In a significant regulatory development, the U.S. Securities and Exchange Commission (SEC) has successfully reached a settlement with Mango DAO and Blockworks Foundation concerning the unregistered sale of MNGO tokens, which are classified as securities. This case underscores the growing scrutiny on decentralized finance (DeFi) platforms and their compliance with existing laws, hinting at a […]
Guggenheim Capital Launches $20 Million Digital Paper on Ethereum
In a significant move that underscores the growing intersection of traditional finance and blockchain technology, Guggenheim Treasury Securities (GTS) has announced the issuance of $20 million in Digital Commercial Paper (DCP) on the Ethereum platform. This milestone reflects an increasing institutional interest in secure blockchain solutions and highlights the potential for substantial growth in digital […]
BNY Mellon Moves Closer to Offering Bitcoin and Ether Custody Services
In a significant shift for the financial services landscape, BNY Mellon, one of America’s leading banks, is advancing its plans to offer custody services for Bitcoin and Ether exchange-traded funds (ETFs). This decision is primarily influenced by a recent ruling from the U.S. Securities and Exchange Commission (SEC), which has relaxed certain regulatory requirements that […]
PayPal Enhances Business Crypto Transactions
In a significant move that bridges traditional finance and the cryptocurrency landscape, PayPal has expanded its cryptocurrency offerings to include business accounts. This new service allows businesses to send and receive digital tokens on blockchain networks, a development that reflects the growing demand for cryptocurrency integration in commercial transactions. As of now, this service excludes […]
Cryptocurrency Takes Centre Stage in US Elections
As the 2024 United States presidential elections approach, cryptocurrency has emerged as a pivotal issue, creating significant implications for economic policy and regulation. The political landscape is witnessing dramatic shifts, particularly in how candidates position themselves regarding this increasingly influential digital asset class. Gary Gensler, chair of the US Securities and Exchange Commission (SEC), has […]
Trump Uses Bitcoin in New York Bar Visit: A Strategic Engagement with Crypto
In a groundbreaking moment for cryptocurrency adoption, former President Donald Trump made headlines during a recent visit to PubKey, a cryptocurrency-themed bar in Manhattan. This event marked a significant milestone, as Trump became the first US president, past or present, to publicly use Bitcoin for a purchase. The transaction involved buying burgers ahead of a […]
Digital Asset Funds Attract $321 Million in Inflows: A Clear Signal of Market Resilience
The digital asset market continues to present a compelling opportunity for investors, with recent data showcasing a notable influx of capital into cryptocurrency-focused funds. Last week, digital asset funds recorded $321 million in inflows, marking the second consecutive week of positive investment momentum. This uptick, though slightly down from the prior week’s impressive $436 million, […]
Michael Saylor’s Firm Doubles Shares While Holding $15.8 Billion in Bitcoin
In a significant move reflecting confidence in the cryptocurrency market, MicroStrategy Inc., co-founded by Michael Saylor, has successfully raised $1.01 billion through the sale of convertible senior notes. This strategic maneuver highlights the firm’s commitment to expanding its Bitcoin holdings, allocating a substantial $458 million from this recent capital influx for additional Bitcoin purchases. As […]
MicroStrategy Increases Note Offering to Fuel Bitcoin Investments
In a strategic move that underscores its long-term commitment to Bitcoin, MicroStrategy has announced an upward revision of its convertible note offering, raising the total to an impressive $875 million. This decision highlights the company’s ongoing strategy to bolster its cryptocurrency holdings and manage its financial obligations effectively. The funds raised through these notes will […]