Hong Kong has reportedly approved its first spot bitcoin exchange-traded funds (ETFs), with multiple issuers announcing they received permission to launch Bitcoin ETFs. China Asset Management, Bosera Capital and other applicants posted on…
Of the 11 financial institutions that issued spot Bitcoin ETFs in January 2024, only two — Bitwise and VanEck — have pledged to donate a percentage of their profits to open-source Bitcoin development….
Today, Bitwise Asset Management unveiled a new initiative, confirming their pledge to allocate 10% of profits from the Bitwise Bitcoin ETF (BITB) towards supporting Bitcoin open-source development, according to a press release sent to…
Tether, the company behind the widely popular USD stablecoin, has announced its foray into energy production and sustainable Bitcoin mining operations in Uruguay. According to the announcement, Tether’s collaboration with a local licensed…
Paxos Trust Company — the New York-based stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is reportedly being investigated by the New York Department of Financial Services (NYDFS). A “person familiar…
In light of the influx of filings from cryptocurrency issuers in the United States, the Securities and Exchange Commission (SEC) decided to set up two new offices this fall to provide specialized support…