The U.S. Securities and Exchange Commission (SEC) refused to approve a Fidelity spot bitcoin exchange-traded fund (ETF), adding to the list of rejected applications. Rejection of Fidelity’s Wise Origin Bitcoin Trust on Thursday comes just seven days after the SEC threw out a spot bitcoin ETF application filed by investment advisory firm First Trust and […]

The Diem Association, the Meta Platforms-led enterprise that was looking to issue a new, user friendly stablecoin, is selling its technology to Silvergate Capital for $200 million, The Wall Street Journal reported, citing an unnamed source. The California bank, which serves blockchain companies, had already agreed last year to partner with Diem in launching a […]

Blockchain technology stands to revolutionize a wide range of industries, and many companies are eager to move their operations on-chain. According to a survey from consultancy Deloitte, 78% of companies believe there is a compelling use case for blockchain technology within their organization, and 73% of them agree they stand to lose their competitive advantage […]

Meet Tether’s new accounting firm, same as Tether’s old accounting firm. U.K.-based mid-tier firm MHA MacIntyre Hudson, announced Jan. 14 its Cayman Islands office, MHA Cayman, now handles the clients of the Cayman-based Moore Cayman firm, Tether’s accountant. As far as Tether’s relationship with its accountant is concerned, the change should be insignificant “other than […]