Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Weekly Roundup: Bitcoin Futures ETF might launch in October, SEC seeks to monitor DeFi markets

CryptocurrencyAug 29, 2021 04:00PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. Weekly Roundup: Bitcoin Futures ETF might launch in October, SEC seeks to monitor DeFi markets


  • PayPal’s Bitcoin and cryptocurrency services have expanded into the UK.
  • According to SEC Chair Gary Gensler, Bitcoin is as real as it can get.
  • China’s Yingjiang County has asked hydropower plants to cut power supply to Bitcoin miners.
  • Ahead of the full implementation of its Bitcoin Law, which will take effect on September 7, El Salvador is building the infrastructure to support its transition.
  • Over the past week, MicroStrategy bought $177 million worth of Bitcoin.
  • Citigroup (NYSE:C) has disclosed its intention to launch Bitcoin futures products for its institutional clients.
  • According to a Bloomberg ETF analyst, the United States SEC might approve a Bitcoin futures product as early as October.
  • Online publishing platform Substack has started accepting Bitcoin payments.
  • Institutional investors now control about 8% of Bitcoin’s total supply after buying 1.6 million BTC.
  • Powerbridge Technologies, a SaaS solutions and blockchain applications provider, has made arrangements to purchase 5,600 Bitcoin and Ether mining rigs.
  • A recent filing with the SEC has revealed that investment banking giant Morgan Stanley (NYSE:MS) holds over a million-dollars’ worth of Bitcoin via Grayscale’s Bitcoin Trust.
  • Chinese technology company Meitu has lost over $17 million on its Bitcoin investment after buying at the top in April.
  • In its latest attack at Bitcoin, an exec of China’s central bank has said that the digital asset has no value.
  • Cuba is mulling over accepting Bitcoin and cryptos for payments.
  • Honduras has gotten its first Bitcoin ATM.
  • Twitter’s Jack Dorsey is interested in launching a Bitcoin-based decentralized exchange.
  • Since Ethereum’s London upgrade went live, the network has burned over 100,000 ETH valued at more than $300 million.
  • Ethereum Name Service (ENS), an open-source protocol that links users’ domain names with Ethereum addresses, has enabled support for traditional domain names.
  • The Ethereum network has suffered a chain split following a major bug.
Other News
  • Cardano-based platform KICK.IO will begin its public sale on September 16.
  • Credifi, an Ethereum-based DeFi lending protocol, has onboarded three new strategic partners – Lucid Blue Ventures, Marshland Capital, and Magnus Capital.
  • ICON Hyperconnect has collaborated with YDragon to develop a cross-chain DeFi index.
  • Payments giant Visa (NYSE:V) has jumped on the NFT train with the purchase of a CryptoPunk for $150,000. Similarly, Budweiser purchased an NFT bottle rocket for roughly $25,700.
  • Phemex, a professional-grade cryptocurrency exchange, has enabled support for Solana.
  • Parma Calcio 1913 has inked a partnership with Gravity Sport for the 2021/22 season.
  • According to a Chinese court, cryptocurrencies are not protected by law.
  • About one-third of the crypto exchanges in South Korea will be shut down after failing to comply with new regulatory measures.
  • Binance’s recent efforts to comply with regulatory measures may finally be paying off. Earlier this week, the UK’s Financial Conduct Authority announced that Binance had “complied with all aspects of the requirements.”
  • Up to 11% of young Americans invested their COVID-19 stimulus checks in cryptos.
  • India’s central bank digital currency is expected to launch by the end of the year.
  • The SEC has signed a partnership with a blockchain analytics firm to investigate the DeFi market.

Continue reading on BTC Peers

Weekly Roundup: Bitcoin Futures ETF might launch in October, SEC seeks to monitor DeFi markets

Related Articles

Biconomy raises $11.5M through CoinList token sale
Biconomy raises $11.5M through CoinList token sale By Cointelegraph - Oct 28, 2021

Multichain transaction network Biconomy has concluded a public token sale of its BICO cryptocurrency, onboarding more than 12,500 new tokenholders in the process, the company...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email