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

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,

HSBC, a premier financial institution in Hong Kong, has taken a substantial step by giving its customers the freedom to trade Bitcoin exchange-traded funds (ETFs). This decision signifies a change in the attitude of conventional banks towards Bitcoin, considering that HSBC had previously demonstrated reluctance in embracing Bitcoin. HSBC'

After an exhaustive two-year pursuit, CoinDesk has obtained documents related to Tether's reserves, following a Freedom of Information Law request filed in New York State. The result? It seems the pursuit might have been a wild goose chase, revealing no smoking guns and leaving many to wonder if

Valkyrie is seeking to establish a Bitcoin spot exchange-traded fund (ETF), aligning itself with numerous other financial entities that have submitted comparable applications to the U.S. Securities and Exchange Commission (SEC) over the past week.  On June 21st, Valkyrie submitted an S-1 registration form for a Bitcoin spot ETF

In a notable move, WisdomTree, a renowned exchange-traded fund (ETF) provider, has submitted an application for regulatory approval to introduce the WisdomTree Bitcoin Trust.  The trust aims to be listed on the Cboe BZX Exchange. This filing follows closely after BlackRock's recent application for a spot Bitcoin ETF,

The world's largest asset manager, BlackRock, is reported to be submitting a Bitcoin ETF (Exchange-Traded Fund) application. As part of their endeavor to establish a Bitcoin ETF, BlackRock has selected Coinbase Custody as their go-to for custodial services.  In addition, BlackRock will employ spot market data from Coinbase

In a move to establish itself as a digital-asset hub, Hong Kong has announced that retail investors can now engage in Bitcoin and crypto trading under its newly introduced rulebook for the sector.  This development comes amidst contrasting approaches between the industry and regulators across other Asian regions. Hong Kong