In a pioneering move towards the integration of digital assets into public finance, New Hampshire State Representative Keith Ammon has put forth a bill aimed at establishing a strategic reserve of digital assets for the state treasury. Introduced on January 9, the legislation seeks to reserve up to 10% of the total public funds—approximately $360
Ownership
The downfall of FTX, once a prominent player in the cryptocurrency exchange space, has been nothing short of spectacular. Once valued in the tens of billions, the platform filed for bankruptcy in late 2022, shaking the faith of investors and users alike. At the core of the turmoil was a convoluted web of financial mismanagement
China has taken significant steps to tighten its grip on foreign exchange operations, particularly concerning risky activities involving cryptocurrencies. Recent reporting by the South China Morning Post indicates that the State Administration of Foreign Exchange (SAFE) has mandated financial institutions to intensify scrutiny over transactions that could be linked to illicit activities such as cross-border
WazirX, an Indian cryptocurrency exchange, finds itself ensnared in escalating legal and operational challenges following a troubling directive from the Delhi High Court on December 18. This ruling has mandated a renewed investigation into the platform, coinciding perilously with Binance’s announcement to delist its native token, WRX. The court’s involvement derives from a petition lodged
The landscape of cryptocurrency has undergone a significant transformation, especially since the introduction of US Spot Bitcoin Exchange-Traded Funds (ETFs) in January 2024. These financial products have not only gained remarkable popularity but have dramatically shifted the dynamics of Bitcoin ownership and investment. The emergence of these ETFs represents a paradigm shift that could redefine
The ever-evolving landscape of cryptocurrency, led by Bitcoin, has captured the attention of investors and analysts alike. With a focus on recent trends, there are clear signals that the price of Bitcoin is at a critical juncture. Notably, a prominent analyst has warned of a potential price drop if Bitcoin fails to maintain its position
The cryptocurrency space in the UK continues to exhibit a dynamic trajectory, as highlighted by the recent findings from the Financial Conduct Authority (FCA). This growing interest among the population not only raises questions about the implications of increased ownership but also about the pressing need for regulatory frameworks that could potentially transform this volatile
In a groundbreaking development for the cryptocurrency landscape, Cboe Global Markets is set to unveil the first-ever cash-settled options linked to the spot price of Bitcoin (BTC) on December 2. This novel financial instrument is designed to provide investors with exposure to Bitcoin’s price movements while circumventing the need for direct ownership of the cryptocurrency.
In a compelling push for reform, the Digital Chamber of Commerce has articulated a plea to the U.S. Office of Government Ethics, urging a revision of current policies that prohibit federal employees from owning cryptocurrency. This call to action, made in a letter dated November 13, signals the growing necessity to adapt regulations to meet
In the fast-paced world of financial trading, few names resonate as prominently as Aayush Jindal. With over 15 years of experience navigating the intricate landscapes of Forex and cryptocurrency, Aayush has emerged as a pivotal figure in the realm of financial markets. His profound technical analysis skills and market insights are not merely tricks of