The approval of United States spot Ether exchange-traded funds (ETF) will depend on how quickly issuers can respond to comments from the Securities and Exchange Commission, says chairman Gary Gensler. Gensler’s comments appear to put the onus for approvals on issuers and indicate the SEC will not drag the process out as some feared. On May…

Cryptocurrency exchange Coinbase is launching a smart wallet. The new Coinbase Wallet will offer users greater convenience through onboarding, eliminating gas fees and making recovery phrases unnecessary. Smart wallets overcome complexity The smart wallet will allow users to create a new wallet and onboard onto a blockchain without downloading a new app or receiving a…

The board of directors of the Central Bank of the United Arab Emirates (CBUAE) approved the issuance of a new system to oversee and license stablecoins. In a meeting in Abu Dhabi, the board reportedly discussed projects under the government’s financial infrastructure transformation (FIT) program. The initiative aims to boost digital transactions, advance the country’s…

The United States securities regulator’s decision to approve the spot Ether (ETH) exchange-traded funds may not have been a last-minute decision driven by political pressure, according to analysts at research and brokerage firm Bernstein. One of the leading theories behind the Securities and Exchange Commission’s sudden change in tone toward spot Ether ETFs in May was increased political…

Half of Germans in a recent survey said they could see themselves using the digital euro despite many not having heard of it or knowing exactly what it is. Deutsche Bundesbank’s survey of 2,012 people published on June 4 saw 50% say they could either “definitely” or “probably” imagine using the digital euro — the European Central Bank’s pilot…

Galaxy Digital has released a report showing that Ethereum’s decentralized governance is steered by off-chain voting rather than on-chain Ether (ETH) holder voting. Christine Kim, vice president of Galaxy Digital’s research team, released the report on June 3. It reveals multiple stakeholders who hold the keys to Ethereum’s governance. Speaking with Cointelegraph on the risks of not…