U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether ETFs can launch. Gary Gensler Answers Crypto Questions The […] Source: https://news.bitcoin.com/sec-chair-gary-gensler-envisions-us-spot-ether-etfs-launching-this-summer/
Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed stablecoins, which use U.S. treasuries as backing, will help keep a healthy demand on U.S. debt and […] Source: https://news.bitcoin.com/former-house-speaker-paul-ryan-stablecoins-can-help-fight-an-upcoming-us-debt-crisis-and-chinas-growing-influence/
Tesla removed Bitcoin payments citing environmental concerns, but Elon Musk pledged to reinstate them if renewable energy use on the network increased. Source: https://cointelegraph.com/news/bitcoin-renewable-energy-tesla-musk
With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with $43 million. 37 Crypto Startups and Projects Gather $317 Million Crypto investments are ongoing, and in the last […] Source: https://news.bitcoin.com/crypto-sector-secures-317m-in-venture-capital-deals-in-early-june/
The billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the SEC chairman’s stance against cryptocurrency Source: https://cointelegraph.com/news/gary-gensler-could-literally-cost-joe-biden-cryptocurrency-us-presidential-election-mark-cuban
Merchants are increasingly adopting cryptocurrencies like bitcoin and ethereum, reflecting a growing trend towards digital currency payments as a viable alternative to traditional means. Merchants Embrace Digital Currency Payments Cryptocurrency is no longer a fringe concept but a rapidly growing trend in the retail sector. Retail organizations are preparing for and embracing digital currency payments. […] Source: https://news.bitcoin.com/the-state-of-crypto-merchant-adoption-in-2024/
The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to constitute banks that can provide services in Bitcoin and stablecoins for sophisticated investors Salvadoran Government Presents Bill to Allow Private […] Source: https://news.bitcoin.com/salvadoran-government-introduces-bitcoin-banking-law-reform/
The $100 billion mark took just 10 years with the bulk raised since the COVID-19 pandemic. Source: https://cointelegraph.com/news/crypto-startup-funding-eclipses-100-billion
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the…
According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off 65 employees, which accounts for 20% of its staff. The information was […] Source: https://news.bitcoin.com/paxos-lays-off-65-employees-following-yield-bearing-stablecoin-launch/
