The days since Grayscale’s critical court win against the SEC have seen the company face challenges and opportunities. On Aug. 29, a court ruled that the SEC must reconsider Grayscale’s application to transform its GBTC fund into a spot Bitcoin ETF, overturning the SEC’s initial denial on grounds that the…
Our weekly roundup of news from East Asia curates the industry’s most important developments. Thailand’s crypto UBI Thailand may soon have a national airdrop in the works where every citizen 16 years and older will receive 10,000 Baht ($285). According to local news reports on August 30, Thailand’s ruling Pheu…
IBM has some ideas about what it will take to make the digital euro a success, which it shared in a recent blog post. It suggested five items for designers to help the European Central Bank (ECB) digital currency “enter the highly competitive, multifaceted, and heterogeneous payments landscape in the…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…
The crypto ATM business is thriving in the United States, despite criticism for illegal or predatory behavior, according to a report released by the Federal Reserve Bank of Kansas City. Crypto ATMs have a growing customer base that could sometimes benefit from better education about crypto, the report concluded. Crypto…
Coinbase announced on Aug. 30 that it will soon add support for PayPal’s stablecoin, PYUSD, on the Ethereum network as an ERC-20 token. Coinbase company further announced that trading would begin on or after 9:00 AM PST on Aug. 31, assuming liquidity conditions are met. Though the asset will be…
Cryptocurrencies like Bitcoin (BTC) are not in their “longest-ever bear market” and probably are not even in a bear market at all, according to some industry observers. MN Trading founder Michaël van de Poppe took to X (formerly Twitter) on Aug. 27 to claim that Bitcoin is currently in its…
The United States Securities and Exchange Commission (SEC) has postponed its decisions on three applications for spot Bitcoin exchange-traded funds (ETFs). According to SEC filings dated Aug. 31, the commission has designated a longer period in which it may review spot Bitcoin (BTC) ETF applications from WisdomTree, Invesco and Valkyrie. The SEC…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…
Florida Gov. Ron DeSantis cancelled a campaign event in which he was reportedly planning to announce the acceptance of cryptocurrency contributions toward his 2024 presidential run. According to an Aug. 29 report from the Miami Herald, DeSantis cancelled a cocktail-hour fundraiser for his 2024 presidential campaign in which he was…