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HKbitEX Receives Provisional Approval for Virtual Asset Trading Platform License in Hong Kong

HKbitEX, a digital asset trading group based in Hong Kong, has obtained provisional approval from the Hong Kong Securities and Futures Commission (SFC) for its virtual asset trading platform (VATP). The approval includes a Type 1 regulated activity license for securities trading and a Type 7 regulated activity license for the provision of automated trading … Continue reading HKbitEX Receives Provisional Approval for Virtual Asset Trading Platform License in Hong Kong

Hong Kong Crypto Exchange HKVAEX Announces Phased Shutdown

HKVAEX, a cryptocurrency exchange based in Hong Kong, has announced a phased suspension of its services, culminating in the full closure of its platform. This decision comes amidst a backdrop of increasing regulatory scrutiny in the global cryptocurrency industry. HKVAEX’s service suspension coincides with a period of heightened regulatory focus, especially in regions like Hong … Continue reading Hong Kong Crypto Exchange HKVAEX Announces Phased Shutdown

CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives

The Commodity Futures Trading Commission (CFTC), a regulatory body overseeing commodity and derivatives markets in the United States, has once again asserted its authority in the rapidly evolving world of cryptocurrency. On March 26, 2024, the CFTC filed a complaint in the U.S. District Court for the Southern District of New York, taking action against … Continue reading CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives

Tron Foundation Contests SEC Lawsuit Over Jurisdictional Overreach

The Tron Foundation, known for its significant presence in the blockchain and cryptocurrency space, is currently embroiled in a legal battle with the United States Securities and Exchange Commission (SEC). The bone of contention revolves around a lawsuit initiated by the SEC, which the Tron Foundation argues should be dismissed on the grounds of jurisdictional … Continue reading Tron Foundation Contests SEC Lawsuit Over Jurisdictional Overreach

Bitwise Explores ETP Offering for Ethereum Layer-2 Networks

Bitwise, a leading name in cryptocurrency asset management, is looking to capitalize on the growth of Ethereum’s layer-2 networks and applications. The firm is contemplating the introduction of an Exchange Traded Product (ETP) that would provide investors with exposure to these cutting-edge technologies. Matt Hougan, Bitwise’s Chief Investment Officer, has expressed a bullish stance on … Continue reading Bitwise Explores ETP Offering for Ethereum Layer-2 Networks

VanEck Spearheads Entry into Stablecoin Market with Agora's AUSD Launch

Agora, initiated by Nick van Eck, the progeny of Jan van Eck, the CEO of the renowned investment management firm VanEck, is poised to introduce a new stablecoin named AUSD. This digital dollar is designed to be pegged to the US dollar, offering a secure and stable cryptocurrency option amidst the volatile crypto markets. The … Continue reading VanEck Spearheads Entry into Stablecoin Market with Agora's AUSD Launch

NYSE Arca Files Proposed Rule Change for Bitwise Ethereum ETF Listing

NYSE Arca, a self-regulatory organization, has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Bitwise Ethereum ETF. The proposed rule change was filed on March 28, 2024, and is now open for public comment. Under the proposed rule change, the Bitwise Ethereum ETF would … Continue reading NYSE Arca Files Proposed Rule Change for Bitwise Ethereum ETF Listing

BitMEX Co-Founder Ben Delo Faces Class-Action Lawsuit Over Alleged Market Manipulation

BitMEX co-founder Ben Delo, a British citizen, is set to face a class-action lawsuit from users after U.S. District Court Judge Andrew Carter determined that he played a central role in an alleged price manipulation scheme on the cryptocurrency exchange. The ruling came after Delo had asked to dismiss the suit, but Judge Carter concluded … Continue reading BitMEX Co-Founder Ben Delo Faces Class-Action Lawsuit Over Alleged Market Manipulation

South Korean Political Parties Woo Voters with Crypto-Friendly Policies

In a move to garner support ahead of the upcoming parliamentary elections, South Korea’s leading political parties have turned to the burgeoning cryptocurrency market, introducing policies aimed at attracting the younger, tech-savvy electorate. This development underscores the growing influence of digital assets in the political arena and how they can sway voter sentiment. The Democratic … Continue reading South Korean Political Parties Woo Voters with Crypto-Friendly Policies

BlackRock Expands Bitcoin ETF Operations with Five Major Wall Street Firms

BlackRock, the world’s largest asset manager, has taken a significant step forward in the cryptocurrency space by enlisting five prominent Wall Street firms to support its Bitcoin exchange-traded fund (ETF) operations. The firms—ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman Sachs, and UBS Securities—have been added as new authorized participants in the Bitcoin ETF … Continue reading BlackRock Expands Bitcoin ETF Operations with Five Major Wall Street Firms

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