SEC rejects 9 BTC ETFs, China blocks access to crypto exchanges, partnership for crypto fund trading, the US politician reveals crypto holdings, Japan wants the 'appropriate' crypto regulation, BitMex moves up, Russia opens the largest mining farm
- The U.S. Securities and Exchange Commission (SEC) has rejected nine Bitcoin exchange-traded fund proposals on grounds of potential fraud and market manipulation. The rejected applications include ProShares, Direxion and GraniteShares.
- After shutting down the presence of several crypto media on WeChat, Chinese financial authorities have made the initiative to block 124 IP addresses of foreign exchanges.
- Stockholm IT Ventures AB (SITV), a Swedish technology company specialized in cryptocurrency production, announced that its subsidiary, Blocktrade Technology Ltd. (BTT), has signed a software license agreement with Valens Bank, an offshore private bank based in Germany that eases deposit of cryptocurrencies such as BTC, BCH, ETH, or LTC.
- Tulsi Gabbard, the Hawaii’s Democratic Representative, has joined the list of U.S. politicians who have invested in cryptocurrency, having disclosed purchases of Litecoin (LTC) and Ethereum (ETH).
- The commissioner of Japan’s financial regulator the Financial Services Agency (FSA) is seeking to balance between innovation and consumer protection when it comes to crypto exchanges stating that the cryptocurrency industry should ‘grow under appropriate regulation’.
- BitMex is renting space in the world’s most expensive office building, located in Hong Kong, with the cost of rent estimated over $5 million per year.
- The largest cryptocurrency mining farm in Russia has opened in the Leningrad Region, a is and is equipped with more than 3,000 pieces of mining equipment covering an area of approximately 4,000 square meters.