The SEC rejected investment firm VanEck’s proposal for a spot bitcoin exchange-traded fund (ETF) on Friday. The decision was widely expected as SEC chair Gary Gensler has indicated his preference for a bitcoin futures ETF over a spot bitcoin ETF several times in the past. Two bitcoin futures ETFs, the ProShares Bitcoin Strategy ETF (BITO) […]

A number of India’s most prominent crypto firms are set to meet with the government next week to provide their views on the industry. India’s Parliamentary Standing Committee on Finance has arranged for a meeting on Nov. 15 to “hear the views of associations/industry experts on the subject “CryptoFinance: Opportunities and Challenges”.” This would be […]

Chia Network, the blockchain and smart transaction platform created by BitTorrent founder Bram Cohen, will provide technical services to Costa Rica’s national climate change metrics system (SINAMMEC), Chia said on Thursday. Through a memorandum of understanding, the Costa Rican government will use Chia’s blockchain technology to develop an open-source software platform for improving the management […]

On Thursday, Universal Music Group (UMG) announced it had signed Kingship – not a musician, but a collection of four anthropomorphic non-fungible tokens (NFT). Billed as a “metaverse group,” Kingship is a partnership between UMG and the NFT investor Jimmy McNelis, who owns the four tokens in question. Conceptually, it’s a little like Gorillaz, the […]

Investors may be better off owning bitcoin directly versus shares of Coinbase Global Inc. (COIN) in order to avoid headwinds including growing competition and the ongoing “commoditization of cryptocurrency exchanges,” Mizuho Securities USA told clients in a note Thursday. Mizuho has a neutral recommendation on Coinbase shares and a $300 price target. Coinbase was recently […]