Philippines SEC says Gemini Derivatives is unregistered securities product
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Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors
Mutual funds provider ProFund aims to enable crypto exposure for investors without actually buying Bitcoin. 404 Total views 8 Total shares The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or ETFs that performs in parallel with Bitcoin (BTC). ProFunds provides…

Rwandan central bank proceeds with ambitious retail CBDC project
The African country is eyeing a tokenized retail CBDC with offline transfer capabilities as it heads toward a cashless economy.

BTC short-term holders 'likely taking on more risk' as realized cap drops by $6B
Bitcoin short-term holders are “likely taking on more risk” amid long-term holders “likely taking profits,” according to a crypto analyst.

Bitcoin Hovers Near $7K, as Wider Market Tips Back Into the Green
Friday, August 30: following the mid-week’s strong upswing, the crypto markets subsequently saw widespread corrections, but most cryptocurrencies are today consolidating these higher lows. The vast majority of cryptos are in the green, as Coin360 data shows.Market visualization from Coin360Bitcoin (BTC) is trading at around $6,925 at press time, up around 1 percent on the…

MicroStrategy shares slip 8% after its end-of-year Bitcoin buy
MicroStrategy slumped over the last trading day after disclosing its latest Bitcoin purchase, with some market observers raising concern over leverage.

US Treasury: Non-Compliant Fintechs Won’t Survive the War on Terror
United States Treasury undersecretary Sigal Mandelker stated that cryptocurrencies could become “the next frontier” in the war on terrorism.According to a press release published on the U.S. Treasury’s website on Sept. 11, Mandelker made her remarks during the 19th annual international conference on counterterrorism.Cash is still predominantWhile Mandelker admitted that most terrorist organizations still rely…

SHIB, BONE, LEASH tokens dip amid rumors of $2.5M Shibarium gaffe
Shiba Inu and related-token prices plunged since Shibarium's launch, while rumors of a significant technical error in the new Shibarium network have been swirling. The launch of the Shibarium mainnet — a layer 2 scaling solution for the Ethereum network — appears to have gotten off to a rocky start, at least when it comes…

Hong Kong legislator eyes Bitcoin for fiscal reserves
By engaging with stakeholders and focusing on compliance, Wu aims to position Hong Kong as a leader in the adoption of Bitcoin and Web3 technologies.