Tag: Report

Judge Refuses To Dismiss Coinbase Class Action Lawsuit, Says Exchange Must Face Complaint in New York: Report

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A federal judge is reportedly ruling that top US-based crypto exchange Coinbase must face a class action lawsuit in New York. According to a new report from Reuters, Paul Engelmayer, a judge for the Southern District of New York, is rejecting Coinbase’s argument that it did not qualify as a “statutory seller” to dismiss a lawsuit that alleges the firm illegally sold securities in the form of digital assets to customers without being registered as a broker-dealer. Engelmayer says that Coinbase’s claim was invalid because it never passed title to…

Receipts Depositary explores XRP-backed securities: report

Receipts Depositary Corp. (RDC), a startup founded by former Citigroup executives, plans to launch XRP-backed securities, according to CryptoX. The move will allow institutions to access XRP through U.S.-regulated market infrastructure. RDC has not responded to crypto.news’ request for comment. The news comes about a year after RDC announced the launch of the first-ever Bitcoin depositary receipt (BTC DR), bringing institutional-grade Bitcoin ownership into the regulated U.S. securities ecosystem. Modeled after American Depositary Receipts (ADRs), BTC DRs allow qualified institutional buyers, or QIBs, to hold and trade Bitcoin using the…

Bitcoin Taps $100,000 But Fails To Hold Amid Mixed US Jobs Report

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Este artículo también está disponible en español. The US Bureau of Labour Statistics released the January 2025 employment data earlier today, briefly pushing Bitcoin (BTC) to $100,000 before it lost all its gains and tumbled back to the $98,000 price level.  Bitcoin Rises And Falls Amid Mixed Employment Data Bitcoin spiked from approximately $97,200 to a high of $100,110 after the US reported lower-than-expected job growth for January. According to the data, the US added 143,000 jobs last month, falling short of the projected 170,000. For comparison, December 2024 saw…

Report: Japan’s FSA Compels Apple to Act on Unregistered Exchanges as Google Delays

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Nikkei, Japan’s daily business newspaper, reports that it was learned on Feb. 7 that the country’s Financial Services Agency (FSA) has engaged Apple and Google, urging them to remove unregistered crypto exchanges from their respective app stores. Japan’s FSA Directs App Stores to Expunge Unauthorized Crypto Platforms On Friday, it was reported that the FSA […] Source

US-Based Crypto Exchange Gemini Considering IPO Launch Later This Year: Report

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US-based crypto exchange platform Gemini is reportedly mulling over pursuing an initial public offering (IPO) in 2025. According to a new report by Bloomberg, anonymous people familiar with the matter say the billionaire Winklevoss twins’ crypto firm is considering launching an IPO sometime this year. An IPO is when a company sells shares of its own stock to the public for the first time as a means of raising funds. Though the talks are still ongoing, no firm decisions have been made on the matter, the people said, according to…

SEC Officials Instructed to Shrink Cryptocurrency Enforcement Team: Report

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The U.S. Securities and Exchange Commission (SEC) is reportedly downsizing a special unit of more than 50 lawyers and staff members tasked to bring crypto enforcement actions. Citing five people familiar with the matter, The New York Times reports that a leading lawyer in the unit was pulled out from the enforcement division and some were assigned to other departments within the agency. The crypto enforcement unit was created during the first Trump administration but it nearly doubled its size in 2022 under previous SEC chair Gary Gensler, who initiated…

Czech central bank’s Bitcoin reserve plan may take months, exposure cut to under 1%: report

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The Czech central bank is reviewing a Bitcoin reserve plan that may take months, with potential exposure set to be well below the originally suggested, sources say. The Czech central bank’s Bitcoin (BTC) adoption plan may take months to finalize, with exposure expected to be much lower than the initially suggested 5%. Governor Ales Michl first floated the idea in an interview with the Financial Times. The proposal sparked excitement in the crypto space but faced skepticism from policymakers. European Central Bank President Christine Lagarde dismissed it, saying that “reserves…

BlackRock to list Bitcoin ETP in Europe: report

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BlackRock plans to launch its first Bitcoin exchange-traded product in Europe following the success of its $58 billion U.S. Bitcoin ETF. The fund is expected to be domiciled in Switzerland, sources familiar with the matter told Bloomberg.  BlackRock could begin marketing the product as early as this month. Its entry into the European crypto ETP market marks another step in the firm’s growing embrace of digital assets. Exchange-traded products are a category of securities that track the value of one or more underlying assets. ETPs can be traded on regulated…

Cryptocurrency Market to Grow by USD 39.75 Billion (2025-2029), Rising Investment in Digital Assets to Boost Revenue, Report on AI Driving Market Transformation – Technavio

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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global cryptocurrency market  size is estimated to grow by USD 39.75 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  16.7%  during the forecast period. Rising investment in digital assets is driving market growth, with a trend towards acceptance of cryptocurrency by retailers. However, volatility in value of cryptocurrency  poses a challenge. Key market players include AlphaPoint Corp., Binance Holdings Ltd., Bit2Me, Bitfury Group Ltd., Cardano, CEX.IO Corp., Coinbase Global Inc., DOGECOIN, FMR…

Czech central bank eyes holding up to 5% of reserves in Bitcoin: report

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Governor Aleš Michl plans to propose a Bitcoin investment to the Czech National Bank’s board, potentially allocating up to 5% of reserves to the digital asset. Czech National Bank Governor Aleš Michl is making a bold move, one no other Western central bank has taken so far: he wants to put Bitcoin (BTC) in the country’s reserves. If approved, up to 5% of the Czech National Bank’s €140 billion in reserves could be allocated to Bitcoin. Michl plans to present his proposal to the CNB board on Jan. 30, telling…