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Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Securities and Exchange Commission has approved the launch of the first leveraged single-stock ETF focused on MicroStrategy. This ETF aims to deliver 175% of MicroStrategy's daily stock return and it will use the MSTX ticker.<\/p>\n\n\n\n

Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Following the ruling, ASIC announced that the two parties had seven days to agree on declarations and injunctions. Additionally, ASIC intends to seek financial penalties against Bit Trade, further highlighting the regulatory challenges that global crypto firms face as they navigate differing legal landscapes.<\/p>\n","post_title":"Kraken's Australian Arm Found In Breach Of Financial Regulations, Court Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krakens-australian-arm-found-in-breach-of-financial-regulations-court-rules","to_ping":"","pinged":"","post_modified":"2024-08-26 00:58:58","post_modified_gmt":"2024-08-25 14:58:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18361","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18256,"post_author":"15","post_date":"2024-08-19 17:56:53","post_date_gmt":"2024-08-19 07:56:53","post_content":"\n

The Securities and Exchange Commission has approved the launch of the first leveraged single-stock ETF focused on MicroStrategy. This ETF aims to deliver 175% of MicroStrategy's daily stock return and it will use the MSTX ticker.<\/p>\n\n\n\n

Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In response to the ruling, a Kraken spokesperson expressed disappointment but emphasized the company's commitment to compliance. \"We're prepared and willing to comply with the court's decision,\"<\/em> the spokesperson said. They also highlighted the complexity of applying traditional regulatory frameworks to emerging technologies, acknowledging the court's recognition of these challenges.<\/p>\n\n\n\n

Following the ruling, ASIC announced that the two parties had seven days to agree on declarations and injunctions. Additionally, ASIC intends to seek financial penalties against Bit Trade, further highlighting the regulatory challenges that global crypto firms face as they navigate differing legal landscapes.<\/p>\n","post_title":"Kraken's Australian Arm Found In Breach Of Financial Regulations, Court Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krakens-australian-arm-found-in-breach-of-financial-regulations-court-rules","to_ping":"","pinged":"","post_modified":"2024-08-26 00:58:58","post_modified_gmt":"2024-08-25 14:58:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18361","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18256,"post_author":"15","post_date":"2024-08-19 17:56:53","post_date_gmt":"2024-08-19 07:56:53","post_content":"\n

The Securities and Exchange Commission has approved the launch of the first leveraged single-stock ETF focused on MicroStrategy. This ETF aims to deliver 175% of MicroStrategy's daily stock return and it will use the MSTX ticker.<\/p>\n\n\n\n

Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Justice Nicholas clarified that while the repayment of a digital asset does not constitute a deferred debt, the extension of margin in national currency does, thereby categorizing the product as a credit facility.<\/p>\n\n\n\n

In response to the ruling, a Kraken spokesperson expressed disappointment but emphasized the company's commitment to compliance. \"We're prepared and willing to comply with the court's decision,\"<\/em> the spokesperson said. They also highlighted the complexity of applying traditional regulatory frameworks to emerging technologies, acknowledging the court's recognition of these challenges.<\/p>\n\n\n\n

Following the ruling, ASIC announced that the two parties had seven days to agree on declarations and injunctions. Additionally, ASIC intends to seek financial penalties against Bit Trade, further highlighting the regulatory challenges that global crypto firms face as they navigate differing legal landscapes.<\/p>\n","post_title":"Kraken's Australian Arm Found In Breach Of Financial Regulations, Court Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krakens-australian-arm-found-in-breach-of-financial-regulations-court-rules","to_ping":"","pinged":"","post_modified":"2024-08-26 00:58:58","post_modified_gmt":"2024-08-25 14:58:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18361","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18256,"post_author":"15","post_date":"2024-08-19 17:56:53","post_date_gmt":"2024-08-19 07:56:53","post_content":"\n

The Securities and Exchange Commission has approved the launch of the first leveraged single-stock ETF focused on MicroStrategy. This ETF aims to deliver 175% of MicroStrategy's daily stock return and it will use the MSTX ticker.<\/p>\n\n\n\n

Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Bit Trade's Breach And ASIC's Case<\/h2>\n\n\n\n

