Dubai developer DMCC is planning a 17-story Crypto Tower in Dubai, while a Bitcoin hotel in Tokyo is set to open its doors later this year. Source: https://cointelegraph.com/news/developers-build-crypto-towers-hotels-tokyo-dubai?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: January 2025
Canary’s amended S-1 has analysts more confident a Litecoin ETF is next
Bloomberg ETF analyst Eric Balchunas warned that an imminent change in the SEC leadership could shake things up. Source: https://cointelegraph.com/news/canary-amended-s-1-has-analysts-more-confident-litecoin-etf-is-next?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Mukesh Ambani’s Jio taps Polygon Labs for blockchain upgrades
Reliance Jio will collaborate with Polygon Labs to bring blockchain innovations to its 450 million users in India. Source: https://cointelegraph.com/news/jio-partners-polygon-web3-blockchain-india?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Kenyans HODL On: Crypto Use Soars Despite Central Bank Warnings, Study Finds
A new study found that typical Kenyan crypto users to be under 40. Kenyans not only trade cryptocurrencies but use them for investment and as a hedge against inflation. Kenya Seeks IMF Assistance According to a study by a Kenyan Technical Working Group, Kenyan residents continue to trade cryptocurrencies despite repeated warnings from the central […] Source: https://news.bitcoin.com/kenyans-hodl-on-crypto-use-soars-despite-central-bank-warnings-study-finds/
Texas kicks off 89th legislative session with new strategic Bitcoin reserve bill
If passed and signed into law, “it would make Texas the first state to establish a strategic Bitcoin reserve,” says Senator Charles Schwertner. Source: https://cointelegraph.com/news/texas-senator-proposes-law-establish-texas-strategic-bitcoin-reserve?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitwise CIO Predicts ‘Megatrend’ of Companies Setting up Corporate Bitcoin Treasuries
Matt Hougan provided the rationale for his prediction in a weekly memo published on Monday. Corporate Bitcoin Treasuries Are an Overlooked Megatrend Software firm Microstrategy (Nasdaq: MSTR) saw revenues dip by 10% in 2024, yet it was one of the best performing stocks in the Nasdaq 100, according to Barchart.com. The reason its stock shot […] Source: https://news.bitcoin.com/bitwise-cio-predicts-megatrend-of-companies-setting-up-corporate-bitcoin-treasuries/
Ripple Ruling Challenged by SEC, Firm’s Legal Officer Dismisses Effort as ‘Noise’
The U.S. Securities and Exchange Commission (SEC) has escalated its legal battle with Ripple, filing an appeal to contest portions of a district court ruling that categorized the XRP token differently based on whether sales were made to institutional investors or retail participants. SEC Takes XRP Ruling to Appeals Court Ripple’s leadership, however, has dismissed […] Source: https://news.bitcoin.com/ripple-ruling-challenged-by-sec-firms-legal-officer-dismisses-effort-as-noise/
Illicit crypto volumes likely $51B in 2024, but overall share falls: Chainalysis
2024 saw nearly $41 billion worth of illicit crypto volume, but that could climb to around $51 billion as more criminal-tied addresses are found, Chainalysis says. Source: https://cointelegraph.com/news/illicit-crypto-volumes-51-billion-2024-share-falls-chainalysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
VanEck’s Files New ‘Onchain Economy’ ETF to Target Crypto Infrastructure, Not Coins
Asset management firm VanEck filed for a new exchange-traded fund (ETF) on Wednesday, targeting companies building infrastructure for digital assets. Notably, the fund’s structure avoids direct crypto exposure, as is usual from other ETFs, but maintains exposure to the digital asset markets it compiles. The Onchain Economy ETF seeks to allocate at least 80% of its assets to “Digital Transformation…
SEC Appeals Ripple Ruling, Seeks Reversal on XRP Classification
The U.S. Securities and Exchange Commission has formally filed an appeal in its legal battle with Ripple Labs, challenging a July 2023 ruling that partially dismissed claims against the company. Filed late Wednesday, the appeal focuses on whether Ripple’s XRP sales to retail investors qualify as unregistered securities transactions under federal law. Citing the Howey Test, the SEC argues that…