\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n

The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n

Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n

The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n

Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n

Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n

The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

SEC's Formal Requests And Bitcoin Mining Surge<\/h2>\n\n\n\n

Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n

Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n

Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n

The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n

SEC's Formal Requests And Bitcoin Mining Surge<\/h2>\n\n\n\n

Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n

Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n

Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n

The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n

SEC's Formal Requests And Bitcoin Mining Surge<\/h2>\n\n\n\n

Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n

Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n

Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n

The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

These talks between investment management firms, stock exchanges, and the SEC have focused on refining the S-1 prospectus documents essential for ETF approval. While the SEC requested minor adjustments, some asset managers plan to update their filings, revealing specifics about fees and market-maker identities by Monday's deadline.<\/p>\n\n\n\n

By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n

SEC's Formal Requests And Bitcoin Mining Surge<\/h2>\n\n\n\n

Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n

Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n

Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n

The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Investment firms and the SEC engaged in crucial discussions, finalizing changes in filings for Bitcoin ETFs, potentially setting the stage for their first-ever approval in the United States, according to a report <\/a>by Reuters. <\/p>\n\n\n\n

These talks between investment management firms, stock exchanges, and the SEC have focused on refining the S-1 prospectus documents essential for ETF approval. While the SEC requested minor adjustments, some asset managers plan to update their filings, revealing specifics about fees and market-maker identities by Monday's deadline.<\/p>\n\n\n\n

By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n

SEC's Formal Requests And Bitcoin Mining Surge<\/h2>\n\n\n\n

Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n

Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n

Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n

The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The US Securities and Exchange Commission (SEC) is on the brink of a groundbreaking decision that could see the approval of spot bitcoin exchange-traded funds (ETFs) in the country.<\/p>\n\n\n\n

Investment firms and the SEC engaged in crucial discussions, finalizing changes in filings for Bitcoin ETFs, potentially setting the stage for their first-ever approval in the United States, according to a report <\/a>by Reuters. <\/p>\n\n\n\n

These talks between investment management firms, stock exchanges, and the SEC have focused on refining the S-1 prospectus documents essential for ETF approval. While the SEC requested minor adjustments, some asset managers plan to update their filings, revealing specifics about fees and market-maker identities by Monday's deadline.<\/p>\n\n\n\n

By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n

SEC's Formal Requests And Bitcoin Mining Surge<\/h2>\n\n\n\n

Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n

Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n

Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n

The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

Bitwise's Take<\/h2>\n\n\n\n

The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

Why send Bitcoin to the moon?<\/h2>\n\n\n\n

This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

Mandatory Disclosure Law<\/h2>\n\n\n\n

After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 21 22 23 24 25 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • Some of the applicants for Bitcoin ETF reportedly plan to update their filings.<\/li>\n<\/ul>\n\n\n\n

    The US Securities and Exchange Commission (SEC) is on the brink of a groundbreaking decision that could see the approval of spot bitcoin exchange-traded funds (ETFs) in the country.<\/p>\n\n\n\n

    Investment firms and the SEC engaged in crucial discussions, finalizing changes in filings for Bitcoin ETFs, potentially setting the stage for their first-ever approval in the United States, according to a report <\/a>by Reuters. <\/p>\n\n\n\n

    These talks between investment management firms, stock exchanges, and the SEC have focused on refining the S-1 prospectus documents essential for ETF approval. While the SEC requested minor adjustments, some asset managers plan to update their filings, revealing specifics about fees and market-maker identities by Monday's deadline.<\/p>\n\n\n\n

    By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n

    SEC's Formal Requests And Bitcoin Mining Surge<\/h2>\n\n\n\n

    Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n

    Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n

    Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n

    The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

    Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

    Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

    The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

    Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

    Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

    Bitwise's Take<\/h2>\n\n\n\n

    The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

    Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

    Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

    This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

    BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

    The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

    This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

    Why send Bitcoin to the moon?<\/h2>\n\n\n\n

    This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

    BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

    South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

    The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

    The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

    Mandatory Disclosure Law<\/h2>\n\n\n\n

    After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

    Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 21 22 23 24 25 85

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Ongoing discussions are focused on refining S-1 prospectus documents, which are essential for ETF approval.<\/li>\n\n\n\n
  • Some of the applicants for Bitcoin ETF reportedly plan to update their filings.<\/li>\n<\/ul>\n\n\n\n

    The US Securities and Exchange Commission (SEC) is on the brink of a groundbreaking decision that could see the approval of spot bitcoin exchange-traded funds (ETFs) in the country.<\/p>\n\n\n\n

    Investment firms and the SEC engaged in crucial discussions, finalizing changes in filings for Bitcoin ETFs, potentially setting the stage for their first-ever approval in the United States, according to a report <\/a>by Reuters. <\/p>\n\n\n\n

    These talks between investment management firms, stock exchanges, and the SEC have focused on refining the S-1 prospectus documents essential for ETF approval. While the SEC requested minor adjustments, some asset managers plan to update their filings, revealing specifics about fees and market-maker identities by Monday's deadline.<\/p>\n\n\n\n

