Breaking news just rocked the cryptocurrency world! The SEC has officially approved the Bitwise 10 Crypto Index ETF, marking a monumental shift in how mainstream investors can access the digital asset space. This groundbreaking decision opens doors for millions who’ve been waiting for regulated exposure to top cryptocurrencies. What Exactly Is the Bitwise 10 Crypto
South Korea takes a decisive step in cryptocurrency regulation as authorities launch a comprehensive blockchain services inspection. This crucial move signals heightened scrutiny of digital asset platforms and could reshape the Asian crypto landscape. The blockchain services inspection focuses on multiple sectors within the digital economy, reflecting growing concerns about user protection and market stability.
Hong Kong has set a minimum capital requirement of HK$25 million for companies seeking to issue fiat-backed stablecoins in the city. Regulators require issuers to provide a clear and enforceable redemption mechanism that allows holders to exchange stablecoins for fiat currency at a 1:1 ratio within a short timeframe. The requirement is part of the
Story Highlights RBI warns cryptocurrencies and stablecoins pose huge risk to India’s financial stability and policy. Deputy Governor says unbacked crypto lacks intrinsic value and stablecoins create policy concerns today. RBI supports India’s CBDC as safer option, keeping currency control within the central bank. The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, has issued
Ark Invest, the investment firm of noted technology investor Cathie Wood, continues to buy the dip on crypto-related equities. The firm added shares of crypto exchange Coinbase (COIN), Ethereum treasury firm BitMine Immersion Technologies (BMNR), USDC stablecoin issuer Circle (CRCL), and other crypto-related stocks on Thursday amid the broader market selloff. The bulk of the
Wall Street’s conviction in the long-term potential of artificial intelligence faced its sternest test this week, and the markets delivered a complex, yet clear, message: high valuation anxieties trump fundamental strength. Despite Nvidia Corp. reporting blockbuster fiscal third-quarter earnings that easily surpassed consensus estimates, the market’s reaction demonstrated that valuation concerns and uncertainty about the
FED Board Member Stephen Miran made a critical statement in the interest rate cut discussions as the December meeting approaches. Speaking to Bloomberg TV, Miran said he would support a 25 basis point cut if he was in a decisive position in the vote, despite having previously dissented in favor of a half-point (50 basis
October and November, known as the historically bullish months in the cryptocurrency market, are now known as the worst months in history. Because the downward trend that started in October in Bitcoin and altcoins is still continuing and the BTC price has dropped to the level of $81,000. Following the ongoing sharp and sudden declines
Earlier this year, at Hong Kong’s Bitcoin Asia, there was a growing sense of frustration with Digital Asset Treasury (DAT) companies and their lagging performance against the asset they fill their coffers with. “Just buy an ETF,” is how Strive Asset Management CEO Matt Cole put it on stage during a panel at the conference.
It’s going to take some cars and houses to get users really keen on tokenization, Superstate founder and CEO Robert Leshner told Decrypt. Leshner noted that tokenizing those large physical assets would widen awareness, although applying the process to stocks would supercharge adoption. “When you start to say, like you own the stock, you can