Hong Kong to Reportedly Debut Spot Crypto ETFs by Mid-Year
The first spot exchange-traded funds (ETFs) could be introduced in Hong Kong as early as the middle of this year. According to local media, the government may soon introduce exchange-traded funds, citing comments made by Gary Tiu , chief executive and head of regulatory relations at OSL, a cryptocurrency exchange permitted in Hong Kong. Thanks […]
Virginia State Senate Introduces Cryptocurrency Rights Bill
A bill concerning the transactions and mining of digital assets, as well as how they are taxed, has been introduced by the Virginia State Senate. The 34-year-old senator Saddam Azlan Salim’s Jan. 9 proposal, Senate Bill No. 339 (SB 339), is presently being discussed in the Senate. If accepted, it will go to the House […]
Uranium Finance Hacker Transfers $2.5m BUSD
Using Li.fi, the attacker from Uranium Finance moved 2.5 million BUSD from the BNB chain to Ethereum (ETH). Using the DEX aggregator Li.fi protocol, 2.5 million BUSD were transferred from the BNB Chain to Ethereum on January 22, according to the on-chain analytics platform PeckShield Alert. Assets were converted into 812 ETH and around $500,000 […]
Alameda Research Withdraws Lawsuit Against Grayscale Investments
Alameda Research has withdrawn its lawsuit against Grayscale Investments, one that sought injunctive relief against practices that diminished the value of FTX debtors’ assets. In contravention of trust agreements, Alameda Research filed suit for a court order prohibiting the imposition of management fees. As of the lawsuit’s filing, the aggregate value of those fees had […]
Gemini Teases XRP Developments: Is a Spot XRP ETF Coming?
Gemini, a leading crypto exchange, has posted cryptic messages on social media, hinting at possible developments related to XRP. The XRP community has speculated that Gemini may be planning to launch a Spot XRP ETF in the European market following its approval as a DASP in France and its role as a custodian for VanEck’s […]