The United States Securities and Exchange Commission, or SEC, has extended its window to decide on whether shares of ARK 21Shares’ Bitcoin exchange-traded fund could be listed on the Chicago Board Options Exchange BZX Exchange. In a Nov. 15 announcement, the SEC issued a notice for a longer designation period for the application of ARK 21Shares’ Bitcoin (BTC) ETF, originally […]

According to 1inch, users’ gas costs for swaps will be at least 10% lower than its previous offerings in the DEX segment, thereby, making swapping activity on the Ethereum network more profitable for its users. In the Router v5, 1inch estimated that swaps will be approximately 5% more gas efficient than in the previous version, and 10% more gas efficient, compared […]

The Supreme Court of the Bahamas has approved two provisional liquidators to oversee the assets of crypto exchange FTX Digital Markets, which is headquartered in the country. According to a Nov. 14 announcement from the Bahamas’ Securities Commission, the country’s supreme court approved the appointments of PricewaterhouseCoopers advisory partner Kevin Cambridge and partner Peter Greaves to act as “joint provisional liquidators” […]

After FTX rocked the industry, exchanges scurried to reassure their users that all was in order with their operations. Coinbase’s CEO stated that customers’ deposits are held “dollar-for-dollar”, while Kraken’s boss highlighted some of the red flags that FTX raised. The winding-up processes of FTX have begun as the industry reels from the impact of the implosion. Digital asset exchanges […]

In a surprise twist, Binance – the world’s largest and most popular digital currency trading firm – has agreed to purchase competitor FTX, which at this time is experiencing what it’s referring to as a “liquidity crunch” and is in need of some financial help. Binance Said It Would Buy FTX The irony is that FTX spent millions of dollars recently bailing other […]

The accounting firm BDO Italia has performed a quarterly assurance on the Consolidated Reserves of Tether Holdings Limited and its wholly-owned subsidiaries as of 30th September 2022. According to its report, Tether Group’s consolidated assets exceed its consolidated liabilities. As per the Consolidated Reserves Report (CRR), Tether Group’s total assets as of September 30, 2022, amounted to US$ US$ 68.1 […]

The native token of FTX – a leading, yet new digital currency exchange – took a harsh dip in mid-November after news came about that Binance – one of the world’s biggest crypto trading platforms – was liquidating its holdings of the asset and ending its support for it as a means of preventing competition to its own native currency BNB Coin. […]

The CEO of Mastercard, which is “the second-largest payment-processing corporation worldwide”, recently shared his thoughts on crypto. On 18 January 2022, Raj Dhamodharan, EVP Blockchain / Digital Asset Products & Digital Partnerships at Mastercard, published a blog post in which he said that Mastercard believes that “buying digital goods should be as simple as buying a T-shirt or coffee pods […]