Why now? SEC took eight years to authorize a Bitcoin ETF in the US
The SEC has been holding steady for years, but the real-world dynamics of crypto adoption and maturation rendered an ETF approval all but inevitable. Eight years in the making, the United States Securities and Exchange Commission’s (SEC) silent approval of a Bitcoin (BTC) exchange-traded fund (ETF) last week elicited a wave of exuberance in the crypto space and sent the price of the key digital currency to a new all-time high. Despite some analysts and industry participants having reservations regarding the nature of the approved product — ProShares Bitcoin Strategy ETF (BITO) and Valkyrie....
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The controversial section 215 of the Patriot Act which has allowed mass collection of American's phone call metadata is set for reform or expiry by the first of June, does it really matter? The United States Court of Appeals for the Second Circuit ruled on Thursday that the bulk collection of Americans’ phone metadata by the NSA was NOT in fact authorized by section 215 of the Patriot Act, despite surveillance supporters' claims to the contrary. The ruling continues, “We do so comfortably in the full understanding that if Congress chooses to authorize such a far-reaching and unprecedented....
The Bitcoin firm BitGold, which is a Canadian international savings and payments service, that enables individuals and businesses to transact with physical gold, has announced that it has successfully created a direct link with nine of America's biggest banks. The firm also announced that it has successfully activated a "secure and direct link through a proprietary authorization with Chase, Bank of America, Wells Fargo, Citi, US Bank, USAA, Fidelity, Charles Schwab, Capital One and even American Express" which enables a user to verify his identity and authorize his account to purchase or....
Late last night, Bitcoin payment processing company Coinbase released an announcement via its community platform. According to the head of support, the company had discovered a phishing attack earlier that morning, an attack involving an email that requests users to accept a new terms of service agreement and - in the process - sign into their account. Upon signing in, the account would authorize an attempt to remove BTC from the user's wallet. According to Coinbase, only a few individuals have been affected and the company has promised to reimburse them for the coins lost while it....
Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones where it will probably ban the extraction of digital currencies. Expert Lists Russian Regions Most Suitable for Crypto Mining and Those Expecting Ban The Central Bank of Russia and the Ministry of Finance recently agreed on legislation designed to regulate the mining of cryptocurrency that should....
Russia is preparing to authorize international crypto payments but people involved in the industry doubt this would allow the country to circumvent sanctions. At the same time, the United States has been tightening the noose, recently targeting the use of cryptocurrencies to dodge the financial restrictions imposed by the West with new legislation in Congress.
Russian Crypto Experts Claim Circumventing Sanctions With Cryptocurrency Is a ‘Great Illusion’
This week, Russian authorities announced they had started developing a mechanism for cross-border settlements....