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Another Round of Bitcoin Spot ETF Rejections Likely: BitGo CEO
17.11.2023
Source: BitGo/Canva The general belief amongst market experts is that a Bitcoin spot exchange-traded fund (ETF) approval is on the horizon following Grayscale’s significant legal victory against the SEC. However, BitGo’s CEO, Mike Belshe, feels otherwise. Making his opinion known in...
South Korea’s National Pension Service Dives Into Crypto With $20M Coinbase Investment
17.11.2023
Regulatory filings with the U.S. Securities and Exchange Commission (SEC) reveal that the National Pension Service of South Korea acquired 282,673 Coinbase Global shares in 2023’s third quarter. This transaction, valued at approximately $20 million, marks the pension fund’s inaugural...
Fund Manager WisdomTree Reportedly Refiles Spot Bitcoin ETF to SEC
17.11.2023
Source: Pixabay / Markus Winkler Asset manager WisdomTree is attempting to resubmit a spot Bitcoin (BTC) exchange-traded fund (ETF) despite previous rejections. The company filed an amendment with the US Securities and Exchange Commission (SEC), according to Bloomberg ETF analyst James Seyffart....
Vivek Ramaswamy Reveals Crypto Policy Framework — Plans to Roll Back Most of SEC Crypto Regulations
17.11.2023
U.S. presidential candidate Vivek Ramaswamy has unveiled his “Three Freedoms of Crypto” policy framework. He stated that as President, he will ensure that innovative sectors, including crypto, are “liberated from the shackles of the unconstitutional shadow government.” He expects to rescind most...
BlackRock Files Spot Ether ETF Application
16.11.2023
The world’s largest asset manager, BlackRock, formally filed an application for a spot Ethereum exchange-traded fund on Wednesday, November 15th. A 2% increase Filing an S-1 form with the United States Securities and Exchange Commission (SEC), BlackRock has labeled the exchange-traded fund iShares...
Blackrock Officially Submits Ethereum ETF Proposal to US Securities Regulator
16.11.2023
Blackrock, the world’s largest asset manager, has taken a significant step by officially filing its Ethereum Trust S-1 form with the U.S. Securities and Exchange Commission (SEC). This move is to introduce a spot ethereum exchange-traded fund (ETF) on Nasdaq. This development comes on...
Coinbase Expects Spot Bitcoin ETFs to Add Billions to Crypto Market — Says SEC Approval Possible by Year-End
16.11.2023
Cryptocurrency exchange Coinbase says spot bitcoin exchange-traded funds (ETFs) could add billions of dollars to the total crypto market cap. Coinbase also believes that the chances of one or more spot bitcoin ETFs being approved by the U.S. Securities and Exchange Commission (SEC) before the...
SEC Announces ‘Highly Productive’ Year for Crypto Enforcement Actions
16.11.2023
The U.S. Securities and Exchange Commission (SEC) has published its latest enforcement results relating to crypto assets. “Fiscal year 2023 was another highly productive and impactful year for the SEC’s enforcement efforts relating to crypto asset securities,” the regulator described....
SEC’s FY 2023 Enforcement Actions Yield $5 Billion in Fines from Wall Street and Crypto Giants
15.11.2023
Source: Adobe/Kristina Blokhin The US Securities and Exchange Commission (SEC) has announced that its enforcement actions in fiscal year 2023 resulted in nearly $5 billion in fines and reimbursements to investors. In a Tuesday press release, the agency said it has targeted Wall Street brokerages...
Kevin O’Leary Warns Spot Bitcoin ETF Approval Could Be 18 Months Away
15.11.2023
Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, has cautioned that it could take another year and a half for the U.S. Securities and Exchange Commission (SEC) to approve a spot bitcoin exchange-traded fund (ETF). He emphasized that we will not see a spot bitcoin ETF in the U.S. until...
Cathie Wood Speculates SEC Chair’s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF
14.11.2023
Source: Bloomberg The US Securities and Exchange Commission (SEC) remains unyielding amidst escalating interest in a Bitcoin spot exchange-traded fund (ETF), and Ark Invest’s Cathie Wood believes she may have identified the reason. Making a special appearance on CNBC’s Squawk...
Blackrock Outlines Why SEC ‘Must’ Approve Spot Ethereum ETFs
14.11.2023
The world’s largest asset manager, Blackrock, has outlined why the U.S. Securities and Exchange Commission (SEC) “must” approve spot Ethereum exchange-traded funds (ETFs). Nasdaq, which has filed with the SEC to list and trade shares of Blackrock’s spot ether...
Under New Leadership, Terraform Labs Acquires Cross-Chain Analytics Firm Pulsar Finance
13.11.2023
In a recent development, Terraform Labs has completed the acquisition of Pulsar Finance, a firm specializing in cross-chain analytics and portfolio management. The acquisition occurs as Terraform’s former CEO Do Kwon remains incarcerated in Montenegro and a U.S. Securities and Exchange...
Ripple CEO Brad Garlinghouse Criticizes SEC for Losing Focus on Investor Protection
13.11.2023
Ripple CEO Brad Garlinghouse. Source: a video screenshot, Ripple / YouTube Brad Garlinghouse, CEO of the US-based blockchain payments firm Ripple, has expressed strong criticism of the US Securities and Exchange Commission (SEC), accusing the agency of deviating from its core mission to protect...
JPMorgan: US Crypto Regulations Unlikely to Ease Despite SEC Legal Defeats
13.11.2023
Global investment bank JPMorgan has warned investors that U.S. crypto regulations are unlikely to ease, even though the Securities and Exchange Commission (SEC) has lost several recent court cases against crypto firms. “It is far from clear that the regulatory tightening of the crypto...
US Government Remains Hostile Toward Crypto Despite Ripple’s SEC Win, Says CEO
12.11.2023
Ripple’s CEO says the U.S. government is still hostile toward crypto despite the cryptocurrency firm’s victory against the U.S. Securities and Exchange Commission (SEC). “Until that changes, the banks in the United States are not going to engage meaningfully,” he warned, adding:...
Grayscale ‘Constructively Engaging’ With SEC on Spot Bitcoin ETF, Says CEO
11.11.2023
Crypto asset manager Grayscale Investments is “constructively engaging” with the U.S. Securities and Exchange Commission (SEC) regarding its application to convert its flagship bitcoin trust into a spot bitcoin exchange-traded fund (ETF), says CEO Michael Sonnenshein. The executive...
QCP Capital Does Not Expect Spot Bitcoin ETFs to Hit the Market Until 2024
10.11.2023
Image by plysuikvv, Adobe Stock. Trading firm QCP Capital does not expect the Securities and Exchange Commission (SEC) to approve a spot Bitcoin ( BTC) ETF until 2024. In a recent post on Telegram, the company said the anticipation surrounding the approval of spot Bitcoin ETFs is reaching a fever...
Bitwise Has No Connection With Now-Defunct Bitwise Industries
10.11.2023
Source: Pexels Crypto fund manager Bitwise Asset Management has insisted that it “has no relationship” with the now-defunct technology company Bitwise Industries. The reply comes amid a probe conducted by the US Securities and Exchange Commission (SEC) on Bitwise Industries. The regulator accused...
SEC Chair Gensler: Anybody Wanting to Be in Crypto Must ‘Do It Within the Law’
10.11.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that anyone wanting to be in crypto must “do it within the law.” He advised crypto trading platforms to “Build the trust of investors” in what they are doing, cautioning that they must ensure they...