• 21Shares and ARK Investment file 3rd spot Bitcoin ETF application
• Binance.US backs out of Voyager asset purchase deal
• Avengers director, Epic Games executive discuss AI transforming entertainment and blockchain’s potential
21Shares and ARK Investment File Third Spot Bitcoin ETF Application
21Shares, a Swiss-based crypto asset management firm, and Cathie Wood’s ARK Investment Management have filed their third application for a spot Bitcoin exchange-traded fund (ETF). This comes after the U.S. Securities and Exchange Commission (SEC) rejected similar proposals from VanEck/SolidX in December 2020 and Wilshire Phoenix in February 2021. According to them, “persistence will pay off” in their bid to get SEC approval for the product.
Binance.US Backs Out Of Voyager Asset Purchase Deal
Binance.US has backed out of its planned acquisition of cryptocurrency brokerage firm Voyager Digital Ltd., citing regulatory concerns as the reason for its decision. The move follows similar decisions by Kraken Financial LLC and Bitstamp USA Inc., which both abandoned plans to acquire U.S.-based brokerages due to regulatory uncertainty surrounding digital assets in the country.
CFTC Official Says Anonymity In Crypto Is A National Security Risk
A Commodity Futures Trading Commission (CFTC) official has claimed that anonymity associated with cryptocurrencies could be a national security risk because it allows criminals to hide behind pseudonyms while conducting illicit activities online. Commissioner Brian Quintenz highlighted this issue during his speech at the International Blockchain Congress in Chicago last week, noting that regulators need more tools to identify anonymous market participants involved in illegal activities such as money laundering or fraud.
Paradigm Files Amicus Brief In SEC’s Lawsuit Against Terra And Do Kwon
Crypto hedge fund Paradigm has submitted an amicus brief in support of blockchain project Terra and Do Kwon — defendants in a lawsuit brought by the US Securities & Exchange Commission (SEC) — arguing that stablecoin is not a security under current US law as defined by previous Supreme Court rulings on securities regulation cases such as Howey Test case precedents . The document claims that Terra does not meet any of the criteria established by these rulings for classifying an instrument as a security and is instead similar to gold or other commodities with intrinsic value..
Avengers Director, Epic Games Executive Speak On AI Transforming Entertainment And Blockchain’s Potential
The director behind Marvel Studios‘ ‚Avengers: Endgame‘, Joe Russo, believes AI-generated movies could emerge within two years according to his interview with Collider during a panel session at Sands International Film Festival alongside Epic Games CCO Donald Mustard. During the session they discussed how AI has potential to revolutionize storytelling across multiple mediums such as cinema, television, gaming etc., while also speaking on how blockchain technology can help keep data secure from hacks or manipulation through decentralization systems like smart contracts on Ethereum network .