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Bitcoin Futures ETF Could Launch In October, SEC Seeks To Monitor DeFi Markets For BTC Peers

© Reuters. Weekly Roundup: Bitcoin Futures ETF Could Launch In October, SEC Seeks To Monitor DeFi Markets
  • PayPal’s Bitcoin and cryptocurrency services have expanded to the UK.
  • According to SEC Chairman Gary Gensler, Bitcoin is as real as possible.
  • China’s Yingjiang County has asked hydroelectric plants to cut off power to Bitcoin miners.
  • Before the full implementation of its Bitcoin Law, which will take effect on September 7, El Salvador is building the infrastructure to support its transition.
  • During the past week, MicroStrategy bought $ 177 million worth of Bitcoin.
  • Citigroup (NYSE 🙂 has revealed its intention to launch Bitcoin futures products for its institutional clients.
  • According to a Bloomberg ETF analyst, the US SEC could approve a Bitcoin futures product starting in October.
  • Online publishing platform Substack has started accepting Bitcoin payments.
  • Institutional investors now control around 8% of the total Bitcoin supply after buying 1.6 million BTC.
  • Powerbridge Technologies, a provider of SaaS solutions and blockchain applications, has arranged to buy 5,600 mining rigs for Bitcoin and Ether.
  • A recent filing with the SEC has revealed that the investment banking giant Morgan stanley (NYSE 🙂 has over a million dollars in Bitcoin through Grayscale’s Bitcoin Trust.
  • Chinese tech company Meitu has lost more than $ 17 million on its Bitcoin investment after buying at the top in April.
  • In his latest attack on Bitcoin, an executive at China’s central bank said that the digital asset is worthless.
  • Cuba is reflecting on the acceptance of Bitcoin and cryptocurrencies for payments.
  • Honduras got its first Bitcoin ATM.
  • Twitter’s Jack Dorsey is interested in launching a decentralized Bitcoin-based exchange.
  • Since the Ethereum upgrade went live in London, the network has burned over 100,000 ETH valued at over $ 300 million.
  • Ethereum Name Service (ENS), an open source protocol that links users’ domain names to Ethereum addresses, has enabled support for traditional domain names.
  • The Ethereum network has suffered a chain split after a major error.

In other news

  • The Cardano-based KICK.IO platform will begin its public sale on September 16.
  • Credifi, an Ethereum-based DeFi lending protocol, has added three new strategic partners: Lucid Blue Ventures, Marshland Capital, and Magnus Capital.
  • ICON Hyperconnect has collaborated with YDragon to develop a cross-chain DeFi index.
  • Payment giant Visa (NYSE 🙂 jumped on the NFT train with the purchase of a CryptoPunk for $ 150,000. Similarly, Budweiser bought an NFT bottle rocket for about $ 25,700.
  • Phemex, a professional-grade cryptocurrency exchange, has enabled support for Solana.
  • Parma Calcio 1913 has partnered with Gravity Sport for the 2021/22 season.
  • According to a Chinese court, cryptocurrencies are not protected by law.
  • About a third of crypto exchanges in South Korea will be shut down after failing to comply with the new regulatory measures.
  • Binance’s recent efforts to comply with regulatory measures may finally be paying off. Earlier this week, the UK Financial Conduct Authority announced that Binance had “met all aspects of the requirements.”
  • Up to 11% of young Americans invested their COVID-19 stimulus checks in cryptocurrencies.
  • India’s central bank digital currency is expected to launch by the end of the year.
  • The SEC has signed a partnership with a blockchain analytics company to investigate the DeFi market.

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