The US Securities and Exchange Commission (SEC) is set to review another pair of proposed ETFs from ProShares later this week.
The task force, led by exchanger Gemini, will hold its first meeting in September. At it, its members will discuss the possibility of creating a self-regulatory organization (SRO), whose task will be to monitor the growing US cryptocurrency market.
Lateral movement continues. The market is waiting for an impulse
The current bear market has significantly impacted trading activity on major US cryptocurrency exchanges. Diar researchers believe this is due to increased regulation.
According to Arabian Business, Dubai-based cryptocurrency exchange Bitoasis said it is working with Gulf Cooperation Council (GCC) regulators to “create a regulatory framework in light of the Saudi Arabian government's ban on digital currencies.” The exchanger's website states that its services are currently available in the UAE, Kuwait, Bahrain, Oman and Saudi Arabia.
According to Xinhua, China's state-run newspaper, Chinese police have arrested three people suspected of stealing $87 million worth of Bitcoin and other cryptocurrencies.
Top 10 largest cryptocurrency holders who invested in it many years ago and now own billions.
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