Hong Kong to Approve Bitcoin and Ethereum ETFs

Hong Kong is set to approve its first spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) as early as Monday, according to Bloomberg. Approval Process The Securities and Futures Commission (SFC) is finalizing the approval process, with Harvest Global Investments and a partnership between Bosera Asset Management and HashKey Capital likely to receive the…

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GBTC Fees: When They’ll Drop and Why

Grayscale CEO Michael Sonnenshein has shed light on when his company plans to lower fees for the Grayscale Bitcoin Trust (GBTC). When Fees Will Drop Sonnenshein says GBTC fees will only go down once “Spot Bitcoin ETFs start to mature.” Spot Bitcoin ETFs are funds that track the price of Bitcoin, and GBTC currently has…

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Kraken to Delist Monero in Ireland and Belgium

Kraken, a major cryptocurrency exchange, is planning to delist Monero (XMR) in Ireland and Belgium starting in June. Delisting Timeline May 10, 2024: Trading and deposits for XMR will be halted. June 10, 2024: Withdrawals for XMR will be halted. June 10, 2024: Any remaining XMR balances will be automatically converted into Bitcoin (BTC). Impact…

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Bitcoin Mining Power Surges, Boosting Network Security

Hashrate Nears All-Time High The total computing power used by Bitcoin miners has climbed to near-record levels, a sign of increased network security. This “hashrate” is crucial for preventing malicious attacks on the blockchain. Difficulty Adjustment As the hashrate rises, the Bitcoin network automatically adjusts its difficulty to maintain a steady block production rate. This…

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SEC Investigation into Dapper Labs: What We Know

Investigation Abruptly Closed Fortune Magazine recently reported that the Securities and Exchange Commission (SEC) investigated Dapper Labs, a prominent NFT company, until September 2023. However, the investigation was abruptly closed, leaving many questions unanswered. Reasons for Investigation Unclear The SEC has not disclosed the reasons for the investigation, its duration, or why it was closed….

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