Get your cryptocurrency news & events at cryptogeni.us! Image used for: SEC Decision on Bitcoin ETFs: An Analysis of Potential Outcomes

SEC Decision on Bitcoin ETFs: An Analysis of Potential Outcomes

The United States Securities and Exchange Commission (SEC) is facing its first deadlines to decide on seven new Bitcoin (BTC) spot exchange-traded fund (ETF) applications. Investment firm Bitwise, BlackRock, VanEck, Fidelity, Invesco, Wisdomtree, and Valkyrie are awaiting the SEC’s decision by various dates in the next few days. Analysts suggest that the recent ruling in favor of Grayscale Investments increases the chances of a successful outcome for these applicants. The SEC has several o…

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SEBA Bank Hong Kong: Unlocking Potential in the Chinese Crypto Market

SEBA Hong Kong, the crypto-friendly Swiss bank, has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) to deal in virtual assets. This approval enables SEBA Hong Kong to operate with crypto products, provide advisory services on virtual assets, and offer asset management for discretionary accounts in virtual assets. With Hong Kong’s strategic location and its virtual asset regulatory framework, SEBA Hong Kong sees immense potential in tapping into the…

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X Receives Currency Transmitter License in Rhode Island

Rhode Island’s regulators have granted X (Twitter) a currency transmitter license, allowing the company to custody, transfer, and exchange digital currencies. This marks a significant step forward in Elon Musk’s vision for X to become an ‘everything app’ that includes both crypto and fiat payments. While initially supporting fiat currencies, X’s platform is being built to accommodate future crypto functionality. With this latest license, X has now secured transmitter licenses in seven Amer…

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Tether Partners with Britannia Bank: Boosting Stability in the Bahamas

Tether, the stablecoin issuer, has formed a partnership with Britannia Bank & Trust, a private bank based in The Bahamas, to process dollar transfers. The collaboration adds to Tether’s existing banking relationships with Deltec Bank and Capital Union Bank. This move comes as U.S.-based cryptocurrency firms seek offshore banking partners due to increased regulatory scrutiny. Tether’s dominance in the stablecoin market, with a market cap of $82.9 billion, has sparked industry speculation ab…

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Grayscale’s Bitcoin Spot ETF Application: SEC Decision and Crypto Community’s Reaction

The recent decision by the District of Columbia Circuit Court of Appeals regarding Grayscale Investments’ Bitcoin spot ETF application has sparked jubilation within the crypto community. The court overturned the United States Securities and Exchange Commission’s (SEC) rejection of the application, which was seen as a significant victory for Grayscale. However, it is important to note that the decision’s impact may be limited, as the SEC still has options for its next steps. Despite this, t…

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