SEC Chair Gary Gensler responds to concerns about first Bitcoin-linked ETF

[ad_1] SEC Chair Gary Gensler and Proshares CEO Simeon Hyman discussed the launch of the first Bitcoin-linked ETF in a CNBC breaking news segment on Tuesday. Proshares Bitcoin Strategy ETF, also known as BITO, is based on CME Bitcoin futures contracts. CNBC commentator Bob Pisano shared concerns from some investors that BTC futures could deviate from the BTC spot price: “The futures market is a better place for price discovery,” said Hyman. “The CME futures market trades more volume than the largest US crypto exchange. We launched a similar mutual…

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Malta Chamber of Commerce business unit responds to allegations of lax crypto oversight

[ad_1] A business unit within Malta’s Chamber of Commerce has struck down allegations that the country failed to uphold proper regulatory oversight of cryptocurrency businesses in its early embrace of the industry in 2017 and 2018.  The Virtual Financial Assets Agents Business Unit of the Malta Chamber of Commerce responded to a Sunday report from the Times of Malta alleging that global financial regulators are concerned about money laundering and lax regulatory oversight of crypto businesses within the country. Specifically, sources close to a recent Financial Action Task Force meeting…

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Kim Dotcom Insists ‘Bitcoin Cash Will Serve the Mass Market,’ Criticizes BTC Fees, Elon Musk Responds – Bitcoin News

[ad_1] On Wednesday, the digital entrepreneur Kim Dotcom took to Twitter and talked an awful lot about the stark differences between bitcoin fees and bitcoin cash fees. While tagging Tesla’s Elon Musk in the thread, Dotcom explained that more than half the payments in the world are under $10 and the Bitcoin Cash network is “serving the mass market, [and] not just the 1%.” Kim Dotcom: Bitcoin Cash Serves the Mass Market On March 24, the cryptocurrency community was ecstatic to hear about Tesla accepting bitcoin (BTC) for payments. Following…

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