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Spot Bitcoin ETFs, which closed last week in negative, started the week in positive. Completing the first day of the week with a net investment of 15.7 million dollars, there was an outflow of 350 million dollars in ETFs and Grayscale.

A net investment of $261 million from Fidelity turned the day positive in Bitcoin ETFs. Total outflows at Grayscale, where there was an outflow of 350 million dollars yesterday, exceeded 2.3 billion dollars. BlackRock also closed yesterday with a net investment of $35.4 million.

Grayscale confident about spot Ether ETF approval despite SEC’s lack of interaction

Grayscale remains confident that spot Ether (ETH) ETFs will be approved in May despite “inadequate interaction” between the U.S. Securities and Exchange Commission (SEC) and applicants.

Grayscale’s General Counsel Craig Salm argues that this should not be determinative of a negative outcome and that ETFs should be approved. He states that many of the issues addressed in the approval process of spot Bitcoin ETFs have also been resolved for spot Ether ETFs.

Therefore, he states that the SEC’s less interaction is due to the fact that many of the current issues have been addressed before. However, there are additional issues that publishers who want to include staking in Bitcoin ETFs will face. The SEC’s approval of Ether Futures ETFs and regulation of these products as commodity futures is seen as a positive sign for spot Ether ETFs.

Many companies, including VanEck, have applied for SEC approval, and the SEC is expected to make a decision by May 23.

bitcoin etf

SEC demands $2 billion fine against Ripple Labs

Ripple Labs Inc. He demanded a $2 billion fine and sanctions be imposed on his company. This request was announced by the company’s general counsel.

Ripple’s general counsel Stuart Alderoty stated that the files, which will be made public on Tuesday, are an ongoing part of their years-long lawsuit with the SEC. Alderoty stated that the SEC is focused on punishing and intimidating Ripple and the industry in general, rather than adhering to the law.

Ripple CEO also cited recent court decisions criticizing the SEC and losing cases against crypto companies. The SEC declined to comment and the agency’s court filings are sealed.

London exchange begins crypto ETN trading on May 28

The London Stock Exchange has announced that it will begin trading crypto exchange-traded notes (ETNs) for Bitcoin and Ether on May 28. This decision was taken considering the time required for issuers to establish a Crypto ETN program and prepare a base prospectus to be approved by the FCA.

Crypto ETNs will be available only to professional investors and will be traded as debt securities, reflecting the performance of crypto assets. While similar Bitcoin ETFs have attracted great interest in the US, investors in the UK cannot yet access these products.

FCA’s, LSE’s crypto ETNWith the announcement that it will not block plans to list ‘s, Coinbase UK and Kraken UK executives stated that it would be positive to offer more investment options in the UK.

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Bitcoin Declines to $59,500 due to Iran-Israel Tension

There was a big drop in the cryptocurrency markets on Friday evening, and a similar situation was repeated on Saturday. Bitcoin declined.



There was a big drop in the cryptocurrency markets on Friday evening, and a similar situation was repeated on Saturday. Bitcoin declined.

While Bitcoin was on a stable course at $70,000-71,000 until Friday evening, following the statements of the US Federal Reserve (Fed) that did not foresee a significant change in interest rates and the tension between Iran and Israel, Bitcoin fell to $65,000 in a few minutes, with a liquidation of approximately $900 million and $300,000. affected the investor.

Bitcoin recovered slightly to $67,000, but then fell to a weekly low of $59,500 within a few hours. Altcoins suffered even greater losses; Many altcoins such as SOL, XRP, BNB, DOGE, SHIB, AVAX showed double-digit declines.

The total cryptocurrency market cap has decreased by approximately $200 billion in one day and by $400 billion since Friday morning. Another 220,000 investors were liquidated, bringing the total value of losses to $1.8 billion over the same time period.

Bitcoin bull run

Hong Kong approves first spot BTC and Ethereum ETFs on its way to becoming a crypto hub

Hong Kong approved several spot BTC and Ethereum exchange-traded fund (ETF) applications on Monday in a bid to turn the region into a crypto hub.

China Asset Management, Harvest Global Investments, Bosera Asset Management and HashKey Capital have received various approvals from the Hong Kong Securities and Futures Commission. These organizations announced that they will issue ETFs in cooperation with OSL and BOCI International.

Bosera and HashKey will offer ETFs where investors can subscribe to ETF shares directly using Bitcoin and Ethereum. These developments aim to strengthen Hong Kong’s status as an international financial centre.

Accidentally lost bit's worth of Bitcoin!

BTC miners could sell $5 billion worth of BTC after halving

Bitcoin It is stated that miners will be able to release BTC worth $ 5 billion after the halving. This process is triggered by mining rewards halving and usually causes BTC prices to remain stable for a period of time.

