SEC postpones decision on Grayscale and Bitwise Bitcoin Spot ETF to early February
The US Securities Exchange Commission (SEC) continues to delay the physically-backed Bitcoin exchange-traded fund (ETF) from trading. The SEC has extended its review of NYSE Arca’s Bitcoin ETF, named Bitwise Bitcoin ETP Trust, and Grayscale Bitcoin Trust’s Bitcoin ETF. The new deadlines to review two proposals have been shifted to February 2022, as the agency needs more time to review the potential rule change further.
ConsenSys And Mastercard Partner To Release Ethereum Scaling Solution
Consensys and Mastercard have announced the launch of ConsenSys Rollups. The new solution will provide leading financial organizations enterprise-grade scalability, helping them address the key issues and provide “scalability and privacy” capabilities to applications connected to any blockchain compatible with the Ethereum Virtual Machine.
Vkyraire Launches Innovative Balance Sheet Bitcoin Exchange-Traded Fund For Investors
The Valkyrie Funds launched a new exchange-traded fund (ETF) yesterday which manages public firms with bitcoin on the balance sheet. This Balance Sheet ETF aims to give investors exposure to bitcoin by holding firms that directly or indirectly invest in, transact in or hold Bitcoin on their balance sheets.
Ray Dalio Says Bitcoin is Alternative to Gold for younger Generations
In a recent interview with MarketWatch, Dalio, the former crypto-skeptic said “he believes in blockchain technology because it has earned credibility. Regarding investment wallets, Dalio also mentioned that “Bitcoin is almost an alternative to gold for a younger generation”.
NBA Star Kevin Durant Goes Crypto With Coinbase Deal
NBA player Kevin Durant inked a fresh deal with crypto exchange Coinbase to appear as “a face of the brand.” Sequentially, Coinbase will run cryptocurrency ads and sponsored content on Boardroom, Durant’s sports website, and donate to Durant’s charitable foundation to support the youth.
RBI board discusses CBDC, private cryptocurrencies
The central board of the Reserve Bank of India (RBI) discussed issues related to Central Bank Digital Currency (CBDC) and private cryptocurrencies, the RBI said in a press release. This development assumes significance as the Indian government is currently in the process of finalising a national law to regulate cryptocurrencies. The RBI is in the process of rolling out a CDBC, which is a digital form of fiat currency.
Revenue from crypto scams surges 81% in 2021: Report
As per the Chainalysis’ 2022 Crypto Crime Report, the money collected from crypto-related scams and crimes worldwide touched almost $7.7 billion, surging ~81% over the previous year. Nearly 37% of the total amount (or $2.8 billion) belonged to “rug pulls” scams taking place in the Defi ecosystem. A rug pull is a type of scam where developers abandon a project and run away with investors’ money.