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 […]
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 […]
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 […]
Solana-based decentralized finance (DeFi) protocol Marinade Finance has restricted access for users in the United Kingdom in compliance with new regulations set by the Financial Conduct Authority (FCA). The FCA introduced these regulations earlier in the year to govern the promotion of crypto products in the region. As a result, several crypto companies have either […]
Sam Bankman-Fried’s trial is nearing its conclusion, with the prosecution set to wrap up their case on October 26th after presenting nearly 20 testimonies. The prosecution has called upon a diverse range of witnesses, including former FTX employees, customers, investors, government officials, and law enforcement agents. The central argument of the case is that Bankman-Fried […]
The U.S. Securities and Exchange Commission (SEC) has dropped its charges against Ripple executives Chris Larsen and Brad Garlinghouse, canceling the scheduled trial for April 2024. However, the focus now shifts to Ripple’s alleged violation of securities laws through the sale of XRP. The company is accused of marketing over $700 million worth of XRP […]
Philippines-based crypto exchange Coins.ph is rumored to have suffered a hack that resulted in the potential loss of 12.2 million XRP, equivalent to $6 million. However, some of the funds have already been recovered. The hack reportedly took place on October 17, although Coins.ph has not yet confirmed the incident. On-chain data suggests that the […]
Coinbase’s Chief Legal Officer, Paul Grewal, is optimistic about the approval of a Spot Bitcoin Exchange Traded Fund (ETF) by the United States Securities and Exchange Commission (SEC). In an interview with CNBC, Grewal expressed confidence that the SEC will approve Bitcoin ETF applications because they should be granted under the law. He believes that […]
Coinbase, a leading cryptocurrency exchange, has chosen Ireland as its hub for the European Union’s Markets in Crypto-Assets (MiCA) regulation. This decision will allow Coinbase to utilize its existing infrastructure and drive growth across all 27 member countries of the EU. By establishing a presence in Ireland, Coinbase aims to take advantage of the country’s […]
Binance, the leading global cryptocurrency exchange, has announced that it will be shutting down its crypto-powered Visa debit card services in the European Economic Area (EEA) in December. The closure of the card does not affect customer accounts, and Binance is encouraging European customers to transition to its crypto payment technology, Binance Pay. The card […]
