Michael Ackerman, a resident of Alliance, Ohio, has been hit with a permanent injunction by default judgment, as declared by the Commodity Futures Trading Commission (CFTC) on June 28. The judgment, handed down by Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York, prohibits Ackerman from participating in […]
Bitcoin’s price experienced dramatic swings yesterday following a hack on the US Securities and Exchange Commission’s (SEC) official X account. A fraudulent tweet was posted at 4:11 PM EST on Tuesday, falsely claiming the approval of a spot Bitcoin exchange-traded fund (ETF).Within fifteen minutes, SEC Chair Gary Gensler responded with a statement on his X […]
In a landmark decision, the U.S. Securities and Exchange Commission (SEC), under the leadership of Chair Gary Gensler, has approved the country’s first Bitcoin-tracking exchange-traded funds (ETFs). This move is a significant milestone for Bitcoin and the broader cryptocurrency sector.The SEC has given the go-ahead to 11 ETF applications from major industry players such as […]
The Securities and Exchange Commission (SEC) has recently approved 11 Bitcoin ETFs, a significant development in the cryptocurrency sector. This regulatory milestone allows for the listing and trading of these spot Bitcoin exchange-traded funds, potentially reshaping the financial landscape and attracting substantial investment flows.Bloomberg, a trusted source in the financial world, has projected that the […]
The Securities and Exchange Commission (SEC) has recently approved 11 Bitcoin ETFs, marking a significant development in the cryptocurrency sector. This regulatory milestone allows for the listing and trading of these spot Bitcoin exchange-traded funds, potentially reshaping the financial landscape and attracting substantial investment flows.Bloomberg, a highly trusted source in the financial world, has projected […]
In a significant development, the U.S. Securities and Exchange Commission (SEC) has given the green light to 11 spot bitcoin exchange-traded funds (ETFs), a decision eagerly awaited by cryptocurrency enthusiasts. However, this historic regulatory approval did not trigger the expected surge in bitcoin’s price, which remained relatively flat over the past 24 hours.On the other […]
Turkey’s Finance Minister, Mehmet Simsek, has announced that the country’s cryptocurrency regulations are nearing completion. This is a significant move towards creating a regulated environment for cryptocurrency trading platforms in the country. The forthcoming regulations aim to reduce the risks associated with cryptocurrency trading.The primary goal of these regulations is to aid Turkey’s removal from […]
Spot Bitcoin exchange-traded funds (ETF) could have faced an unfavorable outcome if not for the Grayscale appeal last year, according to SEC Commissioner Hester ‘Crypto Mom’ Peirce. In a statement on Jan.10, Peirce outlined that issuers have been trying to get a spot Bitcoin ETF approved for over a decade. This process could have been […]
Bitcoin remained steady late Wednesday after the Securities and Exchange Commission (SEC) approved the first-ever spot bitcoin ETFs to trade in the U.S. The cryptocurrency managed to recover from earlier losses and was trading flat at $46,671.22, as per Coin Metrics. Concurrently, the price of ether surged to a high of 15.5% to $2,606.00, its […]
In a recent development, a dissenting commissioner from the U.S. Securities and Exchange Commission (SEC) has clarified that the agency has approved spot Bitcoin Exchange-Traded Products (ETPs), not Exchange-Traded Funds (ETFs). This clarification comes amid potential confusion among investors regarding the nature of the recently approved Bitcoin products.The SEC commissioner’s statement is significant as it […]
