The price of BTC rose sharply and fell almost as fast over the past three days amid two recent events impacting pending applications for spot Bitcoin ETFs. Source: https://cointelegraph.com/public/index.php/news/bitcoin-price-grayscale-gains-wiped-with-sec-spot-etf-delays
Retired pro soccer star Ronaldinho Gaúcho has testified at a congressional hearing in Brazil, denying his involvement in an alleged $61 million crypto pyramid scheme that bore his name. On Aug. 31 Ronaldinho appeared before a parliamentary committee inquiry where he refuted any role in the scheme called “18kRonaldinho” that promised 2% daily returns on crypto. A lawsuit was filed…
At least five Ethereum liquid staking providers have either imposed or are working to impose a self-limit rule in which they promise not to own more than 22% of the Ethereum staking market — seen as a move to ensure the Ethereum network remains decentralized. Among the Ethereum staking providers either already committed or are working to commit to the…
Binance Australia General Manager Ben Rose says he’s “really confident” that Australian regulators will eventually make the right choices when it comes to laws that govern digital assets in the country. “There are lots of very smart people in the government working really hard on [crypto] policy, so I’m really confident that we’ll get there in the end,” said Rose,…
The SEC has delayed its decision on BTC exchange-traded fund applications from WisdomTree, Invesco Galaxy, Valkyrie, VanEck, Bitwise Asset Management and Fideli… Source: https://cointelegraph.com/app/public/index.php/news/sec-delays-decision-on-wisdomtree-s-spot-bitcoin-etf
Cryptoasset businesses in the United Kingdom could now begin withholding certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on Sept. 1. The rules targeting virtual asset service providers were first introduced by the Financial Conduct Authority on Aug. 17, and see to it that VASPs based in the U.K. will “collect, verify and…
In less than a day, Bitcoin (BTC) has shed nearly all the gains it made from Grayscale Investment’s court victory against the United States Securities regulator. On Aug. 29 Bitcoin popped to a two-week high after a judge ruled that the Securities and Exchange Commission was “arbitrary and capricious” when it rejected Grayscale’s spot Bitcoin ETF application. However, the SEC’s…
Bored Ape Yacht Club creator Yuga Labs announced this week that an open beta test for its Legends of the Mara (LotM) game experience will launch in September, granting Otherdeed virtual land NFT holders a new NFT and another taste of the broader Otherside metaverse. According to the firm, Legends of the Mara is a “collection-based 2D strategy game,” whereas…
Ivan Bianco, a blockchain gaming-focused YouTuber based in Brazil who runs the channel Fraternidade Crypto, apparently had nearly $60,000 worth of cryptocurrency and a stash of NFTs stolen this week after accidentally revealing his crypto wallets’ seed phrases during a livestream. During the stream, Bianco opened a document that revealed his seed phrases, a move that allowed unknown individuals to…
Our weekly roundup of news from East Asia curates the industry’s most important developments. Thailand’s crypto UBI Thailand may soon have a national airdrop in the works where every citizen 16 years and older will receive 10,000 Baht ($285). According to local news reports on August 30, Thailand’s ruling Pheu Thai party will consult the Bank of Thailand in developing…
