Mike

Mike is the cofounder of VirtualAssets.com.

👾 Mike's Articles

Virtual Assets Take Center Stage in the 2024 U.S. Presidential Election

Virtual Assets Take Center Stage in the 2024 U.S. Presidential Election

June 24, 2024 US Politics Virtual Assets

As the 2024 U.S. presidential election approaches, virtual assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs) are becoming increasingly influential in both the financial sector and political spheres. This surge in relevance reflects broader trends of digital transformation and shifts in regulatory landscapes across various jurisdictions, with

South Korea Regulating Top NFT Collections as Virtual Assets

South Korea Regulating Top NFT Collections as Virtual Assets

June 12, 2024 South Korea Virtual Assets NFTs

South Korea's Financial Services Commission (FSC) has issued new guidelines to regulate non-fungible tokens (NFTs) as virtual assets under certain conditions, providing much-needed clarity in the rapidly evolving crypto and digital asset space. The move comes ahead of the nation's first comprehensive crypto regulatory framework, the

Robinhood Expands Crypto Reach with $200M Bitstamp Purchase

Robinhood Expands Crypto Reach with $200M Bitstamp Purchase

June 7, 2024 Robinhood Virtual Assets Cryptocurrency

Robinhood Markets Inc (NASDAQ:HOOD) announced on Thursday its plans to acquire Bitstamp, one of the oldest and most established cryptocurrency exchanges, for $200 million in an all-cash deal. The acquisition is slated to close in the first half of 2025. Acquisition Details The acquisition will provide Robinhood with access

Hong Kong Advances Virtual Assets Regulation with 11 Exchange Approvals

Hong Kong Advances Virtual Assets Regulation with 11 Exchange Approvals

June 6, 2024 Hong Kong Virtual Assets Web3

Hong Kong has been making significant strides in establishing itself as a global hub for virtual assets and Web3 technologies. However, the city's regulatory landscape has been a topic of much discussion, particularly in light of recent developments surrounding the licensing of cryptocurrency exchanges. Over the past week,

Berkshire Hathaway Stock Price Glitch Highlights Advantages of Blockchain and Cryptocurrencies

Berkshire Hathaway Stock Price Glitch Highlights Advantages of Blockchain and Cryptocurrencies

June 3, 2024 Blockchain Cryptocurrency Decentralized

On Monday, June 3, 2024, a technical glitch at the New York Stock Exchange (NYSE) caused a dramatic drop in the stock price of Warren Buffett's Berkshire Hathaway Inc. The company's Class A shares (BRK.A) plummeted by nearly 100%, from over $620,000 to just

BlackRock's Bitcoin ETF Surpasses Grayscale to Become World's Largest

BlackRock's Bitcoin ETF Surpasses Grayscale to Become World's Largest

May 30, 2024 Bitcoin Bitcoin ETF BlackRock

BlackRock's iShares Bitcoin Trust (IBIT) has become the world's largest bitcoin fund, amassing nearly $20 billion US in assets since its U.S. listing in January, surpassing the long-standing leader Grayscale Bitcoin Trust (GBTC). As of May 30, 2024, IBIT held $19.68 billion worth of

PayPal Expands PYUSD Stablecoin to Solana Blockchain for Faster, Cheaper Transactions

PayPal Expands PYUSD Stablecoin to Solana Blockchain for Faster, Cheaper Transactions

May 29, 2024 Stablecoin PayPal PYUSD

PayPal has announced the expansion of its PayPal USD (PYUSD) stablecoin to the Solana blockchain. The online payments giant, which became the first major financial company to introduce a stablecoin in August 2023, aims to provide users with faster and more cost-effective transactions by leveraging Solana's high-speed, low-cost

Ether ETFs Edge Closer to Approval in the US

Ether ETFs Edge Closer to Approval in the US

May 28, 2024 US Ether ETFs Ethereum ETF

Ether ETFs are inching closer to approval in the US, following the SEC's green light for proposals to list exchange-traded funds tied to the second-largest virtual asset by market capitalization. Spot Bitcoin ETFs were approved earlier this year and have seen massive inflows. The cryptocurrency industry is closely

FIT21 Act Clears US House With Bipartisan Support, Redefines Crypto Rules

FIT21 Act Clears US House With Bipartisan Support, Redefines Crypto Rules

May 23, 2024 US Regulation Cryptocurrency

The United States House of Representatives has passed the Financial Innovation and Technology for the 21st Century Act (FIT21), a comprehensive bill aimed at regulating the cryptocurrency and blockchain industry. The legislation, which received bipartisan support, sets clear legislative boundaries for virtual assets and establishes regulatory requirements for entities operating

DTCC Embraces Tokenization and Blockchain for Capital Markets Transformation

DTCC Embraces Tokenization and Blockchain for Capital Markets Transformation

May 20, 2024 DTCC Tokenization Virtual Assets

In the heart of the global financial system, a little-known giant of the financial industry ensures the seamless flow of trillions of dollars worth of transactions every single day. This behemoth is the Depository Trust & Clearing Corporation, or DTCC for short. Despite its crucial role in keeping the gears

Crypto Takes Center Stage in US Election

Crypto Takes Center Stage in US Election

May 17, 2024 US Cryptocurrency Regulation

Over the past week, there have been several significant developments related to cryptocurrency regulation in the United States. Lawmakers, regulators, and industry participants have been actively engaged in discussions and actions that could shape the future of the virtual asset space. And for the first time, crypto regulation is becoming

Dubai's VARA Marks Two Years as World's First Virtual Asset Regulator

Dubai's VARA Marks Two Years as World's First Virtual Asset Regulator

May 16, 2024 Dubai VARA UAE

Dubai's Virtual Assets Regulatory Authority (VARA), established in March 2022 under Law No. 4, recently celebrated its two-year anniversary as the world's first dedicated virtual asset regulator. Over this period, VARA has played a crucial role in shaping Dubai's legal framework for virtual assets,