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Hong Kong Likely to Approve Spot Bitcoin ETFs Next Week: Reuters
10.4.2024
Hong Kong regulators are likely to approve the first set of applications for spot bitcoin exchange-traded funds next week, making it possible that the products could be ready for an April launch, Reuters reported on Wednesday, citing two people familiar with the matter
South Africa’s Regulator Approves 59 Crypto Licences: Report
14.3.2024
South Africa's regulator Financial Sector Conduct Authority (FSCA) has approved 59 operating licenses for cryptocurrency exchanges, according to a Reuters report citing an official from the regulatory body.
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Terraform Labs Secures Dentons Representation Despite Objections, U.S. Court Decides
13.3.2024
US Judge Brendan Shannon has granted bankrupt crypto company Terraform Labs permission to hire Dentons for its legal representation, according to a report by Reuters. Shannon approved the hiring at a bankruptcy court hearing in Wilmington, Delaware after he deemed Terraform’s legal spending...
Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters
13.3.2024
A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
29.2.2024
The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reuters
FTX Cleared to Sell Its Stake in AI Startup Anthropic: Report
23.2.2024
Bankrupt cryptocurrency exchange FTX has been permitted to sell its shares in the artificial intelligence firm Anthropic, according to an issue ordered by U.S. Federal Judge John Dorsey on Thursday, reports Reuters.
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Sam Bankman-Fried Stands by Legal Team Amidst Conflict of Interest Concerns
22.2.2024
Disgraced former FTX CEO Sam Bankman-Fried (SBF) on Wednesday confirmed plans to stick with his new lawyers Marc Mukasey and Torrey Young, who are also representing Celsius CEO Alex Mashinsky, according to a report by Reuters. In a hearing, U.S. Southern District Judge Lewis Kaplan asked...
Peter Thiel’s VC Firm Founders Fund Made $200M Crypto Bet Last Year
13.2.2024
San Francisco-based venture capital firm Founders Fund has once again jumped on the crypto bandwagon. Reuters reported on Monday that Peter Thiel’s VC allocated $200m toward crypto from late summer to early fall of 2023. Half of this investment was directed towards Bitcoin, with the other...
Peter Thiel Made $200M Investment in BTC, ETH Before Bull Run: Reuters
13.2.2024
A source said that the investment was split evenly between the two digital assets
UN Expert Panel Investigate $3B Worth North Korean Crypto Cyberattacks: Report
9.2.2024
An independent United Nations jury of sanctions monitors is conducting a probe into North Korea’s involvement in $3 billion worth cyberattacks on crypto firms. According to an unpublished UN report reviewed by Reuters, the monitors accused the Democratic People’s Republic of Korea (DPRK)...
El Salvador President Nayib Bukele Eyes Bitcoin-Backed Bonds, Bitcoin Cities in Re-election Bid
1.2.2024
El Salvador’s President Nayib Bukele intends to push forward with his plans for Bitcoin if he secures a second term in the upcoming election. Despite pressure from the International Monetary Fund (IMF) to reconsider the country’s adoption of Bitcoin as legal tender during loan...
US SEC Delays Decision on Grayscale’s Spot ETH ETF Application
26.1.2024
The U.S. Securities and Exchange Commission (SEC) delayed its decision on an application by crypto asset manager Grayscale Investments to convert its Ethereum trust product into a spot exchange-traded fund (ETF) on Thursday, as per a Reuters reported. A day before the US regulator had delayed...
Chinese Crypto Market Recorded $86.4B in Raw Transaction Volume in a Year, Eclipsing Hong Kong
25.1.2024
In the face of China’s economic downturn and a sluggish stock market, Chinese investors are turning to the crypto market as a safer alternative to traditional investments, despite the government’s crypto ban. Chinese citizens are finding creative ways to enter the crypto market, fueling...
Reddit Scheduled For IPO Launch in March, Set to Offset 10% of Stocks – Report
18.1.2024
Source: AdobeStock /Aozora San Francisco-based social media giant Reddit is scheduled for an initial public offering (IPO) in March, according to a Reuters report. Reddit, famous for its role in the meme stock frenzy of 2021, is making its second attempt at a public listing after an initial move...
SEC Agrees to Postpone Terraform Labs Trial Pending Do Kwon’s Extradition
16.1.2024
The U.S. Securities and Exchange Commission (SEC) has filed in agreement with Terraform Labs to postpone the civil trial against Do Kwon and his former company, amid ongoing extradition proceedings. According to Reuters, in its recent court filing in Manhattan federal court, the SEC has requested...
Ripple Labs Initiates Plan to Repurchase $285 Million Stake from Early Investors
11.1.2024
Source: AdobeStock Cryptocurrency company Ripple Labs has announced its plans to repurchase shares worth $285 million from early investors and staff. ???? #Ripple to buy back $285 million of its shares, valuing company at $11 billion.#crypto — Aman????Sai (@amansaiofficial) January 10, 2024...
India’s Digital Rupee Hit 1 Million Daily Transactions in December: Report
4.1.2024
Source: AdobeStock / picsmart India’s digital rupee hit 1 million daily transactions in December, aligning with the Reserve Bank of India’s targeted goal for daily transactions by the end of 2023, Reuters reported. The central bank digital currency (CBDC), known as the e-rupee,...
The DOJ “Led the Way” in Defining Boundaries for the Crypto Industry in 2023: Former US Prosecutor
1.1.2024
Image source: Reuters In 2023, the Department of Justice (DOJ) emerged as a leading force in defining the boundaries of the cryptocurrency industry through high-profile criminal prosecutions. While the Securities and Exchange Commission (SEC) filed civil lawsuits against major players in...
SEC Meets with Seven Bitcoin ETF Applicants as 29 December Deadline Approaches: Reuters
25.12.2023
Source: AdobeStock / Backcountry Media Representatives from at least seven companies seeking to launch exchange-traded funds (ETFs) linked to spot Bitcoin (BTC) have met with officials from the Securities and Exchange Commission (SEC). According to a report by Reuters, the discussions, based...
El Salvador Passes Law to Offer Citizenship to Foreign Bitcoin Investors
22.12.2023
Source: Pixabay / 12019 El Salvador‘s Congress has passed a new law enabling foreign citizens to obtain citizenship by investing in Bitcoin, according to Reuters. On Dec. 21, the Salvadoran unicameral legislature, dominated by President Nayib Bukele‘s New Ideas party, voted in favor...