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The U.S. Securities and Exchange Commission (SEC) has dismissed a lawsuit against Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, regarding its Earn product. The lawsuit was initially filed by the SEC in January 2023, alleging that Gemini's Earn program constituted an unregistered securities offering. The
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The Senate Agriculture Committee has released a draft proposal for regulating the cryptocurrency market, which includes several provisions aimed at addressing concerns raised by Democratic lawmakers. Key elements of the draft focus on consumer protection, market transparency, and the establishment of a regulatory framework for digital assets. The proposal seeks
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Swiss banking giant UBS is set to offer cryptocurrency services to select clients, marking a significant move into the digital asset space. The initiative aims to cater to high-net-worth individuals and institutional clients seeking exposure to cryptocurrencies. UBS plans to provide tailored investment solutions and advisory services related to digital
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Polygon (POL) experienced a decline of 2.2%, contributing to a downward trend in the CoinDesk 20 index. The overall index saw a decrease, reflecting broader market challenges. Despite this dip, Polygon remains a significant player in the crypto space, known for its scalability solutions for Ethereum. Analysts suggest that
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Standard Chartered has suggested that purchasing ether and Bitmine Immersion ahead of the weekend could be a profitable move. The bank believes that the current market conditions are favorable for these assets, potentially leading to positive returns. Analysts at Standard Chartered highlighted the growing interest in cryptocurrencies and the potential
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Bitcoin's returns in 2023 have not compensated for the associated risks, mirroring the trends observed in 2022. Despite a notable price recovery, the volatility and potential for significant losses remain high, leading to a risk-return imbalance. Analysts highlight that investors are still grappling with the aftermath of last
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Recent data indicates that U.S. Bitcoin exchange-traded funds (ETFs) experienced their largest weekly outflows since November, totaling approximately $70 million. This trend may suggest a potential price bottom for Bitcoin, as significant outflows often precede market recoveries. Analysts are closely monitoring these movements, as they could indicate shifting investor
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Revolut has abandoned its plan to merge with a U.S. bank and is now pursuing a standalone banking license in the United States. This decision comes as the fintech company aims to expand its operations and services in the U.S. market independently. The move reflects Revolut's
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South Korean authorities are investigating the loss of approximately $1.5 million worth of seized bitcoin due to a phishing attack. The incident involved a police officer who fell victim to a scam, leading to the unauthorized transfer of the cryptocurrency. This breach has raised concerns about the security measures
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Coinbase has introduced a new feature allowing users to borrow up to $1 million against their staked ether (ETH) without needing to sell it. This service aims to provide liquidity to users who want to leverage their staked assets while still earning staking rewards. The borrowing process is facilitated through
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Bitcoin and the Japanese yen remained stable as Japan reported a decrease in inflation rates, which fell to 2.8% in September, down from 3.2% in August. The Bank of Japan (BOJ) decided to maintain its current interest rates, continuing its accommodative monetary policy. This decision aligns with the
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Capital One has announced its agreement to acquire Brex, a company that facilitates credit card and stablecoin payments. This acquisition aims to enhance Capital One's offerings in the fintech space, particularly in serving small and medium-sized businesses. Brex is known for its innovative financial solutions, including expense management