Bybit exchange suspends services in India due to regulatory pressure

January 10, 2025 Coin Telegraph

Bybit will continue honoring user withdrawal requests despite temporarily halting other services.

Bybit, a global crypto exchange, announced a temporary suspension of its crypto trading services in India, citing regulatory developments.

Starting Jan. 12 at 8:00 am UTC, Bybit will restrict several services, including cryptocurrency trading, account openings and placing orders through other exchange products.

Bybit attributed the decision to its goal of operating in “full compliance with all applicable rules and regulations,” the exchange stated in a Jan. 10 announcement, adding:

House Democrats want ethics probe on Trump over crypto projects

Czech gov’t moves to exempt crypto held for 3+ years from being taxed

December 7, 2024 Coin Telegraph

bitcoin regulation

The prime minister said Czech residents would not have to report crypto transactions under $4,200 per year or pay taxes for selling digital assets held for more than three years.

Petr Fiala, prime minister of the Czech Republic, has reported that the country is moving to pass legislation allowing residents to bypass taxes on selling their crypto after holding it for more than three years.

In a Dec. 6 X post, Fiala said the measure, backed by Chamber of Deputies member Jiří Havránek, would “guarantee that if you hold cryptocurrencies for more than three years,” any sale would be exempt from capital gains tax. In addition, taxpayers would not be required to report transactions valued at less than 100,000 koruna — roughly $4,200 at the time of publication — per year.

“This means that, for example, buying coffee with Bitcoin [...] will no longer be a tax transaction,” said Fiala.

House Democrats want ethics probe on Trump over crypto projects

John Deaton vows to fight federal CBDC, calls it ’a hill to die on’

September 28, 2024 Coin Telegraph

bitcoin regulation

John Deaton has discussed his stance on US Federal Reserve CBDCs, regulatory clarity and government accountability in his Senate run.

John Deaton, a prominent voice in the cryptocurrency space, has made his position clear in his run for the United States Senate seat in Massachusetts.

In an interview with Generation Infinity, Deaton discussed his opposition to a US Federal Reserve-issued central bank digital currency (CBDC) and his broader focus on regulatory clarity and government accountability.

House Democrats want ethics probe on Trump over crypto projects

China still controls 55% of Bitcoin hashrate despite crypto ban

September 23, 2024 Coin Telegraph

Bitcoin

China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021.

Chinese Bitcoin miners still control the lion’s share of the global network despite the country’s ban on cryptocurrencies.

Over 55% of the Bitcoin (BTC) mining network is still controlled by Chinese mining pools, according to Ki Young Ju, founder and CEO of CryptoQuant.

However, Bitcoin mining dominance is slowly shifting to US mining firms. Ju wrote in a Sept. 23 X post:

House Democrats want ethics probe on Trump over crypto projects

El Salvador marks 3 years of Bitcoin adoption with $31M profit

September 7, 2024 Coin Telegraph

Bitcoin

Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.

Update Sept. 7, 12.48 pm UTC: This article has been updated to include quotes from Harshit Gangwar.

El Salvador is celebrating its Bitcoin anniversary, marking three years since the country adopted Bitcoin as legal tender.

El Salvador became the world’s first country to adopt Bitcoin (BTC) as legal tender three years ago, on Sept. 7, 2021, to promote financial inclusion, facilitate more efficient remittance payments and attract financial innovation.

House Democrats want ethics probe on Trump over crypto projects

BlackRock’s iShares Ethereum Trust approaches $1B in net inflows — Morningstar

August 21, 2024 Coin Telegraph

BlackRock’s iShares Ethereum Trust approaches B in net inflows — Morningstar

bitcoin etf

ETHA will be the first Ether exchange-traded fund to crest the $1 billion mark.

BlackRock’s Ethereum exchange-traded fund (ETF) has reached approximately $1 billion in net inflows, underscoring its lead among rival ETF ETFs, according to data from fund researcher Morningstar shared with Cointelegraph.

