Former chairman of the United States Securities and Exchange Commission (SEC), Jay Clayton, has stated that the approval of a spot Bitcoin ETF is “inevitable”. In a recent interview with CNBC, Clayton expressed his belief that the SEC will soon approve the first spot Bitcoin ETF for trading in the United States. This comes after […]
Former US Securities and Exchange Commission (SEC) chair Jay Clayton has expressed his belief in the inevitable approval of Bitcoin ETFs. Clayton, who served as SEC chair from 2017 to 2020, emphasized the robustness and efficacy of the Bitcoin trading market, stating that it has significantly improved over the past five years.Clayton highlighted the importance […]
Omid Malekan, a renowned author and professor at Columbia Business School, has raised concerns about a tokenomics practice prevalent among newly launched layer-1 blockchains such as Aptos and Celestia. He fears that this practice may soon attract regulatory scrutiny and potential crackdowns.Malekan criticized the practice of allowing insiders with locked tokens to stake and earn […]
The US Securities and Exchange Commission (SEC) has recently filed a notice of supplemental authority in its lawsuit against Binance, Binance.US, and former CEO Changpeng ‘CZ’ Zhao. The SEC is citing the judgment in SEC v. Terraform Labs as a significant precedent in its case. This strategic move is aimed at leveraging the Terra ruling […]
The U.S. Securities and Exchange Commission (SEC) has started to publish notices of filing updates related to spot Bitcoin ETFs. As of 10:45 p.m. UTC, the SEC’s national securities exchange page listed amendments to eight 19b-4 filings detailing proposed rule changes. Six of these updated filings concern proposed rule changes through which the Cboe BZX […]
Custodia Bank CEO Caitlin Long has raised concerns about a “hidden risk” associated with the imminent launch of several Bitcoin ETFs in the United States, following BlackRock’s recent update to its S-1 filing. Long suggests that sponsors may seek to increase their profits through securities lending, a practice that could expose investors to hidden risks.Long’s […]
Binance, the leading global crypto exchange, has released its fourteenth Proof of Reserves (PoR), providing an in-depth look into its reserves as of January 1, 2024. The disclosure is timely, given the need for trust and transparency in the crypto industry, particularly following significant disruptions such as the FTX collapse.The recent PoR, which uses the […]
Asset manager Valkyrie has led the charge among companies filing their final S-1 amendments ahead of the anticipated January 10 approval date for the first spot Bitcoin ETFs in the United States. Following closely behind Valkyrie were WisdomTree, BlackRock, VanEck, Invesco & Grayscale, and ARK Invest & 21Shares.Monday morning saw a flurry of activity as […]
The Securities and Exchange Commission (SEC) is set to make a decision on Bitcoin Exchange-Traded Funds (ETFs) from major players like BlackRock and Fidelity by January 10th. This decision could significantly impact the crypto market. Amidst this anticipation, there is speculation on whether Bitcoin’s price will surge to $55,000 or drop to $30,000, marking a […]
Nebraska State Senator Eliot Bostar has introduced a bill to establish basic cryptocurrency standards in the state. The legislative bill 911, also known as the Blockchain Basics Act, was introduced on January 5. The bill’s primary objective is to create a safe and legal environment for cryptocurrency mining, holding, and trading for Nebraska’s citizens.The Blockchain […]
