Kumo
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11 months, 2 weeks agoPotential Complications Ahead for Bitcoin ETF Approval, Says BitGo CEO
BitGo CEO Mike Belshe recently shared his cautious outlook on the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. SEC. While he remains optimistic about the potential approval, he also…
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11 months, 2 weeks agoGerman Lawmaker Advocates for Bitcoin as Legal Tender, Opposes Digital Euro
In a groundbreaking move, German lawmaker Joana Cotar has expressed her support for recognizing Bitcoin as legal tender in Germany. Cotar, a member of the German Bundestag, has launched the “Bitcoin in the B…
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11 months, 2 weeks ago
Fidelity Investments Files for Ethereum Spot ETF with SEC
Fidelity Investments, a multinational financial service corporation, has filed for an Ethereum Spot Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This is the second ETF…
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11 months, 2 weeks agoDeepening Reforms: Industry-Finance Treasury Forum Explores Path to World-Class Enterprises
As industry and finance continue to converge, the construction of treasury systems is becoming increasingly important for companies. This transition from cash management to synergistic growth requires a more…
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11 months, 2 weeks agoFormer Bithumb Chairman Faces Eight-Year Prison Sentence in Cryptocurrency Exchange Governance Scandal
Lee Jeong-hoon, the former chairman of Bithumb, a major cryptocurrency exchange in South Korea, is currently facing a legal battle that could result in an eight-year prison sentence. Prosecutors allege that Lee…
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11 months, 2 weeks agoFidelity Files for Ethereum ETF, Expanding Crypto Offerings in Response to Growing Demand
Fidelity, a major money management company, has filed for the creation of an exchange-traded fund (ETF) focused on Ethereum’s ether (ETH). The proposed Fidelity Ethereum Fund aims to be listed on an exchange o…
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11 months, 2 weeks agoPaxos Receives Approval to Launch US Dollar-Backed Stablecoin in Singapore
Paxos Digital Singapore, a branch of Paxos, has received In-Principle Approval from the Monetary Authority of Singapore (MAS) to launch a US dollar-backed stablecoin in Singapore. This approval allows Paxos to…
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11 months, 2 weeks agoSEC Rumored to Require Cash Creates for Spot Bitcoin ETF Applicants
Bloomberg analyst Eric Balchunas has reported that the Securities and Exchange Commission (SEC) is instructing spot Bitcoin ETF applicants to incorporate cash creates. This means that instead of delivering Bitcoin…
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11 months, 2 weeks agoSEC Extends Decision Period for Global X and Franklin Templeton Bitcoin ETFs
The U.S. Securities and Exchange Commission (SEC) has extended the decision period for two spot Bitcoin Exchange Traded Funds (ETFs). The first filing is for GlobalX’s spot Bitcoin ETF, which was submitted on A…
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11 months, 2 weeks agoFidelity Files for Ethereum ETF, Following BlackRock's Lead
Fidelity Investments has filed for a spot Ethereum exchange-traded fund (ETF), following in the footsteps of its main competitor, BlackRock. The filing with the Securities and Exchange Commission (SEC) outlines…
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11 months, 2 weeks agoStudy Finds Central Bank-Backed Stablecoins Superior to Private Stablecoins
Stablecoins, a type of digital currency pegged to a fiat currency like the USD, are facing challenges in maintaining stability and regulatory control, according to a study by the Bank for International Settlements…
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11 months, 2 weeks agoIncrease in Crypto Scams Targeting Elderly Americans Spurs Legislation
United States Senator Elizabeth Warren has raised concerns about the increasing number of cryptocurrency scams targeting senior citizens. During a Senate hearing, Warren highlighted a 350% rise in crypto investment…
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11 months, 2 weeks agoWisdomTree Submits Amended Prospectus for Bitcoin ETF to SEC
Asset manager WisdomTree has submitted an amended Form S-1 prospectus to the SEC for a spot bitcoin exchange-traded fund (ETF). The proposed WisdomTree Bitcoin Trust would trade on the CBOE BZX Exchange under the…
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11 months, 2 weeks agoComplex Crypto Scam Unveiled: Trio Accused of Defrauding New York Banks of Over $10 Million
Three individuals have been accused of defrauding New York banks of over $10 million in a complex crypto scam. Zhong Shi Gao, Naifeng Xu, and Fei Jiang are alleged to have exploited the financial system between…
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11 months, 2 weeks agoFormer Bithumb Chairman Faces Eight-Year Prison Sentence in $85 Million Fraud Case
In a high-profile case in South Korea’s cryptocurrency market, prosecutors have requested an eight-year prison term for Lee Jung-hoon, the former chairman of Bithumb, the country’s second-largest crypto exc…
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11 months, 2 weeks agoGlobal Securities Regulators Advocate for Global Oversight of Digital Assets with New Policy Recommendations
Global securities regulators are advocating for increased oversight of digital assets worldwide. The International Organization of Securities Commissions (IOSCO) has put forth 18 new policy recommendations aimed at…
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11 months, 2 weeks agoWisdomTree Files Amended Prospectus for Bitcoin ETF with SEC
WisdomTree, a global ETF provider, has filed an amended S-1 form with the SEC for a spot Bitcoin ETF. This comes after the company refiled its application in June 2023, proposing a rule change to list and trade…
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11 months, 2 weeks agoMastercard's CBDC Partner Program Gains Momentum as Adoption Challenges Persist
Mastercard, a leading payments company, believes that customers are too comfortable with traditional forms of money to readily adopt Central Bank Digital Currencies (CBDCs). According to Ashok Venkateshwaran, a…
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11 months, 2 weeks agoCommerzbank Receives License for Crypto Custody Services, Leading the Way in Germany
The Commerzbank, Germany’s fourth-largest bank, has been granted a license by the Federal Financial Supervisory Authority (BaFin) to custody crypto assets. This makes Commerzbank the first universal bank in G…
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11 months, 2 weeks agoSingapore Launches Pilot Program for Central Bank Digital Currency
Singapore’s Monetary Authority (MAS) has launched a pilot program for the live issuance of a central bank digital currency (CBDC) based on the Singapore dollar. This move represents a significant departure from p…
