Fri, July 3

Virtual Asset Management Bill Introduced in Taiwan’s Parliament

The Virtual Asset Management Bill was proposed to the Legislative Yuan, Taiwan’s unicameral parliament, on October 25. The purpose of the legislation is to “properly supervise” the sector and give “better protection” for consumers. The 30-page measure seems to provide reasonable requirements for the sector. Also, it recommends that VASPs

October 27, 2023 2 mins read

Bitcoin Price Consolidates; Bullish Breakout Likely?

The blockchain analytics platform Santiment hinted in a twitter post yesterday that a market downturn for cryptocurrencies may not be happening very soon. This is in response to the current market recovery, which has resulted in significant price gains for Bitcoin (BTC) and other cryptocurrencies. Moreover, there are still a

October 27, 2023 2 mins read

Bitcoin’s Recent Rally Sparks Surge in ‘Buy Bitcoin’ Searches in the UK

Searches for “buy Bitcoin” on Google have increased significantly throughout the globe recently, with the United Kingdom seeing an increase of almost 800% in merely the last week. Cryptogambling.tv research found that in only seven days, the number of British internet users who looked for “buy Bitcoin” increased by an

October 27, 2023 1 min read

Bitwise Amends Spot Bitcoin ETF Proposal With Certain Changes

Bitwise has resubmitted its Spot Bitcoin ETF proposal after making certain changes to it. The United States SEC provided input and asked questions that led to this determination. The new plan is consistent with expectations, according to social media postings by ETF industry expert James Seyffart.  UPDATE: @BitwiseInvest has submitted

October 26, 2023 2 mins read

Elliptic Debunks Claims of Huge Crypto Funding by Hamas

According to Elliptic, a blockchain analytics company, there is “no evidence” that Hamas is using crypto donations to finance attacks against Israel. Elliptic issued a statement on October 25 denying claims that Hamas had received large amounts of cryptocurrency donations. “Remain tiny,” the company said of the funds raised. The

October 26, 2023 1 min read

Grayscale’s GBTC Soars 220% in 2023 Amidst ETF Conversion Prospects

The benefits of Grayscale Investment’s bitcoin trust (GBTC) as a long-term investment are widely acknowledged by market professionals and analysts, who are thus optimistic. The price of GBTC could continue to climb as the discount decreases. And the prospect of SEC approval of the ETF conversion grows. As the likelihood

October 26, 2023 1 min read

Bitcoin Bulls On The Rise: New Highs Coming?

Bitcoin, the largest cryptocurrency by market capitalization, has sent the entire community into a joyful frenzy with its remarkable bull run, a sight unseen for over a year. Bears had held sway since the beginning of the year, thwarting the attempts of the bulls to stage a comeback. However, last

October 26, 2023 2 mins read

BlackRock Faces U.S SEC Charges for Investment Disclosure Failures

The U.S SEC filed charges against BlackRock Advisors, LLC today for failing to provide information about investments that make up a substantial component of a publicly listed fund it advises. A notification from the SEC was issued confirming this. The investments are focused mostly on the media and entertainment sector.

October 25, 2023 2 mins read

Grayscale Forays Into Crypto Indices Market With FTSE Russell

To enter the cryptocurrency indices market, Grayscale Investments has teamed up with FTSE Russell, a division of the London Stock Exchange. A new offering called the Crypto Sector Index Series is in the works. There will be many indices in this series, each one dedicated to a distinct kind of

October 24, 2023 2 mins read

Cathie Wood Led Ark Invest Sells Grayscale Bitcoin Trust (GBTC) Shares

In light of the recent market upsurge caused by speculation about the launch of a spot BTC ETF, ARK Investment led by Cathie Wood sold shares of the Grayscale Bitcoin Trust (GBTC). The ARK Next Generation Internet ETF (ARKW) sold 100,739 GBTC shares on 23 October for $2.5 million. This

October 24, 2023 1 min read