Asset management firm VanEck has amended its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC). The amended filing reveals a unique seeding method, where the ETF will be seeded with Bitcoin. This approach differs from the seeding method used by competitor BlackRock. The filing states that an unnamed investor […]
Uniswap Foundation has transferred nearly 10 million UNI tokens, worth over $40 million, to various crypto exchanges in the past week. According to blockchain analyst Lookonchain, 3.4 million UNI tokens were sent to OKX, valued at $14.1 million, while 3 million UNI tokens were sent to Kraken’s Wintermute address, equivalent to $13 million. Additionally, 3.4 […]
Zodia Custody, a crypto custody platform co-owned by Standard Chartered, SBI Holdings, and Northern Trust, has expanded its services to Hong Kong. This move comes in response to the increasing demand for crypto custody solutions from institutions in Hong Kong. Zodia CEO Julian Sawyer attributes the expansion to Hong Kong’s crypto-friendly stance and the government’s […]
Sam “SBF” Bankman-Fried, the CEO of FTX and Alameda Research, testified in his ongoing criminal trial in the Southern District Court of New York. He denied any wrongdoing between the two companies but admitted to making mistakes during their rapid growth.Bankman-Fried refuted claims that he directed his inner circle to make political donations, although he […]
Elon Musk, the owner of X (formerly known as Twitter), recently revealed new details about the company’s planned payment services. During an all-hands staff meeting, Musk stated that the app will cover almost all areas of finance, including money, securities, and more. He emphasized that X aims to be more than just a platform for […]
Sam “SBF” Bankman-Fried, the CEO of FTX and Alameda Research, testified in his ongoing criminal trial in the Southern District of New York. Bankman-Fried denied any wrongdoing between the two companies but admitted to making mistakes during their rapid growth. He refuted claims of directing political donations but acknowledged the importance of lobbying for the […]
Stuart Alderoty, the Chief Legal Officer of Ripple Labs, and the XRP community have shown their support for SEC Commissioner Hester Peirce’s stance on the LBRY lawsuit. Alderoty expressed gratitude towards Commissioner Peirce and suggested that in cases of perceived injustice, it may be necessary to disregard standard protocols and raise concerns more vocally and […]
During the trial of Sam Bankman-Fried, co-founder of FTX crypto exchange, shocking revelations have emerged about his understanding of cryptocurrency. Bankman-Fried admitted to knowing very little about cryptocurrency before launching FTX and its affiliated hedge fund, Alameda Research. He confessed that he had no idea how cryptocurrencies worked and only knew that they could be […]
Sam Bankman-Fried (SBF), the former billionaire and founder of FTX and Alameda Research, testified in court about the $8 billion shortfall that led to the collapse of the companies. SBF stated that he was blindsided by the shortfall and described the efforts made to address the situation and cooperate with regulatory authorities. The trial also […]
Gemini, a cryptocurrency exchange, has filed a lawsuit against Genesis Global Holdco, a bankrupt crypto lender, over the fate of shares of Grayscale Bitcoin Trust (GBTC). These shares were used as collateral for loans made by Gemini users to Genesis. The collateral is currently worth close to $1.6 billion. Gemini claims to have received $284.3 […]
