented Reality (AR) features. This bold move aims to revolutionize the way fans interact with their favorite football players and take fantasy sports to a whole new level. Sorare Unveils a New Era of Fantasy Sports...

Only 9.5% of the Arm American Depository Shares would be available to the general public at the IPO, while SoftBank retains the rest. Chip design company Arm may be looking for up to $4.87 billion in funding at the conclusion of its upcoming initial public offering (IPO), which could put the company’s valuation at $52 billion. Arm has submitted an updated F-1 filing to the United States Securities and Exchange Commission (SEC) as it prepares for the IPO. Arm’s shares will float as American...

Brilliant Crypto, Inc. has joined hands with the international football club Paris Saint-Germain F.C. Brilliant Crypto and Paris Saint-Germain… The Perfect Match? Sebastien Wasels – managing director of Paris Saint-Germain in Asia-Pacific – mentioned in a recent interview: We are delighted to welcome Brilliant Crypto as the new premium partner of Paris Saint-Germain. This partnership represents the 12th deal signed by the club’s Asia Pacific office since its...

While predicting the future of specific cryptocurrencies is not an exact science, market analysts often consider several aspects, including past performance, use cases, community participation, and broader market volatility. With that in mind, let’s examine whether Shiba Inu (SHIB) has the potential to outperform Ripple (XRP) in the future. For this particular question, though, we asked none other than ChatGPT. SHIB v. XRP Looking at their market caps, with a current...