Billionaire entrepreneur Mark Cuban recently hinted that he’d be open to leading either the U.S. Securities and Exchange Commission (SEC) or the Department of Health and Human Services (HHS) if Kamala Harris were to win the 2024 presidential election. Cuban, well-known for his outspoken views on business and cryptocurrencies, recently endorsed Harris in her bid […]
A report released on September 25 by VanEck suggests that Solana could reach a price of $330 and grow to capture 50% of Ethereum’s current market capitalization. This growth is largely attributed to Solana’s superior speed and transaction processing capabilities. The report highlights Solana’s impressive throughput, handling thousands of transactions per second (TPS), a rate […]
On September 25, PayPal made a significant announcement, revealing that its Business account holders can now buy, sell, and trade cryptocurrencies directly through their PayPal accounts. This new service will be available across the United States, excluding merchants in New York. Jose Fernandez da Ponte, PayPal’s Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, […]
Bitcoin experienced a notable increase of 8.2% over the week leading up to September 25, rising from $59,886 to $64,816. However, it encountered a significant obstacle at the $64,500 resistance level, which proved more formidable than anticipated. Alongside weak macroeconomic indicators, several other elements contributed to a downturn in Bitcoin’s price on September 25. Fear […]
The Bank of New York Mellon (BNY) is on the verge of offering crypto custody services for its ETF clients, focusing on Bitcoin and Ether, following a key regulatory shift from the United States Securities and Exchange Commission (SEC). The SEC has eased its stance, allowing BNY to bypass previously contentious crypto accounting guidelines. Earlier […]
During a recent congressional hearing, U.S. Representative Tom Emmer fiercely criticized Securities and Exchange Commission (SEC) Chair Gary Gensler, labeling him as the most “destructive” and “lawless” chair in the SEC’s 90-year history. Emmer expressed his frustration with Gensler, saying, “You’ve coined the term ‘crypto asset security.’ This term doesn’t exist in any statute, you […]
Bitcoin has often been misunderstood as a “risk-on” asset, according to Robbie Mitchnick, head of digital assets at BlackRock. In a Sept. 24 interview with Bloomberg, Mitchnick explained, “The crypto industry has unintentionally contributed to this misconception.” He went on to say, “Some publications and daily commentaries have taken the fact that Bitcoin, as a […]
Ether (ETH) exchange-traded funds (ETFs) have experienced their largest outflows since July, with more than $79 million being withdrawn on Monday. This marks a significant decline in institutional interest in the second-largest cryptocurrency by market cap. These figures are the highest since July 29, when ETH ETFs saw a net outflow of $98 million, according […]
The world’s largest asset manager, BlackRock, has submitted an amendment for its Bitcoin exchange-traded fund (ETF) in response to concerns over Coinbase’s on-chain settlement procedures. On September 16, BlackRock filed an amendment with the United States Securities and Exchange Commission (SEC), specifying that Bitcoin withdrawals from the ETF’s custodian, Coinbase, must be processed within 12 […]
Chinese Bitcoin miners continue to dominate the global Bitcoin network, despite the country’s strict ban on cryptocurrencies. According to Ki Young Ju, founder and CEO of CryptoQuant, over 55% of the global Bitcoin mining network remains under the control of Chinese mining pools. However, there’s a gradual shift in dominance towards the United States. In […]