Sahil Thakur

India FIU Our Crypto Talk

India’s FIU receives resume request from four exchanges

The Financial Intelligence Unit-India (FIU-India), responsible for analyzing suspicious financial transactions, has received requests from four more offshore crypto exchanges to resume operations in India, according to a senior government official. At the start of 2024, India had banned nine crypto exchanges for non-compliance with anti-money laundering laws. The FIU lifted the ban on Kucoin …

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Cardano community to have $681M Treasury

Cardano’s much anticipated Chang hardfork is around the corner and this will mean that the Cardano community will be handed a $681M treasury. Source: TapTools The entirety of Cardano’s treasury though comprises of only $ADA and is currently the 8th largest in the industry, with Uniswap’s $4.05B being the highest. Cardano’s treasury, funded by transaction …

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Ethereum ETFs

Ethereum ETFs to launch this summer: Gary Gensler

During a Thursday hearing by the Senate Appropriations Subcommittee on Financial Services, US Securities and Exchange Commission Chair Gary Gensler informed Senator Bill Hagerty (R-TN) that he anticipates the agency will approve S-1 forms for spot Ethereum exchange-traded funds (ETFs) “sometime over the course of this summer.” The SEC approved issuers’ 19b-4 filings on May …

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Taiwan creates crypto industry association

Taiwan has formally launched a crypto industry association under government oversight. This initiative represents a proactive effort to regulate the crypto sector, creating a structured framework that encourages innovation while ensuring security. The creation of the association demonstrates the government’s dedication to developing robust regulations that tackle the unique challenges and opportunities posed by cryptocurrencies. …

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Biden crypto

President Biden to accept crypto payments ?

Coinbase Commerce, the payment service which allows merchants to accept cryptocurrencies is already being used by Donald Trump’s team to accept donations for his election campaign. Considering Biden has always been resistant towards crypto, this move comes as a bit of a surprise Pro-crypto donors are increasingly mobilizing, drawing the interest of political candidates from …

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US ETF outflow Our Crypto Talk

US Bitcoin ETFs see first day of outflows after 4 weeks

Data from Farside Investors reveals that U.S. spot BTC ETFs experienced net outflows of $64.9 million on June 10, breaking their four-week winning streak. Grayscale Bitcoin Trust (GBTC) was the largest contributor to this trend, with outflows amounting to $39.5 million. The total net inflows of U.S. spot BTC ETFs have exceeded $15.6 billion. This …

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