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Valkyrie Funds Joins Race for SEC Approval as It Files Application for Spot Bitcoin ETF
22.6.2023
On Wednesday, Valkyrie Funds, a Tennessee-based asset manager offering a bitcoin futures exchange-traded fund (ETF), a defi fund, and a bitcoin mining industry ETF, filed with the U.S. Securities and Exchange Commission (SEC) for the launch of a spot bitcoin ETF. SEC Flooded With Spot Bitcoin...
US Federal Reserve denies Custodia Bank's request for Fed supervision
24.2.2023
The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System
Russian Parliament Rejects Mining Bill Allowing Crypto Payments, Expects New Draft
24.10.2022
The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed to legalize crypto payments in the country, another draft law on mining, which permits cross-border...
BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejection
30.6.2022
A similar decision was also made on Wednesday regarding Bitwise’s Bitcoin exchange-traded product (ETP) citing the same reasons
Billion Dollar Bitcoin Lawsuit Verdict Appealed — Self-Proclaimed Bitcoin Inventor Expects a Win
11.4.2022
The law firm representing Ira Kleiman has sent a notice of appeal to the Florida District Court in an attempt to appeal the court’s rejection of a Kleiman v. Wright retrial. The self-proclaimed Bitcoin inventor, Craig Wright, was cleared of all charges at the end of the Kleiman v. Wright...
Crypto Advocates Weigh ETF Rejection — Veteran Trader Peter Brandt Says Bitcoiners Should ‘Oppose Spot Bitcoin ETFs in US’
14.11.2021
Following the Securities and Exchange Commission’s rejection of Vaneck’s bitcoin spot market exchange-traded fund (ETF) on Friday, a number of cryptocurrency advocates discussed the subject this weekend. For instance, the veteran FX trader Peter Brandt told his 581,700 Twitter...
SEC Rejects Vaneck Bitcoin Spot Market ETF Over Price Manipulation Concerns
12.11.2021
On Friday, November 12, the U.S. Securities and Exchange Commission (SEC) rejected Vaneck’s bitcoin spot market exchange-traded fund (ETF). The U.S. regulator noted that the denial was due to the lack of prevention toward “fraudulent and manipulative acts and practices.”...
Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency
3.5.2021
In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection...
SEC Wants Second Look at Bitwise Bitcoin ETF Proposal
18.10.2019
The U.S. Securities and Exchange Commission (SEC) is reviewing its order issued last week pertaining to a rejected proposal for a bitcoin exchange-traded fund (ETF). The proposal was filed by NYSE Arca for the Bitwise Bitcoin ETF Trust. Meanwhile, the SEC is also evaluating a proposed rule change...
Bitcoin ETF: How SEC Exemptions Help Firms Offer Interim Products
6.9.2019
There are several exemptions the U.S. Securities and Exchange Commission (SEC) offers that allow companies to launch their bitcoin investment products without registration. While waiting for the SEC to approve their bitcoin ETF, some firms have taken advantage of these exemptions to offer...