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Philippines Blocks Binance, Citing Threat to Security of Investor Funds

Philippines Blocks Binance, Citing Threat to Security of Investor FundsThe Philippines has proceeded to block crypto exchange Binance. The country’s Securities and Exchange Commission (SEC) has concluded that the public’s continued access to Binance’s websites and apps “poses a threat to the security of the funds of investing Filipinos.” The Philippine SEC Warns Against ‘Investing in and Using Binance’ The Philippine Securities and Exchange […]

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SEC Requests More Funding to Regulate Crypto Sector

SEC Requests More Funding to Regulate Crypto SectorThe U.S. Securities and Exchange Commission (SEC) has submitted its 2025 budget request, which will partly fund the securities watchdog’s efforts to regulate the crypto sector. “We’ve seen the Wild West of the crypto markets, rife with noncompliance,” SEC Chair Gary Gensler stressed. “As the cop on the beat, we must be able to meet […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 Discussion

Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 DiscussionIndian Finance Minister Nirmala Sitharaman has stated that it is the position of the Indian government that crypto assets cannot be currencies, which are issued by central banks. She clarified that crypto assets can be used for trading, speculation, profit-making, and various other purposes. Moreover, she noted that India has raised the issue of crypto […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’

SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reiterated that the crypto industry is filled with instances of abuse and fraud, citing a significant number of bankruptcies in recent years. He also cautioned investors in spot bitcoin exchange-traded funds (ETFs) that these products are based on a “highly speculative volatile underlying asset: bitcoin.” […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai

Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in DubaiOn Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the UAE’s most populous city. Nexo Gains Initial VARA Approval for Dubai Crypto Operations The crypto lender Nexo received a provisional “Initial Approval [IA]” […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

CBDC Anti-Surveillance State Act Back in the Senate

CBDC Anti-Surveillance State Act Back in the SenateThe CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one senator who supports the bill. A central bank digital currency (CBDC) “would open the door for the federal government to […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

$30 Billion Investment Platform Approves 4 Spot Bitcoin ETFs for Clients

 Billion Investment Platform Approves 4 Spot Bitcoin ETFs for ClientsCarson Group, an investment platform with $30 billion in assets under management, has reportedly approved four spot bitcoin exchange-traded funds (ETFs) on its platform. The approved funds include Blackrock’s Ishares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC). “We feel it is important to offer these products as a result of two of […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

ECB Economists: Bitcoin Fails to Become Global Decentralized Digital Currency, BTC’s Fair Value Is Still Zero

ECB Economists: Bitcoin Fails to Become Global Decentralized Digital Currency, BTC's Fair Value Is Still ZeroThe European Central Bank (ECB) has published a blog post claiming that “bitcoin has failed to fulfill its original promise to become a global decentralized digital currency.” The ECB economists who authored the post added that bitcoin’s fair value is still zero and bitcoin transactions are “still inconvenient, slow, and costly.” Moreover, they asserted that […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Coinbase CEO Says No Access Block in Nigeria, Platform Operating Normally

Coinbase CEO Says No Access Block in Nigeria, Platform Operating NormallyCoinbase CEO Brian Armstrong has dismissed reports of his cryptocurrency exchange being blocked by Nigerian authorities. He emphasized that Coinbase products are fully operational in Nigeria without any interruptions. “We have not received any outreach or communication from officials in Nigeria,” the Coinbase executive affirmed. Meanwhile, Binance has reportedly admitted that some users in Nigeria […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Donald Trump Acknowledges Bitcoin’s Popularity — Says BTC Has Taken on ‘a Life of Its Own’ and ‘I Can Live With It’

Donald Trump Acknowledges Bitcoin’s Popularity — Says BTC Has Taken on ‘a Life of Its Own’ and ‘I Can Live With It’U.S. presidential candidate and former President Donald Trump has acknowledged the growing popularity of bitcoin, stating that “a lot of people are doing it” and the crypto has taken on “a life of its own.” Trump further shared: “More and more I’m seeing people wanting to pay bitcoin and you’re seeing something that’s interesting so […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes