WisdomTree, a Bitcoin exchange-traded fund (ETF) issuer, has recently received regulatory approval from the New York State Department of Financial Services (DFS) to operate its digital asset business within the state. This approval came in the form of a charter to operate as a limited-purpose trust company under the New York Banking Law. The issuance
XRP has been making waves in the cryptocurrency market recently, with its price rallying from $0.64 to grab the attention of investors. Although it has not yet reached its all-time high of $3.30, some experts believe that XRP may be gearing up for a significant surge. Analysts predict that XRP could soar to new heights
Bitcoin Spot ETF outflows have significantly increased this week, with investors gravitating towards selling off their holdings in response to the prevailing market conditions. The driving force behind these outflows appears to be the perceived high fees associated with the Grayscale Spot ETF, which has been leading the way in terms of fund exodus. This
The recent ruling by the San Diego federal court has brought to light the involvement of Silvergate Bank in aiding fraud at the exchange FTX and its associated trading firm, Alameda Research. Despite Silvergate’s attempt to dismiss the case in June, a federal court judge denied the motion, emphasizing that the bank had a duty
Recently, the Estonian government announced a significant shift in crypto oversight by passing legislation that will transfer regulatory authority to the Financial Supervision Authority (FSA) starting in 2026. This move aims to bring local crypto service providers under stricter regulations in order to better manage the emerging market. The proposed bill includes provisions to enhance
XRP price recently rebounded from the $0.5680 support level and has started to show signs of an upward trend. The bulls are now eyeing a move towards the key resistance at $0.700. XRP found support near $0.5680 and initiated a recovery wave above $0.60. The price is currently trading above $0.620 and the 100 simple
In the recent crypto market, there has been a significant wave of liquidations totaling nearly $300 million, coinciding with a sharp rise in Bitcoin’s value to over $67,000. This sudden increase in Bitcoin’s price took many traders by surprise, particularly those who had placed bets on the market continuing its downward trend. Data provided by
Bitcoin recently experienced a striking retrace in its price, dropping from $73,000 to $61,000. However, as Wednesday came to a close, the cryptocurrency witnessed a significant recovery, climbing back up to $67,000. This sudden resurgence has sparked optimism within the cryptocurrency community, with many believing that a bullish trend may be on the horizon. Despite
The newcomer AI-integrated security token and meme coin known as $SCOTTY The AI made its debut on the decentralized exchange Uniswap to great fanfare. Starting at a price of $0.01 per token, it quickly surged to $0.02597 within half an hour of its launch, marking a significant increase of approximately 150%. Prior to its official
BlackRock, a prominent asset management firm, has chosen Coinbase as the primary infrastructure provider for its innovative tokenized investment fund, known as the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund is designed to provide investors with a stable value of $1 per token, along with daily accrued dividends that are directly deposited into
