BlackRock has submitted an amended application for an exchange traded fund that would focus on Bitcoin spot markets after the regulators expressed misgivings about its first attempt. In a new filing submitted on its behalf by the Nasdaq exchange, BlackRock said that it will be finalizing a surveillance agreement with Coinbase (COIN), addressing one of the main objections the Securities…
Month: July 2023
Bitcoin ATM Firm Bitcoin Depot Launches on Nasdaq
Bitcoin ATM operator Bitcoin Depot today launched on the Nasdaq stock exchange, making it the first U.S. company of its kind to go public. The company—one of the largest Bitcoin ATM operators in the country—last week announced its merger with blank check company GSR II Meteora. Bitcoin Depot, which is listed under the ticker BTM, was trading for $3.61 per…
‘A lot of the bad actors have been shaken out of the market’ — Bitvo CEO
Pamela Draper, president and CEO of crypto platform Bitvo, has weighed in on firms escaping the Canadian market amid the regulatory environment. Speaking to Cointelegraph at the Collision Conference in Toronto on June 29, Draper said despite crypto companies like Binance, dYdX, and Bybit announcing their departure from Canada in 2023, the country was “one of the few jurisdictions where…
Thai SEC bans the use of customer crypto assets for lending and investment
Investor protection regulations have been under discussion since September 2022 amid the crypto lending crisis that saw firms such as BlockFi and Celsius declar… Source: https://cointelegraph.com/public/index.php/news/crypto-thai-sec-bans-the-use-of-customer-crypto-assets-for-lending-and-investment
Bitcoin Tops $31,000, Ethereum Nears $2,000 as Crypto Rally Continues
Bitcoin’s rally continued on Monday as the coin jumped back above $31,000 for the second time over the past week. The largest digital asset by market cap was trading for $31,052 at the time of writing, according to CoinGecko. That’s a 1.8% 24-hour jump. The asset is also up over 2% in the past seven days, with a 17% gain…
Revolut to Delist Solana, Polygon, And Cardano After SEC ‘Security’ Label
Revolut is moving to delist Solana (SOL), Polygon (MATIC), and Cardano (ADA) in the United States after the three tokens were listed as securities by the Securities and Exchange Commission last month. The platform said that it is moving to delist the tokens by September 18. Users who hold the tokens will have until then to sell them before Revolut…
World’s Oldest Operational Coin Mint Opens Doors to New NFT Exhibit in Paris
What do you get when you cross a 1,100-year-old coin mint with the future of digital art? France’s la Monnaie de Paris, the world’s oldest active monetary institution—known for its centuries-old tradition of minting physical coins—has opened its doors to the very technology that seeks to disrupt its existence Founded in 864 by the King of France with the mission…
Bitcoin traders torn between breakout and $28K dip as BTC price stalls
Bitcoin (BTC) lingered below $31,000 at the July 3 Wall Street open with bulls still in need of a catalyst. BTC/USD 1-hour chart. Source: TradingView Bitcoin price: Sink or swim at $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a tight range following the weekly close. BTC price performance remained firmly sideways into the new week,…
Twitter rival Mastodon active user base increases by 100+k
A day following Twitter’s new limits on the number of posts users can see according to their verification status, a rival to the social media company called Mastodon reported a large increase in traffic. According to a post from the creator and CEO of Mastodon, Eugen Rochko, on July 2 the platform’s active user base surged, with an increase of…
UK Law Commission recommends ‘distinct’ legal category for crypto
The United Kingdom’s Law Commission is pushing for the creation of a ‘distinct’ category of personal property to accommodate and protect unique features of cryptocurrencies and digital assets. The body made the recommendation alongside three other key points following a mandate from the British government to carry out a common law analysis unpacking how legal frameworks in England and Wales…