Autor Cointelegraph By Helen Partz

Chinese crypto ban poses no threat to local industry media, sources say

While some major Chinese cryptocurrency-related publications seem to be shutting down, a number continue to be run by local news agencies that have switched to social media like Twitter.China’s most recent crypto ban would not significantly affect local crypto media sources as there are a number of ways to disseminate industry information, according to an executive at one of the biggest crypto publications in China.The exec, who asked to remain anonymous, told Cointelegraph on Wednesday that several local crypto sites have been moving their community to other media channels like Twitter and Telegram after the government enforced a new crypto ban in September. “They are trying to share more info there and keep low key on their websites,” the person said, adding, “We can get all the info we want from Twitter.”“More Chinese people came to Twitter and Telegram, some of them also have high quality,” another crypto media insider, who also wished to remain anonymous, told Cointelegraph.They noted that the People’s Bank of China declared all “virtual currency-related business activities” illegal, which caused some cloud service providers to cut services to websites like BlockBeats and Odaily. But this didn’t prevent them from posting industry news as they continued operating through new domains and shifted focus to posting on Twitter and Telegram.According to the media insider, ​​these websites were blocked because they are based in Beijing. “Media outside Beijing are not blocked,” the person said. Some crypto publications like Jinse, Panews and 8btc were apparently not affected by the latest crypto ban.The Chinese crypto media exec stressed that the crypto world is fated to be decentralized, stating:“There’s always hope for the Chinese crypto industry. We still have information sources and we keep getting more and more users, evangelists, developers and others. There’s nothing to worry about. Everything happens for the best.”Related: China’s central bank proposes to monitor metaverse and NFTsOne Chinese crypto side, major industry source ChainNews, went offline in November. According to Cointelegraph’s sources, ChainNews decided to shut down services late that month. The publication’s last post on its Telegram channel is dated Nov. 25. The website had more than 1.5 million visits last month, according to data from SimilarWeb.

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US firm WisdomTree lists crypto ETP on Euronext

United States-based companies are increasingly listing cryptocurrency-based investment products in Europe, with asset manager WisdomTree getting another listing for its crypto basket exchange-traded product (ETP).On Dec. 2, WisdomTree listed its Crypto Mega Cap Equal Weight ETP on Euronext exchanges in Paris and Amsterdam.Trading under the ticker symbol MEGA, the investment product is backed by physical crypto assets including Bitcoin (BTC) and Ether (ETH) with a quarterly rebalance. Launched in November 2021, MEGA was previously listed on Deutsche Boerse’s digital exchange Xetra and Swiss SIX exchange.Apart from MEGA, WisdomTree also launched two more crypto ETPs recently, including WisdomTree Crypto Market (BLOC) and WisdomTree Crypto Altcoin (WALT).BLOC provides exposure to a basket of crypto assets representing 70% of the crypto market cap, including coins like BTC, Ether, Cardano (ADA), Bitcoin Cash (BCH) and others. WALT provides exposure to major coins excluding BTC and ETH and was designed for investors who already have exposure to the mega-cap coins. Both ETPs debuted on Boerse Xetra and SIX in late November 2021.Related: Invesco launches spot Bitcoin ETP on Deutsche BorseU.S. asset managers are increasingly listing their crypto investment products in Europe amid regulatory hurdles in the United States. Despite the U.S. Securities and Exchange Commission (SEC) having approved a number of BTC futures-based exchange-traded funds (ETFs) since October, U.S. investors have still been waiting for a spot BTC ETF.The SEC delayed its decision on WisdomTree’s Bitcoin ETF with a request for public feedback in July 2021 after the firm filed for the investment product in March.

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