Justice Nicholas clarified that while the repayment of a digital asset does not constitute a deferred debt, the extension of margin in national currency does, thereby categorizing the product as a credit facility.<\/p>\n\n\n\n

In response to the ruling, a Kraken spokesperson expressed disappointment but emphasized the company's commitment to compliance. \"We're prepared and willing to comply with the court's decision,\"<\/em> the spokesperson said. They also highlighted the complexity of applying traditional regulatory frameworks to emerging technologies, acknowledging the court's recognition of these challenges.<\/p>\n\n\n\n

Following the ruling, ASIC announced that the two parties had seven days to agree on declarations and injunctions. Additionally, ASIC intends to seek financial penalties against Bit Trade, further highlighting the regulatory challenges that global crypto firms face as they navigate differing legal landscapes.<\/p>\n","post_title":"Kraken's Australian Arm Found In Breach Of Financial Regulations, Court Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krakens-australian-arm-found-in-breach-of-financial-regulations-court-rules","to_ping":"","pinged":"","post_modified":"2024-08-26 00:58:58","post_modified_gmt":"2024-08-25 14:58:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18361","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18256,"post_author":"15","post_date":"2024-08-19 17:56:53","post_date_gmt":"2024-08-19 07:56:53","post_content":"\n

The Securities and Exchange Commission has approved the launch of the first leveraged single-stock ETF focused on MicroStrategy. This ETF aims to deliver 175% of MicroStrategy's daily stock return and it will use the MSTX ticker.<\/p>\n\n\n\n

Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Kraken Exchange Opens Waitlist For An Upcoming NFT Platform<\/a><\/p>\n\n\n\n

Bit Trade's Breach And ASIC's Case<\/h2>\n\n\n\n

Justice Nicholas clarified that while the repayment of a digital asset does not constitute a deferred debt, the extension of margin in national currency does, thereby categorizing the product as a credit facility.<\/p>\n\n\n\n

In response to the ruling, a Kraken spokesperson expressed disappointment but emphasized the company's commitment to compliance. \"We're prepared and willing to comply with the court's decision,\"<\/em> the spokesperson said. They also highlighted the complexity of applying traditional regulatory frameworks to emerging technologies, acknowledging the court's recognition of these challenges.<\/p>\n\n\n\n

Following the ruling, ASIC announced that the two parties had seven days to agree on declarations and injunctions. Additionally, ASIC intends to seek financial penalties against Bit Trade, further highlighting the regulatory challenges that global crypto firms face as they navigate differing legal landscapes.<\/p>\n","post_title":"Kraken's Australian Arm Found In Breach Of Financial Regulations, Court Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krakens-australian-arm-found-in-breach-of-financial-regulations-court-rules","to_ping":"","pinged":"","post_modified":"2024-08-26 00:58:58","post_modified_gmt":"2024-08-25 14:58:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18361","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18256,"post_author":"15","post_date":"2024-08-19 17:56:53","post_date_gmt":"2024-08-19 07:56:53","post_content":"\n

The Securities and Exchange Commission has approved the launch of the first leveraged single-stock ETF focused on MicroStrategy. This ETF aims to deliver 175% of MicroStrategy's daily stock return and it will use the MSTX ticker.<\/p>\n\n\n\n

Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According to ASIC, Bit Trade's margin extension product has been available on the Kraken exchange since October 2021 without the legally required target market determination. The court found that this oversight placed Bit Trade in direct contravention of the Corporations Act.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Exchange Opens Waitlist For An Upcoming NFT Platform<\/a><\/p>\n\n\n\n

Bit Trade's Breach And ASIC's Case<\/h2>\n\n\n\n

Justice Nicholas clarified that while the repayment of a digital asset does not constitute a deferred debt, the extension of margin in national currency does, thereby categorizing the product as a credit facility.<\/p>\n\n\n\n

In response to the ruling, a Kraken spokesperson expressed disappointment but emphasized the company's commitment to compliance. \"We're prepared and willing to comply with the court's decision,\"<\/em> the spokesperson said. They also highlighted the complexity of applying traditional regulatory frameworks to emerging technologies, acknowledging the court's recognition of these challenges.<\/p>\n\n\n\n

