Chain News Daily Official TheBitTimes.com

An AI hackathon newsletter’s footer has revealed what could be the long-awaited United States office for the MultiversX Foundation. MultiversX (EGLD) is “the most technically advanced blockchain today,” although unknown in the U.S. market due to geopolitical barriers. As Micha Vie, leading operations at vLeap Group, revealed on X, the office could be set in Palo Alto, California. Palo Alto is a city known for technological innovation and as the birthplace of the worldwide-famous Silicon Valley. The information came in the footer of an AI-related hackathon organized by the MultiversX Foundation, pointing to Palo Alto. “Walking distance to giants like Tesla, Apple, Google, Meta,” Vie posted, calling it “huge” news “if true.” Picks for you Sell alert: Solana (SOL) is facing a massive crash to $60, says analyst 7 m...

Will South Korea allow spot Bitcoin ETFs? The Financia Services Commission had warned brokerage firms against offering recently listed US spot Bitcoin ETFs. President’s office urges FSC to reconsider stance, noting possibility if incorporating foreign-listed products. The South Korea n president ’s office has urged the Financial Services Commission (FSC) to reassess its stance on the trading of the recently approved spot Bitcoin ETF s. Earlier this month, the Securities and Exchange Commission (SEC) approved eleven spot Bitcoin ETFs – the nod coming a decade after the first application. But only a day after the ETFs hit the market, the FSC released a statement warning local firms against providing access to the foreign-listed products. An official of the FSC had also noted that South Korea wasn’t looking to follow the US in allowing spot ETFs . Government urges FSC to review stance On Thursday, details in a local media outlet reve...