Industry
Dogecoin ETF Pushes Crypto Industry to Embrace Speculation
The first US Dogecoin (DOGE) exchange-traded fund (ETF) is set to launch Thursday, dividing industry voices between those calling it a breakthrough for crypto’s community-driven legitimacy and those dismissing it as speculation in a new wrapper. Unlike Bitcoin ETFs approved under the Securities Act of 1933, the Rex-Osprey Dogecoin ETF (DOJE) won approval under the […]
Current Banking Reserve Requirements Holding Crypto Industry Back
Capital requirements for banks from by the Basel Committee on Banking Supervision (BCBS), which crafts banking standards, create a “chokepoint,” designed to throttle the growth of the crypto industry, according to Chris Perkins, president of investment firm CoinFund. The current capital rules lower a bank’s return on equity (ROE), a critical profitability metric in banking, […]
Crypto Set to Become UAE’s Number 2 Industry: Chase Ergen
The crypto sector in the United Arab Emirates (UAE) is on track to become its second-largest industry in the next five years, due to the country’s regulatory policies and attractive business environment, according to Chase Ergen, a board member of publicly traded digital asset investment firm DeFi Technologies. “They have a reputation for leadership, legislation, […]