    By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n

    SEC's Formal Requests And Bitcoin Mining Surge<\/h2>\n\n\n\n

    Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n

    Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n

    Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n

    The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n

    Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n

    Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n

    The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n

    Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n

    Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n

    Bitwise's Take<\/h2>\n\n\n\n

    The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n

    Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n

    Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n

    This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14896,"post_author":"15","post_date":"2024-01-06 18:47:19","post_date_gmt":"2024-01-06 07:47:19","post_content":"\n

    BitMEX<\/a>, a prominent crypto derivatives exchange, launches a physical Bitcoin to the Moon. This launch, taking place at Cape Canaveral Space Force Station in Florida, is part of a collaborative effort involving BitMEX, Astrobotic, Bitcoin Magazine, and Oxcart Assembly. This mission, a blend of space exploration and financial innovation, marks the first Western soft lunar landing since the Apollo 17 mission in 1972.<\/p>\n\n\n\n

    The centerpiece of this mission is a Bitcoin token, weighing 43 grams and embedded with 1 BTC, approximately valued at US$45,000 as of the launch date. This token is set to travel aboard the United Launch Alliance's Vulcan rocket, eventually making its way to the lunar surface via Peregrine-1, a commercial lunar lander, with an expected arrival on February 23, 2024.<\/p>\n\n\n\n

    This mission is not just a technological marvel but also a symbolic gesture. Stephan Lutz, CEO of BitMEX, views this as a foundational step towards a space-based monetary system, envisioning the Bitcoin on the Moon as a time capsule that encapsulates human innovation. Samuel Reed, the BitMEX co-founder, also emphasizes the mission's inspirational potential, aiming to merge cryptocurrency and space exploration, thereby encouraging future technological breakthroughs.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes<\/a><\/p>\n\n\n\n

    Why send Bitcoin to the moon?<\/h2>\n\n\n\n

    This historic Bitcoin<\/a> is one of 201 diverse payloads, including contributions from governments, educational institutions, and NASA\u2019s Commercial Lunar Payload Services initiative. Uniquely marked with both a public address and a private key, this Bitcoin represents the first financial asset on the Moon.<\/p>\n\n\n\n

    BitMEX envisions a future where this lunar Bitcoin serves as an interactive beacon for the crypto community. By leaving Bitcoin on the Moon with Peregrine, BitMEX invites people, both on Earth and potentially in space, to engage with it, sending personal messages and satoshis, thereby extending the reach of cryptocurrency beyond our planet.<\/p>\n","post_title":"BitMEX Launches First Bitcoin To The Moon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitmex-launches-first-bitcoin-to-the-moon","to_ping":"","pinged":"","post_modified":"2024-01-06 18:48:55","post_modified_gmt":"2024-01-06 07:48:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14824,"post_author":"15","post_date":"2024-01-04 01:41:48","post_date_gmt":"2024-01-03 14:41:48","post_content":"\n

    South Korea's Anti-Corruption and Civil Rights Commission unveiled that members of the country's National Assembly engaged in cryptocurrency. According to a recent investigation<\/a>, the total transactions traded nearly $100 million over three years. This revelation follows an extensive three-month scrutiny of digital asset trades made by the 298 current members of the parliament between May 2020 and May 2023.<\/p>\n\n\n\n

    The comprehensive probe discovered that 18 of the 298 legislators had been active in the crypto market. Interestingly, the lion\u2019s share of the trading volume, nearly $97.6 million (125.6 billion Korean won), was dominated by just 11 lawmakers.<\/p>\n\n\n\n

    The report highlighted Bitcoin as the preferred choice among South Korean legislators, with their portfolios featuring a diverse array of over 100 different cryptocurrencies, including the likes of Bitcoin. This preference aligns with global trends where Bitcoin remains a primary choice for many investors.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> South Korea Mandates Exchanges To Pay Crypto Interest On Customer Deposits<\/a><\/p>\n\n\n\n

    Mandatory Disclosure Law<\/h2>\n\n\n\n

    After a scandal in May 2023 when a member of the local Democratic Party\u00a0came under fire<\/a>\u00a0for undeclared holdings of at least $4.5 million in Wemix (WEMIX) tokens, the South Korean government\u00a0<\/a>voted unanimously to oblige civil servants\u2019 mandatory disclosure<\/a>\u00a0of crypto assets.<\/p>\n\n\n\n

    Starting in 2024, approximately 6,000 government officials will be required to disclose their cryptocurrency holdings. This will be facilitated through the Public Official Ethics System. Additionally, five major South Korean crypto exchanges \u2013 Upbit, Bithumb, Coinone, Korbit, and Gopax \u2013 are set to introduce new systems to ease the process of registering information about crypto holdings.<\/p>\n","post_title":"South Korean Politicians\u2019 Crypto Trades Totalling $100M Uncovered","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-korean-politicians-crypto-trades-totalling-100m-uncovered","to_ping":"","pinged":"","post_modified":"2024-01-04 01:47:34","post_modified_gmt":"2024-01-03 14:47:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14824","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 21 22 23 24 25 85

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n