Daily Archives: 24/12/2021

SEC rejected applications for bitcoin ETFs from Valkyrie and Kryptoin

The US Securities and Exchange Commission has rejected applications from Valkyrie and Kryptoin to launch Bitcoin-linked ETFs. According to the Commission, the changes to the NYSE Arca and Cboe BZX rules for listing and trading the products of these companies do not meet the requirements of section 6 (b) (5) of the US Stock Exchange Act. The regulator noted that stock exchanges are required to prevent fraudulent activities and market manipulation to protect investors and…

NBER: the share of illegal transactions in BTC does not exceed 3%

The National Bureau of Economic Research (NBER) published a report refuting the information that 46% of the volume of transactions in bitcoin are associated with illegal activities. The NBER posted a report stating that the share of illegal transactions in BTC is no more than 3%. On the other hand, researchers argue that the volume of bitcoins used in exchange trading, which is mostly speculative, accounts for about 80% of the total volume of cryptocurrencies.…