According to Morningstar, the iShares Ethereum Trust (ETHA) has pulled in $992 million in net inflows, putting the fund on track to surpass the $1 billion mark imminently.

“It’s very likely, but not a certainty” that ETHA will crest $1 billion in net inflows by close of market on Aug. 21, Bryan Armour, director of passive strategies research at Morningstar, told Cointelegraph. “I believe a single creation unit would put it over the top.”

House Democrats want ethics probe on Trump over crypto projects

Solana ETF ‘still in play’ despite Cboe filing removal — VanEck exec

August 19, 2024 Coin Telegraph

bitcoin etf

VanEck is still advocating for its Solana ETF with regulators, said Matthew Sigel.

Asset manager VanEck’s plans for a Solana exchange-traded fund (ETF) are “still in play” despite the removal of Cboe Global Markets’ regulatory filing proposing to list the fund on its exchange, according to an X post by Matthew Sigel, VanEck’s head of digital assets research.

“Some have noticed that the 19b-4 for the VanEck Solana ETF has been removed from the CBOE website,” Sigel said, adding:

On July 9, national securities exchange Cboe filed a request with the United States Securities and Exchange Commission seeking to list VanEck’s and 21Shares’ planned SOL (SOL) ETFs and asking the SEC to make a final decision by March. The filing is referred to as a 19b-4 and is distinct from the S-1s filed by issuers.

House Democrats want ethics probe on Trump over crypto projects

Crypto voters could cost Harris the US election, warns SkyBridge founder

August 19, 2024 Coin Telegraph

Bitcoin Analysis

According to Anthony Scaramucci, crypto voters could swing the elections in favor of pro-crypto candidate Donald Trump.

SkyBridge Capital founder Anthony Scaramucci says presidential candidate Kamala Harris could lose the United States election by failing to attract pro-crypto voters.

“Let’s say there are only 25 million people that own crypto in the United States. But let’s say 5% of them are single-issue voters [...] If they’re in the swing states of the United States, she will lose the election,” Scaramucci told Cointelegraph in an exclusive interview.

A former White House Communications Director in the Trump administration, Scaramucci acknowledges that the Democrats’ stance towards the crypto industry has been a “disaster.” Still, while most of the crypto community seems to have taken the stance of Donald Trump because of his pro-crypto campaign, Scaramucci thinks he is not a good candidate for crypto.

House Democrats want ethics probe on Trump over crypto projects

Franklin Templeton files S-1 for new crypto index ETF

August 16, 2024 Coin Telegraph

bitcoin etf

Issuers are lining up for the next wave of cryptocurrency exchange-trade funds.

Asset manager Franklin Templeton is seeking to launch a new exchange-traded fund (ETF) designed to as a one-stop-shop crypto portfolio, according to an Aug. 16 filing.

The Franklin Crypto Index ETF will track the performance of the CF Institutional Digital Asset Index, which currently only comprises Bitcoin (BTC) and Ethereum (ETH), the filing said.

“The Fund will seek to achieve its investment objective by investing in the Digital Assets in approximately the same weights as they represent in the Underlying Index,” according to the filing, which says that the ETF may hold additional types of cryptocurrencies in the future.

House Democrats want ethics probe on Trump over crypto projects

NYSE, Nasdaq withdraw 3 more requests for crypto ETF options rule changes

August 16, 2024 Coin Telegraph

bitcoin adoption

Activity keeps heating up around Bitcoin and Ethereum ETF options.

New York Stock Exchange (NYSE) American and Nasdaq International Securities Exchange (ISE) withdrew three more requests for rule changes related to listing options on Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs), according to regulatory filings submitted after market close on Aug. 14 and Aug. 15.

The withdrawals are the latest in a flurry of activity surrounding spot BTC and ETH ETF options in the United States. On Aug. 13, NYSE Arca withdrew another requested rule change intended to chart a path toward listing crypto ETF options.

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