A senior Indian politician in charge of the country’s financial development has said that the country is not expected to introduce a crypto or Web3-specific legislative measure until at least the middle of 2025. Chair of the Standing Committee on Finance Jayant Sinha was speaking at the India Blockchain Week
The cryptocurrency markets have surged from a period of consolidation, showing an upswing since the commencement of the final quarter. Over the past few days, the crypto sphere witnessed the liquidation of more than $120 million in leveraged Bitcoin positions, propelling the BTC price beyond the $44,280 mark. Additionally, Robinhood
The chief executive officer of JPMorgan Chase, Jamie Dimon, took aim at cryptocurrency—specifically Bitcoin (BTC)—during his appearance at a Senate Banking, Housing, and Urban Affairs committee oversight hearing in Washington, DC, today. Senator Elizabeth Warren probed the head of JPMorgan for his thoughts on anti-money laundering throughout the session. When
A new tax system for businesses with cryptocurrency holdings as long-term assets is being prepared to be implemented in Japan. Positioning Japan as an influential participant in the fast-growing digital economy is a larger goal, and this step is only one component of that plan. Japanese lawmakers from the Liberal
Surprisingly the US government’s acquisition of bonds via stablecoins, most notably USDT Tether, and the continuous upward trend in Bitcoin happen at the same time. A massive $24 trillion crisis, centered on the dropping value of U.S. Treasury bonds are haunting the financial sector, and this event develops against that
The Chicago Mercantile Exchange (CME), a world leader in derivatives, has seen open interest in Bitcoin futures approach $5.2 billion, just $200 million short of the record high set in late October 2021. According to statistics compiled by Coinglass, the open interest in Bitcoin futures offered by CME has increased
Swiss asset manager Pando takes a giant leap forward in its expansion plans in the U.S. In an official move to enter the competition for the highly anticipated U.S. spot Bitcoin ETF, the business submitted a 19b-4 to the Chicago Board Options Exchange (CBOE) on December 5. As a result
Spot Bitcoin ETF applicants are still on high alert as of Monday night, when BlackRock and Bitwise filed a new ETF S1 prospectus. This change occurred during the week’s strong start, when the price of Bitcoin surged beyond $42,000. Bloomberg ETF Strategist James Seyffart recently updated his readers on the
The year 2023 has been an exhilarating journey in the Web3 industry, marked by significant milestones and pivotal shifts. From the launch of Bitcoin ordinals to the much celebrated Arbitrum airdrop, the landscape has seen unprecedented growth and engagement. The recent surge in the industry, accompanied by a notable bull
New data from Bybit Research suggests that institutional investors are suspicious about altcoins, have mixed feelings about ether, and are positive on bitcoin. Institutional investors almost doubled their Bitcoin (BTC) holdings in the first three quarters of 2023. Due to bullish market mood and the expectation that the U.S. SEC
