Grayscale Files Amended Bitcoin ETF Application
Digital asset fund manager Grayscale has filed an amended application to convert its GBTC product into an ETF. Grayscale Investments changed the name of its Grayscale Bitcoin Trust (GBTC) product to a spot Bitcoin exchange-traded fund (ETF) by submitting an updated S-3 Form to the SEC. ETF specialist James Seyffart claims this is Grayscale’s third […]
Kyrgyzstan Sees Surge in Crypto Mining Tax Revenue
In the first 11 months of 2023, the government of Kyrgyzstan witnessed a substantial increase in tax collections from crypto miners, totaling 78.6 million soms ( $900,000). According to reports from the Finance Ministry, which were reported by the local media on January 1, the government of Kyrgyzstan collected taxes from cryptocurrency miners totaling 78.6 […]
HSBC to Advance Digital Currency, CBDC Pilots in Hong Kong
The multinational HSBC bank’s Hong Kong branch plans to keep collaborating with the government on projects, including using digital currencies for cross-border payments. HSBC Hong Kong is pushing forward with implementing digital currencies for cross-border payments in collaboration with local authorities. In an interview with the South China Morning Post, HSBC HK CEO Luanne Lim […]
Ethereum Founder Vitalik Buterin Unveils 2024 Roadmap
Ethereum’s 2024 roadmap, which includes projects like “The Surge,” which aims for 100,000 TPS, describes a fast-paced, safe, and sustainable future. Ethereum has unveiled its 2024 roadmap with an emphasis on enhancing sustainability, security, and scalability. Ethereum co-founder Vitalik Buterin shared the roadmap on social media, highlighting several important steps for the platform’s advancement. In […]
OKX to Implement New FCA Rules for UK users
OKX is implementing regulations for its users in the United Kingdom in response to new regulatory mandates from that nation’s Financial Conduct Authority (FCA). Beginning the following week, U.K. users will be required to complete an investor questionnaire to demonstrate they comprehend the risks associated with purchasing and trading digital assets, per the announcement made […]