This week saw a number of developments in the cryptocurrency space. Valkyrie Investment Group announced that it will start offering exposure to Ether futures in the coming days, allowing investors access to Ether and Bitcoin futures “under one wrapper”. Asset manager VanEck also disclosed its upcoming Ethereum Strategy ETF, which will be listed on the Chicago Board Options Exchange in the coming days. Former FTX CEO Sam “SBF” Bankman-Fried will spend at least 21 days in court as part of his criminal trial, which will begin in earnest on Oct. 4 and last until Nov. 9. He is facing seven fraud charges and if found guilty, is likely to spend the rest of his life in prison. Co-founder of Three Arrows Capital (3AC) Su Zhu was detained at Changi Airport in Singapore while trying to leave. Teneo, the joint liquidator of the now-bankrupt hedge fund, secured a committal order from the Singapore Courts, alleging that Zhu didn’t comply with a court order. An investigation by Cointelegraph revealed that several cryptocurrency platforms, reporting significant daily trades on CoinMarketCap, may have provided misleading information about their crypto licenses. Bitspay, for instance, which has a daily trading volume of $1.4 billion on CoinMarketCap and ranks as the fourth-largest crypto exchange, claimed to be licensed in Estonia. However, after inquiries by Cointelegraph, Bitspay quickly removed the potentially false license data and no longer provides details about its registration or licensing.Huobi Global’s HTX crypto exchange was hacked on Sept. 24, according to a report from blockchain analytics platform CyVers. A total of $7.9 million of crypto has been drained in the attack. Binance CEO Changpeng “CZ” Zhao offered the help of the exchange’s security team in investigating the attack.Chainalysis has a long but sometimes controversial history, from solving Mt. Gox to tracing crypto used by child abuse syndicates in Korea. Tim Draper’s first big Bitcoin prediction came off without a hitch, but he says the current administration is making his second one look bad.Binance has warned its European users to convert their euro (EUR) balances to Tether by Oct. 31 due to the loss of support from its banking partner, Paysafe. Paysafe ceased processing EUR deposits for Binance users on Sept. 25. The U.S. Securities and Exchange Commission has also postponed its decision on several spot Bitcoin ETF applications, including those from BlackRock, Invesco, Bitwise and Valkyrie, ahead of a potential government shutdown.In other news, a Chinese national was fined three years’ salary for using VPN for remote work, Hangzhou airdropped 10M digital yuan, JPEX alleged Ponzi nears $200M, and more.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇸🇬 🇺🇸 🇨🇳 |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Changpeng Zhao, Andy Barr, Gary Gensler, Agustín Carstens, Tim Draper, Tom Emmer, Jesse Pollak, Street |
| Companies | Chicago Board Options Exchange, Three Arrows Capital, VanEck, U.S. Securities and Exchange Commission, Binance, Invesco, BlackRock, WisdomTree, Bank of International Settlements, Paysafe, Bitwise, Valkyrie, Fidelity |
| Currencies | Compound, Bitcoin, XDC Network, Chainlink, Tether, Ethereum, XRP, THORChain, LEO Token, ImmutableX |
| Securities | None |
