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The U.S. Securities and Exchange Commission (SEC) has reported a highly productive year for its enforcement actions in the crypto industry. In its latest announcement, the SEC described fiscal year 2023 as impactful and fruitful for its efforts in regulating crypto asset securities. SEC Chairman Gary Gensler emphasized the benefits of the Division of Enforcement's […]

The Potential Impact of Spot Bitcoin ETFs Cryptocurrency exchange Coinbase has expressed its belief that spot bitcoin exchange-traded funds (ETFs) could have a significant positive impact on the total crypto market cap. According to Coinbase, the chances of the U.S. Securities and Exchange Commission (SEC) approving one or more spot bitcoin ETFs before the end

Introduction The National Hockey League (NHL), in partnership with the NHL Players’ Association and the NHL Alumni Association, has joined forces with Sweet, a non-fungible token (NFT) firm, to introduce NHL Breakaway. This digital collectibles platform allows fans worldwide to collect, gift, trade, and showcase highlights and significant moments from NHL history. NHL Breakaway: A

The U.S. Bureau of Labor Statistics recently released the Consumer Price Index for All Urban Consumers (CPI-U) report for October. The report revealed that the CPI-U remained unchanged in October, following a 0.4% increase in September. However, over the past year, the all-items index rose by 3.2% before seasonal adjustment, indicating a significant trend in

Blackrock Argues SEC ‘Must’ Approve Spot Ether ETF Blackrock, the world's largest asset manager, is advocating for the approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The company, which has filed with the SEC to list and trade shares of its spot ether ETF called "Ishares Ethereum Trust"

Global investment bank JPMorgan has warned investors that U.S. crypto regulations are unlikely to ease, even though the Securities and Exchange Commission (SEC) has lost several recent court cases against crypto firms. "It is far from clear that the regulatory tightening of the crypto industry will lessen significantly going forward given how unregulated this industry

Grayscale Investments CEO Discusses Bitcoin ETF Conversion Grayscale Investments CEO Michael Sonnenshein recently spoke about the company's plan to convert its flagship bitcoin trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). In an interview with Bloomberg at DC Fintech Week, Sonnenshein revealed that the company is engaging with the U.S. Securities and Exchange Commission

Federal Reserve Chair Jerome Powell's recent remarks have sparked a debate on the adequacy of current interest rates, adding to the uncertainty in the economic landscape. Despite strong gross domestic product growth, Powell's address revealed the Fed's firm position, as he expressed his lack of confidence in the effectiveness of their restrictive policies. Federal Reserve

The value of bitcoin (BTC) has skyrocketed, surging over 38% against the U.S. dollar in the past six months and marking a remarkable 125% increase year-to-date. As a result, bitcoin has climbed to become the eleventh-largest global asset, reaching a market capitalization that surpasses various assets including precious metals, exchange-traded funds (ETFs), and corporate valuations.

Introduction As global equities experienced a slump following U.S. Federal Reserve chairman Jerome Powell's speech on Thursday, the crypto markets remained resilient, showcasing an overall market valuation of $1.4 trillion on Friday, November 10, 2023. Bitcoin and Ethereum Navigate Through Market Uncertainty Despite the drop in stocks after Powell's hawkish speech, the crypto economy continues