Hong Kong Establishes Subcommittee to Draft Cryptocurrency Regulations, Aiming to Lead Digital Asset Space

by Theresa Joy Lacatan | Jun 26, 2024 | Blog News, Crypto News

Hong Kong in efforts towards becoming a leading regional hub for digital assets with the establishment of a new subcommittee dedicated to drafting comprehensive cryptocurrency regulations. Johnny Ng Kit-Chong, a member of the Hong Kong Special Administrative Region...

Senator Cynthia Lummis Hails Passage of Pro-Bitcoin Bill, Emphasizes States’ Rights

by Theresa Joy Lacatan | Jun 26, 2024 | Blog News, Crypto News

Senator Cynthia Lummis (R-Wyo) celebrated the recent passage of a pro-Bitcoin bill in Louisiana, marking a significant moment for states’ rights in the cryptocurrency landscape. On Monday, Lummis lauded the new legislation aimed at defending Bitcoin rights and...

U.S. Spot Bitcoin ETFs Witness Significant Outflows Amid Bitcoin Price Slump

by Theresa Joy Lacatan | Jun 26, 2024 | Blog News, Crypto News

U.S. spot bitcoin exchange-traded funds (ETFs) recorded a substantial net outflow of $174.45 million on Monday, marking their seventh consecutive day of negative flows. Grayscale’s GBTC led the outflows with $90 million, followed by Fidelity’s FBTC, which...

Ripple Faces Trial Over Securities Litigation as California Judge Partially Denies Motion for Summary Judgment

by Theresa Joy Lacatan | Jun 24, 2024 | Blog News, Crypto News

A California judge on Friday 21 June 2024, ruled that the civil securities litigation against Ripple Labs Inc. will proceed to trial, creating significant ripples in the crypto sector. Judge Phyllis Hamilton of the US District Court for the Northern District of...

3iQ Digital Asset Management Files Preliminary Prospectus for North America’s First Solana ETF

by Theresa Joy Lacatan | Jun 24, 2024 | Blog News, Crypto News

On 21 June 2024, 3iQ Digital Asset Management, a leading Canadian digital asset investment firm, has filed a preliminary prospectus for The Solana Fund, aiming to launch North America’s first Solana exchange-traded product (ETP). The Solana Fund plans to list its...

ED Arrests Manideep Mago in Massive Illegal Foreign Remittances Case Involving Crypto Transactions

by Theresa Joy Lacatan | Jun 24, 2024 | Blog News, Crypto News

The Directorate of Enforcement (ED) on 19 June, 2024 has arrested Manideep Mago under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a significant illegal foreign remittances case. Mago was presented before the court on June...