Tag: Cryptocurrencies
SEC Rule Change Allows In-Kind Redemptions for Crypto ETFs
Reading time: < 1 minuteThe SEC voted Tuesday to permit in-kind creations and redemptions for spot Bitcoin and Ethereum ETFs, a significant shift from its previous cash-only approach.
Bank of Korea Launches Dedicated Virtual Asset Division
Reading time: < 1 minuteThe Bank of Korea (BOK) isn’t sitting on the sidelines—it’s diving into crypto headfirst. Reports confirm the central bank has established a new virtual asset division to track market trends and shape future legislation.
Crypto Funds Hit $11.2B July Inflows as Ethereum Products Cross $7.8B YTD
Reading time: < 1 minuteCrypto investment products are on a historic run, with July inflows hitting $11.2 billion—surpassing December 2024’s record—as Ethereum funds alone amassed $7.79 billion year-to-date, exceeding last year’s total.
PayPal Launches Low-Fee Crypto Checkout for Merchants
Reading time: < 1 minutePayPal is challenging traditional payment giants with a crypto checkout tool that charges 0.99% per transaction—less than half of Visa’s typical fees.
SEC Delays Trump-Backed Bitcoin ETF as Crypto Approvals Slow
Reading time: < 1 minuteThe SEC has postponed its decision on the Truth Social Bitcoin ETF, backed by Donald Trump’s media company, extending the review period to mid-September.
Democratic Senators Demand Explanation from FHFA on Crypto Mortgage Policy
Reading time: < 1 minuteA coalition of US Senate Democrats has formally requested details from the Federal Housing Finance Agency (FHFA) regarding its consideration of cryptocurrency in mortgage underwriting.
CoinShares Gains MiCA License in France, Expanding EU Regulatory Dominance
Reading time: < 1 minuteCoinShares has strengthened its regulatory foothold in Europe by securing a MiCA license through its French subsidiary.
Senate Republicans Draft Crypto Bill, Eyeing House Collaboration
Reading time: < 1 minuteIn a move toward regulatory clarity, Senate Banking Committee Republicans have proposed a digital asset market structure bill that may align with the House’s CLARITY Act, passed July 17.
UK Moves to Outlaw Ransomware Payments for Public Sector
Reading time: < 1 minuteIn a bid to weaken cybercriminals, the UK government is finalizing a ban on ransomware payments for public sector entities and critical infrastructure—including energy, healthcare, and local governments.
SEC Grants Conditional Approval, Then Stays Bitwise ETF Conversion
Reading time: < 1 minuteThe U.S. Securities and Exchange Commission issued—and then suspended—approval for Bitwise’s proposed ETF conversion, reflecting regulatory caution over crypto-based funds.
