This week saw a number of developments in the cryptocurrency space. Valkyrie Investment Group announced that it will start offering exposure to Ether futures in the coming days, allowing investors access to Ether and Bitcoin futures “under one wrapper”. Asset manager VanEck also disclosed its upcoming Ethereum Strategy ETF, which will be listed on the […]
Crypto.com, PayPal, and Paxos have joined forces to create a platform for PayPal USD (PYUSD) exchange. This collaboration is aimed at increasing cryptocurrency accessibility and advancing digital commerce. Joe Anzures, SVP and GM, Americas and Global Head of Payment Partnerships at Crypto.com, expressed his enthusiasm for the venture. He believes that this partnership will help […]
John Deaton, a prominent securities attorney, was recently honored with the inaugural Defender of Freedom Award by the International Crypto Business Law Association (ICBLA). This award recognizes Deaton’s bold strategy that enabled digital asset owners to challenge SEC enforcement actions. His significant contribution in the SEC v. Ripple case showcased the power of collective community […]
Bitwise Asset Management has announced that trading for two Ethereum-focused ETFs, the Bitwise Ethereum Strategy ETF ($AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF ($BTOP), will commence on October 2, 2023. This decision comes after the firm amended its application for the spot Bitcoin ETF. According to the firm’s Chief Investment Officer, […]
The meme coin market has seen a staggering cumulative trading volume of over $36 billion between 2020 and today, and is currently commanding roughly 1.5% of the entire crypto market cap. Enter the Memeinator, a new combatant on a mission to cleanse the landscape by eradicating weak and futile meme coins — all while aiming […]
CoinShares, a European cryptocurrency investment firm, is optimistic about the regulatory climate in the United States as it enters the new market. On Sept. 22, CoinShares officially announced the launch of its new division, CoinShares Hedge Fund Solutions, which marks the first time the firm has offered its services to qualified U.S. investors. CoinShares’ entrance […]
The European Commission has taken the initiative to commission a study aimed at developing a comprehensive methodology to reduce the environmental impact of crypto-assets. The Commission’s call for proposals explicitly addresses the need for innovative solutions to minimize the carbon footprint of cryptocurrencies. The Commission has allocated approximately 800,000 euros for this study, which is […]
The United States Securities and Exchange Commission (SEC) has delayed reviewing Bitcoin ETF applications from major financial firms, including BlackRock, Valkyrie, Invesco, and Bitwise. Analysts suggest this postponement is due to the impending risk of a U.S. government shutdown on Oct.1.The competition to launch a spot Bitcoin ETF in the United States has attracted much […]
An unnamed individual in China was fined 1.06 million Yuan ($144,907) for using a virtual private network (VPN) to access restricted websites as part of a remote work routine for a foreign employer. Chinese law prohibits the use of VPNs to bypass the country’s “Great Firewall” that blocks popular sites such as Google, Wikipedia, and […]
The World Federation of Exchanges (WFE) recently released a paper that discussed the potential for crypto-asset trading platforms (CTPs) to play a larger role in the “real” economy and society. The WFE suggested six principles for regulating CTPs, including segregating functions to avoid trading against customers. It also encouraged the integration of distributed ledger technology […]
