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conversion

Binance and Singapore Gulf Bank launch USD direct transfers with instant fiat to crypto conversion via Binance Bahrain

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Key Takeaways Binance has partnered with Singapore Gulf Bank to introduce direct USD transfer services for retail users. Users can link Singapore Gulf Bank accounts to Binance Bahrain, enabling instant fiat on/off ramps. Share this article Binance partnered with Singapore Gulf Bank to launch a USD direct transfer service for retail users. The collaboration allows … Read more

Thailand wields crypto conversion to strengthen tourism

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Thailand will introduce a new cryptocurrency-to-baht conversion system for international visitors starting Monday, aimed at boosting the country’s struggling tourism sector. Summary Thailand launches TouristDigiPay to let visitors spend crypto as Thai baht The system requires KYC, QR wallets, and blocks use at high-risk merchants Tourists face capped spending limits with no option for cash … Read more

Bitwise 10 Crypto Index Fund conversion stayed by SEC hours after approval

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Shortly after approving the Bitwise 10 Crypto Index Fund conversion, the U.S. Securities and Exchange Commission paused the decision for a full Commission review. So, why is the SEC halting approvals? Summary Bitwise’s ETF approval was halted just hours after clearance, leaving its multi-asset crypto fund in regulatory limbo. Grayscale’s GDLC faced a similar stay … Read more

Musk may still have a chance to thwart OpenAI’s for-profit conversion

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Elon Musk lost the latest battle in his lawsuit against OpenAI this week, but a federal judge appears to have given Musk — and others who oppose OpenAI’s for-profit conversion — reasons to be hopeful. Musk’s suit against OpenAI, which also names Microsoft and OpenAI CEO Sam Altman as defendants, accuses OpenAI of abandoning its … Read more

Osprey seeks SEC nod for Bitcoin Trust ETF conversion

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Key Takeaways Osprey Funds is seeking SEC approval to convert its Bitcoin Trust into an ETF. The conversion would provide enhanced liquidity and fee reductions for investors. Share this article Osprey submitted a draft registration statement to the Securities and Exchange Commission to convert its Osprey Bitcoin Trust (OBTC) into an exchange-traded fund, the company … Read more

How Musk’s $97.4B bid could gum up OpenAI’s for-profit conversion

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On Monday, Elon Musk, the world’s richest man, offered to buy the nonprofit that effectively governs OpenAI for $97.4 billion. The unsolicited buyout would be financed by Musk’s AI company, xAI, and a consortium of outside investors, per a letter sent to California and Delaware’s attorneys general. OpenAI CEO Sam Altman quickly dismissed Musk’s bid, … Read more

SEC faces first deadline to decide on Grayscale’s Solana Trust ETF conversion proposal

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Key Takeaways The SEC is facing its first deadline to decide on Grayscale’s proposal to convert Solana Trust to an ETF. Multiple firms, including VanEck and Bitwise, await SEC decisions on their Solana ETF proposals. Share this article The US SEC faces its first deadline today to make a decision on Grayscale’s application to convert … Read more

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