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SEC Postpones Decision on Fidelity’s Spot Ethereum ETF
19.1.2024
The United States Securities and Exchange Commission (SEC) has postponed its ruling on Fidelity’s spot Ethereum exchange-traded fund until March 5th, a new court filing reveals. “Completely expected” “The Commission finds it appropriate to designate a longer period within which to take action...
Gary Gensler Warns about AI’s Impact to Financial Systems, Doesn’t Touch on Cryptocurrency
18.1.2024
Securities and Exchange Commission (SEC) Chair Gary Gensler has previously warned that artificial intelligence (AI) could lead to the next financial crisis. Gensler once again elaborated on this topic during a virtual fireside chat hosted by the non-profit advocacy organization Public Citizen...
Coinbase vs. the SEC Debates the Difference Between Beanie Babies and Securities
18.1.2024
The toys figured strongly in arguments over securities law, but will the case answer fundamental questions about crypto’s future
SG Americas Securities LLC sells some Interactive Brokers’ shares
18.1.2024
SG Americas Securities LLC has reportedly sold 70.1% of its total holdings in Interactive Brokers. Their holdings were last valued at $150,000. The number of shares sold by SG Americas amounted to 4,064. While a precise reason for doing so is yet to be determined, analysts understand that it could...
Shanghai Court Issues Verdict in First Digital Yuan Money Laundering Case
18.1.2024
A Shanghai court has issued a verdict for the first instance of money laundering using Chinese digital yuan and cryptocurrency, marking a significant legal precedent of crypto-related crimes in China. According to Shanghai Securities News, the Yangpu District People’s Court of Shanghai...
Spot Bitcoin ETF Approval Was a Sell-the-News Event: CryptoQuant
18.1.2024
It has been a whole week since the U.S. Securities and Exchange Commission (SEC) approved Spot Bitcoin exchange-traded funds (ETFs) and unsurprisingly this has been a “sell-the-news” type of event. Many cryptocurrency traders decided to use this event as the perfect opportunity to sell...
Thailand’s SEC Eases Investment Restrictions in Select Digital Assets
18.1.2024
The Securities and Exchange Commission (SEC) of Thailand has updated the criteria for investing in digital tokens, easing some restrictions. In a meeting held on March 2, 2023, the SEC Committee approved the principles for improving investment criteria and related criteria for digital asset...
Coinbase and SEC Dig in With U.S. Judge on Whether Securities Law Applies to Listings
17.1.2024
The U.S. Securities and Exchange Commission (SEC) case against Coinbase delves into a ton of complexity, but before anything else, a judge has to decide whether transactions in about a dozen tokens traded on the U.S. exchange were securities
Arguments Conclude in Coinbase and SEC Case, Judge Holds on Decision
17.1.2024
Oral arguments kicked off in Manhattan Wednesday regarding the highly anticipated case against Coinbase brought forward by the United States Securities and Exchange Commission (SEC). “The SEC has violated due process” The federal agency originally filed the lawsuit against Coinbase in June 2023...
Revealed: Key Recommendations from US GAO to SEC on Spot Bitcoin ETF
17.1.2024
Source: AdobeStock The landmark announcement of a spot Bitcoin exchange-traded fund (ETF) approval has significantly impacted the financial landscape. While the market sentiment has been predominantly positive, a recent revelation shows that the US Government Accountability Office (GAO) had a...
Coinbase Holds First Court Faceoff With SEC: Here’s What You Need To Know
17.1.2024
The Securities and Exchange Commission (SEC) is meeting Coinbase today in federal court, with both parties presenting their first oral arguments amid their industry-defining lawsuit. Back in June, the market regulator sued Coinbase for listing a handful of “crypto-asset securities”...
Ripple Considers IPO Outside US in Response to SEC’s ‘Hostile’ Stance
17.1.2024
Ripple CEO Brad Garlinghouse has revealed that the company explored IPO options outside the United States, attributing this decision to a challenging relationship with the U.S. Securities and Exchange Commission (SEC). Speaking at the World Economic Forum in Davos, Switzerland, Garlinghouse...
Ripple CEO Blasts Gary Gensler as ‘Political Liability’ — Says New SEC Chair Will Be Good for the American People
17.1.2024
The CEO of Ripple, Brad Garlinghouse, has slammed the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, as a “political liability.” Emphasizing that Gensler is not acting in the interests of the people or the long-term growth of the economy, the Ripple executive said:...
Analyst Advises Investors to Buy the Bitcoin Dip — Predicts ‘Asymmetric Upside Ahead’
17.1.2024
A senior analyst with global asset management firm Alliance Bernstein has recommended that investors buy the bitcoin dip and focus on “the new bitcoin adoption cycle.” His advice followed the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange...
Bitcoin Hits Peak Interest on Google Trends Following SEC’s ETF Approvals
16.1.2024
In the week spanning Jan. 7th to the 13th, 2024, Google Trends revealed a peak interest score of 100 for the search term bitcoin. A closer examination of Google Trends over the past three months highlights that this interest surged to its apex on Jan. 11. This was the day after the U.S. Securities...
ESMA Unveils Plan to Address Crypto Risks Ahead of MiCA Regulation Implementation
16.1.2024
The European Securities and Markets Authority (ESMA) is actively preparing for the implementation of the Markets in Crypto-Assets (MiCA) regulation, marking a significant milestone in bringing comprehensive oversight to the digital asset space. As the ESMA prepares for the enforcement of the MiCA...
Ripple CEO Brad Garlinghouse Says Gensler is a “Political Liability” – Report
16.1.2024
Ripple CEO Brad Garlinghouse took shots at the United States Securities and Exchange Commission Chair (SEC), Gary Gensler, during an appearance at the World Economic Forum in Davos, Switzerland.  A new chair of the SEC? “I do think the chair of the SEC, Gary Gensler, is a political...
Coinbase's SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal
16.1.2024
Coinbase is about to make its case in a federal courtroom that the U.S. Securities and Exchange Commission (SEC) is wrong about its legal arguments that the crypto exchange has been trading unregistered securities. What the New York judge does next could have serious consequences for the wider...
Coinbase Faces a Crucial Week: Potential 30% Revenue Drop Looms – Here’s Why
16.1.2024
Crypto exchange Coinbase risks losing one-third of its total revenue due to ongoing legal pressure from federal regulators, according to several analysts familiar with the matter. In comments shared with Finance Feeds, Mizuho Securities analyst Dan Dolev explained that a poor court ruling shortly...
What caused the Bitcoin (BTC) dump post ETF approval? Is it time to look towards Ethereum (ETH) and Retik Finance?
16.1.2024
In a recent unforeseen turn of events, Bitcoin (BTC) experienced a dramatic fluctuation in its price, prompting a market-wide reevaluation and a shift of focus towards Ethereum (ETH) and Retik Finance. The Cause of Bitcoin’s Dump: A Social Media Fiasco The cause of the turmoil was a social...