Hong Kong has reportedly approved its first spot bitcoin exchange-traded funds (ETFs), with multiple issuers announcing they received permission to launch Bitcoin ETFs. China Asset Management, Bosera Capital and other applicants posted on social media that they got clearance to list spot Bitcoin ETFs in Hong Kong. However, the Securities and Futures Commission (SFC) has yet…
Carson Group, a significant $30 billion registered investment adviser (RIA) platform, has recently announced its approval to offer four spot Bitcoin exchange-traded funds (ETFs) to its clients, according to a Bloomberg report. Out of the recent batch of US-listed spot Bitcoin ETFs, Carson Group has greenlit BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Biden administration has told US lawmakers that it intends to sell Turkey $23bn worth of F-16 fighter jets after Ankara formally cleared Sweden’s bid to join the Nato military alliance. The US Department of…
Cornell University’s College of Arts & Sciences’ College Scholar Program has officially approved the first independent Bitcoin-focused study on January 11th. The pioneer behind this academic milestone is Ella Hough, a student at Cornell University, who is set to embark on a unique academic journey that is centered around Bitcoin. “The past 15 months have…
peepo Transcript Greg Bonnell: The US Securities and Exchange Commission has approved the availability of 11 spot Bitcoin ETFs for trading on the US markets. Joining us now to discuss is Andres Rincon, head of ETF Sales and Strategy at TD Securities. Andres, it’s great to have you with us, as always. Interesting developments here….
The approved ETFs are expected to attract significant inflows. Estimates suggest that Valkyrie could see $200-400 million, with the overall market experiencing $4-5 billion in inflows within the first few weeks. In a historic move, the US Securities and Exchange Commission (SEC) has approved 11 spot Bitcoin Exchange-Traded Funds (ETFs) after more than a decade…
Coinbase could win big if the SEC approves spot Bitcoin ETF as the exchange is responsible for custody on most of the pending proposals. The rush for spot Bitcoin exchange-traded funds (ETFs) could benefit Coinbase Global Inc (NASDAQ: COIN), the largest cryptocurrency exchange in the US. In what can only be described as a big…
Strating January 1, 2024, Brazil will introduce a flat 15% tax on crypto profits and up to 6,000 Brazilian reais ($1,200), will be exempt from taxation. In a significant move, President Luis Inácio Lula da Silva of Brazil has signed into law a measure that imposes taxes on crypto assets held abroad by Brazilian citizens….
The move to regulate and tax cryptocurrencies held on foreign exchanges comes as digital assets are gaining popularity in Brazil. The Brazilian Senate recently gave the green light to a new tax reform aimed at imposing a 15% tax on cryptocurrencies held on foreign exchanges. The proposed bill on crypto income has already received approval…
At the time FTX filed for bankruptcy, the total amount of customer assets misappropriated was about $8.7 billion. A Delaware bankruptcy court has granted FTX’s administrators permission to sell the defunct exchange’s trust assets. The approval comes about four weeks after the administrators filed a motion requesting the sale of the assets as part of…
Despite strong opposition from crypto industry players, the European Parliament introduces the Data Act that can severely impact the smart contract platforms. On Thursday, November 9, members of the European Parliament endorsed a Data Act that includes a contentious provision potentially rendering the majority of smart contracts illegal. The Act focused on regulating data sharing,…
Initially submitted on October 2, 2023, the proposal aims to convert the Grayscale Ethereum Trust, the largest Ethereum investment vehicle globally, into an ETF. In a recent turn of events, the US Securities and Exchange Commission (SEC) has approved Grayscale Investments’ application for a spot Ethereum (ETH) exchange-traded fund (ETF). Sharing the news on Tuesday,…
Governor Newsom’s endorsement of the crypto regulation bill represents a significant departure from his previous stance. California’s crypto industry is bracing for significant changes as Governor Gavin Newsom signs off on a groundbreaking regulatory bill expected to revamp the state’s digital asset landscape. The newly approved bill, the Digital Financial Assets Law, is slated to…
The updated vaccine specifically addresses the XBB.1.5 subvariant of the Omicron variant, which has raised concerns due to its potential to evade immunity conferred by earlier versions of the vaccine. In a recent development, stocks of Novavax Inc (NASDAQ: NVAX) jumped 8.2% yesterday following the Food and Drug Administration’s (FDA) approval of its improved COVID-19…
Officially, the valuation as of the end of May is correct and Celsius will pay creditors $2 billion in Bitcoin and Ether tokens. A mathematician working for Celsius Network’s valuation advisor Stout Risius Ross LLC has confirmed that the fair value of some debtors’ assets and liabilities as of May 31, 2023, is correct. Joel…
rarrarorro/iStock via Getty Images Taseko Mines Limited (NYSE:TGB) saw its stock price soar over 20 percent after the EPA issued a final underground injection control permit for its Florence Copper project in Arizona, before closing the day up almost 13% at $1.46/share. I rated Taseko a buy in an analysis near the end of June…
Chinese authorities have accelerated efforts to support companies that are aiming to develop AI. China has given a big boost to artificial intelligence (AI) technology following its recent string of approvals. This follows after the Cyberspace Administration of China gave the nod of approval to at least three Chinese tech firms to launch AI services…
This move holds significant implications for the case as it introduces a new perspective to the legal proceedings. In a recent development, Judge Analisa Torres has granted permission for an investment banker declarant to make an appearance in the legal proceedings involving Ripple Labs Inc and the US Securities and Exchange Commission (SEC). The Role…
eToro said that it will continue to empower our Spanish users by providing them with access to a diverse range of asset classes. Multi-asset investment platform eToro announced on Friday, July 28, that the Bank of Spain has approved its registration as a service provider for offering virtual assets, fiat assets, and other custodial wallet…