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SEC Chairman Gensler Comments on Bitcoin and Ethereum; Avoids Ethereum Security Classification
7.3.2024
Chairman of the U.S Securities and Exchange Commission (SEC) Gary Gensler has refrained from publicly disclosing the SEC's classification of Ethereum as either a security or a commodity. The SEC’s position on Ethereum could be a defining factor in whether or not the regulator would approve Ethereum...
Fidelity Launches Ethereum Index Fund — Sees Client ‘Demand for Exposure to Digital Assets Beyond BTC’
7.10.2022
A filing with the U.S. Securities and Exchange Commission has shown that Fidelity looks to launch an investment product known as the Fidelity Ethereum Index Fund on October 4, 2022. While the new fund is not an exchange-traded fund it is said to be structured as a “traditional limited...
SEC Filing Shows Blackrock Held Bitcoin Futures Contracts Worth $6.15 Million
3.4.2021
After signaling its intention to get exposed to bitcoin, Blackrock, the world’s largest asset manager, has now revealed its initial investments toward the crypto asset. According to the asset manager’s filing with the Securities and Exchange Commission (SEC) on March 31, Blackrock...
US Judge Denies Request to Add XRP Holders as Intervenors in SEC’s Lawsuit Against Ripple
17.3.2021
A U.S. judge has denied the request to add XRP token holders as intervenors in the Securities and Exchange Commission (SEC)’s ongoing case against Ripple. In a ruling made one day after the motion was filed, the judge, Analisa Torres denied the token holders’ request “without...
Ripple CEO Threatens to Relocate Company Overseas Due to Unfavorable US Regulation
13.10.2020
Ripple chief executive officer Brad Garlinghouse has threatened to move the company’s headquarters overseas should the U.S. fail to level the playing field with an unambiguous regulatory framework. In a series of tweets on Oct.12, Garlinghouse said: “The lack of a single national...
Telegram Forces US Investors to Take 72% Refund and Exit Gram Token Project
5.5.2020
Telegram is now forcing U.S investors to immediately exit its TON blockchain project by accepting a 72% refund on their original investment. The encrypted messaging platform’s unexpected volte-face also disqualifies American investors from the loan option, which promised a 110% refund either...
Telegram to Pay Back Investors 110% After Gram Token Launch Fails – Again
30.4.2020
Telegram has offered to refund investors after its scheduled release of the Gram token failed – again – due to regulatory complications. Investors will immediately receive 72% of their stakes, as first option, or 110% if they choose to wait another year. The second option may be paid...