Ripple and Bitnomial clap back The SEC is facing legal battles with Ripple and Bitnomial over XRP futures, while also suing Cumberland. Bitcoin whales are accumulating, leading to speculation of a potential price pump. Binance executive Tigran Gambaryan was denied bail, Uniswap launched the Unichain testnet, and Tron founder Justin Sun became the Prime Minister … Read more
South Korean Regulator And US SEC Set To Ignite NFTs And Bitcoin ETFs In May, Details Inside South Korea’s FSS Chairman is set to meet with the SEC Chairman in May to discuss the classification of NFTs and approval of spot Bitcoin ETFs. NFTs, providing unique certificates of authenticity for digital assets, are gaining popularity. … Read more
In Lejilex vs. SEC, Crypto Goes on Offense in the Courts Impact litigation has proven to be effective in shaping industry regulations through successful court cases. Ripple Labs, Uniswap Labs, and Grayscale have all scored major victories in high-profile cases against the SEC, setting important precedents for the cryptocurrency industry. Ripple Labs successfully argued that … Read more
SEC Mishap Triggers $220 Million In Crypto Liquidations A fake tweet from the SEC’s hacked Twitter account claiming approval of Spot Bitcoin ETFs triggered a surge in prices followed by a crash, leading to $220 million in liquidations and losses for 70,000 traders. Long traders suffered the most, with $133.5 million in liquidations compared to … Read more
Valkyrie Bitcoin ETF Gears Up For Wednesday Launch; CIO Foresees Massive $4-5B Inflows Valkyrie Investments co-founder and CIO Steven McClurg is optimistic about the potential approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) by January 10th. The company plans to launch its spot Bitcoin ETF, named Valkyrie Bitcoin Fund, with the … Read more
Bitcoin ETF By VanEck To Benefit BTC Core Developers With 5% Profit Donation VanEck, an asset manager seeking approval for a Bitcoin ETF from the SEC, has committed to supporting Bitcoin core developers. They plan to donate 5% of the potential profits from the ETF to Brink, an organization that supports Bitcoin Core developers. This … Read more
Imminent Approval of U.S. Bitcoin ETF Boosts Crypto Market Optimism The SEC has requested that issuers make their authorized participant agreements available, which outlines the role of creating and redeeming ETF shares. This role will be particularly challenging for bitcoin ETF authorized participants, requiring knowledge of digital assets, safekeeping and custody, due diligence for anti-money-laundering … Read more
Top 5 Events That Shook Up The Crypto Industry In 2023 In 2023, the crypto industry experienced significant events, including Blackrock’s application for a Spot Bitcoin ETF, founder Sam Bankman-Fried’s fraud conviction, CZ’s resignation from Binance, the XRP ruling in the SEC case, and Grayscale and Coinbase’s legal battles with the SEC. These events had … Read more
According to the filing, Congress has evaluated numerous proposals since 2019 to establish a structured and practical framework for crypto assets and their trading platforms. Importantly, none of these proposals aimed to grant exclusive regulatory jurisdiction to the SEC over the cryptocurrency industry. Despite this, the SEC has filed a lawsuit seeking to extend its … Read more
What The SEC’s Latest Announcement Means For The Crypto Industry The US Securities and Exchange Commission (SEC) has announced plans to take action against more crypto companies that are breaking the law, indicating that the crypto industry may face further challenges. The SEC has already filed lawsuits against major crypto exchanges Binance and Coinbase, and … Read more
