An application for a blockchain-focused ETF has been filed with China’s securities regulator, according to a disclosure from the China Securities Regulatory Commission. An application for a blockchain-focused exchange-traded-fund (ETF) has been filed with China’s securities regulator, according to a disclosure from the China Securities Regulatory Commission. The proposal, filed on Dec. 24 by Shenzhen-based…
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China has waged war on domestic cryptocurrency trading activities since 2017. Here is how the approach changed in 2019. While China has waged war on domestic cryptocurrency trading activities since 2017, this year saw it tighten the screws as hype around crypto’s underlying blockchain technology renewed interest in digital assets. Below is a summary of…
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Major South Korean crypto exchange BitHumb considers administrative litigation over $68.9 million tax bill. Major South Korean cryptocurrency exchange Bithumb is reportedly looking to undertake administrative litigation over an $68.9 million (80 billion won) tax bill. English-language local news outlet KoreaHerald reported on Dec. 29 that the local tax agency has handed down over 80…
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Chinese securities regulators in Beijing have urged authorities to carry out relevant actions aimed at preventing the usage of cryptocurrencies by the public. China’s securities regulators has urged Beijing authorities to carry out relevant actions aimed at preventing the usage of cryptocurrencies by the public. In a Dec. 27 announcement on the China Securities Regulatory…
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Chinese mining ASIC manufacturer Canaan will launch new, improved mining machines with 5-nanometer chips in Q1 2020. Chinese mining application-specific integrated circuit (ASIC) manufacturer Canaan will launch new, improved mining machines with 5-nanometer chips in Q1 2020. Chinese industry news outlet 8BTC reported on Dec. 24 that the new ASICs will have significant advantages compared…
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Financial services firm Tokai Tokyo Financial Holdings will invest about 500 million Japanese yen (nearly $4.6 million) in crypto exchange Huobi Japan. Japanese financial services firm Tokai Tokyo Financial Holdings will invest about 500 million yen (nearly $4.6 million) in the Japanese branch of cryptocurrency exchange Huobi. According to a press release on Dec. 26,…
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The stock exchange of China’s technology capital Shenzhen, the Shenzhen Stock Exchange, launched an index tracking the performance of 50 blockchain firms. The stock exchange of China’s technology capital Shenzhen, the Shenzhen Stock Exchange (SSE), launched an index tracking the performance of 50 blockchain firms. According to an announcement on Dec. 24, the index will…
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The government of Uzbekistan has banned its citizens from purchasing cryptocurrencies. The government of Uzbekistan has reportedly barred its citizens from purchasing cryptocurrencies. According to local news outlet Novosti Uzbekistana on Dec. 25, the National Project Management Agency has banned citizens from purchasing crypto, even on established exchanges. The decision comes as a surprise to…
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SBI will invest an undisclosed amount in Boerse Stuttgart Digital Exchange and Boerse Stuttgart Digital Ventures to drive crypto adoption. Japanese financial services giant SBI has partnered with Germany’s second-largest stock exchange Boerse Stuttgart Group to promote the adoption of digital assets. Specifically, SBI will invest an undisclosed amount in two digital asset-focused subsidiaries of…
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Maker Foundation Sells $27.5 million MKR to Dragonfly Capital and Paradigm, expanding their influence in Asia while driving DeFi adoption. The Maker Foundation, the group behind the decentralized crypto platform MakerDAO, announced today that venture capital funds Dragonfly Capital Partners and Paradigm have acquired $27.5 million worth of MKR. This is approximately 5.5% of the…
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