The United States Securities and Exchange Commission recently approved Volt Crypto’s ETF and as expected, crypto-enthusiasts could not be more excited. However, this is also the closest thing to an ETF that has been approved by the SEC. And, in doing so, the agency may have invited more confusion than clarity among users. Approved onContinue reading “A Futures-based Bitcoin ETF could be Gensler’s ‘easy’ ticket to a ‘win’”

After a string of new appointments by Binance, Binance.US has recently appointed a new Chief Executive Officer, Brian Shroder. The the crypto exchange platform had appointed him President in September. During his stint, Shroder was taking care of the company’s strategy and execution, among other things. Commenting on his new position, Shroder noted, “In myContinue reading “Binance.US announces new CEO, who ‘looks forward’ to the ‘pathway to IPO’”

Ethereum’s difficulty bomb is expected to usher in a new era for the digital asset. Ethereum developers Tim Beiko and James Hancock released a proposal for EIP-4345, about delaying the Ethereum Difficulty bomb until May 2022. As per the developers’ proposal, Ethereum is expected to complete the Shanghai upgrade and/or the Merge by May 2022,Continue reading “Ethereum developers propose to postpone difficulty bomb until May 2022”

Prominent exchange Binance announced terminating its crypto derivatives offerings in South Africa on Friday. This was another effort from the exchange’s end to comply with the local regulations and thus, putting a stop to derivatives services like Futures, Options, Margin Trading. Closure of leveraged tokens on their exchange was their initial step. The users basedContinue reading “Binance ceases crypto-derivatives services in South Africa”

The SEC v. Ripple Labs case is showing no signs of ending anytime soon. Industry professionals are eagerly awaiting the verdict of the lawsuit, especially since the same could have far-reaching implications. In what is the latest development in the same, Ripple has opposed the SEC’s request for a telephonic conference to seek a protectiveContinue reading “Ripple opposes SEC’s request to avoid responding to RFAs”

Ukraine has been rallying to legalize cryptocurrencies and it has experienced another roadblock in its journey. The President Volodymyr Zelensky has returned the first bill regulating the digital asset to the parliament for changes, as noted in a blog published on the legislature’s website. The President wanted the bill changed to include National Commission onContinue reading “Ukraine: President returns bill on crypto-regulations; suggests several changes”

The now obsolete Cryptopia exchange is in the news today after it was announced that liquidators will be launching stage 2 of “identity verification” of the claim process. According to the statement, “Today, 7 October 2021, the Liquidators announce the launch of stage 2, “identity verification” of the claims process. Account holders’ should expect toContinue reading “Two years after hack, Cryptopia announces launch of 2nd stage in claims process”

Amid a booming spot market and increasing regulatory hold, Binance found a new base in Ireland. The prominent cryptocurrency exchange has recently registered three firms within just the past 10 days, after establishing Binance (Ireland) Holdings last year. However, the exchange required a market boost as it had to cease operations in multiple countries. AContinue reading “Binance expands footprint in Ireland despite regulatory uncertainty”

Ripple has been making strides in expanding its list of banking partners around the world. The blockchain solutions company has now announced a partnership with Qatar National Bank (QNB). This partnership will facilitate cross-border payments through its on-demand liquidity (ODL) corridors. As per the bank’s announcement, “According to the agreement both sides signed, QNB willContinue reading “Qatar National Bank joins RippleNet to further remittances to Turkey”

As the popularity and the reach of cryptocurrencies grow worldwide, the International Monetary Fund (IMF) has stepped in to ease the situation. It has come up with some policies that would help authorities in emerging markets and developing economies ensure financial stability. A document shared by the IMF – ‘The Crypto Ecosystem and Financial StabilityContinue reading “IMF calls for implementing ‘global standards for crypto-assets’”

Ethereum has remained focused on the development of its network, irrespective of what was happening in the spot market. Just a few days back the team announced the launch of Altair upgrade, also described as the first mainnet upgrade to the Beacon Chain. The upgrade is scheduled to take place at epoch 74240 or closeContinue reading “As Ethereum prepares for Altair upgrade, ‘bug-bounty program’ to reward users”

Yet another exchange banned Chinese users from their platform, as Kucoin became the latest exchange to ban cryptocurrency users from mainland China on Sunday. The exchange noted in a statement, “For users in mainland China, KuCoin plans to complete an orderly settlement and withdrawal by 24:00 (UTC+8) on December 31, 2021, under the premise of ensuringContinue reading “Kucoin follows other crypto exchanges as it closes doors to Chinese users”