The United States Securities and Exchange Commission (SEC) is on the verge of making a significant decision that could have a profound impact on cryptocurrency investments. By November 17, the SEC may approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications, opening up a new era of accessibility for digital assets. However, it’s important […]
XRP experienced a sudden surge in price due to a deceptive business registration claiming to be a BlackRock XRP trust. The filing, which closely resembled genuine registrations associated with the renowned asset management firm, caused a stir in the cryptocurrency community. The value of XRP briefly increased by about 14% as a result. However, the […]
An employee of FTX’s charity wing, Ross Rheingans-Yoo, is seeking payment of $275,000, the remaining amount of his claimed 2022 salary bonus. Rheingans-Yoo’s lawyers argue that only $375,000 of his $650,000 bonus was paid by FTX, with the remaining funds owed when the crypto exchange filed for bankruptcy in November 2022. FTX has objected to […]
Alphabet Inc., the parent company of Google, has sold off all of its shares in Robinhood Markets, according to a recent filing. This move comes as trading volumes on the popular commission-free trading app have declined. Alphabet had previously been a significant investor in Robinhood but has been gradually reducing its stake over time. The […]
Bithumb, the second-largest cryptocurrency exchange in South Korea, is making strategic moves to prepare for an initial public offering (IPO) on the KOSDAQ market. The exchange aims to challenge Upbit, the leading exchange in South Korea, and regain market supremacy. Bithumb’s IPO is expected to take place in 2025. The exchange is undergoing organizational reorganizations, […]
Bankrupt crypto lender Genesis has reached a settlement with defunct crypto hedge fund Three Arrows Capital (3AC) to pay $33 million in order to settle $1 billion in claims. The hedge fund’s collapse in June 2022 was a significant event in the crypto industry, and its claims against Genesis relate to transfers made before the […]
South Korean cryptocurrency exchange Bithumb is planning to go public on the Korean Securities Dealers Automated Quotations (KOSDAQ) through an Initial Public Offering (IPO) in 2025. This move is part of Bithumb’s expansion strategy and aims to position the exchange as a strong competitor against Upbit, a major player in the country’s cryptocurrency market. Bithumb […]
Bithumb, a major South Korean cryptocurrency exchange, is reportedly planning to go public on the KOSDAQ, South Korea’s equivalent of the Nasdaq. The exchange aims to become the first digital asset firm to achieve this milestone, with a targeted initial public offering (IPO) in the second half of 2025. Bithumb, founded in 2014, has established […]
Crypto exchange Bithumb is preparing to go public on the South Korean stock market, aiming to become the first digital asset company to do so. The initial public offering (IPO) is expected to take place on the KOSDAQ, South Korea’s equivalent of the Nasdaq, in the second half of 2025. Bithumb has selected Samsung Securities […]
Former FTX general counsel, Can Sun, along with other ex-FTX executives, is launching a new cryptocurrency exchange called Trek Labs. The Dubai-based start-up has obtained a license from the Emirate’s crypto regulator and aims to address the challenges that led to the downfall of their previous employer. Trek Labs is seeking investors and plans to […]
