Author: NBTC
The updated filing expands on Bitwise’s earlier submission, covering custody, basket creation, and contingency plans amid XRP’s regulatory uncertainty. Key Takeaways Bitwise revises its XRP ETF filing, enhancing custody and trading structures. SEC’s decision on Ripple appeal crucial for Bitwise XRP ETF’s future. Bitwise has updated its submission for launching an XRP-based ETF by revising its S-1 registration with the SEC with a new filing released today. The latest filing refines the details of the Trust’s structure, custody arrangements, and the mechanisms for creation and redemption of shares. This submission follows the initial S-1 form filed on October 2, which…
The Senate Banking Committee postponed its vote on Caroline Crenshaw’s renomination to the SEC, raising doubts about her future at the agency. With time running out on the congressional calendar, the delay could lead to big changes at the SEC. What caused this holdup, and what happens if her term ends? The Vote That Didn’t Happen The committee was supposed to vote on December 11, 2024, to decide whether Crenshaw would get another term. But at the last minute, Senator Sherrod Brown, the committee’s chair, called off the meeting. No real explanation was given. When Brown tried to reschedule for…
Societe Generale said it carried out a blockchain-based repurchase agreement with the Banque de France in what it called the first such tokenized transaction with a euro-zone central bank. The lender’s digital assets-focused subsidiary, SG-Forge, deposited as collateral some bonds issued in 2020 on the public Ethereum blockchain in exchange for central bank digital currency (CBDC) issued by the Banque de France on its DL3S blockchain, it said in a press release. With the European Union’s Markets in Crypto Assets (MiCA) regulatory framework already in place for stablecoin issuers, SG-Forge has maintained a high profile exploring ways to deploy its…
Yesterday, the world was abuzz with news that Google has unveiled a new quantum chip called Willow, which is capable of solving problems that take billions of years for classical supercomputers in just five minutes. This is a huge step forward for quantum computing but raises questions about the security of cryptocurrencies, including Bitcoin (BTC). Why is this important for the major cryptocurrency? Cryptocurrency uses cryptography to secure transactions. Quantum computers, in theory, can crack public keys and compute private ones. The digital signature algorithms that guarantee the integrity of the blockchain could also be vulnerable to quantum attacks. I…
Real-world asset tokenization firm Securitize appointed Michael Sonnenshein, formerly CEO of asset management company Grayscale Investments, as chief operating officer. “There is massive demand for tokenization, and I am thrilled to join Securitize at such a pivotal moment for the company and the industry,” Sonnenshein said in a Thursday statement. His appointment started on Dec. 9. Tokenization is a booming sector at the intersection of digital assets and traditional finance. The process involves representing financial instruments like bonds, credit, commodities and other real-world assets on the blockchain in pursuit of operational efficiency, speedier settlements and cheaper transactions. Securitize is a…
Celestia’s modular blockchain boosts scalability, enabling developers to build custom blockchains without traditional limitations. Chiliz transforms sports fan engagement, offering tokens that let supporters participate in team decisions, deepening fan involvement. MOG Coin thrives on humor and viral content, building a creative, fun-driven community, while redefining the memecoin landscape. The cryptocurrency landscape is buzzing with innovation as projects like Celestia, Chiliz, Ethena, Brett, and MOG lead the charge in reshaping user engagement and community connections. Celestia’s modular architecture empowers developers, while Chiliz transforms fan involvement in sports. Ethena offers a decentralized savings solution, and Brett embodies the vibrant culture of…
Following Gary Gensler’s resignation, Paul Atkins was nominated to take over as the new Chairman of the SEC—the approval of which would mark his return to the Commission after a 17-year hiatus and could mark a drastic change for the crypto industry and digital assets. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. Paul Atkins Returns: A New SEC A current Chief Executive at Patomak Global Partners, Atkins is a veteran of the financial world. Atkins started his career as an attorney on Wall Street in the 1980s before eventually earning the title of…
Web3 wallet Holdstation introduces AI agent platform A(i)gentFi. The platform is dedicated to creating, managing and monetizing AI agents on the ZKsync network. In a blog post published on Dec. 12, the ZKsync-based DeFi wallet Holdstation announced its plans to bring more artificial intelligence agents into the blockchain with the launch of its new AI agent hub A(i)gentFi and a $2 million grant aimed at accelerating AI innovation in the blockchain. The firm described A(i)gentFi as a “one-stop shop on ZKsync dedicated to the creation and development of AI agents.” AI agents are AI-powered entities that are able to execute…
Robert Kiyosaki, a Bitcoin investor, entrepreneur, and the author of the best-selling book on increasing personal wealth “Rich Dad Poor Dad”, has again predicted a big crash to come in the near future, urging his followers to buy Bitcoin before it happens. In his tweet, Kiyosaki mostly addressed those who were born in the Baby Boomer generation, like him, since Bitcoin is a completely new and mind-boggling asset for them. “The biggest crash in history is coming. Buy Bitcoin” Robert Kiyosaki addressed boomers with an important warning, saying that he expects several fundamental markets to crash in the near future…
Bloomberg has shared a 25-name list of the wealthiest families in 2024, showcasing familiar names like the Walton family and new entries such as Ofer and Thailand’s Chearavanont. The top family is reportedly valued at $406.5 billion, while the 25th name on the list has a wealth of $37.4 billion. According to Bloomberg’s list, The Walton family is at the forefront of the wealth rankings, with a staggering $172.7 billion boost in 2024, thanks to a surge in Walmart stock. The Waltons have a combined net worth of over $400 billion. Owning 46% of the retail giant, the family’s heirs…