Monochrome, Vasco File for Spot Bitcoin ETF
Monochrome Asset Management Pty Ltd and Vasco Trustees Ltd have submitted an updated spot Bitcoin ETF registration to the Australian Securities Exchange (ASX) under the country’s new regulatory framework. The Australian Securities Exchange (ASX) has received an updated application for the Monochrome Bitcoin ETF (IBTC), according to an announcement issued by Monochrome Asset Management on […]
Indonesia Reportedly Sets to Launch Crypto Exchange in July
The Indonesian government is making plans to establish a national cryptocurrency exchange. The platform will launch within the next few weeks and will be the only platform allowing crypto transactions in the country. The Indonesian Commodity Futures Trading Supervisory Agency (CFTRA), also known as Bappebti, intends to launch the national cryptocurrency exchange in July 2023, […]
Multichain Shuts Down After CEO Arrest, $125M Hack
Multichain, a cross-chain bridge protocol, has announced that it will cease operations due to lack of funds and contact with its CEO, who is in Chinese police custody. The announcement comes after a massive exploit that drained over $125 million from the protocol, which some experts suspect to be an internal rug pull. Multichain is […]
XRP Trading Volume Tops Bitcoin’s on Upbit Exchange
Upbit exchange saw a $2.6B rise in the trading volume o XRP tokens in the last 24 hours, surpassing that of Bitcoin. The rise is due to Ripple’s partial victory in the long-drawn SEC court battle In the past 24 hours, the trading volume of XRP tokens on the South Korean cryptocurrency exchange Upbit has […]
Indonesia Names New Crypto Chief Amid Industry Growth
Hasan Fawzi, a former stock exchange executive, has been appointed the head of fintech and digital assets oversight and innovation by Indonesia’s financial watchdog. Fawzi will be responsible for regulating and supervising the emerging crypto sector in the country, which is working towards launching a state-backed crypto exchange by 2023. Hasan Fawzi’s Background and Role […]