Fun

News Feed - 2023-10-03 04:10:00

David Attlee5 hours agoSEC continues to delay decisions on crypto ETFs: Law DecodedThe latest delays came two weeks before the second deadline for many applicants.1483 Total views22 Total sharesListen to article 0:00NewsletterJoin us on social networksDespite United States Representatives Mike Flood, Wiley Nickel, Tom Emmer and Ritchie Torres calling on the Securities and Exchange Commission (SEC) to immediately approve the listing of spot Bitcoin (BTC) exchange-traded funds (ETFs), the agency once again delayed its decision. 


When it comes to spot Ether (ETH) ETFs from VanEck and ARK 21Shares, the SEC delayed making decisions until Dec. 25 and Jan. 10, respectively, while GlobalX will have to wait until Nov. 21 for the commission’s decision. It also delayed deciding on the spot Bitcoin ETF applications of Invesco, Bitwise and Valkyrie until mid-January.


The latest delays came two weeks earlier than the scheduled second deadline date for many applicants, who had been expecting to hear from the securities regulator by Oct. 16–19. The timing of the delays may have been related to the narrowly avoided U.S. government shutdown, which would have disrupted the country’s financial regulators and other federal agencies.


Bitwise Asset Management reacted to the delay of its spot Bitcoin ETF with an amended application, responding to the SEC’s objections to the product. In its amended application, Bitwise engaged with what the SEC called “the ‘mixed’ or ‘inconclusive’ academic record” on the lead-lag relationship between BTC futures and spot markets.Another Chinese court recognized Bitcoin as property 


The Shanghai No.2 Intermediate People’s Court in China has recognized Bitcoin as a unique and non-replicable digital asset while acknowledging its scarcity and inherent value. According to the court’s report, digital currencies such as Bitcoin stand out as unique and non-replicable internet technology products. The report states that among a sea of digital currencies, Bitcoin is different and unique from other digital assets. It has key currency features such as scalability, ease of circulation, storage and payment. 


Continue readingTaiwan bans unregistered foreign crypto exchanges


Taiwan’s Financial Supervisory Commission (FSC) formulated the critical points for regulating Taiwan’s cryptocurrency market, releasing industry guidelines for virtual asset service providers (VASP) operating in the country. In the guidelines, the authority mentioned standard industry-wide rules like separating exchange treasury assets from customer assets and reviewing mechanisms for listing and delisting virtual assets.


The FSC also required foreign VASPs to refrain from providing their services in Taiwan without obtaining necessary approvals from the regulator: Overseas virtual asset platform operators are not allowed to provide business within the territory of the country [...] unless they have been registered in accordance with the law.”


Continue readingHong Kong will list “suspicious” crypto platforms


The Securities and Futures Commission (SFC) of Hong Kong will publish a list of all licensed, deemed licensed, closing down, and application-pending virtual asset trading platforms (VATPs) to better help members of the public identify potentially unregulated VATPs doing business in Hong Kong. The SFC said it will also keep a dedicated list of “suspicious VATPs,” featured in an easily accessible and prominent part of the regulators’ website.


The new rules come immediately after the ongoing JPEX crypto exchange scandal, an affair that local media outlets describe as one of the worst cases of financial fraud ever to hit the region. JPEX stands accused of promoting its services to Hong Kong residents despite not having applied for a license in the country.


Continue reading# Bitcoin# Hong Kong# China# SEC# ETF# Taiwan# USA# RegulationAdd reactionAdd reactionRead moreHow to track and report crypto transactions for tax purposesBitcoin ETFs: A $600B tipping point for cryptoExpect new crypto regulations to follow Bitcoin ETFs

News Feed

Nvidia delays next gen AI chip as investors issue ‘bubble’ warning
Tristan Greene7 hours agoNvidia delays next gen AI chip as investors issue ‘bubble’ warningAfter briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’
Jesse Coghlan3 hours agoAustralia’s Bendigo Bank blocks high-risk payments to crypto exchangesChainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated
Brazilian Federal Police Launch Operation Colossus, 6 Cryptocurrency Exchanges Involved
Brazilian Federal Police Launch Operation Colossus, 6 Cryptocurrency Exchanges Involved The Brazilian Federal Police and the Brazilian tax authority have launched the final stage o
Media Draws Attention to Sam Bankman-Fried’s 2 Visits While on House Arrest
Media Draws Attention to Sam Bankman-Fried’s 2 Visits While on House Arrest After FTX co-founder Sam Bankman-Fried (SBF) was released on bail and traveled to his parent’s h
Shark Tank Star Kevin O’Leary Says Most Crypto Tokens Are Worthless — ‘They’ll Eventually Just Go to Zero’
Shark Tank Star Kevin O"Leary Says Most Crypto Tokens Are Worthless — "They"ll Eventually Just Go to Zero" Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says that most
Former Cumberland and Circle Traders Pool Money for Crypto Prop Trading
Dan Matuszewski remembers the early days of cryptocurrency trading, just a handful of years ago. It wasn’t the possibility of a market correction that worried him. It was the risk that the whole business might disa
Prashant Jha10 hours ago3 Satoshi-era Bitcoin wallets transfer $230M in BTC after 6-year dormancyDuring 2023, several Satoshi-era Bitcoin wallets have risen from dormancy to transfer their BTC to a new address.5275 Total
ADALend: New Wave of DeFi Loans on Cardano
ADALend: New Wave of DeFi Loans on Cardano sponsored ADALend is building a scalable and decentralized lending protocol on Cardano, governed by the community. Cardano is the market l
Japanese Telecom Giant NTT Docomo Launches $412 Million Metaverse Unit
Japanese Telecom Giant NTT Docomo Launches $412 Million Metaverse Unit NTT Docomo, the largest telecom carrier in Japan, has launched a new division that will be dedicated to direc
Grayscale Bitcoin ETF takes the slow train to recoup $17.4B outflows
Arijit Sarkar40 minutes agoGrayscale Bitcoin ETF takes the slow train to recoup $17.4B outflowsGBTC has recorded inflows for two consecutive days — bringing its total inflows to $66.9 million.296 Total views1 Total sha
Robinhood says its 24-hour trading ‘currently operating’
Helen Partz9 hours agoRobinhood says its 24-hour trading ‘currently operating’Introduced in May 2023, the Robinhood 24-hour market service allows customers to invest on their own schedule.3332 Total views30 Total sha
Best Altcoins to Buy Now as Contracting Supply Set to Push Bitcoin past $200K by the End of 2025
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu