Crypto asset manager Grayscale Investments is reportedly in talks with investment banks JPMorgan and Goldman Sachs regarding their potential involvement in a proposed spot Bitcoin exchange-traded fund (ETF). Grayscale recently filed an amended application with the United States Securities and Exchange Commission, but did not list any authorized participants. However, it is worth noting that […]
South Korea’s Financial Services Commission (FSC) is proposing changes to the country’s credit finance laws that would prohibit local citizens from using credit cards to purchase cryptocurrency. The FSC expressed concerns about potential illegal outflows and money laundering associated with South Korean citizens buying cryptocurrency from foreign exchanges.The current laws in South Korea only allow […]
One of the largest online communities dedicated to Solana, a popular cryptocurrency, has over 6,000 members, according to blockchain security firm Chainalysis. Recently, there has been growing concern about malicious decentralized applications that target users with Solana-based scams. These scams are known as “drainers” and they drain funds from digital wallets. The most successful drainer […]
The forced sale of Credit Suisse (CS) to UBS has brought some stability to the troubled bank. However, the low sale price and the decision by the Swiss Financial Market Supervisory Authority (FINMA) to write off almost CHF 16 billion worth of contingent convertible bonds (AT-1 bonds) have caused an outcry in the financial market. […]
The U.S. Securities and Exchange Commission (SEC) has made a groundbreaking decision by approving the launch of the first-ever leveraged Bitcoin futures exchange-traded fund (ETF). This move signifies the growing acceptance of cryptocurrencies in mainstream finance and provides traditional investors with an opportunity to gain exposure to digital assets.The new ETF, called the Volatility Shares […]
The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Under this provision, individuals who receive over $10,000 in cryptocurrency in their trade or business must report the transaction to the Internal Revenue Service (IRS) within 15 days. The new rule came into […]
The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Under this provision, individuals who receive over $10,000 in cryptocurrency in their trade or business must report the transaction to the Internal Revenue Service (IRS) within 15 days. The new rule came into […]
The United States-based exchange Cboe has accepted the registration for listing shares of a spot Bitcoin exchange-traded fund (ETF) proposed by Fidelity Investments. The Fidelity Wise Origin Bitcoin Fund has filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its shares as securities listed on the Cboe BZX Exchange. However, […]
Two leading spot Bitcoin exchange-trade fund (ETF) applicants, Grayscale and BlackRock, are reportedly considering adding Goldman Sachs as an authorized participant. This role would involve Goldman Sachs creating and redeeming shares for each spot Bitcoin ETF based on market demand. While the addition of Goldman Sachs has not been publicly announced by the companies involved, […]
A recent report from blockchain analysts suggests that the attacker responsible for draining $81.5 million from the Orbit bridge may have been involved in several other crypto cyberattacks in 2023. The report claims that the same criminal group may have targeted Coinspaid, Coinex, and Atomic Wallet using similar tools and patterns.The analysts attempted to trace […]
