Tag Archives: AA News

Coinbase’s shares spiked to almost $90 following the news that exchange operator Cboe Global Markets filed amended applications of three spot BTC exchange-traded funds, adding surveillance-sharing agreements with Coinbase. The US Securities and Exchange Commission has yet to decide on the launch of such a product. It remains unknown whether the lawsuit filed against Coinbase by the watchdog will affect its final ruling. Rising to Almost One-Year High Cboe Global Markets – an...

Arkham Intelligence, a blockchain sleuthing company in the vein of Chainalysis and others, recently announced the release of a platform to deanonymize and trade information pertaining to blockchain users, as well as the release of a new ARKM token to go with it. Snitching as a Service Touted as “the world’s first on-chain intelligence exchange,” Arkham Intelligence will allow users of the service to post bounties for any information on blockchain users. “Our vision for the...

Crypto investment company Paradigm has filed an amicus brief in the US Securities and Exchange Commission’s (SEC) case against Bittrex, claiming that the regulator is “wrongfully attempting to lay claim over crypto secondary markets.” The brief filed on July 7th stated that the case against the US-based crypto exchange should be dismissed. It argued that the SEC cannot support extending the Howey test to determine that secondary market sales are investment contract...

Brazil has been developing a CBDC for some time now. If all goes according to plan, the digital Real will be launched sometime in 2024. Once launched, it would support retail payments for anyone inclined to use it, backing up the payment with funds in the users’ bank accounts. Planning Ahead The Brazilian CBDC would not, however, interfere with other payment methods common in Brazil, such as Pix. According to a spokesman for the Brazilian government, the decision to push on...

Grayscale, the owner of the world’s largest Bitcoin fund, has grown even more frustrated with the U.S. Securities and Exchange Commission (SEC) after the regulator approved a leveraged Bitcoin futures ETF last month. The firm has taken its complaint to the court, arguing that the approval strengthens its case that the SEC’s denial of its Bitcoin spot ETF application is “discriminatory.” 2X Futures VS Spot: What’s Riskier? In a letter to the Court of Appeals for the DC Circuit...

Algorand-based decentralized finance (DeFi) protocol, Algofi, has announced winding down its operations. In a statement, Algofi cited a “confluence of events” as the reason behind its decision that has rendered it no longer viable to continue building and maintaining the platform to the “highest standards.” As a result, the platform will soon transition to withdrawal-only mode. The DeFi platform revealed that closing down all the social media platforms associated with the...

Leading crypto exchange Bitfinex released its latest Bitfinex Alpha report, a weekly publication that offers on-chain data and insights into the dynamic crypto market. This week’s document found that the amount of unmoved bitcoin has reached its highest point. The report further highlights an intriguing development in liquidity trends. Bitcoin liquidity has experienced a decrease, while that of Tether USDT has witnessed a noteworthy increase. Bitcoin’s Unmoved Supply Hits...

Jay Clayton – former Chairman of the US Securities and Exchange Commission (SEC) – believes the agency should approve a spot Bitcoin ETF in America if the interested companies prove the safety of the product. However, he could not predict when such a green light would come. Multiple behemoths, including BlackRock, Invesco, and Fidelity Digital Assets, have recently filed to launch such a fund. The SEC has previously given its nod to a futures BTC ETF but has been reluctant to...

The $7 trillion asset management giant Vanguard Group now owns a 10.24% stake in Riot Blockchain (NASDAQ: RIOT) – the world’s largest Bitcoin mining company. A filing with the Securities and Exchange Commission (SEC) on Monday showed that Vanguard has upped its exposure to the firm from 15.2 million shares to 17.9 million. Based on Riot’s current share price, Vanguard’s stake is now worth $295 million. The company also bought millions of shares in competing firm Marathon...

Robert Kiyosaki – an American investor, motivational speaker, and author of the book “Rich Dad, Poor Dad” – forecasted a grim future for the US dollar, advising people to focus on precious metals and bitcoin. He believes the primary cryptocurrency can skyrocket to $120,000 in 2024.  The leading British banking institution – Standard Chartered – also thinks the asset can reach that milestone next year. Another Bullish Prediction South Africa will host the leaders of Brazil,...