BlackRock, the world's largest asset manager, has recently filed an application with the United States Securities and Exchange Commission (SEC) to register a spot Bitcoin exchange-traded fund (ETF). With $9.5 trillion in assets under management as of the first quarter of 2023, BlackRock's move has significant implications for the cryptocurrency market and institutional adoption of digital assets.
In a dynamic development that has captivated the financial and political spheres, Congressman Warren Davidson has introduced the SEC Stabilization Act, a bill that calls for the dismissal of SEC Chair Gary Gensler.
Ethereum Classic (ETC) and Ethereum (ETH) share common roots but their journeys have diverged significantly. Interestingly, this divergence extends beyond the technological aspects and into the regulatory world. In the United States, Ethereum Classic is regarded as a commodity, while Ethereum is classified as a security.
In recent developments, credit ratings agency Moody's has downgraded its rating of Coinbase, a prominent cryptocurrency exchange, from "stable" to "negative."
In the realm of financial regulation, a profound philosophical question lingers: who regulates the regulators? This query strikes at the core of our society's governance and raises concerns about the existence of unbiased checks and balances of power.
In a recent and unexpected development, Binance US, one of the largest cryptocurrency exchanges in the world, has put a halt on USD deposits. The move has left many within the crypto sphere searching for answers.
Sotheby’s, the renowned auction house with a rich history, has made an exciting foray into the world of non-fungible tokens (NFTs) with the launch of its on-chain NFT marketplace called Sotheby’s Verse. This groundbreaking platform opens up new possibilities for art enthusiasts and collectors, offering a seamless and secure way to buy, sell, and experience curated NFTs.