Day: 5 September 2024

Pseudonymous blockchain investigator ZachXBT has raised concerns about the quality of block explorers for numerous Layer 1 blockchain networks. In a September 5 post on social media platform X, ZachXBT argued that most block explorers outside of Ethereum’s Etherscan are in urgent need of a comprehensive redesign to enhance their ...

Australian asset management firm Monochrome has announced its application to list a new Ethereum exchange-traded fund (ETF) on Cboe Australia. The announcement, made in a press release published on Thursday, September 5, 2024, reveals the company's plans to introduce the Monochrome Ethereum ETF (IETH) in partnership with its Responsible Entity ...

Indian crypto exchange CoinSwitch has launched a new suite of specialized investment services targeting High-Net-Worth Individuals (HNIs) and institutional investors. The new offering, which requires a minimum investment of ₹10 lakhs (approximately 623 USD), aims to provide a range of premium services, including tailored investment strategies, dedicated account management, professional ...

India’s financial regulator may grant two foreign-based crypto exchanges approval to operate in the country by March 2025.  According to a report by local media outlet Business Standard, the country’s Financial Intelligence Unit (FIU) is currently reviewing registration applications from four offshore cryptocurrency exchanges. While the specific platforms remain undisclosed, ...

Howard Lutnick, CEO of financial asset management firm Cantor Fitzgerald, has highlighted regulatory challenges as a significant barrier to increasing Bitcoin adoption among traditional financial institutions. In a recent post on X, Lutnick explained that U.S. banks are hesitant to hold Bitcoin due to regulations requiring them to set aside ...