In a move to further expand its US licensing portfolio, Ripple has acquired digital asset custodian Fortress Trust. The organization’s expertise in security and regulatory compliance will prove invaluable to Ripple’s future US-based initiatives.
Valkyrie CIO Karl Lo, predicted that the first US Bitcoin Exchange-Traded Fund (ETF) could be approved as early as 1st Quarter of 2024. Lo cited Bitcoin’s maturation “as a more legitimate asset class” as an important factor in reaching this milestone.
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After gaining significant momentum earlier this year, US presidential hopeful Francis Suarez has suspended his campaign citing a lack of resources. The pro-Bitcoin candidate suffered an early exit from the race for the White House.
Bloomberg Intelligence analysts have stated that a Bitcoin ETF could launch this week in the U.S., potentially providing a much-anticipated boost to the crypto market. Analysts are optimistic that regulatory approval could pave the way for investors of all levels to participate in the Bitcoin market.
Crypto enthusiasts have given a cool reception to a new U.S. federal tax plan which seeks to tax capital gains from investment in cryptocurrency. The proposed reforms have been met with a chorus of opposition from the cryptocurrency community.
The global cryptocurrency market has been on the edge of its seat, waiting to hear the final word on a Bitcoin Exchange-traded Fund (ETF). After the approval of Bitcoin ETFs in Europe recently, the discussion of a similar possibility in the US is gaining traction.
With the upcoming US election and hotly contested debates, questions have been raised about ChatGPT’s political bias. Research suggests it is leaning toward left-wing opinions in both the US and beyond.
Data from July shows a major shift in the crypto landscape, with Kraken leapfrogging Coinbase in altcoin liquidity, dethroning the incumbent as the US’s most liquid altcoin exchange.
Coinbase CEO Brian Armstrong has said that moving the business out of the US is not an option due to its “large, growing, [and] engaged” customer base there. He noted that the company is continuing to work on crypto-friendly regulations in the US.