Regulation

Canada Has Approved Two Bitcoin ETFs — First One Starts Trading Today

<div class=”featured_image_container”> </div> <strong>Two bitcoin exchange-traded funds (ETFs) have been approved in Canada. Evolve Bitcoin ETF has become the second bitcoin ETF to get approval by Canada’s securities regulator. The first approved bitcoin ETF starts trading Thursday. Some believe that the approval of bitcoin ETFs in Canada improves the chances of one being approved by …

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Bitcoin ETF approval more likely under new SEC leadership, says Ark Invest CEO

Ark Investment Management founder and CEO Cathie Wood said the likelihood that U.S. regulators will approve a Bitcoin exchange-traded fund has gone up under the Biden administration. In an interview with CNBC’s Bob Pisani today, Wood said there were two signs that the Securities and Exchange Commission might be more open to greenlighting a Bitcoin …

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Australia’s Blockchain Ecosystem Needs More Support From Regulators, Says Industry Body

Australia’s blockchain and cryptocurrency companies need more support from the federal government and regulators to boost confidence within the country’s business sector, according to Steve Vallas, CEO of advocacy body Blockchain Australia. Speaking at the Senate Select Committee on Financial Technology and Regulatory Technology on Thursday, Vallas said Australia has a blockchain “base” from which …

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US Government Won’t Allow Corporates to Keep Replacing Dollars With Bitcoin, Warns Investment Advisor

<div class=”featured_image_container”> </div> <strong>Dan Nathan, the founder of Risk Reversal Advisors, says that the U.S. government will not keep allowing corporations like Elon Musk’s Tesla to replace dollars with bitcoin. They won’t “let the dollar fall away from being the reserve currency for the world,” which could happen if corporations keep replacing dollars in their …

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Indian Official Provides Updates on Crypto Bill and Transition Period for Crypto Holders: Report

<div class=”featured_image_container”> </div> <strong>As the Indian government gets closer to moving forward with the cryptocurrency bill, an official from the Ministry of Finance reportedly explained what discussions the government has been having regarding the crypto bill and the impending legislation.</strong> Indian Crypto Bill’s Progress Update The Indian government is getting closer to introducing the cryptocurrency …

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Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million

<div class=”featured_image_container”> </div> <strong>Blockchain analysis firm, Chainalysis’ latest crime report has named Mirror Trading International (MTI) as the biggest cryptocurrency scam of 2020. Chainalysis arrived at this conclusion after an investigation found that MTI had taken in $589 million from more than 471,000 deposits. According to the report, MTI’s haul is significantly higher than that …

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Elon Musk Could Face SEC Investigation Over Tesla’s Bitcoin Buy, Lawyers Warn

<div class=”featured_image_container”> </div> <strong>The U.S. Securities and Exchange Commission (SEC) could investigate Elon Musk over Tesla’s $1.5 billion bitcoin purchase, some legal experts have warned, including a former SEC enforcement officer. Given the timing of Tesla’s bitcoin purchase and Musk’s multiple tweets on the subject, some say that the SEC will look into the matter.</strong> …

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Bitcoin ETF Approved: First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange

<div class=”featured_image_container”> </div> <strong>The first bitcoin exchange-traded fund (ETF) in North America has been approved to launch in Canada. Purpose Bitcoin ETF, an alternative mutual fund, is expected to list and trade on the Toronto Stock Exchange. With this approval, the U.S. has fallen behind Canada in approving a bitcoin ETF.</strong> First Bitcoin ETF Approved …

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Nvidia wants to buy CPU designer Arm—Qualcomm is not happy about it

Enlarge / Some current Arm licensees view the proposed acquisition as highly toxic. Aurich Lawson / Nvidia In September 2020, Nvidia announced its intention to buy Arm, the license holder for the CPU technology that powers the vast majority of mobile and high-powered embedded systems around the world. Nvidia’s proposed deal would acquire Arm from Japanese conglomerate SoftBank for …

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Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC

<div class=”featured_image_container”> </div> <strong>The U.S. city of Miami is going full bitcoin. The city commissioners have voted to support the mayor’s resolution to allow payments in bitcoin for salaries, taxes, and fees. The city also supports efforts to make bitcoin an acceptable currency for potentially investing in the state treasury.</strong> Miami Gets Deep Into Bitcoin …

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