Grayscale had applied to turn the Grayscale Bitcoin Trust into a spot Bitcoin ETF. In a statement, the CEO of Grayscale said the SEC's approval of a spot Bitcoin ETF was “problematic when to approve it."
DeFi's Grandpa Says Crypto Is Dead
Andre Cronje, “DeFi's Grandfather,” who recently announced that he had abandoned all projects linked to the crypto ecosystem, mocked the sector on Monday saying it was “dead” because of its crypto culture's focus on wealth and ego.
Ireland Prohibits Cryptocurrency Donations to Political Parties
Protection against social media campaigns spreading false information is also part of the importance attached to the cryptocurrencies being discussed to counter the alleged Russian cyber-attack intervention. At the same time, election reforms were announced that would prohibit political parties from accepting donations in the cryptocurrency.
Russian Banking Association Seeks to Ban Cryptocurrency Wallet Applications
Russian Banks Association, where the number of Russian banks and financial institutions exceeds 300, has called on deputies to criminalize cryptocurrencies held outside the central stock exchanges.
Ethereum Foundation Releases First Report
Ethereum's largest non-profit organization has revealed how much ETH it has in its treasury. As part of its effort to increase transparency by communicating its vision to the Ethereum community, the Foundation reports that 80.5% of the $1.6 billion is held in ETH, accounting for 0.297% of the total ETH supply.
Fidelity Investments Launches Cryptocurrency ETFs
“We continue to see demand for fast-growing industries, especially from young investors,” said Fidelity Investments, which has more than $11 trillion under its execution. In addition, the company announced that they launched funds to be traded on the stock exchange focusing on the crypto ecosystem and metaverse.
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