European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S. CoinShares said on Nov. 17 that the move helps it expand to the U.S., which could soon become the epicenter
Month: November 2023
As Gary Gensler reiterated the United States Securities and Exchange Commission’s mandate in a speech, Ripple’s lawyer and various crypto community members responded, criticizing the SEC chair and arguing that the commissioner’s words contradict his actions. On Nov. 16, SEC Chair Gary Gensler shared a video of him conducting a speech at the 2023 Securities
On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each chasing after new year-to-date highs. The sustained bullish price action from altcoins has led some analysts to declare
DeFi platform Sushi has partnered with interoperability platform ZetaChain to explore the possibility of native Bitcoin swaps for its users across 30 different blockchain networks. Sushi’s deployment of its decentralized exchange (DEX) on ZetaChain is touted to enable trading of BTC without wrapping across several blockchains in what the team describes as a “native, decentralized
Cryptocurrency may be “out of fashion”, but it still draws new users to Web3 every day, in particular in emerging markets such as Brazil, according to Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext. During the Web Summit in Lisbon, Ribeiro discussed with Cointelegraph’s Joe Hall Bitcoin’s perspectives, Brazil’s vibrant crypto economy and how
Andrew Yang, former candidate for United States president and New York City mayor and founder of the Forward Party, had sobering observations about the uses of blockchain, or its lack of use, in the United States and U.S. regulation of artificial intelligence (AI) when he spoke Nov. 16 at the North American Blockchain Summit (NABS) in
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hot week for Hong Kong exchanges Hashkey Exchange — one of the first regulated crypto exchanges in Hong Kong — has announced insurance coverage for clients assets stored in its hot and cold wallets. accounts. The policy will cover 50% of
Guidelines for firms listing and delisting cryptocurrencies in New York have tightened up to better protect investors, according to the state’s financial regulator. The New York State Department of Financial Services (NYDFS) unveiled new restrictions on Nov. 15 which mandate crypto companies submit their coin listing and delisting policies for NYDFS approval. Company policies will
Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in other miners, Ardoino told Bloomberg in an interview.
Dubai’s dedicated crypto regulator, the Virtual Asset Regulatory Authority (VARA), is switching leaders as it prepares for the next phase of its “ramp up to full-scale market operations” in 2023. In a statement sent to Cointelegraph, VARA said that its incumbent CEO, Henson Orser, will be replaced by Matthew White, a global adviser who worked
RocketFuel Inc., a global entity known for its comprehensive range of payment solutions including ACH bank transfers, Bitcoin, and other cryptocurrencies, has entered into a strategic partnership with Ripple. This alliance is set to enhance RocketFuel’s existing payment architecture by incorporating Ripple Payments to meet the increasing demand for improved FIAT payment processes for merchants
Decentralized finance (DeFi) group Aave Companies has been rebranded to Avara as it looks to broaden its user base across the Web3 ecosystem. Stani Kulechov, founder and CEO of Avara (formerly Aave Companies), tells Cointelegraph that the company’s growing number of offerings, including liquidity protocol Aave, the GHO stablecoin, Lens Protocol and Sonar, necessitated an
The National Pension Service (NPS), a public pension in South Korea and one of the world’s largest pension funds, bought just over 280,000 shares of the global cryptocurrency exchange Coinbase in the third quarter of 2023, an investment that has gained 39% in value since the purchase. The NPS acquired 282,673 Coinbase shares in Q3
Turkey is reportedly considering regulations for its crypto market, focusing on licensing and taxation. The aim is to remove the country from the “grey list” of the Financial Action Task Force (FATF), as Turkey ranks fourth globally in crypto trading. According to a Reuters report, Bora Erdamar, a director at the BlockchainIST Center — a blockchain
A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said. In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone contained a “critical vulnerability” known as a “bootloader unlock” attack which would supposedly
Solana (SOL) has reached new yearly highs, gaining more than 17% the day after ARK Invest CEO Cathie Wood lauded the network for its efficiency and cost-effectiveness. In a Nov. 15 CNBC interview, Wood described the Solana network as a major infrastructure player in the wider blockchain ecosystem and added it had been doing a
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