Galaxy digital firm seeks the SEC approval for a Bitcoin Futures ETF
Crypto asset management company Galaxy Digital led by Mike Novogratz, has filed for a Bitcoin Strategy ETF. The fund would be called Galaxy Bitcoin Strategy ETF and also the fund would not invest directly in Bitcoin. The number of organizations filing for a Bitcoin Strategy ETF, which provides investors with exposure to the Futures market, […]
China shuts down 11 companies suspected of illegal crypto trading
China’s crypto crackdown continues as the Shenzhen branch shuts down 11 out of the 46 companies suspected of illegal cryptocurrency trading. Companies that continue to trade or mine cryptocurrencies risk facing significant fines and prison time. Despite this, a handful of businesses continue to trade in cryptocurrencies , with reports claiming that 46 businesses are […]
UNTOLD music festival will allow fans to buy tickets using EGLD
Blockchain and Music are beginning to gain a common ground, as the Untold Festival which will take place in Romania next month, has joined with the Elrond Network to allow concert goers to pay in bitcoin for their tickets. Untold announced on Tuesday that Elrond could be used to purchase tickets for its 2021 festival […]
Afroblocks suggests Ghana’s CBDCs should emulate cryptocurrencies
Afroblocks’ co-founder Omar Majdoub urges Ghana’s central bank to involve the expertise of an experienced crypto expert to help in the success of the e-cedi. The Bank of Ghana’s (BoG) latest central bank digital currency (CBDC) effort has been regarded with mistrust, as Afroblocks, an in-house independent association, speculates on the central bank’s goals. While […]
El Salvador’s Bitcoin adoption will pose risk to local insurers – Fitch Ratings
Fitch Rating has also given its opinion on El Salvador’s Bitcoin law stating that “additional holdings of high-risk assets will only compound this risk.” Fitch Ratings has become the latest global credit rating agency to warn El Salvador against adopting Bitcoin (BTC) as legal tender, expressing concerns that crypto assets could cause systemic risks for […]