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The United States Securities and Exchange Commission (SEC) has accepted BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF), signifying the initiation of the official review process. This decision comes shortly after the SEC acknowledged a similar application from Bitwise. The acceptance of BlackRock’s ETF proposal by the SEC indicates that the regulatory agency is

The United States Securities and Exchange Commission (SEC) has taken a significant step in the regulatory process by accepting BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF). This move comes after the SEC’s acknowledgment of a similar application submitted by Bitwise just the day before, marking the beginning of the official review process for

In the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and crypto exchange Binance, a third-party entity named Eeon has entered the scene seeking compensation. Eeon aims to represent the interests of Binance’s customers and has filed a claim with the United States District Court for the District of Columbia. According

Filecoin, a decentralized storage network, experienced a significant increase in storage utilization during the second quarter of the year, surpassing 7%. However, despite this growth, the protocol and supply revenue faced a decline, primarily due to providers reducing fees to encourage adoption. According to a recent report by Messari on July 13, Filecoin now averages

Larry Fink, CEO of BlackRock, has declared his support for cryptocurrencies, emphasising their role in democratising investment globally. Fink observed an increase in client interest in digital assets, emphasising their potential value as a diversification tool. Fink stated that global investors are getting increasingly interested in cryptocurrency during an interview with CNBC’s Squawk on the

Senators Cynthia Lummis and Kirsten Gillibrand of the United States are reintroducing legislation to provide a comprehensive regulatory framework for digital assets. The Responsible Financial Innovation Act will be introduced to the Senate on July 12 after being tabled in the previous session of Congress for over a year. This bipartisan initiative seeks to clarify

Polygon, an Ethereum layer-2 development firm, has put forward a proposal to upgrade its Polygon token (MATIC) into a multipurpose token capable of validating multiple chains. The proposal is currently awaiting approval from the Polygon community, and if accepted, MATIC will be rebranded as POL. The planned upgrade aims to extend the utility of POL

In a significant turn of events, Ripple Labs has emerged triumphant in its long-standing legal battle against the Securities and Exchange Commission (SEC). Judge Analisa Torres of the United States District Court for the Southern District of New York decided in favour of Ripple, dismissing the SEC’s arguments that XRP, Ripple’s native cryptocurrency, should be

The Russian Federation’s central bank digital currency (CBDC) project, known as the digital ruble, has taken a significant step towards becoming a reality. On July 11, the Russian Federal Assembly’s lower chamber, the State Duma, passed the digital ruble bill on its third reading. The law will now be sent to the Federation Council, the

The FTX cryptocurrency exchange, which recently filed for bankruptcy, introduced a customer claims portal to provide affected users with a means to file proof-of-claims. However, shortly after going live, the portal became inaccessible for reasons that remain unknown. According to reports from various social media users, the FTX claims portal went live on July 11,