SafeMoon CEO Braden John Karony’s bail release order has been put on hold by United States federal prosecutors. They argue that Karony is a flight risk and his release could pose a danger to the community. The prosecutors challenged a Utah Magistrate judge’s decision to grant Karony a $500,000 bail, and a New York District […]
The former compliance chief of OneCoin, a cryptocurrency scheme that defrauded investors out of $4 billion, has pleaded guilty to wire fraud and money laundering charges. Irinia Dilkinska, the “Head of Legal and Compliance,” admitted to facilitating the laundering of millions of dollars of illicit profits obtained through OneCoin’s multi-level-marketing scheme. Despite her role in […]
BlackRock, a $9 trillion asset management firm, has confirmed its plans to launch a spot Ethereum exchange-traded fund (ETF). The firm filed a 19b-4 form with the United States Securities and Exchange Commission, signaling its intention to expand beyond Bitcoin. This move comes after BlackRock registered a corporate entity called “iShares Ethereum Trust” in Delaware. […]
Asset management giant BlackRock has submitted a request to the Securities and Exchange Commission (SEC) for approval to list the BlackRock Ethereum Trust on the Nasdaq exchange. This move comes after BlackRock registered its iShares Ethereum Trust with Delaware, indicating that an SEC filing was imminent. Unlike existing products such as the Grayscale Ethereum Trust, […]
Celsius Network, a failed crypto lending firm, has been given the green light to exit bankruptcy and implement its recovery plan. The plan involves transforming the company into a Bitcoin mining firm owned by its creditors. As part of the plan, Celsius will compensate users whose account balances were previously frozen by providing them with […]
Taiwan’s Financial Supervisory Commission (FSC) has granted Cathay Securities the country’s first security token offering (STO) license. Cathay’s “Sunshine Green Yield” STO bonds, with a maturity of six years, an initial annual interest rate of 3.5%, and a principal amount of 30 million New Taiwan Dollars ($0.93 million), have received regulatory approval. These bonds allow […]
BlackRock, a prominent investment management firm, has taken a significant step towards filing for an Ethereum Exchange-Traded Fund (ETF). The company recently registered the iShares Ethereum Trust in Delaware, a move reminiscent of its previous registration for a Bitcoin Trust. This development highlights Ethereum’s potential as an asset class in institutional investment portfolios. However, it […]
SC Ventures, the fintech investment arm of Standard Chartered, is partnering with Japanese financial conglomerate SBI Holdings to establish a “Digital Asset Joint Venture” investment company in the UAE. The joint venture aims to make strategic and minority investments in various areas, including market infrastructure, risk management, compliance tools, DeFi, tokenization, consumer payments, and the […]
SEC Chair Gary Gensler’s recent comments have sparked a surge in the value of FTT tokens. Gensler hinted that FTX, which had previously faced bankruptcy, could potentially make a comeback if it adheres strictly to the law. This news has caused FTT tokens to rally by an impressive 90%. Investors are optimistic about the potential […]
HSBC Holdings Plc, one of the world’s largest banks, is making a strategic move in the financial industry by offering custody services for digital assets to institutional clients. In collaboration with Metaco, a decentralized finance firm owned by Ripple, HSBC plans to provide secure and efficient management of digital assets. This move is in response […]
