The Thailand Securities and Exchange Commission (SEC) approved the first spot Bitcoin (BTC) exchange-traded fund (ETF) in the country, making it available only to ultra high net-worth individuals. According to the Thailand-based daily newspaper Bangkok Post, the country’s SEC gave the green light to the local asset management company, One Asset Management (ONEAM), to launch its spot BTC ETF. The investment product is called the “ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI).” However, the report says that the ETF will not be available for…
Category: CryptoX News
Spot BTC ETFs start 4th consecutive week with positive inflows
Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have started their fourth consecutive week with positive gains while BTC consolidates. According to data provided by Farside Investors, spot BTC ETF products in the U.S. recorded $105.1 million in inflows on June 3 — making a positive entrance into the fourth straight week. The majority of the inflows came from Fidelity Wise Origin Bitcoin Fund (FBTC), worth $77 million. Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF(ARKB) registered $14.3 million and $10.7 million inflows, respectively. Moreover, VanEck Bitcoin Trust…
Kaspa (KAS) surges 20%, eyeing all-time high
KAS, the native token of the proof-of-work cryptocurrency Kaspa, has soared 20% as its price nears a potential all-time high. At the time of writing, Kaspa (KAS) has experienced a 200% increase in trading volume and an 18% increase in price during the previous 24 hours. The cryptocurrency asset has risen 25% in the previous seven days and 61% in the last 30 days, indicating an optimistic prognosis for the altcoin this month. KAS 24-hour price chart | Source: CoinMarketCap According to CoinMarketCap, the token now ranks 26th in the…
ERC-6900 Website Launches, Co-Authored by Ethereum Foundation, Alchemy, Circle and Quantstamp
The official resource for ERC-6900, www.erc6900.io, has been launched, co-authored by the Ethereum Foundation, Alchemy, Circle, and Quantstamp. The website is a comprehensive guide to ERC-6900, a groundbreaking proposal that standardizes interfaces for composable smart accounts. The core idea behind ERC-6900 is to foster permissionless innovation by making it easier for developers to build secure, […] Source CryptoX Portal
Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked Crime
The Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data, almost $550 million was involved in digital asset crimes during 2023, with 90% of these cases involving […] Source CryptoX Portal
Dubai Financial Services Authority Updates Regulatory Framework for Crypto Tokens
The Dubai Financial Services Authority (DFSA) announced amendments to its crypto token regime on Monday, enhancing the regulatory environment for crypto tokens in the Dubai International Financial Centre (DIFC), a special economic zone. The amendments address investment in recognized and unrecognized crypto tokens, custody and staking of crypto tokens, compliance with financial crime regulations including […] Source CryptoX Portal
Michael Saylor, MicroStrategy to pay $40m in tax evasion settlement
MicroStrategy CEO and Bitcoin supporter Michael Saylor has agreed to the largest income tax settlement deal in Washington D.C.’s history. According to The Washington Post, Bitcoin (BTC) advocator Michael Saylor and his software company MicroStrategy reached a $40 million payment package with the state to settle a tax evasion lawsuit. Attorney General Brian L. Schwalb’s case revolved around Saylor’s residency and tax returns between 2005 and 2021. While Saylor claimed he lived in Florida, city attorneys had reason to believe he lived in a luxury apartment and on yachts within the…
Coinbase Raises Fairshake Super PAC Fund by $25M to Push Crypto Legislation
Coinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000 advocates and their impact on key legislative votes. Armstrong also mentioned Coinbase’s recent $25 million contribution to the Fairshake Super PAC, […] Source CryptoX Portal
Trust Wallet onboards Mercuryo for crypto-fiat swaps
Trust Wallet and Mercuryo have partnered to power crypto off-ramps for more than 30 digital assets. While cryptocurrencies allow participants to store value in virtual assets built atop decentralized networks, many real-world payments still require fiat vehicles for settlement in many countries and jurisdictions. Giant self-custody provider Trust Wallet and payments infrastructure firm Mercuryo have teamed up to enable users to turn their digital coins into real-world money, a process dubbed “off-ramping.” Commenting on the collaboration, Mercuryo co-founder and CEO Petr Kozyakov said, “having access to a seamless off-ramp service” is…
Okx Launches Crypto Exchange and Wallet in the Netherlands
Global crypto trading platform Okx has launched its centralized exchange and wallet in the Netherlands. Dutch customers can now engage in spot trading and convert services for over 150 cryptocurrencies, including more than 60 crypto-Euro pairs. The platform integrates with Ideal, a popular online payment system in the Netherlands, for instant, fee-free deposits, and offers […] Source BitcoincryptoexchangeExchanges CryptoX Portal