The collaboration between TMTG and Crypto.com is a bold move into the financial sector. The two companies have signed a non-binding agreement to develop a series of exchange-traded funds (ETFs) by the end of 2025.
Investor confidence has also been affected by recent economic reports. The University of Michigan’s latest survey showed consumer sentiment dropping to its lowest level since November 2022.
With this approval, Ripple can now assist financial institutions in the UAE that want to use blockchain technology to make payments faster, cheaper, and more transparent.
Crypto Regulation, Cryptocurrency
New OCC guidelines make it easier for banks in the US to enter crypto space
National banks and federal savings associations no longer need to go through an approval process before offering crypto custody services.
Over the past few weeks, the regulatory agency has also dropped cases against Coinbase, Uniswap Labs, Robinhood Crypto, OpenSea, and others.
The two hardest-hit funds were Fidelity’s Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT). FBTC lost $344.65 million, while IBIT saw an outflow of $164.3 million.
Despite the enormous volume of withdrawals, Bybit’s operations continued smoothly, and the exchange successfully processed transactions without any major disruptions.
For over a year, Coinbase has been fighting a lawsuit from the SEC, which claimed that the exchange was selling digital assets that should be considered securities.
FTX’s repayment plan was approved by a US court in October 2024. Under this plan, 98% of creditors will receive at least 118% of the amount they lost, but the repayments are being made in US dollars, not cryptocurrency.
Crypto Regulation, Cryptocurrency
LIBRA token collapse: Argentine President under fraud investigation
The scandal took a serious turn on 17 February when a group of Argentine lawyers filed a criminal complaint with the US Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI).
