US District Judge Analisa Torres has dismissed the case against Ripple executives Brad Garlinghouse and Chris Larsen, according to an order signed on October 23, 2023. The dismissal order specifically refers to “Institutional Sales” of XRP by the executives, omitting the categories of “Programmatic Sales” and “Other Distributions.” This strategic decision means that while Garlinghouse […]
Crypto exchange Coinbase has denied rumors that it has implemented a $5,000 per week limit on Bitcoin withdrawals. The rumors began after a user claimed on social media that they had encountered this restriction when trying to withdraw Bitcoin from Coinbase. However, a spokesperson from Coinbase stated that these claims were inaccurate and that there […]
The cryptocurrency project Safereum has left the crypto community in shock after a significant amount of liquidity was drained from the project shortly after a successful $600,000 fundraising campaign. The developers of Safereum unlocked the token supply and sold over 600 Ether, causing the price of the Safereum token to plummet by more than 94%. […]
BlackRock, the world’s largest asset manager, is reportedly planning to provide seed funding for its iShares spot Bitcoin exchange-traded fund (ETF). This funding would involve BlackRock purchasing a certain amount of Bitcoin to kickstart the fund. While the exact date and amount of funding have not been confirmed, recent filings suggest that the contribution could […]
The iShares spot Bitcoin exchange-traded fund (ETF) proposed by BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), indicating potential approval by the United States Securities and Exchange Commission (SEC). This development is seen as a significant step towards bringing a crypto ETF to the market. The ETF, with a ticker symbol […]
Investment manager BlackRock has revealed plans to provide initial funding for its spot Bitcoin exchange-traded fund (ETF), according to recent securities filings. The company’s S-1 amendment details the process of seeding an ETF, whereby a bank or broker-dealer purchases Bitcoin in exchange for ETF shares. This move by BlackRock is seen as a significant display […]
BlackRock and Fidelity, two major asset managers, have applied for spot Bitcoin exchange-traded funds (ETFs), reflecting the growing interest in these products. SEC Commissioner Hester Peirce, who has been supportive of such investment vehicles since 2018, commented on the increasing interest from firms and investors in Bitcoin ETFs. However, she cautioned against speculating on how […]
The United States Court of Appeal has issued a mandate requiring the Securities and Exchange Commission (SEC) to review Grayscale Investments’ application for a spot Bitcoin exchange-traded fund (ETF). The court’s decision, which was made on August 29, took effect on October 23 after the SEC failed to present an appeal by October 13. This […]
The Layer One Joint Task Force (L1JTF) in the Terra Luna Classic (LUNC) community has returned 344 million LUNC tokens to the community pool as part of their efforts to revitalize the protocol. These unused funds from Q3 2023 will now be deployed into financing activities for subsequent quarters. Vinh Nguyen, the squad leader of […]
FTX, a major cryptocurrency exchange, is facing legal troubles as its former general counsel testified in the criminal trial of its CEO, Sam Bankman-Fried. The counsel claimed to be unaware of the exchange’s mixing of funds with Alameda Research, a sister company. Additionally, an accounting professor provided analysis showing that Alameda had a negative balance […]
