The latest application shall be reviewed by the SEC, and if approved, it will allow the Cboe BZX Exchange to list shares of a bitcoin ETF trust.
Canadian cryptocurrency exchange QuadrigaCX is fighting for survival as financial woes threaten its existence. The company has had to file for creditor protection having experienced significant financial woes that have made it impossible, for it to meet its financial obligations.
SWIFT is integrating its services in R3’s blockchain platform, Corda, which is a fierce competitor to Ripple. The primary outcome of the program is to enable users to settle cross-border transactions fast and easily while ensuring high security standards and transparency.
The WBTC token is an ERC20 token that is backed by Bitcoin in 1:1 ration. WBTC helps to establish better liquidity between the Bitcoin and Ethereum blockchain networks.
South Korea will not be joining other countries in developing a fiat-backed cryptocurrency. The country’s de-facto central bank says it has no plans to authorize its use, even as the country remains home to one of the thriving cryptocurrency marketplace in the world.
The four biggest crypto exchanges have come up with a hotline that entities can use to report unusual and irregular transactions. At the core of the initiative is the need to combat money laundering as well as protecting customers from fraudulent business people.
Iran might launch a state-backed cryptocurrency soon to help scuttle US sanctions. However, fears remain whether the stablecoin will achieve the objectives given additional efforts by the Americans to kill the plans.
JP Morgan analysts have issued a report showing why there has been a decrease in adoption of Cryptocurrencies in large financial institutions. The report indicates why cryptocurrency is far from mainstream institutions and the need for legislation and regulations to govern and legitimize crypto.
The recent decision of pullback amidst the ongoing shutdown of the U.S. government as the SEC has put all its task on hold.
The UK FCA has published a guidance paper that opens consultations regarding cryptoassets and their regulation. Also, the guidance paper provides three broad categories of cryptoassets that will guide the consultations.