ProFunds launches first Bitcoin Mutual fund in the United States
ProFunds, a firm that offers a varied portfolio of mutual funds, is now offering a Bitcoin mutual fund. This is the first publically available Bitcoin fund launch in the US. It has now created the first Bitcoin mutual fund available to the general public in the United States. The fund’s ticker symbol would be BTCFX […]
Professor Angela Walch calls for crypto mining regulation
Professor Angela Walch of St. Mary’s University School of Law has called for more scrutiny on the activities of crypto miners in the State. A proposal for stronger rules on cryptocurrency miners was also made during Tuesday’s crypto hearing before the United States Senate Committee on Banking , Housing, and Urban Affairs. Professor Angela Walch, […]
Mastercard supports seven fintech firms with its Start Path program
Mastercard Start Path is a new program for fintech firms that aim to develop and accelerate innovation in digital asset technology. Mastercard, the international payments giant, has welcomed a slew of notable cryptocurrency companies into its fintech accelerator. Mastercard Start Path, an accelerator program for fintech firms, introduced a new startup engagement program on Tuesday, […]
Binance limits withdrawal for users without full KYC verification
Binance exchange has announced it is cutting down withdrawal limits for existing users to 0.06 BTC per provided they do not have full KYC verification. Binance, the world’s largest cryptocurrency exchange by trading volume , has introduced withdrawal limitations and a new tax reporting mechanism as part of its ongoing attempts to maintain engagement with […]
Abu Dhabi court sentences 9 accused in crypto money laundering to Jail
Using crypto as a means of money laundering is gradually becoming a thing and countries are not taking regulations against it lightly. An Abu Dhabi court in this light has sentenced nine individuals to jail. A criminal court in Abu Dhabi convicted nine crypto money launderers to a decade in prison and punishment of Dh10 […]