Fidelity files for spot Ethereum ETF

Fidelity files for spot Ethereum ETF

Fidelity Investment has filed for a spot ether ETF, following its spot bitcoin ETF application. Asset management giant Fidelity Investment has filed for a spot ether ETF, in the footsteps of its spot bitcoin ETF application. “To this point, approval...
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Bitcoin Plunged 11% As Investors Pull $1 Billion From Crypto

Bitcoin Plunged 11% As Investors Pull $1 Billion From Crypto

Desperately slow empty shell Bitcoin with 2.7 TPS performance collapsed below $26,000 Friday afternoon as more and more dumb folks realized that the inventor(s) of Bitcoin never collected billions of dollars worth of revenue, suggesting that the indications of...
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PayPal Launches PYUSD – USD-Backed Stablecoin For Payments Purpose

PayPal Launches PYUSD – USD-Backed Stablecoin For Payments Purpose

American financial technology company PayPal launched a new crypto stablecoin called PayPal USD (PYUSD) on Aug. 7. The new US dollar-backed stablecoin will be issued by Paxos Trust Co. and fully backed by United States dollar deposits, short-term Treasurie...
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Ex- Barclays CEO Praises BlackRock BTC ETF Filing

Ex- Barclays CEO Praises BlackRock BTC ETF Filing

Former Barclays CEO Bob Diamond is not surprised by asset management giant BlackRock’s recent forays into the world of crypto. “I love seeing some of the mainstream firms get involved here, like BlackRock,” said Diamond during an interview with CNBC’...
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New Global Currency Unveiled: The Universal Monetary Unit

New Global Currency Unveiled: The Universal Monetary Unit

New digital asset the Universal Monetary Unit, also known as Unicoin, is an international central bank digital currency that has been designed to work in conjunction with all existing national currencies. The IMF did not create this new currency, but...
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SEC Chair Gary Gensler To Face Congress Grilling Over Crypto Policy

SEC Chair Gary Gensler To Face Congress Grilling Over Crypto Policy

The United States Securities and Exchange Commission (SEC) chief Gary Gensler is set to testify before the House Financial Services Committee for the first time. In an interview, Representative Patrick McHenry, chairman of the Financial Services Committee, co...
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USDC Depegs From $1

USDC Depegs From $1

U.S.-based casual stablecoin USDC issuer Circle held a part of its USDC stablecoin’s cash reserves at Silicon Valley Bank as of Jan. 17, according to the firm’s latest attestation. USDC is the second-largest stablecoin on the market, with a $43 bill...
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The SEC Charges Kraken Over Staking

The SEC Charges Kraken Over Staking

The Securities and Exchange Commission announced its enforcement action against Kraken, forcing the crypto exchange to shut down its staking service in the U.S. and pay a $30 million fine. Kraken’s staking service offered its customers an opportunity to ear...
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EU again postpones final vote on crypto-crackdown bill

EU again postpones final vote on crypto-crackdown bill

The final vote on the European Union’s (EU) much-awaited set of crypto rules, known as the Markets in Crypto Assets regulation (MiCA), was deferred to April 2023. It marks the second delay in the final vote, which was previously postponed from...
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Russia Close To Legalizing International Trade In Bitcoin, Crypto

Russia Close To Legalizing International Trade In Bitcoin, Crypto

Russia’s Congressional finance committee chairman, Anatoly Aksakov, said the country is moving to greenlight international trade in cryptocurrency within the next month, according to a report by national news agency TASS. “In January, we want to legali...
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BIS sets a limit of 2% on crypto reserves among commercial banks

BIS sets a limit of 2% on crypto reserves among commercial banks

Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS) sets a limit of 2% on crypto reserves among commercial banks. The new standard limits crypto reserves among banks to 2% by 2025,...
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FTX bankruptcy: $740M in crypto assets recovered

FTX bankruptcy: $740M in crypto assets recovered

The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentially billions of dollars likely missing from the...
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New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test

New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test

Never let a crisis go to waste. With equity and bond markets stuck in brutal bear markets and providing a sufficient distraction to what is happening behind the scenes, the Fed and a group of banks have been quietly preparing...
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WSJ: Caroline Ellison said on the call that FTX used customer money to help Alameda meet its liabilities

WSJ: Caroline Ellison said on the call that FTX used customer money to help Alameda meet its liabilities

Citing ‘people familiar with the video’, the WSJ reports that Alameda employees held a video conference late Wednesday Hong Kong time, in which 27-year-old Alameda CEO Caroline Ellison (also known as @carolinecapital) said that she, Bankman-Fri...
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Sam Bankman-Fried described the crypto sold on FTX as a Ponzi scheme

Sam Bankman-Fried described the crypto sold on FTX as a Ponzi scheme

Inside DeFi ecosystem the source of double-digit yields has long been questioned. Here is transcription of podcast with FTX Chief Executive Officer and crypto billionaire Sam Bankman-Fried and Bloomberg Opinion columnist Matt Levine, to talk about how people ...
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