Cantor Fitzgerald Chief Assures Tether Reserves as Fully Backed by Deposits
Cantor Fitzgerald chief executive Howard Lutnick indicated that Tether possesses the money it claims as USDT reserves. The executive disclosed this during an interview with...
US GAO Makes Public Recommendations to SEC Before Spot Bitcoin ETF Approval
The Government Accountability Office (GAO) of the United States issued three primary suggestions to the Securities and Exchange Commission (SEC) before approving the spot Bitcoin...
CoinShares Seeking to Acquire Valkyrie Crypto Division
CoinShares secured the option to acquire Valkyrie’s crypto unit in November last year. Currently, it is using this option after the listing of Valkyrie spot...
IRS Postpones Enforcing Crypto Tax Rules, Exempts Over $10k Transactions from Tax Obligations
The US Internal Revenue Service (IRS), in an announcement on Tuesday, January 16, confirmed the suspension of the enforcement of tax rules obligating businesses to...
New Report Reveals USDC Wallets Surged by 59% in 2023
Circle native stablecoin namely USDC increased recently witnessed a considerable drop in circulating supply. However, at the same time, the trading volume and demand have...
Bitcoin ETFs to Attract $1.4 Billion in Two Days
SEC approved 11 Bitcoin spot ETF applications in a historical decision on 10th January 2024. Grayscale, one of the biggest Bitcoin Trusts, reported $579 million...
Vanguard Fails to Support Bitcoin ETFs, Users Threaten to Close Accounts
Additionally, spot Bitcoin exchange-traded funds were unavailable for trading on various brokerage platforms, including UBS, Citi, Edward Jones, and Merrill Lynch. The decision by Vanguard,...
Tron Founder Projects China Likely to Join Crypto ETF Race
Tron founder Justin Sun hailed the landmark decision by the US Securities and Exchange Commission (SEC) to approve 11 applications for spot Bitcoin exchange-traded funds...
Ripple Labs to Repurchase $285 Million Stake from Early Investors
Ripple Labs is participating in a tender offer to repurchase a stake of the firm from early investors. The firm is planning to repurchase a...
Turkey Eyes Clarity with Upcoming Crypto-Oriented Regulations
Turkey affirmed its devotion to realizing clarity in crypto regulations with new rules set to position the country among responsible leaders of the digital assets...