Brazil Plans to Launch a Crypto Regulatory Framework This Year

Reading Time: < 1 minute The Brazilian Central Bank has announced that it will introduce a regulatory framework for cryptocurrencies by the end of this year.

Michael Sonnenshein Steps Down as CEO of Grayscale

Reading Time: < 1 minute Barry Silbert, the head of Digital Currency Group (DCG), has announced a change in management for the management company, Grayscale Investments.

Genesis Will Return $3B to its Clients

Reading Time: < 1 minute The courts have approved Genesis’ plan to distribute $3 billion in fiat currency and cryptocurrencies to its creditors.

Coinbase Analyst: Ethereum ETFs Will Eventually Be Approved

Reading Time: < 1 minute It seems inevitable that the SEC will eventually approve Ethereum-based spot ETFs, according to David Khan, an analyst at Coinbase.

Inflows into Spot Bitcoin ETFs Make Up for April’s Losses

Reading Time: < 1 minute In May, inflows into spot Bitcoin ETFs have offset the outflows from the previous month, according to a senior analyst at Bloomberg who specializes in exchange-traded funds (ETFs).

Court Approves Genesis Global’s $3B Payout

Reading Time: < 1 minute On May 17, a judge allowed the company to unfreeze and return customer assets that had been locked up since the company suspended withdrawals in November 2022.

JPMorgan: Bitcoin’s Production Cost is $45,000

Reading Time: < 1 minute JPMorgan has revised its central estimate for the cost of Bitcoin production to $45,000 from the prior projection of $42,000.

India Recommends Local Regulators to Monitor Crypto Trading Activities

Reading Time: < 1 minute The Securities and Exchange Board of India (SEBI) has proposed that multiple regulators should be involved in overseeing cryptocurrency trading within the country.

US Senate Votes to Overturn SEC’s Crypto Accounting Policy

Reading Time: < 1 minute The US Senate has joined the House of Representatives in a bid to overturn the Securities and Exchange Commission’s (SEC) controversial crypto policy, known as Staff Accounting Bulletin No. 121 (SAB 121).