Category: Fiat

Australia Enforces Crypto and Credit Card Gambling Ban

The Australian government has officially enforced a ban on gambling sites accepting crypto and credit cards, a regulation that was announced last year. As of today, the compliance window has closed, and online gambling portals in Australia now face potential fines up to $155,000 for violations. This move is part of a broader effort to […]

Spot Bitcoin ETFs Experience Sudden Outflows

June 10 marked a significant shift in the investment landscape for U.S. spot Bitcoin ETFs, which recorded net outflows of $65 million, ending a 19-day streak of consistent inflows. According to data from Farside Investors, this reversal is notable as the last instance of net outflows occurred nearly a month prior, on May 10, with […]

Bitcoin ETFs Surge Despite Market Volatility

Amid a tumultuous week in the cryptocurrency market, Bitcoin exchange-traded funds (ETFs) have seen a significant influx of funds, securing nearly $2 billion worth of BTC deposits, as reported by CoinShares. Last Friday, the price of Bitcoin took a steep dive below $69,000, a sharp decline influenced by unexpectedly robust jobs data from the U.S. […]

Thailand Launches Its First Bitcoin ETF

Thailand is set to introduce its first spot Bitcoin exchange-traded fund (ETF), marking a significant step forward in the nation’s embrace of regulated Bitcoin investment vehicles. The Thai Securities and Exchange Commission (SEC) has approved asset manager One Asset Management (ONEAM) to launch the ONE Bitcoin ETF Fund, as reported by the Bangkok Post. This […]

FTX Nears $200M Settlement with IRS

Bankrupt cryptocurrency exchange FTX is on the verge of settling a $24 million claim from the U.S. Internal Revenue Service (IRS) for a substantial $200 million. This proposed settlement, still awaiting court approval, would address one of the more complex and substantial claims within the myriad of legal challenges amounting to billions of dollars that […]

Franklin Templeton Sets Low Fee for Ether ETF

Franklin Templeton has taken a groundbreaking step in the competitive landscape of cryptocurrency funds by announcing an incredibly low management fee for its upcoming Ether spot ETF. This move is set to shake up the Ether ETF market significantly. In a recent S-1 filing with the Securities and Exchange Commission (SEC), Franklin disclosed that the […]

Ethereum ETFs: A New Era for Crypto Regulation

May marked a significant milestone for cryptocurrency regulation with the U.S. Securities and Exchange Commission (SEC) approving spot Ethereum ETFs. This decision is not just a win for Ethereum but could potentially reshape the entire landscape of crypto regulation. The approval came after persistent advocacy, including a bipartisan plea from House Representatives to SEC Chair […]

Historic Green Light for Ethereum ETFs

In a significant shift in the cryptocurrency investment landscape, the United States Securities and Exchange Commission (SEC) has granted approval for spot Ethereum exchange-traded funds (ETFs), marking a pivotal moment months after initially greenlighting Bitcoin ETFs. This historic decision came on May 23, after a long period of minimal engagement with the applicants, signaling a […]