A recent court decision has ordered the Securities and Exchange Commission (SEC) to reevaluate its rejection of Grayscale’s application to convert its Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). The District of Columbia Court of Appeals ruled in August that the SEC unjustifiably denied Grayscale’s ETF application. The SEC will not appeal… Read more: Court Ruling Paves Way for Bitcoin Spot ETF

PayPal has launched its own stablecoin, PYUSD, making it the first major U.S. financial institution to issue a proprietary digital currency pegged to the dollar. PYUSD is built on the Ethereum blockchain and backed 1:1 by cash reserves held by PayPal. Initially available to U.S. PayPal and Venmo users, PYUSD aims to facilitate low-cost peer-to-peer… Read more: <strong>PayPal Launches PYUSD Stablecoin</strong>

The digital identification platform Worldcoin has launched its mainnet and native token WLD after three years in development. Co-founded by OpenAI CEO Sam Altman, Worldcoin aims to provide a verified digital identity for each person on earth. The company proposes to solve the problem of distinguishing real humans from AI by using iris scans to… Read more: <strong>Don’t get excited about Worldcoin just yet</strong>

Asset management titan BlackRock has filed with the SEC seeking approval for an exchange-traded fund (ETF) that would directly hold bitcoin, in a move that could bring the cryptocurrency further into the mainstream of finance. The proposed ETF is called the iShares Bitcoin Trust and would utilize crypto exchange Coinbase as its custodian. It would… Read more: <strong>BlackRock Files For Spot Bitcoin ETF</strong>

The European MiCA (Markets in Crypto Assets) legislation is the most complex attempt to regulate the cryptocurrency industry to date. This ambitious regulation was recently approved by European lawmakers. MiCA brings rules for cryptocurrency service providers and aims to ensure transparency, stability and investor protection. One of the main elements of this legislation is the… Read more: <strong>EU lawmakers approve world’s first comprehensive framework for cryptocurrency regulation</strong>

The debate about the possible continuation of the banking crisis was reignited by Jamie Dimon, CEO of the largest US bank JPMorgan Chase. He gave his reasons for further possible bank failures in the annual letter to shareholders. On the one hand, he blamed poor management decisions that failed to prepare banks for the eventuality… Read more: <strong>The banking crisis probably isn’t over yet</strong>

Silvergate was originally a small American bank, operating as a savings and loan provider. In 2016, it launched an initiative to serve clients in cryptocurrencies. It then began to grow rapidly and by 2017, the assets under management had grown to $1.9 billion and the number of clients to 250. In November 2019, it became… Read more: <strong>Silvergate Bank crash could set the crypto industry back 10 years</strong>

Goldman Sachs, the fifth-largest bank in the United States, has announced that it intends to take advantage of the reduced valuation of crypto firms that occurred due to the crash of the exchange FTX. It plans to invest tens of millions of dollars into buying shares or entire companies.  In the past, it has participated… Read more: <strong>The winners of the crypto winter could be the traditional finance firms</strong>

After the collapse of one of the largest crypto exchanges, FTX, the CEO of the largest exchange Binance, Changpeng Zhao, sparked a discussion about the transparency of exchange reserves. He also took issue with traditional finance, specifically banks, which usually hold only a fraction of the money reflecting total client deposits.  As a solution, he… Read more: <strong>Verification of crypto exchange reserves</strong>

Mining with graphics card cores (Graphics Processing Units) gave the digital asset industry a kind of anarchic stamp. It was accessible therefore enabled a genuine decentralization. However, the end of Ethereum mining will probably lead to the fact that only highly specialized machines, so-called ASIC miners, will be used in the future. Entering the Ethereum… Read more: <strong>The twilight of GPU mining</strong>

Fidelity Investments is a multinational financial group that manages assets worth $4.5 billion, which makes them the 4th largest asset manager in the world. In comparison to its closest competition Fidelity takes a friendly approach to digital assets. They started toying with Bitcoin already back in 2014. They had already established a division called Fidelity… Read more: <strong>Institutional Cryptocurrency Trading by Fidelity</strong>

Ethereum’s transition to the Proof-of-stake block verification system has been one of the most anticipated events in the cryptocurrency industry since the end of 2020. It will no longer be necessary to consume electricity to close blocks. The energy intensity of the network has been reduced by 99.95%. Ethereum should now be compliant with ESG… Read more: <strong>Ethereum is now a Proof of Stake blockchain</strong>

As recently as last year, one of the proclaimed advantages of bitcoin was its independence from trends of the broader economy. But this year, largely due to the entry of institutional investors, the cryptocurrency market is strongly correlated with the stock market in the United States. On Tuesday, September 13, the U.S. Bureau of Labor… Read more: <strong>Bitcoin as a victim of macroeconomic development</strong>

The blockchain division has existed at Meta, then Facebook, since 2018. The blockchain stablecoin ecosystem Libra, which would later be renamed Diem, attracted the attention of the public and regulators. Diem was officially shut down in January 2022, its head David Marcus left in November 2021. However, the inability to get permission from regulators has… Read more: <strong>The promising prospects of Diem’s descendants</strong>

Back in mid-July, one of the Ethereum Foundation developers Tim Beiko announced the approximate date of the transition to Ethereum 2.0, the merging of the Proof-of-Work and Proof-of-Stake chains, which is expected to happen in late September. Subsequently, Vitalik Buterin, the father of Ethereum, validated his claims. He spoke about the upcoming merging of the… Read more: <strong>Ethereum’s move to Proof-of-Stake is just the beginning</strong>

In February 2021, Tesla bought $1.5 billion worth of bitcoin. Subsequently, in April of that year, it sold 10 percent for $272 million. $. 15 month later as part of its Q2 2022 quarterly earnings report, it revealed that it sold another 75 percent of its remaining reserves for $936 million. $. They have sold… Read more: <strong>Tesla has sold 75 percent of its bitcoins</strong>

One of the reasons why many crypto firms have recently run into trouble is that they lend to and invest into each other. Crypto lenders in particular have been getting in trouble for promising lenders high interest and also demanding high interest from borrowers. This model logically starts to crumble when the market starts to… Read more: <strong>Spillover effects cause more blockchain companies to fail</strong>