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Join Our Telegram channel to stay up to date on breaking news coverage Fidelity Investments took the lead on Friday afternoon in a spate of recent activity, as they, alongside a few other firms, submitted a renewed series of applications for a Bitcoin spot exchange-traded fund (ETF). This follows an indication by the US Securities and Exchange Commission (SEC) that the original submissions lacked adequate details. Invesco, VanEck, 21Shares, and WisdomTree were also part of this move, together with three other firms, all vying to pioneer the launch of US spot Bitcoin ETFs. BlackRock Inc. instigated this sequence with an unexpected filing for such a fund in mid-June. Each firm that resubmitted on Friday specified that market surveillance for their funds would be facilitated by Coinbase Global Inc. This significant detail was absent from their former applications. A deciding factor in obtaining SEC approval for a spot Bitcoin ETF might be robust crypto market surveillance. Such ...

Join Our Telegram channel to stay up to date on breaking news coverage Binance, the largest cryptocurrency exchange in the world, is working to restore confidence following a spike in customer withdrawals and a sharp decline in the value of its digital token. The exchange claimed that because of its strong financial position and “we take our responsibility as a custodian seriously,” it managed net outflows of about $6 billion over 72 hours last week without “breaking stride.” Changpeng Zhao, the founder of Binance, promised his company would “lead by example” in embracing transparency following the demise of rival exchange FTX last month. The core of the company, the massive Binance.com exchange that has handled trades worth over $22 trillion this year, is largely hidden from the public view, according to a Reuters Analysis of Binance’s corporate filing s. Binance refuses to disclose its location or that of Binance.com. It withholds b...