Following the ruling, ASIC announced that the two parties had seven days to agree on declarations and injunctions. Additionally, ASIC intends to seek financial penalties against Bit Trade, further highlighting the regulatory challenges that global crypto firms face as they navigate differing legal landscapes.<\/p>\n","post_title":"Kraken's Australian Arm Found In Breach Of Financial Regulations, Court Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krakens-australian-arm-found-in-breach-of-financial-regulations-court-rules","to_ping":"","pinged":"","post_modified":"2024-08-26 00:58:58","post_modified_gmt":"2024-08-25 14:58:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18361","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18256,"post_author":"15","post_date":"2024-08-19 17:56:53","post_date_gmt":"2024-08-19 07:56:53","post_content":"\n

The Securities and Exchange Commission has approved the launch of the first leveraged single-stock ETF focused on MicroStrategy. This ETF aims to deliver 175% of MicroStrategy's daily stock return and it will use the MSTX ticker.<\/p>\n\n\n\n

Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This ruling<\/a>, which marks a notable victory for the Australian Securities and Investments Commission (ASIC), underscores the growing scrutiny faced by cryptocurrency exchanges in the country. Justice Nicholas determined that Bit Trade breached Section 994B of the Corporations Act, which mandates that financial product issuers must assess and define the target market for their offerings before they reach consumers.<\/p>\n\n\n\n

According to ASIC, Bit Trade's margin extension product has been available on the Kraken exchange since October 2021 without the legally required target market determination. The court found that this oversight placed Bit Trade in direct contravention of the Corporations Act.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Exchange Opens Waitlist For An Upcoming NFT Platform<\/a><\/p>\n\n\n\n

Bit Trade's Breach And ASIC's Case<\/h2>\n\n\n\n

Justice Nicholas clarified that while the repayment of a digital asset does not constitute a deferred debt, the extension of margin in national currency does, thereby categorizing the product as a credit facility.<\/p>\n\n\n\n

In response to the ruling, a Kraken spokesperson expressed disappointment but emphasized the company's commitment to compliance. \"We're prepared and willing to comply with the court's decision,\"<\/em> the spokesperson said. They also highlighted the complexity of applying traditional regulatory frameworks to emerging technologies, acknowledging the court's recognition of these challenges.<\/p>\n\n\n\n

Following the ruling, ASIC announced that the two parties had seven days to agree on declarations and injunctions. Additionally, ASIC intends to seek financial penalties against Bit Trade, further highlighting the regulatory challenges that global crypto firms face as they navigate differing legal landscapes.<\/p>\n","post_title":"Kraken's Australian Arm Found In Breach Of Financial Regulations, Court Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krakens-australian-arm-found-in-breach-of-financial-regulations-court-rules","to_ping":"","pinged":"","post_modified":"2024-08-26 00:58:58","post_modified_gmt":"2024-08-25 14:58:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18361","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18256,"post_author":"15","post_date":"2024-08-19 17:56:53","post_date_gmt":"2024-08-19 07:56:53","post_content":"\n

The Securities and Exchange Commission has approved the launch of the first leveraged single-stock ETF focused on MicroStrategy. This ETF aims to deliver 175% of MicroStrategy's daily stock return and it will use the MSTX ticker.<\/p>\n\n\n\n

Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A recent ruling by the Federal Court of Australia has brought to light significant compliance issues surrounding Kraken's operations in the country, Coindesk reported. Bit Trade Pty Ltd, Kraken's local operator, was found to have violated Australian financial regulations by offering a margin extension product to retail clients without conducting a required target market determination.<\/p>\n\n\n\n

This ruling<\/a>, which marks a notable victory for the Australian Securities and Investments Commission (ASIC), underscores the growing scrutiny faced by cryptocurrency exchanges in the country. Justice Nicholas determined that Bit Trade breached Section 994B of the Corporations Act, which mandates that financial product issuers must assess and define the target market for their offerings before they reach consumers.<\/p>\n\n\n\n

