In a significant stride towards growth in the digital asset arena, Bitwise recently established a trust entity named “XRP ETF” in Delaware. Subsequently, the firm submitted an S-1 form to the United States Securities and Exchange Commission (SEC), marking a critical step for firms aiming to introduce a new security and facilitate its listing on
Crypto
In a startling case that sheds light on the vulnerabilities within the cryptocurrency sector, a 21-year-old man from Lebanon, Indiana, named Evan Frederick Light, has confessed to orchestrating a significant fraud scheme that resulted in over $37 million in losses for nearly 600 victims globally. The incident underscores the persistent menace posed by cybercriminals in
In a significant development within the cryptocurrency ecosystem, Bitwise Asset Management has officially filed for an XRP exchange-traded fund (ETF) in Delaware. This move represents an important milestone in the evolving landscape of institutional investments in cryptocurrencies, specifically targeting Ripple’s native asset, XRP. The news broke on October 1, when Fox Business reporter Eleanor Terrett
On October 2, a crucial development in the ongoing legal saga between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) emerged; the SEC filed a notice of appeal against a landmark 2023 ruling that favored Ripple. The ruling from Judge Analicia Torres deemed that the secondary sales of Ripple’s XRP token do not
Recent events have underscored the vulnerability of cryptocurrencies to geopolitical crises, as witnessed on October 1, when the price of Bitcoin (BTC) plummeted by nearly $4,000 within a mere 24 hours. The catalyst for this surprising market movement was an Iranian missile strike on Israel, which created a ripple effect in trading environments. Bitcoin was
Taiwan has taken a significant step in the realm of cryptocurrency investment with the recent introduction of new guidelines by the Financial Supervisory Commission (FSC). This policy aims to regulate professional investor access to foreign cryptocurrency exchange-traded funds (ETFs) via local brokerage services. By limiting participation to professional investors—which includes institutional investors, high-net-worth individuals, and
With the 2024 Tsinghua PBC Chief Economist Forum galvanizing attention, the narrative surrounding cryptocurrency has begun to shift dramatically, especially in regard to China’s regulatory stance. Former Vice Minister of Finance Zhu Guangyao delivered a thought-provoking keynote, suggesting that China must undertake a significant reevaluation of its approach to digital assets in light of global
On September 27, Bitcoin (BTC) made waves by achieving a notable trading price of $66,500, a level not seen since the latter part of July. This surge generated optimistic sentiments among investors, suggesting a renewed bullish market trend. However, contrary to expectations, Bitcoin has retracted significantly, now hovering below the $64,000 mark. This sudden decline
In a notable divergence from the overall cryptocurrency market trajectory, Ripple’s XRP has emerged as a beacon of potential amid a broader downturn. On September 30, the cryptocurrency market was overwhelmed by red signals, with Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) experiencing minor declines, while meme coins like Dogecoin (DOGE) and Shiba Inu
In the evolving landscape of cryptocurrency, where innovation and security are paramount, the emergence of a fraudulent application has raised significant alarms within the community. Recently, WalletConnect, the organization behind a prominent open-source protocol that interlinks crypto wallets with decentralized applications, issued a stark warning about an illegal app that misrepresented itself on the Google
