MicroStrategy buys more Bitcoin KuCoin requires KYC for all users | Summary of important bulletins on the morning of the 29th


Summary of important breaking news on the morning of the 29th

This is a summary of notable news related to virtual currency until the morning of Japan time.

Micro Strategy Bitcoin Buying (Attention: ★★★★☆)

On the night of the 28th, MicroStrategy announced that it had increased its purchase of Bitcoin.

Acquired 12,333 BTC of Bitcoin in the amount of $347 million. The average purchase price was $28,136. The buyout increased the company’s bitcoin holdings to 152,333, pushing the overall average acquisition cost down to $29,668 from the previous $29,803 (April 5).

connection: US Micro Strategy buys 3.8 billion yen worth of Bitcoin

ARK’s Bitcoin ETF application Add item of monitoring sharing agreement (Attention: ★★★★☆)

ARK Invest and 21Shares, which jointly submitted a physical Bitcoin ETF application in May this year, have amended their application documents to include a monitoring sharing agreement. It is a measure to improve the odds of winning SEC approval.

The surveillance sharing agreement is a mechanism for ETF listings Cboe and Nasdaq to detect Bitcoin market manipulation, and is considered to be the biggest factor in the SEC’s non-approval of the application so far.

connection: What is an exchange traded trust “Bitcoin ETF”? | Why the application of BlackRock attracts attention

Require KYC for all KuCoin users (Attention: ★★★☆☆)

KuCoin, a cryptocurrency exchange that handles many small altcoins, will require KYC for all users from July 15th.

According to the new policy, if KYC procedures are not completed, users will only be able to use services such as spot trading sell orders, futures trading deleveraging, margin trading deleveraging, “Earn” product redemption, and ETF redemption. . Also, you can’t deposit to the exchange, but you can withdraw.

Overseas exchanges have recently stepped up their regulatory compliance. The day before, the global version of OKX was also seen restricting its services to users residing in Japan.

connection: OKX suspends services for users living in Japan | 27th morning

SBI Launches Japan’s First Virtual Currency Trust (Attention: ★★★☆☆)

SBI Clearing Trust Co., Ltd. announced on the 28th that it received approval from the financial authorities to operate a virtual currency trust.

Under the license, the company plans to partner with SBI VC Trade Co., Ltd., a virtual currency exchange company, and start a virtual currency trust business from July this year. The trust business is a service that entrusts assets from customers and manages them.

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