ARK Invest Joins Race for Bitcoin ETF Registration
Cathie Wood of ARK Investment Management and Swiss cryptocurrency custodian 21Shares have proposed the exchange-traded fund ARK 21Shares Bitcoin ETF registration notice to the U.S. Securities and Exchange Commission (SEC). The firm registered its shares as securities listed on the Cboe BZX Exchange on January 4 using Form 8-A. Both the Grayscale Bitcoin Trust and […]
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 […]
Hong Kong Enforces Strict Stablecoin Regulation
According to experts, Hong Kong’s stablecoin regulation’s stringency surpasses Singapore’s and may endanger significant players such as Tether (USDT) and USD Coin (USDC). According to a report by the South China Morning Post, Chengyi Ong, the Head of APAC Policy at Chainalysis, considers the proposed regulation for stablecoins in Hong Kong to be more stringent […]
JPMorgan CEO Faces Backlash from Crypto Community
Jamie Dimon, the CEO of JPMorgan, has drawn criticism from the cryptocurrency community on X (formerly Twitter) following his designation as an authorized participant (AP) by BlackRock, which withdrew its updated Form S-1 filing on December 29. Eric Balchunas, an analyst at Bloomberg ETFs, commented on the BlackRock amendment by stating, “BlackRock has just released […]
Indonesian Police Reportedly Seizes 1,134 Bitcoin Machines
Police authorities in Indonesia have purportedly shut down 10 Bitcoin mining operations and confiscated 1,134 Bitcoin machines on charges that their operators stole electricity worth close to $1 million. As per a recent local report, the North Sumatra Police Force executed a crackdown on a Bitcoin mining operation spanning ten different locations in Indonesia. They […]