Tether, the issuer of the popular stablecoin USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas, to its platform to process dollar transfers. It is unclear when the banking relationship between Tether and Britannia Bank began, but other reported banking partners include Deltec Bank and Capital Union Bank.The move […]
The U.S. Court of Appeals for the D.C. Circuit has ruled in favor of Grayscale in its lawsuit against the Securities and Exchange Commission (SEC). The court found that the SEC had failed to adequately explain why it approved two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP.Grayscale had accused the SEC of “arbitrary […]
Binance, the world’s largest cryptocurrency exchange, has devised a strategy to retain its Belgian market following a suspension order by Belgium’s financial market regulator in June. The exchange has redirected all its Belgian users to its Polish branch, which is a registered virtual assets service provider (VASP) in the European Economic Area (EEA). Customers may […]
The crypto community was delighted when the District of Columbia Circuit Court of Appeals overturned the United States Securities and Exchange Commission’s (SEC) rejection of Grayscale Investments’ Bitcoin spot ETF application. Adam Cochran of Cinneamhain Ventures and Miles Deutscher, an influencer, both expressed their enthusiasm on X. Grayscale’s chief legal officer Craig Salm acknowledged the […]
Grayscale has won a major victory in court against the Securities and Exchange Commission (SEC), bringing the U.S. market one step closer to approval of a Bitcoin spot ETF. Bloomberg Intelligence Senior Legal Analyst Elliot Z. Stein had given Grayscale a 70% chance of winning its lawsuit against the SEC. Grayscale’s lawsuit accused the SEC […]
Binance, the world’s largest cryptocurrency exchange, held its first Community Meetup in Yerevan, Armenia. The event comes amid reports that the crypto giant is considering an exit from Russia due to regulatory pressures from the United States and Europe. Vladimir Smerkis, the General Manager and regional director of Binance in Russia and the CIS countries, […]
A federal judge has overturned the United States Securities and Exchange Commission’s (SEC) decision to deny an exchange-traded fund (ETF) offering from Grayscale Investments through its Bitcoin BTC Trust. The court ruled that the SEC’s justification of denying Grayscale’s Bitcoin ETF was insufficient and the matter will return to the commission for review.The SEC has […]
The U.S. Court of Appeals has recently made a decision that the SEC is not the ultimate arbiter of crypto. This means that the SEC does not have the final say in the matter, and that the U.S. court system and Congress can also offer legal interpretations. This is significant due to the recent statements […]
The United States Court of Appeals for the District of Columbia Circuit (DC Circuit) has ruled in favor of Grayscale in its dispute with the SEC over its Bitcoin ETF proposal. The SEC had previously denied Grayscale’s Bitcoin ETF based on the view that the proposal was not “designed to prevent fraudulent and manipulative acts […]
Blur, the NFT market’s new darling, has seen its native token, BLUR, fail to capture the bulls’ imagination. The token has dropped 85% from its record high of $1.40 in February 2023, and may decline further in the year due to a slew of negative catalysts. These include an increase in BLUR token transfers to […]
