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Joel Kuck, CEO of Decentralized ETF, believes that “the big money will come when the institutions come” after the approval of spot Bitcoin ETFs in the United States. As expectations grow that a spot Bitcoin exchange-traded fund (ETF) will be approved in the United States, it remains one of the hottest topics heading into 2024. In Episode 38 of Cointelegraph’s Hashing It Out , Elisha Owusu Akyaw talks to Joel Kuck, CEO of Decentralized ETF (D-ETF), about how ETFs work, the potential impact of spot Bitcoin (BTC) ETFs on the cryptocurrency industry and the idea of decentralized ETFs. Amid the optimism that U.S. regulators are set to greenlight multiple spot BTC ETFs, some projects are also looking to bring other ETFs to the blockchain while riding the wave of hype around the investment products. Kuck explains why the industry is bullish about spot Bitcoin ETFs and why the excitement around them is mounting. He explains that direct exposure to Bitcoin for institutional investors and fun...

The latest Cointelegraph Report explains everything you need to know about a potential spot Bitcoin ETF approval in the U.S., its impact on the market, and its significance for the crypto industry. A wave of optimism around the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has ignited bullish price action in the crypto market in recent weeks.  But that could be just the beginning: If a spot Bitcoin ETF receives a greenlight by the U.S. Securities and Exchange Commission (SEC), it would mark a major milestone in the history of digital assets. The spot Bitcoin ETF will provide institutional investors with a simple and regulated way to get exposure to Bitcoin with potentially explosive consequences for the Bitcoin market. According to many analysts, a spot Bitcoin ETF could spark a demand shock that, coupled with next year's Bitcoin halving event, could spark the new crypto bull market. The SEC has so far rejected all spot Bitcoin ETF applicat...

HSBC has partnered with Ripple-owned tech firm, Metaco, to allow institutional investors hold tokenized securities on its new custody platform. HSBC has partnered with Ripple-owned tech firm, Metaco, to integrate its institutional platform Harmonize with HSBC’s new custody service for digital assets, the firm announced on Nov. 8. The bank expects to roll out the new digital asset custody service in 2024, complementing its digital asset issuance platform known as HSBC Orion and HSBC offering for tokenized physical gold, launch ed on Nov. 1, 2023. Together, the services form a complete digital asset offering for HSBC’s institutional clients, the firm said. Major global banking company HSBC is planning to launch an institutional custody platform for tokenized securities, also known as security tokens. This is a developing story, and further information will be added as it becomes available. Source: https://thebittimes.com/hsbc-taps-ripple-s-metaco-to-launch-security-token-custody-...

Sanjay Raghavan believes that the tokenization of real estate could bring Web3 adoption and provide a diversification alternative for crypto natives. The tokenization of real-world assets has been tipped as a major use case of blockchain technology that could drive Web3 adoption. In episode 35 of Cointelegraph’s  Hashing It Out podcast ,  host Elisha Owusu Akyaw interviews Sanjay Raghavan, vice president of Web3 Initiatives at Roofstock onChain, about tokenized real estate on the blockchain and how digital real estate investing interacts with the nonfungible tokens market and the decentralized finance landscape. Raghavan also talks about fractional nonfungible tokens (NFTs), regulations and the risks related to Web3 real estate platforms. Raghavan explains how real estate is sold on the blockchain using NFTs. Companies that sell real estate on-chain must first purchase the property and create a limited liability company (LLC). An NFT is then created, which is associated with t...

Roman Storm’s lawyer Brian Klein said the developer was released on bail on Aug. 24, the day after the U.S. DOJ announced the charges related to money-laundering and other alleged violations. Roman Storm, the co-founder of the cryptocurrency mixing service Tornado Cash who was arrested on money-laundering and other charges on Aug. 23,  was released on bail soon after he was detained by the United States’ Department of Justice (DOJ), his lawyer said. Storm’s lawyer Brian Klein took to X (formerly Twitter) on Aug. 24 to announce that Storm has been released on bail. Klein noted that he still remains “very disappointed” about the fact that the prosecutors charged the develop er just because he helped to develop software. He added: “Their novel legal theory has dangerous implications for all software developers.” The bail came the next day after the U.S. DOJ announced the arrest of Storm alongside the charges against Tornado Cash founders, Storm and Roman Semenov, on Aug. 23. The U.S. ...

Coinbase has launched a new advocacy organization, Stand With Crypto Alliance. The aim is to mobilize the crypto industry to participate in the US legislative process. The Stand With Crypto Alliance also aims to help shape the crypto landscape in the US for future generations. Coinbase’s new organization will focus on organizing a powerful crypto community of Americans that will work to help US legislators create new crypto policies and regulations. You might also like: Coinbase becomes officially available for Canadian citizens Stand Crypto Alliance is the nation’s first independent advocacy organization in the US. Coinbase stated on their website, “Lawmakers have kicked the can on writing clear rules of the road, allowing unelected, uninformed regulators to reign unchecked, pursuing policies that are undermining U.S. economic security, and putting U.S. leadership in innovation at risk.” Stand Crypto Alliance Moreover, Coinbase claims that 87% of Amer...

The White House national strategy listed eight emerging technologies with a focus on building international standards and finding use cases in the economic sector. The United States White House released the national standard s strategy for key and emerging technologies on May 4. The national strategy identified eight technology sectors that will have a great economic impact in the near future. Among the eight technologies that focus on artificial intelligence, communication and network technologies, biotechnology, semiconductors and more, the listing of distributed ledger technology (DLT) and digital identity infrastructure grabbed the crypto community’s attention the most. DLT permits concurrent access, record validation, and record updating throughout a networked database. Blockchain technology is based on DLT, making it possible for users to see any changes and the people who made them, lowering the need for auditing data, ensuring data reliability, and restricting access to only...

Market observers pointed out that CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies. The United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance for violations of trading and derivatives laws. The lawsuit, filed on March 27, alleged that the global crypto exchange offered its derivatives trading services to U.S. customers without applying for a derivatives license. The lawsuit from the commodities watchdog in the U.S. took many by surprise with market observers and reporters claiming it to be a political move. Eleanor Terrett, a Fox news reporter tweeted that sources close to the CFTC suggest the commodities regulator decided to go for a lawsuit in order to show the Securities and Exchange Commission (SEC) that this is a commodities issue rather than a securities one. than a securities one. They also say "Vegas odds" have the @SECGov rushing out a similar lawsuit against @ Binance as a count...