Markus Thielen from 10x Research states that these sales by miners may last four to six months and BTC may not show a big rise until October. Miners’ stockpiling of BTC until the halving disrupts the supply-demand balance and increases prices.

However, Thielen states that altcoins may be negatively affected by this situation and that a significant rally should be waited for six months. It is estimated that large mining companies such as Marathon will gradually sell their savings to prevent a decrease in revenue.

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Tether Announces Completion of SOC 2 Type 1 Audit

Tether announced that it has completed the SOC 2 Type 1 Audit, the gold security compliance standard developed by the American Institute of Certified Public Accountants (AICPA).



Tether announced that it has completed the SOC 2 Type 1 Audit, the gold security compliance standard developed by the American Institute of Certified Public Accountants (AICPA).

Tether announced that it has made an important security update. The company has passed System Organization Control (SOC) 2 Audit Type 1, the first phase of achieving the highest level of security compliance.

The gold security compliance standard SOC 2 Type 1 audit exam developed by the American Institute of Certified Public Accountants has been successfully completed.


SOC 2’s criteria are based on five core trust service principles

SOC 2’s criteria are essentially based on five trust service principles. The first of these, security, includes measures implemented to protect customer data, such as firewalls, intrusion detection, and advanced authentication protocols. The second principle, availability, focuses on providing a reliable and active network while also addressing efficiency in problem resolution.

Another principle, business integrity, focuses on whether the systems achieve their goals by providing the right data, at the right price and at the right time. The privacy policy places great emphasis on encrypting data during transmission, limiting data access and disclosure to authorized individuals or organizations. The final principle, privacy, ensures that personal information is collected, used, stored and disclosed responsibly.

These highlight that Tether has robust IT control measures in place to ensure its systems are secure, accessible when needed, and information is kept private. In addition to network reliability and problem resolution speed, measures such as firewalls, intrusion detection and advanced authentication for customers are also offered.

This measure demonstrates our commitment to becoming the world’s most trusted stablecon

“This compliance measure reassures our customers that their assets and data are managed in an environment that meets the highest standards in terms of data protection and information security,” said Tether CEO Paolo Ardoino. “Independent verification of Tether security controls is vital and demonstrates our commitment to being the world’s most trusted, compliant stablecoin.”

Tether; It constantly updates its security strategy, focusing on leading the way in innovative technology, transparency and accountability to stablecoin users. Its commitment to completing the SOC 2 Type 1 audit supports its work in providing strong security measures for token holders.

Additionally, Tether has committed to taking SOC 2 exams annually to ensure that its operations and security practices are consistently carried out to the highest standards. The company aims to obtain the SOC 2 Type 2 Certificate, which evaluates the security, usability, confidentiality, confidentiality and processing integrity criteria of Tether in 2024-2025, and questions the operating effectiveness of its internal controls for a period of 12 months.

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Tether’s Bitcoin Assets Exceed the 5 Billion Dollar Limit

In the first quarter of 2024, Tether purchased another $627 million worth of Bitcoin, increasing its total assets to 75,354 BTC, thus exceeding the $5 billion mark for the first time with a value of $5.2 billion.



In the first quarter of 2024, Tether purchased another $627 million worth of Bitcoin, increasing its total assets to 75,354 BTC, thus exceeding the $5 billion mark for the first time with a value of $5.2 billion.

With this last purchase Tether, rose to seventh place in the Bitcoin holder rankings. CEO Paolo Ardoino stated that 8,888 Bitcoins were purchased during the quarter and completed in one go on March 31. In May 2023, Tether announced its plan to allocate 15% of its profits to the purchase of Bitcoin each quarter.

Tether Edu

Chinese government launches public blockchain infrastructure platform with Conflux Network

The Chinese government, in collaboration with Conflux Network, has launched the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” aiming to provide a basic public blockchain infrastructure for cross-border applications. This platform will allow the development of applications that will facilitate cooperation between different countries. The project aims to provide an infrastructure for cross-border projects. Conflux Network is a multi-chain blockchain ecosystem and provides the technical power behind this initiative. This step marks the development of cryptocurrencies in the country, despite China’s generally negative attitude towards cryptocurrencies. China has been increasing restrictions on the crypto industry since 2017.

There was a decrease in crypto thefts in March compared to the previous month

There was a decrease in theft incidents in the cryptocurrency sector in March. According to PeckShield’s analysis, $187 million was lost while $99 million was regained. This represents a decrease of 48% compared to February 2024. One of the biggest events was the return of $62 million as a result of the attack on Munchables. Curio ecosystem and Prisma Finance lost $16 and $11 million respectively. WOOFi, on the other hand, lost $8.75 million and offered a reward to the attacker for the return of the funds.

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