Solana ETF in the works: 3iQ files for new ETP in Canada

Republican House Financial Services Committee members are resisting proposed changes to the 1934 Exchange Act in a letter to the Securities Exchange Commission. 240 Total views 12 Total shares Ranking member of the United States House Financial Services Committee Patrick McHenry and ranking member of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets Bill…

Tuesday, June 11 — crypto markets are trading sideways, with the top 20 coins by market cap predominantly seeing red at press time, according to data from CoinMarketCap.Market visualization from Coin360Bitcoin (BTC) has failed to hold the $8,000 price point that it broke yesterday after seeing another dip below $7,900 before. At press time, bitcoin…

11.4 million Bitcoin is held by long term investors, diminishing the tradeable supply to only 20% of the total Bitcoin supply. 1403 Total views 43 Total shares According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians.Breakdown of Bitcoin supply. Source: Chainalysis.Digital goldThe company…

The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong 1281 Total views 21 Total shares Following the announcement of a disappointing closure of a Ugandan subsidiary in October, Binance — the world’s largest cryptocurrency exchange — released a blog post yesterday indicating that another initiative, Binance P2P, is making…

Crypto fund manager Grayscale Investments is believed to have purchased one-third of new Bitcoin for three months. 2216 Total views 61 Total shares Grayscale Investments, a crypto investment fund manager and subsidiary of Barry Silbert’s Digital Currency Group, is estimated to have purchased up to one-third of all newly minted Bitcoin during the past three…

The ESMA analyzed the impact of COVID-19 on financial markets, highlighting the supposed risks linked to crypto investment. 4537 Total views 18 Total shares The European Securities and Markets Authority, the European Union's independent financial authority, has warned about the high risk of cryptocurrency investment.In its latest “Trends, Risks and Vulnerabilities” report published Wednesday, the…

There’s more trouble in DeFi as Solend launches a spur-of-the-moment move to crack into a whale’s wallet. 811 Total views 8 Total shares On Sunday, the decentralized finance (DeFi) sector came under scrutiny again after DeFi protocol Solend put together a spur-of-the-moment governance proposal related to one of the whale wallets at risk of liquidation. The…

South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county. 3402 Total views 21 Total shares Kim Boo-kyum, recently nominated as Prime Minister by South Korea’s President Moon Jae-in, has said he will look into the country’s crypto tax law.According to a report by KBS World, the Prime Minister…

A recent study by blockchain-oriented research firm Clovr found that cryptocurrency coverage in the mainstream media spikes when the market drops off. The analysis tracked the correlation between coverage on crypto values over the past five years and the sentiments of published materials.Source: ClovrIn the course of its research, Clovr surveyed 48 mainstream U.S.-based and…