Bank of China Mandates Retail Digital Yuan Payments
Using QR codes, e-commerce platforms now have the potential to include Central Bank Digital Currencies (CBDC) into their own operating systems in the near future. Changchun Mu, the Director of the Digital Currency Research Institute of the People’s Bank of China, emphasized in a speech delivered on September 3 that as China’s central bank digital […]
JPMorgan Asserts SEC’s Inevitable Approval of Spot Bitcoin ETF
The United States Securities and Exchange Commission (SEC) has additionally stated that the recent postponement by the SEC suggests a higher likelihood of granting approval for multiple simultaneous spot Bitcoin ETFs. Following Grayscale’s recent victory over the US Securities and Exchange Commission (SEC), prominent financial institutions and individuals increasingly believe that approving a spot Bitcoin […]
Robinhood Wallet Adds Bitcoin, Dogecoin, Ethereum Swaps
Robinhood’s self-managed cryptocurrency wallet now permits users to delve extensively into the realm of decentralized finance by facilitating Ethereum swaps. Robinhood Wallet, a multifunctional, self-custodial Web3 wallet that supports multiple blockchains, has expanded its services to include Bitcoin (BTC), Dogecoin (DOGE), and Ethereum (ETH) exchanges within the application. This strategic expansion follows the global launch […]
Judge Approves Binance’s New Attorney Amid SEC’s Secret Filing
Judge Amy Jackson has granted attorney Andrew Rhys Davies permission to represent BinanceUS in response to a confidential submission made by the U.S. SEC. A federal magistrate has approved a new attorney for BinanceUS in the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, Binance.US, and CEO Changpeng “C.Z.” Zhao. In the meantime, the […]
Critical BTC Price Validation Range for Bitcoin’s Recovery
Prior to Tuesday’s increase in the price of Bitcoin, “whales” continued to amass the cryptocurrency to the tune of $388,3 million. After Tuesday, Grayscale’s victory over the US SEC, the Bitcoin price quickly recovered, surging past $27,500. However, since then, the BTC price has experienced a partial retracement and is currently trading at $27,240, down […]