Author name: Peter

Introduction The United States Securities and Exchange Commission (SEC) has announced another delay in its ruling on the proposed Invesco Galaxy Ethereum exchange-traded fund (ETF). The decision has been pushed back to potentially July 2024 after the SEC opened the proposal for public comments. Background Invesco and Galaxy Digital, two major investment firms, had submitted […]

Microstrategy Now Holds 190,000 Bitcoins Nasdaq-listed Microstrategy has increased its cryptocurrency holdings to 190,000 bitcoins, having acquired 31,755 additional coins since the end of the third quarter. The company now considers itself "the world's first Bitcoin development company," with a unique value proposition, even when compared to spot bitcoin exchange-traded funds (ETFs). Microstrategy detailed that

Vast Bank's Strategic Decision to Leave the Cryptocurrency Market Vast Bank, a financial institution based in Oklahoma, United States, has recently announced its departure from the cryptocurrency market. As part of this decision, the bank will be closing its crypto mobile banking application, effective from January 31. This shift in focus marks a significant change

Monero (XMR) Faces 32% Value Slash as Binance Cuts Ties With Privacy Coin The market for Monero, the leading privacy-focused cryptocurrency, has experienced a significant decline of 32% within the last day. This drop in value comes in response to the news that Binance, one of the world's largest cryptocurrency exchanges, intends to remove Monero

Introduction The Bitcoin network has experienced consistently high average transfer fees and delays in 2024. Over the past 36 days, the average fee has remained above $3.68, while the costs for median-sized transactions have not dropped below $1.67. Additionally, there is currently a backlog of 221,799 transactions waiting for confirmation. Bitcoin Transfer Fee Trends in

The chief of South Korea's financial regulatory body is set to visit the United States to engage in discussions about cryptocurrency regulations with Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC). The focus of the conversation will be on the SEC's recent approval of spot bitcoin exchange-traded funds (ETFs). The South

The Central Bank of Nigeria (CBN) made an important announcement on January 31, stating that it has eliminated the caps on naira payout rates for international money transfer operators (IMTOs). This policy change is part of the CBN's efforts to further liberalize the foreign exchange market. As a result of this decision, the naira experienced

Montenegro Extradites Han Chang-joon to South Korea The former financial officer of Terraform Labs, Han Chang-joon, has been extradited to South Korea to face fraud-related charges. The Montenegro police confirmed that Han's extradition was facilitated by the country's Justice Ministry. This development comes almost a year after Han and Terraform Labs co-founder Do Kwon were

School Officials Admit to Crypto Mining Operation Using District Resources Two senior officials from the Patterson Joint Unified School District in California have admitted to exploiting school resources for their own gain, including orchestrating a cryptocurrency mining operation, as disclosed by the U.S. Department of Justice (DOJ). Jeffrey Menge, 43, of Copperopolis, and Eric Drabert,

JPMorgan's Warning on Tether and Crypto Market Risks JPMorgan, the global investment bank, has raised concerns about the potential risks to the crypto market due to Tether's lack of regulatory compliance and transparency. In a recent report, JPMorgan analysts pointed out that other stablecoin issuers who are more compliant with existing regulations are likely to