China Uses Digital Yuan to Recycle Gold, Pay Land Registry Fees


Chinese firms, banks, and city governments are using the digital yuan to recycle gold and pay land registry fees as CBDC adoption efforts continue. Per the fiance-focused media outlet JRJ, the Shenzhen Branch of the central People’s Bank of China (PBoC) has teamed up with the Shanghai Gold...

GBTC Price as Likelihood of Bitcoin ETF Grows Larger


The recent federal judge's rulings overturning the SEC's rejection of Grayscale's application to convert its Bitcoin Trust (GBTC) into an ETF have indeed increased the likelihood of a spot Bitcoin ETF approval by the SEC. The judge's decision highlighted the SEC's failure to provide a clear...

Binance Advises Paysafe Users to Convert Euro Balances to Tether


Crypto exchange Binance has issued a recommendation for customers using the services of Paysafe for euro (EUR) transfers. The crypto trading platform is advising users to convert their euro balances to tether (USDT) or withdraw them to bank accounts after the payment processor suspended deposits...

VanEck Prepares to Launch Ethereum Strategy ETF in CBOE


Popular investment management firm VanEck has announced its plans to roll out its Ethereum futures exchange-traded fund (ETF). As per the official press release issued earlier today, the fund, called the VanEck Ethereum Strategy ETF (EFUT), will primarily invest in standardized, cash-settled...

Best Crypto to Buy Now September 28 – Biconomy, Compound, LeverFi


The asset management firm VanEck announced on Thursday that it plans to launch an exchange-traded fund (ETF) based on Ethereum futures contracts in the near future. The VanEck Ethereum Strategy ETF (EFUT) will invest in cash-settled futures contracts for ether, the native cryptocurrency of...

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