Hong Kong BTC, ETH ETFs Attract Over $200M on First Day
Since the launch on April 30, Hong Kong spot Bitcoin and Ether exchange-traded funds (ETFs) have amassed over $200 million in total assets. Based on data furnished by Arkham Intelligence, the Bosera HashKey spot Bitcoin and Ether exchange-traded funds have amassed a combined sum of $71.94 million in assets under administration, consisting of 964 Bitcoin […]
Mainland Chinese Investors Can’t Buy ETFs Due to Crypto Ban
Mainland Chinese citizens cannot purchase Hong Kong’s spot Bitcoin and Ether exchange-traded funds (ETFs) following the crypto ban in mainland China. On April 30, three Chinese asset managers—China Asset Management, Harvest Global Investments, and Bosera—established spot crypto ETFs via their Hong Kong subsidiaries after Hong Kong authorizes spot BTC and ETH ETFs. Despite maintaining solid […]
‘Crypto Dad’ Yao Qian Faces Investigation from Chinese Gov’t
Pro-blockchain official Yao Qian, also known as Crypto Dad, is reportedly under investigation by Chinese authorities for suspicions of legal violations. The Shanghai Securities News reported on April 26 that the Central Committee of the Communist Party of China is presently investigating Yao on suspicion of “serious violations” of law and discipline. The precise rationales […]
Sen. Elizabeth Warren, Bill Cassidy Target Crypto Use in CSAM
Senators Elizabeth Warren and Bill Cassidy are proposing a crackdown on those who use crypto to buy and sell child sexual abuse material (CSAM). U.S. Senators Elizabeth Warren and Bill Cassidy want to make sure that government organizations are prepared to investigate cryptocurrency transactions connected to the sale of content related to child abuse. Departments […]
US SEC Sues Geosyn Mining, Owners for $5.6M Fraud
The US Securities and Exchange Commission (SEC) has sued Geosyn Mining and its owners, claiming they misled and misappropriated its investors’ funds. Through service agreements offered as securities between November 2021 and December 2022, Geosyn, its CEO Caleb Joseph Ward, and former operating head Jeremy George McNutt allegedly deceived about 64 investors, according to the […]