BlackRock, the world’s largest asset manager, has filed a registration statement and prospectus with the Securities and Exchange Commission (SEC) for an Ethereum-based exchange-traded fund (ETF). The proposed ETF, called the iShares Ethereum Trust, will directly hold Ethereum and track its price before fees and expenses. The ETF’s net asset value (NAV) will be calculated […]
BlackRock, the world’s leading asset management firm, has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to create an Ethereum spot exchange-traded fund (ETF). The ETF, called iShares Ethereum Trust, aims to track the price performance of Ethereum. This move marks a significant step for BlackRock in expanding its ETF range. […]
Several members of Congress have submitted a memo urging financial authorities to clarify that SEC Staff Accounting Bulletin 121 (SAB 121) is not enforceable. The memo argues that SAB 121 should have no legal effect and that banks and other financial institutions should not be required to comply with it. SAB 121 is a rule […]
BlackRock, the world’s largest asset manager, has filed for an Ether Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This move comes after BlackRock registered the iShares Ethereum Trust with the Delaware Department of State Division of Corporations. The company had previously filed for a Bitcoin ETF application. BlackRock’s entry […]
Paxos, a blockchain platform, has received in-principle approval from the Monetary Authority of Singapore (MAS) to launch a US dollar stablecoin in Singapore. This move marks the expansion of Paxos Digital Singapore into the Asian market and aligns with MAS’ forthcoming stablecoin framework. The approval comes after the release of several tokenization pilots in the […]
Attorney John Deaton has offered a fresh perspective on the legal confrontation between Ripple and the SEC, potentially changing the course of the dispute. Deaton argues that Ripple’s potential $770 million fine could be significantly reduced based on legal precedents. He suggests that Ripple may be able to exclude XRP institutional sales conducted outside the […]
The New York Department of Financial Services (NYDFS) has issued new guidance on crypto regulations in an effort to protect consumers and increase transparency in the crypto industry. The proposed measures require licensed entities to notify the authority when listing or delisting a crypto coin and submit their policies on how they handle these actions. […]
Binance, the world’s largest cryptocurrency exchange, is expanding its operations to Thailand with the launch of “Gulf Binance” in 2024. The exchange has partnered with Gulf Innova, a subsidiary of Thai conglomerate Gulf Energy, to establish this new entity. This move marks Binance’s first regulated business in Southeast Asia, as Gulf Binance has obtained a […]
Onyx by J.P. Morgan, in collaboration with Apollo Global and under the aegis of the Monetary Authority of Singapore’s Project Guardian, has unveiled a proof-of-concept with Avalanche, a leading blockchain platform. This innovative venture aims to revolutionize asset and wealth management by harnessing the potential of blockchain, smart contracts, and tokenization to streamline portfolio management, […]
In early 2024, Binance, one of the world’s largest cryptocurrency exchanges, plans to launch a new exchange in Thailand through a joint venture with Gulf Energy Development. The project, known as Gulf Binance, received approval from the Securities and Exchange Commission and is set to launch on an invitation-only basis on November 15, 2023, before […]
