SEC Enforcement Head Grewal to Resign
In an announcement on Oct. 2, Gurbir Grewal, the head of enforcement at the U.S. Securities and Exchange Commission (SEC), revealed that he would be stepping down from his position on Oct. 11. His tenure has been notable for a tough stance on the cryptocurrency sector. Although a permanent successor has not been named, Sanjay […]
SEC Seeks to Overturn Ruling in Ripple Case
On October 2, the Securities and Exchange Commission (SEC) submitted a notice of appeal in the ongoing Ripple lawsuit, aiming to overturn a prior ruling made by Judge Analisa Torres. Legal analysts had long expected the SEC to challenge the 2023 decision, which clarified that secondary sales of Ripple’s XRP tokens were not considered securities […]
Bank of America Outage Leaves Customers with $0 Account Balances Nationwide
On October 2, thousands of Bank of America customers faced disruptions when a network outage caused many to see $0 balances or experience difficulties accessing their accounts. Service interruptions were first flagged around 4:26 p.m. UTC, and by an hour later, nearly 18,000 users had reported issues, according to Downdetector, a platform that tracks real-time […]
Has the Crypto Market Hit Bottom? Watch for These 5 Key Signals
According to crypto research firm Santiment, five particular keywords might hint at a bottom in the crypto market. Bitcoin’s price dropped by 3% in the past 24 hours amid escalating geopolitical tensions in the Middle East. With growing concerns about how the conflict might impact risk assets, crypto traders are keeping a close eye on […]
Bitwise files XRP ETF trust registration in Delaware
A spokesperson for Bitwise confirmed that the asset management company has registered an XRP exchange-traded fund (ETF) trust, as indicated by records found on Delaware’s Division of Corporations website. According to the documentation, the Bitwise XRP ETF was officially registered on September 30. The listed agent for the filing is CSC Delaware Trust Company, which […]
Bitcoin ETFs Experience Largest Monthly Outflow Amid Escalating Middle East Tensions
Institutional investors seem to be reacting to escalating tensions in the Middle East, as U.S. spot Bitcoin exchange-traded funds (ETFs) witnessed nearly $243 million in withdrawals. On October 1, the 11 U.S.-listed spot Bitcoin ETFs collectively experienced an outflow of $242.6 million, based on figures from Farside Investors. This marks the largest outflow in nearly […]
Robinhood Expands to Europe with New ‘Crypto Transfers’ Feature
Robinhood, a popular U.S.-based trading app, is expanding its cryptocurrency services in Europe, now allowing users to deposit and withdraw crypto using external platforms. As of October 1, Robinhood’s crypto division, Robinhood Crypto, has officially rolled out this feature for European customers. The update enables users in Europe to transfer about 20 different cryptocurrencies, including […]
Ohio Senator Proposes Bill to Permit Tax Payments in Bitcoin
In a move that could significantly impact Bitcoin and the broader crypto landscape, Ohio Senator Niraj Antani has introduced legislation to allow Bitcoin (BTC) as an official payment method for state taxes and various fees. This bill, if passed, would be a game-changer in terms of how cryptocurrencies can be used in the state. Introduced […]
FED’s Bostic Signals Willingness for Additional 50bps Interest Rate Cut in November
Raphael Bostic, President of the Atlanta Federal Reserve, mentioned on Monday that he is open to another half-percentage-point interest rate reduction during the Fed’s November meeting if upcoming data indicate that job growth is slowing faster than anticipated. In an interview with Reuters, Bostic said, “A weaker-than-expected result could push me to support a more […]
China’s former finance minister calls for a national study on cryptocurrencies following the record-breaking launch of US Bitcoin ETFs
During a keynote at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei emphasized the need for China to thoroughly assess developments in the cryptocurrency space. As reported by Sina Finance, Lou discussed the potential risks that cryptocurrencies pose, particularly in terms of global financial stability, noting their volatility […]