A finance professor at Georgetown University has urged the U.S. Securities and Exchange Commission (SEC) to avoid micromanaging the creation/redemption process for spot bitcoin exchange-traded funds (ETFs). While the SEC proposed the cash creation method, applicants like Blackrock and Fidelity have advocated for the in-kind creation method. “Now that the Commission has seemingly become comfortable […]

Several Taiwanese residents were reportedly using the decentralized betting platform Polymarket, the same platform that saw record-breaking trading volumes during the 2020 United States election. With the Taiwan presidential election looming within a month, residents of Taiwan have been reportedly warned against using cryptocurrency betting platforms to wager on the presidential outcome. This advice comes […]

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has revealed that the regulator is taking a new look at spot bitcoin exchange-traded fund (ETF) applications based on recent court rulings. “We had in the past denied a number of these applications, but the courts here in the District of Columbia weighed in on that,” […]

In the IRS’s list of top 10 criminal cases for 2023, cryptocurrency frauds are featured, ranging from multi-million dollar tax evasions to elaborate money laundering schemes. Crypto Scams Among Most Significant Financial Crimes in IRS Criminal Investigation’s 2023 Report The IRS Criminal Investigation (CI) division has released its annual list of the top 10 criminal […]

Ethereum Name Service (ENS) has achieved decentralized governance, according to a message from the project’s creator on Dec. 14. ENS is a naming system for the Ethereum blockchain that adds human-readable names to various resources, including crypto wallets and websites. Until now, the project’s root node was managed by members of the Ethereum community. Nick […]

Polygon Labs announced on Dec. 15 that it had ended its contributions to Polygon Edge, a platform leveraged by several blockchain projects. The company said that it would shift its focus to Polygon CDK, a successor solution that aims to produce a unified layer-2 ecosystem with interoperability and a single pool of liquidity. It stressed […]

On Friday, Hive Digital, based in Vancouver and specializing in bitcoin mining and high-performance computing (HPC), announced its foray into artificial intelligence (AI) and HPC technologies. This strategic move involves acquiring 96 Nvidia H100 graphics processing units (GPUs). From Bitcoin Mining to AI Expansion: Hive Digital Acquires Nvidia GPUs for HPC Enhancement Hive Digital (Nasdaq: […]

Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets. Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets, taking advantage of the crypto winter to build and find a market fit for crypto-related solutions. Recent examples include Deutsche Bank’s asset management arm, DWS, which announced a new […]

The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come. The digital tenge, Kazakhstan’s central bank digital currency (CBDC), has been declared a success after a month-long pilot project. A host of business, regulatory and technical improvements are lined up for it in 2024. During […]

Coinbase intends to initiate legal action against the SEC, accusing the regulatory body of shirking its responsibilities, according to the exchange’s chief legal officer, Paul Grewal. The move follows the SEC’s rejection of Coinbase’s petition for establishing specific regulatory rules for cryptocurrency transactions, a request that Coinbase had been pushing for since July 2022. Abdication […]