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Crypto News

XRP's Classification as Non-Security Affirmed by US SEC in Latest Filing

The United States Securities and Exchange Commission (SEC) has publicly acknowledged the nonsecurity status of digital assets like XRP while appealing the Ripple victory ruling. The SEC's motion stated that these assets have no inherent value beyond computer code. This acknowledgment has sparked excitement within the crypto community, especially among XRP supporters, who attribute it to their strong legal efforts. In a parallel move, the SEC requested an interlocutory appeal after a favorable decision by Judge Analisa Torres. Ripple's response to the SEC's motion is due by September 1.

Coin Edition - 1101 ngày trước

Taiwan Aims to Enhance Crypto Sector Accountability with New Business Category for Industry Associations

Taiwan's Ministry of Economic Affairs has put forth a proposal to create a new business category in regulations, potentially allowing cryptocurrency companies to establish industry associations. The move aims to encourage the development of self-regulatory guidelines within the sector. The proposed category covers various crypto operations such as exchanging digital assets for fiat or other tokens, facilitating transfers, storage, management, and issuance-related assistance. Public input is being sought, with the amendment expected to finalize in October. This step allows crypto firms to shape their own supervisory rules, bolstering the industry's legitimacy and compliance efforts.

theblock - 1102 ngày trước

Dubai Aims to Attract Global Talent and Investment with Subsidized Licenses for Web3 and AI Companies

The Dubai International Financial Centre (DIFC) has introduced special commercial licenses for Web3 and AI companies, providing 90% cost subsidy to aid their initial setup. The licenses grant access to physical spaces in the Innovation One building. Over 25,000 professionals from 2,000 registered companies operate within DIFC, a significant financial center for the Middle East, South Asia, and Africa. The move aims to bolster Dubai's Web3 and AI leadership. Exclusive to specific tech fields, the initiative seeks to attract global talent and investments, fostering collaboration and innovation.

Bitcoin News - 1102 ngày trước

Kenya's Financial Reporting Centre Calls for Public Engagement in Survey on Virtual Assets

Kenya's Financial Reporting Centre (FRC) urges participation in a public survey concerning virtual assets and service providers to shape the nation's crypto policy. The FRC acknowledges the potential of the crypto ecosystem to enhance financial innovation but also warns of risks like money laundering. The survey aims to gather insights on the crypto market's impact and challenges, emphasizing the importance of public feedback in fostering a secure and transparent financial system. Responses are welcome until September 8, 2023, via a six-page online form provided by the FRC.

Bitcoin News - 1102 ngày trước

Crypto Giant Grayscale's ETF Division Hiring as Crypto Markets Await SEC Verdict

Prominent U.S. crypto asset manager Grayscale has hinted at expanding its ETF team, signaling optimism regarding its pending Bitcoin ETF application. This move follows a broader industry discussion over the U.S. SEC's stance on Bitcoin ETFs. Grayscale's battle with the SEC centers on approving a leveraged Bitcoin futures ETF, challenging the rejection of spot Bitcoin ETF proposals. The potential approval could reshape the crypto investment landscape, with Grayscale's readiness reflecting anticipation for the SEC's decision. Recent data shows Grayscale's Bitcoin Trust (GBTC) performing strongly, possibly influenced by other traditional institutions' ETF applications.

CryptoSlate - 1103 ngày trước

Bloomberg Report: U.S. Authorities to Sanction Ethereum Futures Exchange-Traded Funds

US regulators are set to approve Ethereum (ETH) futures Exchange-Traded Funds (ETFs), according to Bloomberg. Numerous companies have sought permission to list these ETFs, which will include derivative contracts linked to ETH, rather than the cryptocurrency itself. The potential approval from the US Securities and Exchange Commission (SEC) is eagerly anticipated. Currently, crypto derivative ETFs for Bitcoin futures are operational. The decision also raises expectations about the approval of ETFs directly holding Bitcoin, not just derivatives, with major financial players such as BlackRock vying to establish such offerings.

coindesk - 1103 ngày trước

Polygon Labs and SK Telecom Join Forces to Boost Web3 Innovations

Polygon Labs, the blockchain firm behind MATIC, has joined forces with South Korea's SK Telecom to advance Web3 ecosystems and nurture startups. The collaboration, sealed at SK Telecom's HQ in Seoul, focuses on integrating blockchain expertise and infrastructure to foster the Web3 ecosystem and support global startups entering South Korea. The partnership will enable Polygon-based NFTs on SK Telecom's TopPort marketplace and introduce a web3 wallet compatible with Polygon for NFT trading. The initiative aims to bring enhanced Web3 experiences to consumers while bolstering the blockchain startup landscape.

Watcher Guru - 1103 ngày trước

CME Group Unveils BTC and ETH Reference Rates Targeting Asian Investors

Derivatives marketplace CME Group partners with CF Benchmarks to launch Bitcoin and Ether reference rates tailored for the Asia Pacific region, catering to growing institutional interest in cryptocurrencies from Asia. These rates, aimed at more accurately reflecting prices during the Asia trading day, will be released daily at 4 pm Hong Kong time starting September 11. The move acknowledges the rising demand from institutions seeking precise BTC and ETH prices during APAC trading hours. This development aligns with increased crypto regulatory clarity in Hong Kong and Singapore, which have attracted institutions eyeing crypto-friendly jurisdictions.

cointelegraph - 1104 ngày trước

Bitcoin and Ethereum Exhibit Remarkable Stability Compared to Oil

Bitcoin and Ethereum, the top cryptocurrencies, are showing uncommonly low volatility, with BTC and ETH's 90-day volatility at 35% and 37% respectively, contrasting with oil's 41%. Despite Bitcoin's historical volatility, recent stability is noted, accompanied by dwindling trade volume, approaching a five-year low in 30-day volatility. This stability surpasses even traditional assets like S&P 500, tech stocks, and gold. Bollinger Bands, a key indicator, show minimal price fluctuations, suggesting a tranquil crypto market shift. In contrast, oil remains relatively stable due to China's economy concerns and U.S. supply expectations amidst global economic uncertainties.

U.Today - 1104 ngày trước

Renowned Financial Educator R. Kiyosaki Envisions $1 Million Bitcoin Amid Economic Turmoil

Renowned financial educator Robert Kiyosaki predicts that BRICS countries (Brazil, Russia, India, China, South Africa) will reject the US dollar in favor of alternative assets like Bitcoin. Kiyosaki expresses his distrust in the US government and praises Bitcoin as a shared tool against government control. He anticipates Bitcoin hitting $100,000 and envisions it as a replacement for the US dollar if the global economy collapses. Kiyosaki's thoughts were shared on X (formerly Twitter), along with his preference for gold and silver as trustworthy assets. He reiterates his stance in an interview with Stansberry Research.

Finbold - 1105 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1071 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1071 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1071 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1071 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1072 ngày trước