Coinbase has announced plans to acquire a MiFID-licensed entity in Cyprus, marking a strategic move to broaden its derivatives offerings across the European Union. This endeavor, pending regulatory approval, aims to enhance Coinbase’s market presence in 2024 significantly. Coinbase Expansion into the EU Derivatives Market The initiative to acquire a Markets in Financial Instruments Directive […]

The Bitcoin ETF race has finally reached as close to the finish line as it can get. All 11 Bitcoin ETF applicants have updated their 19b-4 amendments, with S-1 filings reportedly expected by Monday. Bloomberg’s Katie Greifeld reported that the SEC had instructed exchanges and issuers to submit their final amendments on Friday for their […]

Digital Currency Group (DCG) announced on Friday that it has successfully paid off its short-term loans from Genesis, its bankrupt subsidiary. This recent financial move marks a substantial step forward for the firm, bringing its total debt repayment to creditors to an impressive figure exceeding $1 billion. Source: Digital Currency Group on X   Substantial Debts […]

Cardano Price Prediction: Amid the increasing uncertainty in the crypto market, the Cardano(ADA) recovery rally witnessed a renewed supply pressure at the $0.676 mark. As sellers strengthened their grip amid speculation that the US SEC may reject the approval of the Spot Bitcoin ETFs, the ADA price plunged back to the $0.5 mark. Will this […]

Bitcoin (BTC) price is shedding off the losses it has accrued over the past 48 hours as new capital starts entering the market in a rare show of vote of confidence. At the time of writing, Bitcoin price is changing hands at $43,678.53 after trimming its losses from more than 4% earlier in the day […]

The Bank of Spain has announced the commencement of a six-month pilot project focused on Central Bank Digital Currencies (CBDCs). This initiative, which stands apart from the broader digital euro effort, has roped Cecabank, Abanca, and Adhara Blockchain as primary collaborators. This development comes a year after the Spanish central bank’s call for partnerships, with […]

Crypto exchange Coinbase will benefit the most out of a possible spot Bitcoin ETF approval. However, its involvement as a middleman between the crypto market and the traditional equities market post-approval is a sore eye for the SEC. Bloomberg’s Michael P. Regan believes that the regal battle between the largest crypto trading platform and SEC […]

The much-awaited OpenA ChatGPT Store is set to go live next week as the Artificial Intelligence (AI) giant sets a new standard in the technology world. Designed as a customizable store that can empower developers and users across the board, the OpenAI ChatGPT store will raise the bar of engagement and possibly drive new users […]

BitMEX exchange is on the verge of making history with its planned move to send a physical Bitcoin (BTC) to the moon. As reported by Finance Feeds, BitMEX’s physical Bitcoin will be among the 201 payloads from governments, private firms, higher institutions of learning, and NASA’s Commercial Lunar Payload Services initiative to travel to the […]

Fintech firm Dave has decided to distance itself from the troubled crypto exchange FTX. Dave announced its plan to repurchase a $100 million convertible promissory note from FTX Ventures, the venture capital arm of FTX. This development comes as a response to the bankruptcy and legal challenges surrounding FTX. The Financial Mechanics of the Buyback […]