Indian police have seized an ATM that was set up by local cryptocurrency exchange Unocoin in Bangalore. Harish BV, co-founder and CTO of the Unocoin, has been arrested while he was attending the crypto ATM. Reminder: earlier in April, the Reserve Bank of India (RBI) directed all financial institutions to stop providing services to businesses associated with cryptos.
Bullish:Bakkt has officially announced that Bitcoin Daily Futures Contract will be listed for trading on December 12. Reminder: the Bakkt Bitcoin (USD) Daily Futures Contract is a physically-delivered contract.
the report based on sources from Cboe revealed that approval of an ETF application is highly likely. The source specified that in the meeting between the U.S. SEC commissioner Elad Roisman and the Cboe, VanEck, and SolidX, arguments were made that the Bitcoin ETF should be approved, because previous issues identified by the SEC has been resolved.
Japan’s Financial Services Agency (FSA) has granted the cryptocurrency industry with a self-regulatory status allowing the Japanese Virtual Currency Exchange Association to maintain order with domestic exchanges.
the San Francisco-based cryptocurrency exchange Coinbase announced that its customers can now buy, sell, send and receive the USD Coin (USDC), the stablecoin that was initially launched by the Boston-based financial company Circle. Reminder: earlier this month, Tether (USDT) crashed to as low as $0.51 on Poloniex and $0.85 on Kraken, before recovering back.
Coinbase Custody has obtained a license under New York State Banking Law to operate as an independent Qualified Custodian, providing more opportunities for institutional investors to hedge against possible recession. Coinbase Custody will operate as a standalone, independently-capitalized business to Coinbase Inc.
Taiwanese giant HTC unveiled its first blockchain phone Exodus 1 with cryptocurrency wallet called Zion built into a secure enclave of the device. The phone will be sold exclusively in crypto at a fixed price of 0.15 Bitcoin (BTC) and 4.78 Ethereum (ETH), which is a bit below $1,000. The primary feature of the Exodus 1 is its security, because it was developed to operate as a hardware cryptocurrency wallet.
average transaction fees have fallen significantly from 60 to 2 cents after recent “Bulletproofs” hard fork, which reduced average transaction size for over 80%.