CFPB excludes crypto wallets from ‘Larger Participant’ rule
The CFPB’s rules define “large participants” for digital payments, excluding crypto transfers, and apply to platforms like Apple Pay and Venmo. As part of its finalization of the rules defining the “large participant” criteria for digital payment platforms, the Consumer Financial Protection Bureau (CFPB), which is a financial regulator in the United States, has excluded […]
Ethereum Gains Momentum With Bullish Breakout
Ethereum is bullish after consolidating around $3,000, with potential to reach $4,000, supported by a pending “golden cross”. Following the consolidation of support around the $3,000 level, the price of Ethereum is gaining momentum, which might lead to a potential surge toward $4,000. This range has witnessed a rise in buying activity for the cryptocurrency, […]
US Bitcoin ETF Assets Break $100 billion
Since the launch of spot Bitcoin ETFs in January, Bitcoin has become the dominant asset in the ETF market. Bloomberg Intelligence reports that on November 21st, exchange-traded funds (ETFs) investing in Bitcoin in the United States achieved a significant milestone by surpassing the $100 billion mark in net assets. Since the introduction of spot Bitcoin […]
FTX Reorganization Plan To Resume In January 2025
FTX will distribute funds by January 2025, with account and verification requirements for customers and creditors. The trading platform issued a press release revealing that the implementation of this reorganization plan will enable the platform to initiate distributions to both its customers and its creditors. Following the announcement that it will finalize its arrangements with […]
Solana ETF Issuers Advance Talks With US SEC
The U.S. spot Solana ETF approval process shows progress, with potential approval by 2025, per Fox Business’ Eleanor Terrett. The search for spot Solana ETF products in the United States is progressing positively. Eleanor Terrett, a journalist for Fox Business, stated that discussions between the Securities and Exchange Commission (SEC) and potential issuers are “progressing” […]