Bitwise Trust Fund has withdrawn its application for a Bitcoin and Ethereum Market Cap Weight Strategy exchange-traded fund (ETF) from the U.S. Securities and Exchange Commission (SEC). The company stated that no securities of the Fund were sold or will be sold, pursuant to the above-mentioned Post-Effective Amendment to the Trust’s Registration Statement. This move […]
The People’s Court of China has issued a report that clarifies the legal status of virtual currencies in the nation. It states that virtual currency is not classified as an illegal item and is protected by law as legal property. The report suggests a unified strategy that draws upon both criminal and civil law to […]
The U.S. Securities and Exchange Commission (SEC) has delayed the announcement of results for seven leading applicants who want to launch a publicly traded Bitcoin fund (ETF) in the U.S. In seven separate applications, the SEC stated that it needs additional time to review the proposed rule change for the approval of Bitcoin spot ETFs. […]
The U.S. Securities and Exchange Commission (SEC) recently delayed decisions on all Bitcoin (BTC) Exchange Traded Fund (ETF) applications until October. This caused a market-wide pullback, resulting in $130 million in liquidations over the last 24 hours.Prominent firms, such as BlackRock, Valkyrie, WisdomTree, Invesco Galaxy, Bitwise, and Wise Origin, had their applications delayed. Bloomberg analysts […]
OKX, a global cryptocurrency exchange, is planning to enter the Indian market and recruit local employees in order to expand its Web3 applications. According to OKX’s CMO, Haider Rafique, there are currently 200,000 OKX user wallets in India, which is only 5% of India’s Web3 users. The company is looking to build relationships with the […]
DonAlt, a top crypto trader, has revealed his forecast for Bitcoin (BTC) if a hotly anticipated Bitcoin investment product gets the regulatory nod. DonAlt told his 53,000 YouTube subscribers that Bitcoin could rally modestly if a spot BTC exchange-traded fund (ETF) is authorized in the United States. Earlier this week, a U.S. court ruled that […]
The Coinbase vs. United States Securities Exchange Commission (SEC) lawsuit has been backed by the crypto community, digital asset organizations, and lawmakers. A new attorney, Patrick V. Kennedy, has been admitted pro hac vice to represent the Chamber of Digital Commerce as amicus counsel. The Chamber of Digital Commerce is aiming to halt the SEC’s […]
Elon Musk, the CEO of X (formerly known as Twitter), has put an end to the rumors of the development of an “𝕏 coin” to reward creators on the platform. He responded with a “no” to the speculation. This news has been met with disappointment from the cryptocurrency community, particularly Dogecoin supporters, who had hoped […]
Bitwise Asset Management has unexpectedly withdrawn its application for the Bitcoin and Ethereum Market Cap Strategy Ethereum Futures Contracts (ETF) filed with the Securities and Exchange Commission (SEC) on Aug. 3. The ETF was intended to invest in either Bitcoin Futures Contracts or Ethereum Futures Contracts, depending on their relative market capitalization. The withdrawal statement […]
Grayscale Investments recently won a landmark victory over the US Securities and Exchange Commission, which could be a huge turnaround for the entire crypto industry. The SEC had previously rejected the firm’s request to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin offering. A three-judge panel agreed that the denial of Grayscale’s proposal […]
