Celsius Network, a cryptocurrency lending platform, may need to seek approval from creditors for its proposed shift to a Bitcoin mining venture. A U.S. bankruptcy judge expressed concerns about the sudden change, emphasizing the importance of reaching an agreement with the SEC. The judge highlighted that the transformation into a mining business deviates significantly from […]
Facing allegations and scrutiny from regulators and government officials in the U.S., Circle, the stablecoin issuer behind USDC, has issued a statement addressing its purported ties with Hamas and Justin Sun. Circle emphasizes its commitment to stringent compliance standards and its cooperation with law enforcement. The company asserts that it abides by legal measures and […]
Australia’s new cryptocurrency taxation guidelines have been criticized by an Australian law firm, which suggests that they should be disregarded as they are unclear and essentially worthless. The Australian Tax Office (ATO) released non-binding guidance on November 9, which could impact how investors and traders report their taxes in relation to decentralized finance (DeFi). The […]
Swiss asset manager Pando Asset has joined the race for a spot bitcoin exchange-traded fund (ETF) in the United States. Pando Asset, which already offers crypto ETF products in Europe, has filed an S-1 form with the US Securities and Exchange Commission (SEC) seeking approval for its ETF. The company plans to trade its Pando […]
The U.S. Securities and Exchange Commission (SEC) has opened the comment period for Fidelity’s proposed Ethereum exchange-traded fund (ETF). If approved, the ETF would allow investors to gain exposure to Ethereum through regulated investments. The SEC is seeking comments on various aspects of the proposal, including surveillance, custodianship, and market manipulation. The filing also highlights […]
The U.S. Securities and Exchange Commission (SEC) recently met with Hashdex, an applicant for a Bitcoin ETF. The meeting discussed a proposed rule change that would allow NYSE Arca to list and trade shares of Hashdex’s Bitcoin ETF. The SEC memo stated that two individuals from the SEC’s Office of the Chair met with three […]
Pando Asset, a Swiss asset management company, has filed an application with the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). The proposed trust, called the Pando Asset Spot Bitcoin Trust, aims to track the price performance of BTC and bring virtual assets into the traditional financial ecosystem. If approved, […]
Pando Asset, a Swiss asset management company, has filed an application with the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). The proposed trust, called the Pando Asset Spot Bitcoin Trust, aims to track the price performance of BTC and bring virtual assets into the traditional financial ecosystem. If approved, […]
The UK’s HM Revenue and Customs (HMRC) has introduced a new system for taxpayers to voluntarily disclose any unpaid tax on digital assets, including cryptocurrencies like Bitcoin, NFTs, and utility tokens. This initiative aims to increase oversight of the nascent asset class and help taxpayers rectify their tax affairs while potentially avoiding severe penalties and […]
Switzerland-based asset management firm Pando Asset AG has filed for a spot Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). The ETF, if approved, would be listed on Nasdaq under the ticker PBC. Pando has partnered with the Bank of New York Mellon (BNY Mellon) as the trust’s administrator and Coinbase as […]
