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Bankrupt QuadrigaCX Exchange to Commence 'Interim Distribution' of Funds


The bankrupt Canadian crypto exchange QuadrigaCX is set to commence an “interim distribution” of funds to creditors, despite only a fraction of the missing funds being recovered. “In the coming weeks, the Trustee intends to post a Notice to Affected Users providing details about the manner...

US Chamber of Commerce Backs Coinbase in Fight for Regulatory Clarity


The US Chamber of Commerce backed Coinbase’s request for the US Securities and Exchange Commission to write rules for cryptocurrency in a recent court filing.  The Chamber, which is the world’s largest business organization, said no one knows for certain which digital assets are securities under...

Grayscale Investments Files for 3 New Exchange Traded Funds


On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission. Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs...

Gemini adds PEPE coin to the list


Pepe introduced $PEPE to the market in mid-April and now has the support of Gemini, marking the achievement of one of the most significant milestones. Specifically, $PEPE was launched on April 14, 2023. It has been quick enough to touch the market cap of $750 million as of May 09, 2023....

SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency


The U.S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often in alignment. The proposal drew loud objections from...

A Eulogy for a Day Trader's Exchange


Bittrex, a popular exchange during the initial coin offering (ICO) boom, offered users and the crypto industry invaluable lessons in economics and regulatory affairs

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