In a recent wave of increasing institutional interest in Bitcoin, Fidelity Investments has resubmitted a spot Bitcoin ETF application. This step follows similar filings by various prominent financial entities. On January 27th 2022, the SEC rejected Fidelity’s initial application for a Spot Bitcoin ETF after rejecting applications from First

The North Carolina House of Representatives has approved House Bill 721 to research the benefits and acquisition of Bitcoin and virtual currencies. The bill, now referred to the Senate, aims to investigate state-level virtual currency management. The proposed law acknowledges the increasing significance of Bitcoin and virtual currencies, as stated

Tether, a stablecoin issuer, has signed a memorandum of understanding (MoU) with the Georgian government. The objective is to establish Bitcoin and peer-to-peer (P2P) infrastructures within the nation.  This strategic alliance between Tether and the Georgian government will primarily concentrate on creating the necessary infrastructure to foster a flourishing startup

After issuing a cease and desist order, the Financial Institutions Division of Nevada has once more taken action against the cryptocurrency custodian, Prime Trust. This time, they have sought to appoint a receiver. A receivership is a court-appointed tool aiding creditors in retrieving defaulted funds and helping companies avoid bankruptcy,