In July, a United States judge ruled that Ripple Labs’ XRP (XRP) token was not a security when sold to the public on secondary markets. While the Securities and Exchange Commission will contest the decision, the broader cryptocurrency community has embraced it, as crypto trades on exchanges might sidestep the securities transaction label. Despite the ruling, the crypto market continues…
Asset manager Franklin Templeton is the latest Wall Street giant to enter the race for a spot Bitcoin ETF. One of the world’s largest asset managers, Franklin Templeton filed the application with the U.S. Securities and Exchange Commission on Tuesday. The SEC is currently reviewing a number of spot Bitcoin exchange-traded fund applications—including one from the world’s top asset manager…
BTC price strength improves after a trip to three-month lows, but Bitcoin bulls have multiple hurdles to clear. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-faces-resistance-btc-price-gains-pass-5
Asset manager Franklin Templeton applied to the United States Securities and Exchange Commission (SEC) on Sept. 12 to launch a Bitcoin (BTC) spot exchange traded fund (ETF). The application comes after the SEC delayed decisions on applications from WisdomTree, Valkyrie, Fidelity, VanEck, Bitwise and Invesco BTC spot ETF applications on Aug. 31 and a court ruling Aug. 29 that the…
India, Nigeria and Thailand are ranked as the three top countries in Chainalysis’ 2023 Global Crypto Adoption Index, with lower middle income nations leading the way in grassroots adoption of cryptocurrencies. The blockchain analytics firm released an excerpt to its annual Index report which shows that central and south Asia and the wider Oceania regions dominate the top of its index,…
Global payment giant PayPal continues expanding its digital asset services, integrating new methods to sell cryptocurrencies like Bitcoin (BTC). PayPal on Sept. 11 officially introduced new on and off ramps for Web3 payments, allowing users in the United States to convert their crypto to USD directly from their wallets into their PayPal balance. According to the announcement, PayPal off ramp…
Solana wallet Solflare has launched a new feature enabling MetaMask users to manage their Solana portfolios directly from their existing MetaMask wallet. For years, Solana has been incompatible with MetaMask—meaning crypto enthusiasts needed to create a new wallet to store SOL and NFTs issued on its network. Solflare believes the launch of the new feature will lower barriers of entry…
Bitcoin (BTC) attempted to flip and hold $26,000 at the Sep. 12 Wall Street open as a swift BTC price rebound excited traders. BTC/USD 1-hour chart. Source: TradingView BTC price adds 5.5% in 24 hours Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency holding the majority of its 24-hour gains, which at one point totaled 5.5%. At…
Gracy Chen, managing director of global cryptocurrency exchange Bitget, advised her followers and friends not to scan their eyeballs in exchange for a few Worldcoin tokens. “There’s a huge privacy concern,” she tells Magazine, adding that she isn’t optimistic about its price prospects given the anticipated influx of WLD tokens in the near future. “There will be much more released…
Monday’s carnage in the crypto market on Monday caused the market cap of Arbitrum to slip below that of rival project Optimism. Arbitrum’s governance token ARB dropped to a new all-time low of $0.745, according to data from CoinGecko, while Optimism’s OP token gained 6.8% in the past 24 hours to trade at $1.33. Currently, ARB has recovered some of…
