Mango Markets Sets Aside $250k to Address US Regulatory Inquiries
Decentralized trade Mango Markets has allocated $250,000 worth of USD Coin (USDC) to its course in response to regulatory organizations in the United States scrutinizing it. The DAO, or decentralized autonomous organization, hired an intermediary to help shepherd the project through its regulatory challenges due to recent setbacks, including a hack and continuing legal procedures. […]
BlackRock Aims for Bitcoin ETF Approval by Next Wednesday
BlackRock anticipates a significant change in the cryptocurrency market on Wednesday when the SEC approves its ground-breaking spot Bitcoin ETF. According to reports, BlackRock, the biggest asset manager in the world, could receive clearance for its proposal for a spot Bitcoin ETF as early as next Wednesday. This information was obtained from a recent Fox […]
Fidelity Files SEC Registration for Bitcoin ETF
The company has registered its Fidelity Wise Origin Bitcoin Fund with the U.S. Securities and Exchange Commission (SEC) by filing Form 8-A, claiming over $4.5 trillion assets. With this filing, Fidelity is taking a step toward becoming a publicly traded company , and it also signifies a wider acceptance of digital assets in conventional investing […]
Former Citigroup Executives to Offer Bitcoin Depositary Receipts
According to a Bloomberg report released on January 4, former Citigroup executives would sell Bitcoin-backed securities. They claim that these securities do not require permission from US regulators. The issuer will launch a “Receipts Depositary Corporation, or RDC,” due to the blatant action. Bitcoin Depositary Receipts, which work similarly to American Depositary Receipts representing international […]
Hong Kong’s ZA Bank Expand Web3 Offerings to 80 Firms
Chinese online bank ZA Bank has disclosed plans to provide retail clients with cryptocurrency trading services using fiat currencies. Although he did not give a timeline, ZA Bank CEO Ronald Iu stated in an interview with the Hong Kong Economic Journal that the Hong Kong-based company eventually wants to start selling crypto trading services with […]