According to ASIC, Bit Trade's margin extension product has been available on the Kraken exchange since October 2021 without the legally required target market determination. The court found that this oversight placed Bit Trade in direct contravention of the Corporations Act.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Exchange Opens Waitlist For An Upcoming NFT Platform<\/a><\/p>\n\n\n\n

Bit Trade's Breach And ASIC's Case<\/h2>\n\n\n\n

Justice Nicholas clarified that while the repayment of a digital asset does not constitute a deferred debt, the extension of margin in national currency does, thereby categorizing the product as a credit facility.<\/p>\n\n\n\n

In response to the ruling, a Kraken spokesperson expressed disappointment but emphasized the company's commitment to compliance. \"We're prepared and willing to comply with the court's decision,\"<\/em> the spokesperson said. They also highlighted the complexity of applying traditional regulatory frameworks to emerging technologies, acknowledging the court's recognition of these challenges.<\/p>\n\n\n\n

Following the ruling, ASIC announced that the two parties had seven days to agree on declarations and injunctions. Additionally, ASIC intends to seek financial penalties against Bit Trade, further highlighting the regulatory challenges that global crypto firms face as they navigate differing legal landscapes.<\/p>\n","post_title":"Kraken's Australian Arm Found In Breach Of Financial Regulations, Court Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krakens-australian-arm-found-in-breach-of-financial-regulations-court-rules","to_ping":"","pinged":"","post_modified":"2024-08-26 00:58:58","post_modified_gmt":"2024-08-25 14:58:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18361","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18256,"post_author":"15","post_date":"2024-08-19 17:56:53","post_date_gmt":"2024-08-19 07:56:53","post_content":"\n

The Securities and Exchange Commission has approved the launch of the first leveraged single-stock ETF focused on MicroStrategy. This ETF aims to deliver 175% of MicroStrategy's daily stock return and it will use the MSTX ticker.<\/p>\n\n\n\n

Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • ASIC plans to seek financial penalties against Bit Trade and the case highlights the ongoing regulatory challenges for global crypto firms.<\/li>\n<\/ul>\n\n\n\n

    A recent ruling by the Federal Court of Australia has brought to light significant compliance issues surrounding Kraken's operations in the country, Coindesk reported. Bit Trade Pty Ltd, Kraken's local operator, was found to have violated Australian financial regulations by offering a margin extension product to retail clients without conducting a required target market determination.<\/p>\n\n\n\n

    This ruling<\/a>, which marks a notable victory for the Australian Securities and Investments Commission (ASIC), underscores the growing scrutiny faced by cryptocurrency exchanges in the country. Justice Nicholas determined that Bit Trade breached Section 994B of the Corporations Act, which mandates that financial product issuers must assess and define the target market for their offerings before they reach consumers.<\/p>\n\n\n\n

    According to ASIC, Bit Trade's margin extension product has been available on the Kraken exchange since October 2021 without the legally required target market determination. The court found that this oversight placed Bit Trade in direct contravention of the Corporations Act.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Kraken Exchange Opens Waitlist For An Upcoming NFT Platform<\/a><\/p>\n\n\n\n

    Bit Trade's Breach And ASIC's Case<\/h2>\n\n\n\n

    Justice Nicholas clarified that while the repayment of a digital asset does not constitute a deferred debt, the extension of margin in national currency does, thereby categorizing the product as a credit facility.<\/p>\n\n\n\n

    In response to the ruling, a Kraken spokesperson expressed disappointment but emphasized the company's commitment to compliance. \"We're prepared and willing to comply with the court's decision,\"<\/em> the spokesperson said. They also highlighted the complexity of applying traditional regulatory frameworks to emerging technologies, acknowledging the court's recognition of these challenges.<\/p>\n\n\n\n

    Following the ruling, ASIC announced that the two parties had seven days to agree on declarations and injunctions. Additionally, ASIC intends to seek financial penalties against Bit Trade, further highlighting the regulatory challenges that global crypto firms face as they navigate differing legal landscapes.<\/p>\n","post_title":"Kraken's Australian Arm Found In Breach Of Financial Regulations, Court Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krakens-australian-arm-found-in-breach-of-financial-regulations-court-rules","to_ping":"","pinged":"","post_modified":"2024-08-26 00:58:58","post_modified_gmt":"2024-08-25 14:58:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18361","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18256,"post_author":"15","post_date":"2024-08-19 17:56:53","post_date_gmt":"2024-08-19 07:56:53","post_content":"\n

