cryptocurrencytrading
The People’s Bank of China (PBOC) banned cryptocurrency trading on Friday, declaring that all activities related to this type of asset –from payments and trading to advertising– are now illegal. Bitcoin and ethereum dived 8% and 11% on the announcement, respectively. Q2 2021 hedge fund letters, conferences and more Cryptocurrency Trading Banned“Overseas virtual currency exchanges that use the internet to offer services to domestic residents is also considered illegal financial activity,” the PBOC said, according to a CNBC translation. Reuters reports that the regulator’s move was rooted in the...
ValueWalk
A decision from the Securities and Exchange Commission (SEC) regarding a number of bitcoin ETFs is imminent. In recent weeks, several significant players (Fidelity and VanEck, amongst others) in the corporate world have thrown their weight behind cryptocurrencies and attempted to enter the digital market using ETFs, sparking debates about what an approval would mean for the crypto and blockchain sphere. Q1 2021 hedge fund letters, conferences and more The Approval Of A Bitcoin Exchange-Traded FundRachid Ajaja, CEO and CoFounder of AllianceBlock, the first globally compliant decentralized capit...
ValueWalk
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