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Recent Approvals of Spot Bitcoin ETFs May Prompt Release of Third Iteration of ‘Token Safe Harbor Proposals’ – Hester Pierce
9.2.2024
Approval of spot bitcoin exchange-traded funds may necessitate the release of a third iteration of the Token Safe Harbor Proposal, Hester Pierce, a commissioner with the U.S. Securities and Exchange Commission, has said. The commissioner argued that it’s illogical to subject a nascent token project...
Tradestation Settles With SEC and State Regulators for $3 Million
9.2.2024
Tradestation has reached a settlement with the Securities and Exchange Commission (SEC) and state regulatory bodies, agreeing to pay $3 million in fines for offering an unregistered crypto asset lending product to U.S. investors, a move that promised interest earnings on deposits without proper...
Ether’s Prometheum Test
8.2.2024
The “only U.S.-registered crypto securities platform" is listing ETH in a bold test of the U.S. Securities and Exchange Commission's thesis that most cryptocurrencies are securities
U.S. Senators Berate SEC's Gensler for Agency's 'Unethical' Handling of Crypto Case
8.2.2024
The U.S. Securities and Exchange Commission's admission that it misrepresented evidence in a lawsuit against the blockchain project DEBT Box casts doubt on its wider enforcement practices, several Republican senators argued in a letter to Chair Gary Gensler
ARK Invest and 21Shares Outline Cash Processes in New Ethereum ETF Bid
8.2.2024
Ark Invest and 12Shares have refiled their joint application for a spot market Ethereum ETF to address cash creation and redemption. The amendments bring it in line with spot Bitcoin ETFs recently approved by the US Securities and Exchange Commission, according to Bloomberg ETF analyst Eric...
Thai SEC Charges Former Zipmex CEO with Corruption and Deception
8.2.2024
Thailand’s Securities and Exchange Commission (SEC) has charged Akarlap Yimwilai, the former CEO of Zipmex Thailand, with corruption and deception. According to an official statement released on Thursday, the SEC’s investigation revealed that customer assets held in Zipmex...
Spot Trading Volumes Hit $1.4 Trillion as Exchanges Record Growth In Fourth Consecutive Month
8.2.2024
Digital asset spot trading volumes continued on a steady rise in January on the back of a spot Bitcoin (BTC) ETF approval by the United States Securities and Exchange Commission (SEC). A new CCData market report shows an increase in market activity as ETF participants notch inflows and traders...
SEC and NASAA Clamp Down on TradeStation with Hefty $3M Crypto Fine
8.2.2024
The Securities and Exchange Commission (SEC) has taken action against TradeStation Crypto for failing to register the offer and sale of a cryptocurrency lending product that promised investors the opportunity to earn interest. On Wednesday, the Florida-based company agreed to settle the charges...
Hydro Crypto Token Price Manipulation Convict Gets Jail Term
8.2.2024
A Florida federal jury convicted Hydrogen Technology Corp’s former head of financial engineering over crypto price manipulation conspiracy. The convict, Shane Hampton, allegedly orchestrated a months-long scheme to manipulate the price of Hydrogen Tech’s native crypto token – Hydro. The beleaguered...
ICE-Backed Bakkt Alerts of Possible Closure, Cites Cash Crisis
8.2.2024
Bakkt, the cryptocurrency platform backed by the Intercontinental Exchange (ICE), has issued a warning about its financial health. In a recent document filed with the U.S. Securities and Exchange Commission (SEC), Bakkt outlined its financial challenges, stating concerns over its ability to operate...
SEC Delays Decision on Invesco and Galaxy Digital’s Spot Ether ETF
8.2.2024
The United States Securities and Exchange Commission (SEC) has delayed its ruling on the Invesco Galaxy ether exchange-traded fund (ETF), and has now been pushed to potentially July 2024 after opening the proposal to public comments. Invesco and Galaxy Spot Ethereum ETF Decision Delayed by SEC...
Bitmain’s Mining Firm BitFuFu Set to Go Public in the U.S. via SPAC
7.2.2024
BitFuFu, a bitcoin mining firm affiliated with Bitmain, a prominent player in the cryptocurrency mining industry, is advancing towards a public listing in the United States through a merger with a special-purpose acquisition company (SPAC). On December 31, BitFuFu filed an F-4 form with the U.S....
FINRA-Registered Digital Asset Platform Prometheum to Launch Ether Custody Services
7.2.2024
Prometheum, the first U.S. special purpose broker-dealer authorized to custody, clear, and settle digital asset securities, disclosed that it is now providing custodial services for the cryptocurrency ethereum. This announcement arrives amidst a period where the prominent crypto asset, ethereum...
Prometheum, the Only U.S.-Registered Crypto Platform, Picks Ether as Its First Product
7.2.2024
Prometheum Inc. – still standing alone as the only U.S.-registered crypto securities platform – has disclosed that the first digital asset it'll handle for clients will be ether {{ETH}}
US SEC Delays Decision on Invesco and Galaxy Digital’s Joint Ethereum ETF
7.2.2024
The U.S. Securities and Exchange Commission (SEC) has extended the decision period for Invesco and Galaxy’s spot Ethereum ETF, as expected by analysts. This extension pertains to a proposed rule change from Cboe BZX that would enable the listing and trading of shares of the fund....
South Korean Regulator Plans to Discuss Crypto Rules With US SEC Chair Gary Gensler
7.2.2024
South Korea’s financial watchdog chief is planning to visit the U.S. to discuss crypto regulation with the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, with a focus on the SEC’s recent decision to approve spot bitcoin exchange-traded funds (ETFs)....
Judge Orders Ripple to Comply With SEC’s New Discovery Requests Concerning XRP
7.2.2024
A federal judge has ruled in favor of the U.S. Securities and Exchange Commission (SEC) and ordered Ripple to comply with the regulator’s post-complaint discovery requests concerning XRP. Ripple must also answer an interrogatory regarding the amount of XRP institutional sales proceeds...
U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi
6.2.2024
The U.S. Securities and Exchange Commission (SEC) widened its definition of a dealer today to pull many more financial operations into its jurisdiction – including, as it warned in a footnote of its original proposal – those dealing in crypto securities
Bitcoin ETFs Trigger Massive Miner Outflows, Over $1 Billion Moved to Exchanges
6.2.2024
Bitcoin miners reportedly sell their asset reserves or leverage them to upgrade their capacity as inflows to cryptocurrency exchanges continue. A new report from Bitfinex Alpha Market shows Bitcoin ETF approvals by the United States Securities and Exchange Commission (SEC) impacted miners’...
Hong Kong Securities Regulator Issues Warning to Unlicensed Virtual Asset Trading Platforms
6.2.2024
The region’s securities regulator has said that Hong Kong crypto investors must only use or trade on approved virtual asset trading platforms. The regulator urged crypto investors using platforms not featured on its two lists to close accounts or transfer funds to licensed entities. Verifying...