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Hong Kong Exchanges Enhance Security Measures and Seek Altcoin Listings, The Block Receives $60 Million Investment, Chinese Court Rules Against Crypto Protection, Philippines to Issue Tokenized Bonds

Hong Kong-based crypto exchange Hashkey has introduced insurance coverage for its clients’ assets stored in hot and cold wallets. The policy will cover 50% of assets in cold wallets and 100% of assets in hot wallets, with a potential payout of $50 million to $400 million in the event of a claim. Hashkey is also […]

Philippines Introduces Tokenized Treasury Bonds, Paving the Way for Digital Finance Era

The Philippines is making a significant move towards a digital era in finance by introducing tokenized treasury bonds. The Bureau of the Treasury plans to offer 10 billion pesos (approximately $179 million) in one-year tokenized bonds to institutional buyers. These bonds, issued by state-owned institutions, will have a minimum denomination of 10 million pesos and […]

South Korean Politician Agrees to Liquidate Bitcoin Holdings Amid Conflict of Interest Allegations

Representative Kim Nam-Kuk, a lawyer and politician from South Korea, has agreed to sell his cryptocurrency assets in response to allegations of improprieties and a conflict of interest. The decision comes as Kim faces an investigation regarding the withdrawal of $4.5 million worth of WEMIX tokens. The Financial Intelligence Unit (FIU) of the Financial Services […]

Developer of Mutant Ape Planet NFT Collection Pleads Guilty to $3 Million Fraud

A French citizen residing in the United Arab Emirates, Aurelien Michel, has pleaded guilty to charges of conspiracy to commit wire fraud in connection with his Mutant Ape Planet non-fungible token (NFT) collection. Michel was arrested earlier this year at JFK Airport in New York by Homeland Security Investigation agents. The charges stem from accusations […]

Tether Plans $500 Million Investment in Bitcoin Mining Operations

Tether Holdings Ltd, the stablecoin giant, is planning to invest $500 million into Bitcoin mining operations. This move marks a significant diversification of Tether’s core business and could have a major impact on the competitive mining sector. Tether’s strong financial position, with a cash surplus of $3.2 billion, enables the company to undertake such a […]

CoinShares Expands into US Market with Valkyrie ETF Acquisition

CoinShares, a major European asset manager, has secured an exclusive option to acquire Valkyrie’s crypto-focused exchange-traded funds (ETFs) by March 31, 2024. This deal allows CoinShares to purchase 100% of Valkyrie Funds from Valkyrie Investments, including all associated rights with the Valkyrie Bitcoin Fund and any other unlaunched ETFs held by Valkyrie Investments. As part […]

Presidential Candidate Ramaswamy Vows to Roll Back Crypto Regulations and Reduce SEC Powers

Republican presidential candidate Vivek Ramaswamy has unveiled his cryptocurrency policy framework, promising to dismantle federal regulations and reduce the workforce of regulatory bodies like the SEC and the CFTC if elected. Ramaswamy’s plan, called the ‘Three Freedoms of Crypto,’ advocates for a 75% reduction in the federal workforce, including the SEC, with the aim of […]

Texas and Alabama Regulators Accuse GS Partners of Fraud in Metaverse Crypto Schemes

Securities regulators in Texas and Alabama have accused GS Partners, Swiss Valorem Bank, and related entities controlled by Josip Heit of fraudulently raising millions from investors in multiple crypto schemes. The Texas State Securities Board issued an emergency cease and desist order against GS Partners, while the Alabama Securities Commission filed its own order targeting […]

BlackRock Files Registration Statement for Ethereum ETF with SEC

The Securities and Exchange Commission (SEC) has received a registration statement from BlackRock for an exchange-traded fund (ETF) that will hold ETH, the native token of the Ethereum network. The iShares Ethereum Trust, structured as a Delaware statutory trust, will hold ETH as its primary asset and issue shares to investors that will be listed […]

BlackRock Files S-1 for Ethereum ETF, Aims to Expand Crypto Offerings

BlackRock, the world’s largest asset manager, has filed a registration statement and prospectus with the Securities and Exchange Commission (SEC) for an Ethereum-based exchange-traded fund (ETF). The proposed ETF, called the iShares Ethereum Trust, will directly hold Ethereum and track its price before fees and expenses. The ETF’s net asset value (NAV) will be calculated […]