• Simplify ETF circumvent SEC restrictions
    Bitcoin,  Regulation

    U.S. ETF firm looks to circumvent SEC restrictions

    Simplify Exchange Traded Funds’ proposed ETF would hold up to 15% Grayscale Bitcoin Trust, with the rest being invested in the U.S. stock market

    The filing shows how desperate United States financial firms are to launch a Bitcoin ETF despite the SEC’s longstanding opposition, which is based on market volatility, alleged manipulation, and the purported lack of liquidity. A number of straight Bitcoin ETF proposals are pending before the SEC, including projects by Valkyrie, Bitwise, VanEck, and even Goldman Sachs. Appetites have been whetted by the success of Canada’s Purpose Bitcoin ETF, which attracted more than a half billion dollars in its first few days.

  • russia testing digital ruble
    Cryptocurrencies,  Regulation

    Russia’s Central Bank will test digital ruble in 2022

    The central bank deputy chairman said that he expects a prototype of the digital currency to be ready this year, but many regulatory changes will be needed

    Deputy Chairman of the Central Bank Alexey Zabotkin said that the central bank will start “testing rounds” of its CBDC as early as 2022. In October, Bank of Russia head Elvira Nabiullina said that the forthcoming transformation of the economy is taking place, and as a result, “there must be a transformation of the settlement system.”

  • tether launches on Solana
    Regulation,  Tether

    Tether launches on proof-of-stake blockchain Solana

    The world’s top stablecoin can now handle up to 50,000 transactions per second with a fee of about $0.00001 per transaction

    “Tether and USDt are critical pieces of infrastructure for any successful blockchain project and have been one of the most important elements for cross-platform settlement. This strategic initiative is a significant step for Solana and will be instrumental in advancing the network," said Solana head of marketing Austin Virts.

  • bitcoin twitter accounts suspended
    Bitcoin

    Prominent Bitcoin-focused Twitter accounts suspended for hours

    The Twitter profiles of PlanB, Willy Woo and others are now back online following a six-hour blackout, but anti-Bitcoin conspiracy theories did get far

    News began at 2:25 a.m., when PlanB tweeted, “Just woke up to see my account suspended and all 300k followers gone. No explanation from twitter, no dm, nothing. Does anybody know what happened? More accounts having this problem? @twitter, @twittersupport, @jack HELP!!!”