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In a surprising turn of events, cryptocurrency company Ripple Labs has announced that it will repurchase shares worth $285 million from early investors and staff. This move is part of Ripple’s ongoing commitment to provide liquidity for its investors and comes amidst regulatory uncertainties surrounding an ongoing legal battle with the Securities and Exchange Commission
In an unprecedented move, the U.S. Securities and Exchange Commission (SEC) has approved Grayscale’s spot Bitcoin ETF proposal. This groundbreaking decision is set to revolutionize the future of crypto and has massive implications for GBTC investors. Grayscale CEO Michael Sonnenshein hailed the approval as a “monumental step forward” that recognizes the transformative potential of cryptocurrencies.
The cryptocurrency community is buzzing once again as Ethereum-based memecoin Shiba Inu (SHIB) sees a massive whale accumulation. This accumulation has left many speculating about the reasons behind it. Recent data from crypto analytics firm Lookonchain reveals that new buyers are stacking Shiba Inu on Binance and Gate.io, raising eyebrows among investors. According to Lookonchain,
In a significant development for the cryptocurrency industry, BitGo has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI). This approval places BitGo at the forefront of regulated digital payment token service providers in Asia, allowing the company to offer a comprehensive range of services to
Recently, popular cryptocurrency exchange Binance confirmed that its application, along with several other foreign-based exchange applications, has been removed from Apple’s App Store in India. Binance South Asia acknowledged the situation, stating that it is not unique to Binance and that the company remains committed to complying with local regulations and maintaining a dialogue with
BitPay, the world’s leading Bitcoin and cryptocurrency payment service, has announced a significant update to its payment experience for crypto customers. The company will now support dozens of new cryptocurrencies, allowing customers to make payments with a wider range of community-driven assets. BitPay’s latest update will offer support for popular cryptocurrencies such as Uniswap (UNI),
The US Securities and Exchange Commission (SEC) is set to make a final decision on the approval of Spot Bitcoin ETFs. As this decision looms, the Depository Trust and Clearing Corporation (DTCC) has taken a significant step by officially listing the Spot ETF tickers of investment management firms VanEck and WisdomTree. This development positions both