On Friday, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Carlos Garza for not giving testimony in the investigation of GAW Miners operations.
Revolut has a lot to gain from the stock trading offering in the United States, as more people are getting increased education to commit their funds to work for them as traditional investment options are no longer attractive.
To avoid a further scuffle with the US SEC, Coinbase decides to drop its plan of crypto lending services with the USDC stablecoin.
The Coinbase Prime platform will handle large-sized orders and will serve as a one-stop solution for “advanced trading, battle-tested custody, and financing”.
As SEC Chairman Gary Gensler affirmed that the commission is working extensively on creating a new set of rules for the crypto space, Cuban said he believes Stablecoins will be the first to be regulated while smart contracts are poised to be the primary source of fraud in the nascent ecosystem.
Dalio believes that while Bitcoin has no intrinsic value, it is a better alternative to cash.
Known for its funds cutting across the decentralized finance (DeFi) ecosystem, the Bitwise Bitcoin ETF product, if approved, will also explore investments in safer financial instruments.
Coinbase is now the second crypto-related junk bond issuer in the United States market as business intelligence and software developer, MicroStrategy Inc, sold $500 million of notes in June to fund the purchase of Bitcoin.
Fidelity executives also highlighted the massive adoption of Bitcoin across the world and, particularly, in the United States as another reason why the commission should be thinking of approving a Bitcoin ETF.
Wood remains confident that the Bitcoin trend will be majorly bullish in the next 5 years. She further forecasts a 10-fold increase in the price of Bitcoin.
The reduced institutional inflows have not impacted the price of Bitcoin as much as we would expect, as the cryptocurrency has sought a bullish fundamental in other aspects.
