Bitcoin and select altcoins are showing strength at the start of the week as traders shift their focus to more than just spot BTC ETF flows. United States equities markets are on a roll, supported by strong economic growth and signs that inflation may be slowing down on a yearly basis. The S&P 500 Index...Continue Reading

The U.S. House Financial Services Committee passed the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act in July 2023. United States Representative French Hill, chair of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, provided the public with an update on how lawmakers...Continue Reading

MiCA passed in 2022, but aspects of it are still being worked out. Defining a financial instrument is a big outstanding question. The European Securities and Markets Authority (ESMA) released two consultation papers on Jan. 29 pertaining to its mandate to create standards and guidelines for the implementation of the Regulation on Markets in Crypto-Assets...Continue Reading

Bitdeer said Jihan Wu would be moving up from chair of the company’s board of directors to CEO starting on March 1, replacing Linghui Kong. Former Bitmain CEO Jihan Wu will be assuming the role of CEO at crypto mining firm Bitdeer as Linghui Kong transitions to the company’s chief business officer.  In a Jan....Continue Reading

History repeats itself, as the U.S. SEC is now pushing the spot Ethereum ETF decision deadlines as far as possible. On Jan. 24, the United States Securities and Exchange Commission (SEC) pushed back its decision on BlackRock’s proposed spot Ethereum exchange-traded fund application (ETF) a day before the deadline, citing the need for more time...Continue Reading

Humans tend to trust robots more when they speak our dialects but there are exceptions, according to recent research. A team of researchers in Germany recently published a study examining the relationship between language and trustworthiness when it comes to human views on talking robots.  The question at hand was whether humans would find a...Continue Reading

One such scam involves the use of a seemingly genuine LinkedIn account of Binance co-founder Yi He. Crypto exchange listing scams are making a comeback amid a broader market recovery. According to a Jan. 29 post by Yi He, co-founder of Binance and spouse of the exchange’s former CEO Changpeng Zhao, a LinkedIn impersonator is...Continue Reading

Firms must provide insurance to protect users’ assets in addition to undergoing rigorous audits. Hong Kong’s Securities and Futures Commission has set a minimum insurance requirement of 50% for licensed crypto exchanges handling customers’ assets. As disclosed by OSL Exchange last week, the 50% insurance coverage minimum applies to all assets under custody. At the...Continue Reading

The Cupertino company may need another iPhone moment if it continues to fall behind in the AI race. The two companies have been ping-ponging first and second place since mid 2023 when Microsoft briefly surpassed Apple as world’s most valuable company for the first time that year. While second place is still pretty good —...Continue Reading

Bitcoin launches into FOMC week with promising ETF flows and BTC price action sustaining weekend upside. Bitcoin (BTC) clung to $42,000 at the Jan. 29 Wall Street open as fresh exchange-traded fund (ETF) outflows began. Data showed BTC price action continuing to retreat from local highs of $42,800 seen over the weekend. The largest cryptocurrency,...Continue Reading