Ripple, a leading enterprise in blockchain and crypto solutions, and Archax, the UK’s first regulated digital asset exchange, have announced an extension to their existing collaboration on June 13, 2024. This partnership aims to bring hundreds of millions of dollars of tokenized real-world assets onto the XRP Ledger over the next year, positioning the XRPL […]
Surge in Digital Asset Investments Following SEC ETF Approvals, Coinshares Reports
Digital asset investment products have witnessed significant inflows totaling $ 2 billion, marking a strong five-week streak that accumulates to $ 4.3 billion. As reported by Coinshares, this surge aligns with increased trading volumes and shifting monetary policy expectations. Record-Breaking Week for Digital Assets as U.S. Ethereum ETF Approval Sparks $ 2 …
Coinshares Reports 4th Consecutive Week of Inflows Into Digital Asset Funds
The investment landscape for digital assets continues to brighten, with a fourth consecutive week of inflows totaling $ 185 million, pushing the total for May to an impressive $ 2 billion. The latest Coinshares inflow report shows the influx has propelled year-to-date investments beyond the $ 15 billion threshold. Coinshares Tracks $ …
Coinbase’s Legal Chief: SEC Is Bent on Choking the Digital Asset Industry
Coinbase’s chief legal officer, Paul Grewal, announced that the crypto exchange has filed a closing brief in the Third Circuit challenging the SEC’s denial of their rulemaking petition. The brief argues that the SEC’s order, which disagrees with claims that SEC rules are unworkable for digital asset firms, lacks reasoned decision-making. Grewal asserts that the […]
South Africa’s Regulator Tightens Rules for Crypto Asset Transfers via Latest Directive
The Financial Intelligence Centre (FIC) has proposed a directive regarding crypto asset transfers. This directive follows the licensing of 75 crypto asset service providers (CASPs) by the Financial Sector Conduct Authority in South Africa. The FIC aims to tighten regulations by requiring CASPs to implement more detailed and stricter requirements for digital transactions. The directive’s […]