A French citizen residing in the United Arab Emirates, Aurelien Michel, has pleaded guilty to charges of conspiracy to commit wire fraud in connection with his Mutant Ape Planet non-fungible token (NFT) collection. Michel was arrested earlier this year at JFK Airport in New York by Homeland Security Investigation agents. The charges stem from accusations […]
Tether Holdings Ltd, the stablecoin giant, is planning to invest $500 million into Bitcoin mining operations. This move marks a significant diversification of Tether’s core business and could have a major impact on the competitive mining sector. Tether’s strong financial position, with a cash surplus of $3.2 billion, enables the company to undertake such a […]
CoinShares, a major European asset manager, has secured an exclusive option to acquire Valkyrie’s crypto-focused exchange-traded funds (ETFs) by March 31, 2024. This deal allows CoinShares to purchase 100% of Valkyrie Funds from Valkyrie Investments, including all associated rights with the Valkyrie Bitcoin Fund and any other unlaunched ETFs held by Valkyrie Investments. As part […]
Republican presidential candidate Vivek Ramaswamy has unveiled his cryptocurrency policy framework, promising to dismantle federal regulations and reduce the workforce of regulatory bodies like the SEC and the CFTC if elected. Ramaswamy’s plan, called the ‘Three Freedoms of Crypto,’ advocates for a 75% reduction in the federal workforce, including the SEC, with the aim of […]
Securities regulators in Texas and Alabama have accused GS Partners, Swiss Valorem Bank, and related entities controlled by Josip Heit of fraudulently raising millions from investors in multiple crypto schemes. The Texas State Securities Board issued an emergency cease and desist order against GS Partners, while the Alabama Securities Commission filed its own order targeting […]
The Securities and Exchange Commission (SEC) has received a registration statement from BlackRock for an exchange-traded fund (ETF) that will hold ETH, the native token of the Ethereum network. The iShares Ethereum Trust, structured as a Delaware statutory trust, will hold ETH as its primary asset and issue shares to investors that will be listed […]
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 […]
