Web3 Diaries-SEC Delays Spot Bitcoin ETF Decision For All Applicants
According to agency filings on Thursday, the U.S. Securities and Exchange Commission (SEC) has postponed making a decision on all spot bitcoin exchange-traded fund (ETF) applications until October. The applicants include BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise, and Valkyrie Digital Assets.
The SEC started analyzing the most recent batch of applications last month from traditional and crypto-focused financial institutions like Wise Origin (Fidelity), BlackRock, and Invesco Galaxy.
OKX Planning Web3 Foray Into India, Chief Marketing Officer Says
OKX, one of the 10 largest crypto exchanges by trading volume, is planning to enter India and recruit local employees to explore potential Web3 applications, the firm’s chief marketing officer said.
The business, which lacks a worldwide headquarters, has regional centers in the Bahamas, Dubai, Hong Kong, and Singapore.
It intends to make use of India’s highly publicized developer community to “exponentially” expand the scope of its wallet services.
Ronaldinho Denies Part In Alleged $61 mn Crypto Scam At Congressional Hearing
At a congressional hearing in Brazil, retired professional soccer player Ronaldinho Gaucho debunked claims that he was involved in a $61 million cryptocurrency pyramid scam.
On August 31, Ronaldinho testified before a parliamentary committee inquiry, denying any involvement in the “18kRonaldinho” scam, which guaranteed 2% daily profits on cryptocurrencies. The company was the target of a lawsuit with a $61 million damage cap.
Ronaldinho said that he was also a victim of the alleged fraud because he was never associated with the firm and that it utilized his name and picture without his consent.
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