In a groundbreaking move, the Monetary Authority of Singapore (MAS) has formed an alliance with esteemed financial regulatory bodies from around the world, including the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the UK Financial Conduct Authority (FCA). Together, they aim to lead pioneering pilot initiatives in the […]
Digital asset manager Valkyrie Investments has filed an updated spot Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The Valkyrie Bitcoin Fund aims to offer investors the opportunity to invest in common shares backed by Bitcoin. The shares will be traded under the ticker symbol “BRRR” on the Nasdaq Stock Market. […]
Scott Johnsson, a notable attorney from Davis Polk, has drawn attention to a closed-door meeting scheduled for November 2, which could potentially shed light on the approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). The meeting, which is not open to the public, will focus on resolving litigation claims […]
The Hong Kong Monetary Authority (HKMA) has completed the first phase of its e-HKD pilot program, which aims to assess the viability of a central bank digital currency (CBDC). The program focuses on six areas, including payments, tokenization, and settlement of digital assets. The findings of the trial highlighted the potential benefits of programmability, tokenization, […]
Today marks the 15th anniversary of the release of the Bitcoin white paper by Satoshi Nakamoto. This groundbreaking document proposed a decentralized electronic cash system that could solve the issue of double spending in digital currency. Satoshi’s creation was influenced by previous developments in cryptography and e-money, such as Wei Dai’s b-money concept. Bitcoin introduced […]
Asset management firm VanEck has amended its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC). The amended filing reveals a unique seeding method, where the ETF will be seeded with Bitcoin. This approach differs from the seeding method used by competitor BlackRock. The filing states that an unnamed investor […]
Bitget, a prominent cryptocurrency derivatives and copy trading platform, has recently announced its plans to list TIA, the native cryptocurrency of Celestia’s blockchain ecosystem. This move positions Bitget as one of the first centralized exchanges to support TIA. By listing TIA, Bitget aims to provide its users with the opportunity to explore the potential of […]
The Monetary Authority of Singapore (MAS) has announced its plans to collaborate with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United Kingdom’s Financial Conduct Authority (FCA) to promote joint digital asset pilots. This initiative is an extension of Singapore’s ongoing asset tokenization project, known as Project […]
Zodia Custody, a crypto custody platform co-owned by Standard Chartered, SBI Holdings, and Northern Trust, has expanded its services to Hong Kong. This move comes in response to the increasing demand for crypto custody solutions from institutions in Hong Kong. Zodia CEO Julian Sawyer attributes the expansion to Hong Kong’s crypto-friendly stance and the government’s […]
Elon Musk, the owner of X (formerly known as Twitter), recently revealed new details about the company’s planned payment services. During an all-hands staff meeting, Musk stated that the app will cover almost all areas of finance, including money, securities, and more. He emphasized that X aims to be more than just a platform for […]
