Wow, what happened to Satoshi? We are in the thirty-fifth article of our series. This week, after months of bitcoin exceed $62,900 It’s been a green week.
In this week’s article; In addition to the ETF news that came in the night From BSN’s portal in Turkey, from United Wholesale Mortgage’s decision, from the operation in China, from the G7 meeting, from Binance’s new official and American nuclear engineer will be mentioned.
A snapshot of the Bitcoin exchange-traded fund
- ProShares applied this summer to create Bitcoin Strategy ETF Officially on October 18 getting ready to install.
- Transactions will start on this date if not certain and a last minute regulation side intervention may be though In addition, the fund is expected to be listed on NYSE Arca on Monday with the code $BITO.
- the US Securities and Exchange Commission (SEC), will refuse exchange traded fund applications statement of rejection same situation though for the opposite it is invalid. Therefore, the fund that it has been approved No official statement is required. During a certain period of time after the application is made not rejected funds are deemed to have received the green light.
- ProShares’ fund to investors investing in bitcoin directly Although it does not offer an opportunity, it will be the first exchange-traded fund in the United States to invest in bitcoin futures contracts.
- SEC Chairman Gary Gensler, like this for bitcoin In accordance with the law of 1940 does not hide his interest in ETF applications made that you can protect pointed.
- Names like Valkyrie, VanEck, Invesco, and BlockFi, as well as ProShares, are quoted by Gary Gensler. appropriately applying It was the first company.
- The fund, which will monitor the price of bitcoin futures, not spot bitcoin, offers investors investing in a crypto-related fund under regulated terms will get the opportunity.
Turkey move from blockchain network in China
Blockchain Services Network (BSN), a China-based blockchain startup, is preparing to open two new portals, one in Turkey and the other in Uzbekistan.
Red Date Technology, one of the founders of BSN, announced that it will cooperate with the Turkey – China Economic Twinning Center (TUCEM) for the operation of the portals, which are planned to be ready by the end of this year.
Blockchain Services Network, whose foundation was laid in 2018, was established with the contributions of China Mobile, China UnionPay and the Chinese State Information Center, a government think tank, apart from Red Date Technology.
BSN provides companies, government agencies, financial institutions, and more in China with the infrastructure needed to build their own blockchain applications.
BSN working with cloud-based nodes spread across different cities of China; somebody chinese version, the other international version has two versions.
International version, Chinese version some unavailable blockchain networks BSN announced that it would open a portal in South Korea in September.
Red Date Technologies was acquired in June 2021 from a group of investors, including Prosperity7 Ventures, a Saudi Aramco subsidiary of Aramco Ventures, and Hong Kong-based investment firm Kenetic. $30 million Series A received the investment.
Mortgage giant abandons bitcoin plan
United Wholesale Mortgage, the second largest mortgage institution in the USA, has canceled its plan to receive bitcoin payments on housing loans.
United Wholesale Mortgage, which serves entirely through retail channels, made a statement in August and announced that it would conduct a pilot study on the use of cryptocurrencies.
According to CNBC’s report As part of these pilot studies bitcoin, ether and dogecoin Tests were made about the payment process and how the payment process works was evaluated. Then, the first in September, the remaining five in October, in total. six mortgage payments in crypto receipt.
Mat Ishbia, CEO of United Wholesale Mortgage, has said enough about the use of cryptocurrencies from customers. “not in demand” and therefore announced that they are canceling the cryptocurrency plan.
“Due to legal uncertainties and additional costs in the crypto space, for now, not going beyond pilot studies We made the decision.”
United Wholesale Mortgage after a SPAC deal in January 2021 Merged with Gores Holdings IV, $16.1 billion It was traded on the New York Stock Exchange.
800 million yuan operation in China
in Zunyi city in Guizhou province, China 800 million yuan (1.1 billion lira) In an operation against a network, a criminal organization of tens of people was destroyed.
Organization members, people The company is looking for an employee They used the information they got from these people to open accounts on cryptocurrency exchanges Binance, Huobi, and OKEx.
to a local news source according to “buy low and buy high” The organization, which made a profit by selling it, tried to launder its income from telephone fraud and other methods.
In order not to reveal the actions of the organization, More than 500 debit cards used and only in small sums made the transaction.
As a result of the operation organized by the police for months, approximately 100 suspects were detained, and thanks to this operation, 332 telecom fraud cases were also resolved reported.
