U.Today helps you keep tabs on the latest industry updates. Discover the four main news of the past day!
Robinhood Executive Comments on Shiba Inu List
During his recent appearance at the WSJ CFO Network Summit, Jason Warnick, Chief Financial Officer of Robin Hood, commented on the Shiba Inu cryptocurrency listing, saying the platform would keep its options open. He added that countless requests to add cryptocurrencies are not lost on Robinhood and that before moving forward with new listings, the company needs more regulatory clarity.
Like reported by U.Today, the price of the Shiba Inu jumped 8% after new Robinhood rumors started spreading on Twitter.
Crypto ban to be enforced by State Bank of Pakistan
Pakistan joined the club of anti-crypto countries, according to local outlet samaa.tv. The State Bank of Pakistan and the federal government of the country have decided to declare the use of cryptocurrencies illegal. One of the reasons for this is that cryptography is used for money laundering and the financing of acts of terrorism. To impose the ban, a legal framework will be created later.
Apart from this, the Pakistani financial authority is conducting an investigation against the Binance exchange. No other details have yet been provided.
Ripple’s top lawyer urges SEC to move case as soon as possible
Yesterday, Ripple’s General Counsel Stuart Alderoty launched a Twitter thread dedicated to Gary Gensler’s recent comments, in which he criticized the SEC chairman, saying that “regulation by enforcement” creates an uneven playing field between winners and losers. Ripple’s top lawyer also accused the SEC of playing the “delay card” and urged the regulator to move the case forward “as quickly as possible.”
At this time, Ripple is awaiting a court ruling on its motion to obtain internal SEC documents that may explain why the SEC gave Ethereum, and not XRP, a break.
India to create its own Bitcoin and Ethereum ETF
As reported by The Economic Times, Torus Kling Blockchain IFSC and India INX have teamed up to deploy the first futures products for Bitcoin and Ethereum. In addition to digital asset-based futures, both companies offer to offer US-listed large-cap discount certificates on Metaverse. This BTC and Ether ETF will be the first futures exchange-traded fund to launch outside of the United States.
As reported by U.Today in December, the Indian government has postponed the finalization of its cryptocurrency ban bill