    The Securities and Exchange Commission has approved the launch of the first leveraged single-stock ETF focused on MicroStrategy. This ETF aims to deliver 175% of MicroStrategy's daily stock return and it will use the MSTX ticker.<\/p>\n\n\n\n

    Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

    MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

    Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

    Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

    Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

    The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

    Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

    Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

    The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

    Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

    Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

    The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

    Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

    Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

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    \n
  • The ruling, which marks a significant victory for the ASIC, allegedly categorizes the margin extension product as a credit facility.<\/li>\n\n\n\n
  • ASIC plans to seek financial penalties against Bit Trade and the case highlights the ongoing regulatory challenges for global crypto firms.<\/li>\n<\/ul>\n\n\n\n

    A recent ruling by the Federal Court of Australia has brought to light significant compliance issues surrounding Kraken's operations in the country, Coindesk reported. Bit Trade Pty Ltd, Kraken's local operator, was found to have violated Australian financial regulations by offering a margin extension product to retail clients without conducting a required target market determination.<\/p>\n\n\n\n

    This ruling<\/a>, which marks a notable victory for the Australian Securities and Investments Commission (ASIC), underscores the growing scrutiny faced by cryptocurrency exchanges in the country. Justice Nicholas determined that Bit Trade breached Section 994B of the Corporations Act, which mandates that financial product issuers must assess and define the target market for their offerings before they reach consumers.<\/p>\n\n\n\n

    According to ASIC, Bit Trade's margin extension product has been available on the Kraken exchange since October 2021 without the legally required target market determination. The court found that this oversight placed Bit Trade in direct contravention of the Corporations Act.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Kraken Exchange Opens Waitlist For An Upcoming NFT Platform<\/a><\/p>\n\n\n\n

    Bit Trade's Breach And ASIC's Case<\/h2>\n\n\n\n

    Justice Nicholas clarified that while the repayment of a digital asset does not constitute a deferred debt, the extension of margin in national currency does, thereby categorizing the product as a credit facility.<\/p>\n\n\n\n

    In response to the ruling, a Kraken spokesperson expressed disappointment but emphasized the company's commitment to compliance. \"We're prepared and willing to comply with the court's decision,\"<\/em> the spokesperson said. They also highlighted the complexity of applying traditional regulatory frameworks to emerging technologies, acknowledging the court's recognition of these challenges.<\/p>\n\n\n\n

    Following the ruling, ASIC announced that the two parties had seven days to agree on declarations and injunctions. Additionally, ASIC intends to seek financial penalties against Bit Trade, further highlighting the regulatory challenges that global crypto firms face as they navigate differing legal landscapes.<\/p>\n","post_title":"Kraken's Australian Arm Found In Breach Of Financial Regulations, Court Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krakens-australian-arm-found-in-breach-of-financial-regulations-court-rules","to_ping":"","pinged":"","post_modified":"2024-08-26 00:58:58","post_modified_gmt":"2024-08-25 14:58:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18361","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18256,"post_author":"15","post_date":"2024-08-19 17:56:53","post_date_gmt":"2024-08-19 07:56:53","post_content":"\n

    The Securities and Exchange Commission has approved the launch of the first leveraged single-stock ETF focused on MicroStrategy. This ETF aims to deliver 175% of MicroStrategy's daily stock return and it will use the MSTX ticker.<\/p>\n\n\n\n

    Defiance ETFs will issue the MSTX<\/a>. According to Bitcoin Magazine, Defiance's CEO, Sylvia Jablonski, highlighted that this ETF provides enhanced exposure to Bitcoin, given that MicroStrategy is one of the largest corporate holders of cryptocurrency.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1824038377949200449\n<\/div><\/figure>\n\n\n\n

    MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

    Leveraged ETF And Investment Goals<\/h2>\n\n\n\n

    Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n

    Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n

    The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n

    Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n

    Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n

    The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n

    Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n

    Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n

    The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n

    Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n

    Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","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 2 3 4 … 18

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
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