Within the scope of the operation, 9.56 million yuan, assets with a value exceeding 3 million yuan, 51 mobile phones, 15 computers and 511 bank cards were seized.
The People’s Bank of China, in its statement dated September 24, stated that all transactions related to cryptocurrencies it’s illegal Announced. in the middle of this week to the news messaging giant WeChat “Binance” and “Hoobi” It started blocking searches for terms.
CBDC statement from G7 finance ministers and central bank governors
As we reported earlier this week, representatives of the G7 meeting on Wednesday identified 13 principles on which to base digital central bank currencies (CBDC).
G7 finance ministers and central bank governors “significant benefits” may be, but above all transparency, rule of law and sound economic management stressed the need for development.
The financial authorities of the G7 members met on Wednesday under the leadership of UK Finance Minister Rishu Sunak. Some of the points that were agreed upon as a result of the meeting were as follows:
- Digital central bank currencies allow central banks to fulfill their duties in terms of monetary and financial stability. should not be an obstacle.
- To have strict privacy standards, to be accountable for the protection of citizens’ personal data, and to be transparent about how this data is protected and used. attention should be paid.
- CBDC ecosystems to be created against cyber and operational risks and fraud be durable and energy consumption to be efficient needs.
- The environment in which CBDCs are used be transparent and open to competition, in terms of payment options in this environment of diversity needs to be brought to the fore.
- As digital currencies can improve international money transfers, different CBDCs to be able to work in harmony with each other will be observed.
- The negative consequences of a possible digital currency project in the international monetary and financial system. to minimize care will be taken.
In the G7, which consists of Germany, the USA, the United Kingdom, France, Italy, Japan, Canada, and the European Union is represented, no member has yet to discuss digital currencies. a final decision did not receive.
According to a statement made after Wednesday’s meeting, members will be interested in digital currency and especially stablecoin will continue to cooperate.
Binance adds a new name to its regulatory compliance staff
Mark McGinness, former director of international affairs at Dubai Financial Services Authority (DFSA), has joined the Binance team, according to a statement released on Thursday.
McGinness, who works with private sector stakeholders, international regulators, national securities authorities and has more than 30 years of experience in the sector, is Binance’s liaison officer responsible for regulation it will be.
The name, who has served in Dubai Financial Services Authority for 16 years, is for the financial center there. More than 85 regulators created a network. Prior to his stint in Dubai, McGinness served on the Australian Securities and Investment Commission and advised institutions such as the International Monetary Fund and the World Bank, Binance explains.
Binance CEO Changpeng Zhao said McGinness “one of the most respected regulators” stating that he is one “The joining of Mark (Binance) is a big step not only for Binance, but for the entire industry as we try to grow the industry with the support of regulators and politicians around the world.” made a statement.
Binance, which has been on the radar of many regulators in the last few months, is now more with financial authorities than before, according to Zhao’s statements. “more active” He started a dialogue. The company recently recruited Richard Teng, former CEO of Abu Dhabi’s financial authority, and Greg Monahan, Tigran Gambaryan and Matthew Price.
American nuclear engineer arrested
In the US, the Federal Bureau of Investigation filed a criminal complaint against a 42-year-old man named Jonathan Toebbe, who served in the navy, and his 45-year-old wife, Diana Toebbe, last week.
in official documents According to the information, Jonathan Toebbe, who works as a nuclear engineer in the navy, is in terms of national security. sensitive tried to sell some confidential information to an unnamed country.
A package that Toebbe sent to representatives of this unnamed country last year was intercepted by the FBI in December 2020. It was announced that the package contains some official documents belonging to the American navy, a letter containing some instructions and an SD card.
FBI agents contacted Toebbe using a pseudonymous email address, using the contact information included in the package. Toebbe, of this unnamed country belonging to the American navy. “could benefit” He offered to sell some information for $100,000 and to make payment in Monero (XMR).
As part of the operation, the FBI paid Toebbe first 10,000, then 20,000 and 70,000 dollars, respectively, using Monero.
Agents specifically on the SD card they got from Toebbe. worth about $3 billion each Virginia class submarines It was found that some confidential information about the
Selling sensitive documents, drawings, plans, notes and information belonging to the US Navy, Toebbe is accused of violating the Atomic Energy Act.
The Toebbe couple, who were arrested last Saturday, appeared before a judge in Martinsburg earlier this week, but did not say anything about the allegations made against them. did not answer. The next hearing is scheduled for Wednesday.
