Author name: Peter

The Risks of Coinbase’s Role as Custodian for Bitcoin Spot ETF Applications

The Importance of Custodial Risk When it comes to the approval of the Bitcoin Spot ETF, one question arises: Who's carrying the bags? As Coinbase secures its position as custodian for 9 out of 12 Bitcoin Spot ETF applications, it's worth delving into the risks associated with this role. Custodial risk refers to the potential […]

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Prospera Adopts Bitcoin as Unit of Account: Paving the Way for a Bitcoin Circular Economy

The First Steps towards a Bitcoin-Based Economy The city of Prospera in Honduras has recently taken a groundbreaking step by adopting bitcoin as a unit of account. This decision allows businesses to pay taxes and determine financial obligations using bitcoin. With bitcoin already being recognized as legal tender in the city since 2022, this move

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SEC’s Unauthorized Spot Bitcoin ETF Announcement: A Social Media Mishap

Introduction The U.S. Securities and Exchange Commission (SEC) made waves in the cryptocurrency community when its official social media account on X platform announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, within minutes of the announcement, SEC Chairman Gary Gensler clarified that the post was unauthorized and that the agency's social

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Nigerian Payments Fintech Startup Cleva Secures $1.5 Million in Pre-Seed Funding

Cleva, a Nigerian fintech startup, has successfully raised $1.5 million in pre-seed funding, with support from Y Combinator, a prominent technology startup accelerator in the United States. The funding round was led by 1984 Ventures, an early-stage venture capital firm, and included participation from The Raba Partnership, Byld Ventures, Firstcheck Africa, and a number of

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Australian Government Official Questions ASIC Over Failure to Issue Warning Against Hyperverse Crypto Investment Scheme

ASIC Accused of Neglecting Investor Protection An Australian government official has raised concerns about the Australian Securities and Investments Commission (ASIC) failing to issue a consumer warning against the Hyperverse crypto investment scheme. Stephen Jones, the assistant treasurer in the Australian government, plans to query ASIC's decision and question why it did not follow the

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SEC Approves 11 Spot Bitcoin ETFs for Listing on U.S. Stock Exchanges

The U.S. Securities and Exchange Commission (SEC) has made a groundbreaking decision by approving 11 spot bitcoin exchange-traded funds (ETFs) to be listed and traded on major U.S. stock exchanges. This move comes after years of anticipation and regulatory challenges, and the approved spot bitcoin ETFs are set to begin trading on Thursday on NYSE

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The Arizona State Senate Considers Proposal to Include Bitcoin ETFs in State Retirement Systems

The Arizona State Senate is currently reviewing a proposal to encourage the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to explore the possibility of adding Bitcoin ETFs to their investment portfolios. This move comes after the bill passed the Senate's Third Reading on February 22 with a 16-13 vote

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The SEC Approves 11 Bitcoin ETFs, But Bitcoin’s Price Remains Stagnant

In a groundbreaking move, the U.S. Securities and Exchange Commission (SEC) has given its approval to 11 spot bitcoin exchange-traded funds (ETFs), a decision that has been eagerly awaited by cryptocurrency enthusiasts. Despite this significant regulatory milestone, the price of bitcoin has shown little movement over the past 24 hours. In contrast, ethereum has experienced

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