Top crypto tweets of the day – May 22nd

Related articles

• Hashdex aims for first US spot Bitcoin approval with novel filing

  TL;DR Breakdown Hashdex is attempting to outpace giants like BlackRock with a unique spot bitcoin ETF strategy. Instead of surveillance-sharing agreements, Hashdex’s ETF net asset value will be based on the CME market’s bitcoin futures curve. Description While industry giants like BlackRock and Ark have been scurrying to get the nod for their spot bitcoin ETFs, it’s Hashdex, a relatively lesser-known Brazilian asset manager, that has positioned itself to potentially outmaneuver them all. A Unique Strategy to Win SEC’s Trust Hashdex is angling for approval, aiming to alleviate the concerns of the … Read more While industry giants like BlackRock and Ark have been scurrying to get the nod for their spot bitcoin ETFs, it’s Hashdex, a relatively lesser-known Brazilian asset manager, that has positioned itself to potentially outmaneuver them all. A Unique Strategy to Win SEC’s Trust Hashdex is angling for approval, aiming to alleviate the concerns of the US Securities and Exchange Commission (SEC) over the spot bitcoin market’s vulnerability to manipulation. Instead of adopting the common approach like its competitors – setting up surveillance-sharing agreements with crypto…

  Article 2023年8月30日

• Bittrex U.S. granted permission to enable customer withdrawals following bankruptcy ruling

  TL;DR Breakdown Bittrex US, the American branch of the cryptocurrency exchange, has received court approval to allow customer withdrawals following its recent bankruptcy filing. The court ruling authorizes customers with undisputed, noncontingent, and liquidated claims to withdraw their cryptocurrency assets and fiat currency from the platform. Ownership disputes and the potential for clawbacks remain unresolved, as the ruling does not clarify the legal ownership of frozen assets or determine the priority of customer claims over those of the U.S. government. Bittrex US, the American branch of the cryptocurrency exchange Bittrex, has been granted permission by a Delaware bankruptcy court to initiate customer withdrawals following its recent bankruptcy filing. The court ruling comes amidst opposition from the U.S. government, which claims that the exchange owes millions of dollars for sanctions violations. Delaware court authorizes Bittrex US to facilitate withdrawals for customers In a recent ruling, Judge Brendan Shannon of the Delaware bankruptcy court authorized Bittrex US and its affiliates to enable customer withdrawals. The ruling allows customers with undisputed, noncontingent, and liquidated claims to withdraw their cryptocurrency assets and fiat currency…

  Article 2023年6月17日

• Solana’s gaming ecosystem faces major developments: Aurory expands to Ethereum, Automata announces layoffs

  TL;DR Breakdown Solana-based gaming franchise Aurory is expanding to the Ethereum scaling network, Arbitrum, aiming to tap into new audiences and crypto communities. Automata, the developer of Solana game Star Atlas, announced significant layoffs due to financial challenges, including a major tax liability and the loss of funds from the FTX collapse. Despite these challenges, both companies are adapting their strategies, with Aurory considering further expansions and Automata focusing on specific product developments. Description Aurory, a gaming franchise operating on the Solana blockchain, has announced its expansion to Ethereum‘s Layer-2 network, Arbitrum. The move is seen as an expansion rather than a migration, with the aim of broadening the project’s reach beyond the Solana ecosystem. Aurory’s SyncSpace technology will enable users to move their assets between Solana and Arbitrum, … Read more Aurory, a gaming franchise operating on the Solana blockchain, has announced its expansion to Ethereum‘s Layer-2 network, Arbitrum. The move is seen as an expansion rather than a migration, with the aim of broadening the project’s reach beyond the Solana ecosystem. Aurory’s SyncSpace technology will enable users to…

  Article 2023年7月26日

• House Republicans propose crypto regulatory framework

  TL;DR Breakdown US lawmakers propose the Financial Innovation and Technology for the 21st Century Act, aiming to regulate the crypto sector. The bill has been designed after extensive consultations with stakeholders and offers clear regulatory guidelines. Description The dawn of an epoch-making legislation aimed at putting the fast-paced crypto sector under a regulatory microscope is upon us, with US lawmakers putting forward the Financial Innovation and Technology for the 21st Century Act. Advocating for a rigorous structure to guard consumers, stimulate ingenuity, and secure America’s dominance in financial and technological sectors, this … Read more The dawn of an epoch-making legislation aimed at putting the fast-paced crypto sector under a regulatory microscope is upon us, with US lawmakers putting forward the Financial Innovation and Technology for the 21st Century Act. Advocating for a rigorous structure to guard consumers, stimulate ingenuity, and secure America’s dominance in financial and technological sectors, this bill promises sweeping changes in the digital asset landscape. Breaking down the framework Leading the charge is Glenn Thompson, the Chairman of the House Committee on Agriculture, alongside French Hill…

  Article 2023年7月21日

• Patiently powering through insight into the Philippines’ delay in issuing crypto regulatory framework

  TL;DR Breakdown The Philippines Securities and Exchange Commission (SEC) is adopting a careful approach to creating a legal framework for the crypto industry. The SEC Chairman, Emilio Aquino, affirms the need for robust investor protection in the forthcoming crypto regulations. A partnership has been formed between the SEC and the University of the Philippines Law Center to draft guidelines for digital assets. Amidst the shimmering waters of the Pacific and the lush greenery of the archipelago, a sophisticated dance of regulation and freedom unfolds in the Philippines, one of Southeast Asia’s rapidly accelerating economies. After the global market failures in 2022, the country’s financial watchdog, the Philippines Securities and Exchange Commission (SEC), has opted for patience and precision over haste in the journey toward crypto regulation. The chairman of the Philippines SEC, Emilio Aquino, shed light on the story behind the delay. The regulatory body had initially planned to publish the crypto legal framework in 2022, a deadline that was later revised. This decision came after the catastrophic FTX exchange collapse, which rippled shockwaves through the global crypto community. According…

  Article 2023年6月12日