Newly appointed SEC Chair Paul Atkins, the new SEC chair, calls out the agency’s past failures under Gary Gensler’s tenure. Atkins slammed Gensler’s way of handling crypto as a disaster that hurt growth and let fraud sneak in. But now, Atkins promises to fix it all by giving the crypto world the clear rules it … Read more
A new study by Chainplay and Strorible reveals that nearly 45% of venture capital (VC)-backed crypto projects have shut down, and 77% fail to generate $1,000 in monthly revenue. Top-Tier VC Firms Not Spared Nearly half (45%) of venture capital (VC)-backed crypto projects have ceased operations, while 77% fail to generate $1,000 in monthly revenue, … Read more
The US Securities and Exchange Commission will hone its crypto policies with “notice and comment” and move away from shaping its rules through the courts, agency chair Paul Atkins told Congress. In June 3 remarks to the Senate Appropriations Subcommittee on Financial Services, Atkins said the agency’s crypto policymaking “will be done through notice and … Read more
The California State Assembly unanimously passed a bill, AB 1180, on June 4 with 68 votes in favor, allowing the state government to accept Bitcoin and other digital assets as payment methods. The crypto payment bill is now under review by the state Senate. The bill requires the Department of Financial Protection and Innovation (DFPI) … Read more
Coinbase has asked a US federal judge to hear a lawsuit from Oregon’s attorney general, claiming that it is a copy of a prior Securities and Exchange Commission lawsuit that belongs in federal court. In a June 2 motion filed in a Portland federal court, Coinbase claimed Oregon Attorney General Dan Rayfield’s April lawsuit accusing … Read more
Yep, you read that right. Truth Social, the social media platform backed by Donald Trump, is diving into crypto, specifically, it wants its very own Bitcoin ETF. On June 3, NYSE Arca filed the paperwork with the Securities and Exchange Commission (SEC) to list what would officially be called the Truth Social Bitcoin ETF. It’s … Read more
The ETF will track Bitcoin’s price and be listed on NYSE Arca. Meanwhile, US Senator Cynthia Lummis revealed that several military leaders, particularly in Southeast Asia, support building a national Bitcoin reserve to counter China in ongoing economic warfare. Adding to the positive sentiment surrounding Bitcoin, miner Cango announced it mined 954.5 BTC in April … Read more
The crypto industry might finally get some long-overdue rules, but there’s one problem. House Democrats say the SEC is ghosting them on the details. And it’s not just frustrating, it could slow down one of the biggest crypto bills in years. What Is This Crypto Bill All About? It’s called the Digital Asset Market Structure … Read more
Gold prices rose in Pakistan on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 30,609.80 Pakistani Rupees (PKR) per gram, up compared with the PKR 30,561.63 it cost on Tuesday. The price for Gold increased to PKR 357,026.70 per tola from PKR 356,464.90 per tola a day earlier. Unit measure … Read more
The financial world often operates like a complex ecosystem, where movements in one area can send ripples through others. Today, we’re looking at significant upward movement in the US Stock Market, and naturally, many in the crypto community are asking: What does this mean for digital assets? Yesterday saw the three major US Stock Market … Read more