China News by Thebittimes.Com

Issuers of spot Bitcoin (BTC) exchange-traded funds (ETF) have made significant progress toward regulatory approval. According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has provided positive feedback on key filings and requested no additional feedback on the paperwork for several applications. The agency’s commissioners plan to vote on the exchange-rule filings this week. At least one applicant, asset manager BlackRock, reportedly expects the SEC to approve its application for a spot Bitcoin ETF on Wednesday, Jan. 10. Last week, the SEC instructed multiple exchanges and issuers interested in listing these ETFs to submit a final version of a crucial document by Friday, Jan. 5.  Multiple reports cited how, following the latest amendments, the SEC provided no further feedback on the paperwork for several firms. This development signals progress on the path to gaining regulatory approval in the upcoming days and paves the way for the launch of spot Bitcoin...

Author: WuBlockchain According to statistics from RootData, there were a total of 73 publicly announced investment projects in the cryptocurrency VC space in August, representing a 6% decrease compared to July 2023 (which had 78 projects) and a 45% decrease compared to August 2022 (which had 132 projects). Note: Since not all funding announcements are made in the same month, these statistics may increase in the future. The industry-level breakdown is as follows: In the cryptocurrency market for August, among various categories, the funding share for infrastructure projects accounted for approximately 19%, which represents a significant decrease of 32% compared to the previous month. DeFi’s share, on the other hand, was about 26%, marking a substantial increase of 12% compared to the previous month. Additionally, CeFi accounted for approximately 4%, and NFT/GameFi accounted for approximately 7%. The total funding amount in August was $660 million, marking a 20% increase compared t...