The implementation of the Financial Innovation and Technology for the 21st Century Act (FIT21) is expected to be a lengthy process, potentially taking several months or even years for coordination between regulators in the United States prior to the enforcement of the rules.
Israel is looking to accelerate the development of its national digital currency, the digital shekel, through a collaboration with various service providers.
Crypto Exchange Gemini has initiated the reimbursement process for users of its defunct lending program, Earn.
Investment manager Hashdex has withdrawn its application for a proposed spot Ether exchange-traded fund (ETF).
In the May 18 to May 24 period, cryptocurrency investment products experienced a significant inflow of $1.05 billion, marking the third consecutive week of positive trend, as reported by CoinShares.
Bernstein forecasts that the total value of exchange-traded funds based on Bitcoin and Ethereum will reach $450 billion within the next two years.
In the first quarter of this year, BlackRock’s income and bond-focused funds purchased shares of the company’s own Bitcoin exchange-traded fund (ETF), according to regulatory filings.
