Crypto ATM firm Bitcoin Depot had its public debut on the Nasdaq stock market today. A merger with GSR II Meteora, a blank check firm, was announced last week. At the time of writing, shares of Bitcoin Depot (BTM) were trading on the Nasdaq for $3.61. The price increased significantly
The Virtual Asset User Protection Act, the first law in South Korea specifically pertaining to cryptocurrencies, was recently passed by the National Assembly. Thus, marking a major step forward in protecting investors. According to the Assembly’s website, the legislation would become effective in one year. The bill is a compromise
Belarus is getting ready to impose a partial ban on cryptocurrencies. Sunday’s announcement from the Ministry of Internal Affairs said that criminals were using P2P crypto services as a means of money laundering. In addition, the group said in the statement that it was working on legislation to prohibit the
The recent reorganization at the People’s Bank of China (PBOC) has dashed expectations for a reversal of China’s prohibition on digital-asset trading, which has been in effect since September 2021. However, Bloomberg notes that the nomination of Pan Gongsheng, a veteran Communist Party leader, as PBOC governor, indicates a dedication
The CEO of Gemini, Cameron Winklevoss, has called the Grayscale Bitcoin Trust (GBTC) a “toxic product” in a series of tweets. After the SEC rejected Gemini’s registration for a spot Bitcoin ETF a decade ago, Cameron recently vented his frustrations over the experience on Twitter. The CEO said that American
Vitalik Buterin, one of Ethereum’s founders, has said that he does not stake all of his Ether since multisignature wallets are “complicated in a bunch of ways.” Buterin explained the “biggest reason” he is only staking a tiny portion of his ETH on the June 29 edition of the Bankless
Surprisingly, the popular cryptocurrency exchange Binance has witnessed a substantial transfer of 144,396 Litecoin (LTC), amounting to a staggering $16,053,446. This unexpected transaction has raised eyebrows in the crypto community, triggering speculation about its motive and destination. 🚨 144,396 #LTC (16,053,446 USD) transferred from #Binance to unknown wallethttps://t.co/woOyDwBx8f — Whale
Four companies resubmitted their spot bitcoin ETF applications on Friday after it was reported that SEC was dissatisfied with the previous round of filings by several major financial institutions. These institutions included Blackrock, Wisdomtree, Valkyrie, Fidelity, Ark Investment, and Invesco. Information that the ETF registrations were “inadequate” was out on
On June 29th, the Federal Reserve announced the certified “early adopters” for FedNow, the planned instant payment system. When the platform starts in late July, the companies on the approved list will be able to connect with it without any problems. Despite at least two blockchain networks earlier announcing they
Reports of the US SEC labeling financial titans’ registrations for spot Bitcoin ETFs as “inadequate” prompted US House Financial Services Committee Chairman Patrick McHenry to issue a warning to Chair Gary Gensler via Twitter. The crypto community has ridiculed the US SEC for approving a Bitcoin ETF based on leveraged
