Tag: exchanges
SEC, Stock Exchange Officials Meet Ahead of Potential Spot Bitcoin ETF Approval
The U.S. Securities and Exchange Commission met with major exchanges yesterday to discuss the pending applications for Bitcoin spot exchange-traded funds, according to people familiar with the matter.
India Warns Nine Crypto Exchanges to Block Access or Face Action
India’s simmering tension with cryptocurrencies reached a boiling point as nine offshore exchanges, including Binance and KuCoin, received stern compliance notices on December 27th, 2023. The stark message: register with Indian authorities and comply with anti-money laundering (AML) and counter-financing of terrorism (CFT) regulations, or face immediate website blocking and potential legal action. This aggressive move signals a major escalation in India’s ongoing regulatory battle with the digital asset industry.
Bitcoin SV Surges 65% in a Day as Korean Traders Pile In
Bitcoin SV (BSV) unleashed a jaw-dropping 65% rally in a single day, leaving onlookers bewildered and market analysts scrambling for explanations. Fueled by a sudden surge in buying pressure from South Korean traders, the once-beleaguered cryptocurrency catapulted from $42 to a dizzying high of $69 before settling back slightly. The unexpected eruption fueled speculation about renewed interest in BSV’s contentious hard fork of Bitcoin and its claims of superior scalability and transaction processing power. However, some remain cautious, attributing the surge to potential market manipulation or short-squeeze dynamics within the Korean exchanges.