SEC to reject bids for spot Solana ETFs — Report
The US financial regulator has reportedly notified at least two of five issuers seeking approval for a spot SOL exchange-traded fund.
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Asian Countries Leading the Way for FATF Travel Rule
CoolBitX Founder Michael Ou believes regulators in Asia are leading the way when it comes to compliance with the Financial Action Task Force (FATF) travel rule, which is due to be implemented in June.The startup has developed a solution to the travel rule, called Sygna Bridge, which allows exchanges to communicate the identities of the…

Transak secures Alabama license, expands US crypto services
The Alabama Money Transmitter License marks a major milestone in Transak’s US growth as it works toward full state-level coverage.

SBI’s Crypto-Focused Venture Capital Arm Sees Major Turnaround On Year
SBI Securities’ trading revenue surged 19.2% in 2019, largely due to the inclusion of the company’s crypto investment wing, which turned a $7.1 million loss into a $30 million profit over the year.Japanese financial services giant SBI Holdings released its new financial report on Oct. 30. The report analyzed results for the six-month period ended…

Binance Denies Police Raid, Bitcoin Wipeout, Facebook ‘Stupid’: Hodler’s Digest, Nov. 18–24
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Microsoft leads startup Palm NFT Studio’s $27M series B round
M12 adds early-stage Palm NFT Studio to its portfolio with participation from venture firm Griffin Gaming Partners. 1223 Total views 33 Total shares Crypto startup Palm NFT Studio announced a Series B raise of $27 million on Thursday led by Microsoft’s venture fund M12. Palm NFT, cofounded by ConsenSys founder and Ethereum co-founder Joseph Lubin, provides…

Bitcoin Price Prepares for $12,900 After Key Support Level Is Retested
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Don’t panic? ‘Smart money’ whales are waiting to buy Bitcoin at $8,800
The price of Bitcoin (BTC) abruptly declined by 10% in a single day on Sep. 4. Following the dip, the sentiment around the cryptocurrency market has become noticeably cautious with the Cryptocurrency Fear & Greed Index flashing “fear” for the first time since July.A massive Bitcoin buy order at $8,800 on Bitfinex. Source: Cole GarnerHowever,…