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South Korean crypto exchange giant Bithumb has suspended the issuance of new KYC bank-linked virtual accounts after failure to renew and establish a contract with a bank, as mandated by new guidelines this year. Starting today, August 1, Bithumb – one of Korea’s ‘big four’ exchanges – is no longer issuing new virtual accounts to customers due to the lack of a banking partner, according to a report by Business Korea. The freeze will not impact customers who already have virtual accounts at the exchange, used for deposits and withdrawals through linked bank accounts. Read whole article...
Digital asset manager Bitwise has filed with the U.S. Securities and Exchange Commission (SEC) to launch a regulated exchange-traded fund (ETF) for cryptocurrency, according to a July 24 press release. The Bitwise HOLD 10 Cryptocurrency Index will include 10 cryptocurrencies, and will track the Bitwise HOLD 10 Private Index Fund that was founded in November. According to the press release, the HOLD 10 Index captures around 80 percent of total market capitalization of the cryptocurrency market. Read whole article...
On August 10th, 2018, the SEC will announce their decision to either approve, deny or extend the decision-making period on Cboe/VanEck/Solid X’s Bitcoin ETF. As that historic date rapidly approaches, both excitement and chaos regarding its details have ramped up. Here are a few conflicting or unclear stories circulating regarding proposed ETFs. Read whole article...
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