digital currency

The Securities and Exchange Commission deferred its decision Wednesday on two significant cryptocurrency-related ETF applications. What Happened: Hashdex's proposal to transform its Bitcoin futures ETF into a spot Bitcoin (CRYPTO: BTC) ETF and Grayscale's bid to launch a new...

The Supreme Court of India dismissed a petition seeking governmental guidelines for cryptocurrency trading and mining, citing misuse of constitutional provisions for personal legal relief. The petition, filed by Manu Prashant Wig against the Union of India and others, aimed to compel the government...

Central banks representing two-thirds of the world's nations and 98% of the global GDP are currently exploring the development of CBDCs, Coindesk reported, citing Bank of America. But a digital dollar? Don't expect one anytime soon. What Happened: “The Federal Reserve (Fed) continues...

Can Sun, former general counsel of FTX, is spearheading the creation of a new exchange, Backpack, along with other ex-FTX executives. This development is especially noteworthy in the context of the upcoming Benzinga's Future of Digital Assets conference on Nov. 14, where the future of...

The U.K. Financial Conduct Authority (FCA) officially recognized PayPal (NASDAQ: PYPL) as a crypto service provider, as indicated on the regulator's portal. The approval, granted to PayPal UK on Tuesday, Oct. 31, allows the firm to partake in "certain cryptoasset activities."...

U.S. Deputy Treasury Secretary Wally Adeyemo debunked the notion that cryptocurrencies predominantly finance terrorist organizations. In a conversation with RUSI's Centre for Financial Crime and Security Studies, he clarified traditional banking systems remained the primary channel...

Sam Bankman-Fried, the face behind crypto giants FTX and Alameda Research, acknowledged his awareness of the potential risks tied to the controversial decision to use the former's funds to repay the latter's debts. This concession came during the intense cross-examination by Assistant...

The Reserve Bank of India (RBI) is among the banks in India looking to rapidly increase the country’s digital currency trading volumes and promote the use of Central Bank Digital Currency (CBDC) e-rupee. Incentives such as cashback along with reward...

SEC chief Gary Gensler remains resolute in his belief that many digital currencies fall under existing securities regulations, despite significant resistance from the crypto community. This perspective, which emphasizes that cryptocurrency enterprises are bound by the same guidelines as...

Bitcoin (CRYPTO: BTC) is treading on shaky ground despite its recent remarkable ascent, a widely followed crypto analyst has warned, expressing concerns amid the prevailing optimism in the crypto market. In the lead-up to the much-anticipated Benzinga's Future of Digital Assets conference on...

Approximately 4,800 Bitcoin (CRYPTO: BTC), valued at $144 million, were transferred from an account linked to the Abraxas darknet market to a coin mixer. This platform allegedly was scammed in November 2015 and since then, the funds remained untouched. The movement was significant, with the...

Standard Chartered Bank's (OTC: SCBFF) SC Ventures and Deutsche Bank (NYSE: DB) have successfully conducted a Universal Digital Payments Network (UDPN) proof-of-concept, facilitating real-time transactions between USD Coin (CRYPTO: USDC) and EURS stablecoins. In this initiative, SC...

U.S. Rep. Tom Emmer, a Republican from Minnesota and a notable advocate for cryptocurrency-related legislation, recently announced his intention to become the Speaker of the House. This influential position, responsible for orchestrating the House of Representatives legislative...

Crypto exchange FTX announced its intention to refund more than 90% of the funds to its customers. This decision is part of the revised Plan of Reorganization, which is expected to be submitted by Dec. 16, 2023. If the plan gains approval from the bankruptcy court, distributions could...

SkyBridge Capital's Anthony Scaramucci remains optimistic about Bitcoin's (CRYPTO: BTC) potential, projecting a staggering 2,662% rise from its present valuation of approximately $543 billion. Speaking on the OPTO - Invest in Innovation podcast, Scaramucci said Bitcoin...