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SEC’s Head Wants to 'Fill in the Gaps' in Crypto Investor Protection
27.5.2021
Gary Gensler. Source: a video screenshot, Youtube/Bloomberg Markets and Finance
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), told US lawmakers that he wants to work with other regulatory agencies and the Congress to “fill in the gaps of investor protection in these...
Biden Administration Looking to Increase Cryptocurrency Oversight to Protect Investors, Prevent Illicit Transactions
26.5.2021
The Biden administration is reportedly looking to increase oversight of the crypto market with the aim to protect investors and prevent illicit transactions. White House officials, lawmakers, and central bankers have had several meetings on cryptocurrency regulation amid recent price swings...
Fund Manager One River Files SEC Prospectus for Carbon Neutral Bitcoin ETF
25.5.2021
On Monday, the crypto asset fund manager One River filed a unique bitcoin exchange-traded fund (ETF) registration with the U.S. Securities and Exchange Commission (SEC). According to the Form S-1 filed, One River wants to list a carbon-neutral bitcoin ETF on the New York Stock Exchange (NYSE)....
Powers On... Why the SEC, CFTC or FTC needs to check in on Elon Musk’s frenzied crypto tweets
25.5.2021
Elon Musk, here we go again: It is not the first time his reckless tweeting has caused serious problems, but this time they’re for crypto
NYU Professor Says Elon Musk Is Attracting Regulators to Crypto — Regulatory Action Expected in 30 Days
23.5.2021
NYU Professor Scott Galloway says that Tesla CEO Elon Musk is drawing additional scrutiny and regulators to the crypto space. He expects the U.S. Securities and Exchange Commission (SEC) to respond to Musk’s action in the next 30 days. Furthermore, the professor expects to see a Musk coin...
SEC Chair Gensler Says Cryptocurrency Exchanges Need More Regulation, Asks Congress to Weigh in
21.5.2021
The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is pushing for more regulation around cryptocurrency exchanges, citing the need for investor protection in this area. He has asked Congress to weigh in. SEC Chairman Pushes for More Crypto Regulation SEC Chairman...
$83K Bitcoin price in the cards after data shows BTC whales bought the dip
18.5.2021
Two key Bitcoin price metrics signal that whales bought the dip to $42,000, a hint that BTC may be gearing up for a new all-time high by mid-June
Microstrategy Buys $10M Worth of Bitcoin, MSTR Shares Down Over 60% Since February
18.5.2021
On Tuesday, the publicly-listed business intelligence company, Microstrategy, announced the purchase of 229 bitcoins adding to the firm’s current stash of crypto. The company’s CEO Michael Saylor told his Twitter followers that Microstrategy now holds 92,079 bitcoins. Microstrategy...
Coinbase Shares Down 27%, $1.2B Convertible Debt Deal Announced, Shareholder Letter Says ‘Competition Increasing’
18.5.2021
Coinbase shares have dropped in value during the last month after opening at $342 per share. The company’s shares have dropped over 27% to $248 per share since the Nasdaq listing in mid-April. On Monday, the firm further announced intentions to sell $1.25 billion of convertible debt. Coinbase...
Bank of America partnership with Paxos will allow same-day trade settlements
17.5.2021
Joining the Paxos Settlement Service could allow many Bank of America customers to settle stock trades in minutes rather than days
Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution
16.5.2021
Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about...
Thai Public Company Brooker Group Invests $6.6 Million in Bitcoin
15.5.2021
The Brooker Group has reportedly become the first publicly listed company in Thailand to hold bitcoin on its balance sheet. The company has disclosed that it has bought 122.3158 bitcoins worth $6.6 million or 200 million baht. Thai Public Company Invests in Bitcoin The number of public companies...
Capture the industry? Token IPOs aim for $200T global capital market
14.5.2021
Security token issuers say the STO market needs greater liquidity to make a significant dent in the $200-trillion global capital market
Grayscale's diversified crypto fund files to become SEC reporting company
13.5.2021
Grayscale Investments has filed to make its $630 million diversified large-cap crypto fund an SEC reporting company
US SEC Has Brought 75 Enforcement Actions on Crypto Industry
13.5.2021
The U.S. Securities and Exchange Commission (SEC) has brought 75 enforcement actions against companies and individuals in the crypto industry so far, according to a new report by Cornerstone Research. The agency also brought 19 trading suspension orders against digital asset market participants...
SEC enforcement actions cost crypto firms and individuals $1.7B in penalties
12.5.2021
Of the 75 enforcement actions on crypto brought by the commission from 2013 to 2020, the majority involved allegations of fraud or unregistered securities offerings
SEC warns of Bitcoin futures risks in mutual funds
12.5.2021
The U.S. SEC will monitor the compliance of mutual funds with exposure to Bitcoin futures and look into whether the market can accommodate an ETF
SEC to Scrutinize Funds Invested in Bitcoin Futures
12.5.2021
The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitcoin futures markets due to the implicit volatility...
SEC Sends Negative-ish Bitcoin ETF Signal that May Be Positive for Grayscale
12.5.2021
The US Securities and Exchange Commission (SEC) is now not-unexpectedly sending somewhat negative bitcoin (BTC) (and ethereum (ETH)) exchange-traded fund (ETF) signals - that might be a good sign for Grayscale Bitcoin Trust (GBTC).
As is practically notorious by now, an American ETF is a rather...
CBOE files another Bitcoin ETF application with the SEC
11.5.2021
Two months after filing VanEck’s BitcoinETF, CBOE has submitted another application — one proposed by Fidelity — to the SEC