U.S. Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam has called for a substantial regulatory framework to be implemented in the cryptocurrency market. He believes that approximately 70% of the crypto market should be recognized as commodities and that legislation from Congress is needed to provide clear guidelines on commodity tokens and enhance the CFTC’s […]
Coinbase, a US-based cryptocurrency exchange, has been granted a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Coinbase to provide regulated digital payment token (DPT) products and services to both individuals and institutions in Singapore. Coinbase has expressed its gratitude to the MAS for its instrumental role in […]
Nine Ethereum futures exchange-traded funds (ETFs) became available for trading on the Cboe exchange on October 2. Six asset managers, Valkyrie, VanEck, ProShares, Bitwise, Kelly, and VolShares, are offering the nine funds. Four of the ETFs invest in a combination of Bitcoin futures and Ethereum futures, while the other five invest solely in Ethereum futures.Bloomberg […]
A class-action lawsuit against Terraform Labs and its co-founder Do Kwon over fraud allegations has been dropped. The notice of voluntary dismissal was filed on Sept. 28 in the United States District Court for the Northern District of California, and did not state the reasons for dropping the case without prejudice. The court had not […]
Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, has cancelled its plans to launch an Ethereum futures ETF on Oct. 2. In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation, citing changes in the market. However, Young added that plans for an ETH futures […]
Rostin Behnam, chair of the United States Commodity Futures Trading Commission (CFTC), spoke at the Financial Industry Association Expo 2023 event in Chicago about the agency’s activity in the crypto sphere and the need for up-to-date legislation. He noted that the CFTC Enforcement Division had collected $6 billion in penalties in fiscal year 2023, with […]
The federal appeals court for the District of Columbia recently ruled in favor of Grayscale Investments in their attempt to turn their Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). Judge Neomi Reo granted Grayscale’s order to review and vacated the SEC’s order to deny the GBTC listing application, citing that the […]
Michael Lewis, author of The Big Short, has written a book about Sam Bankman-Fried, the former CEO of FTX. In an excerpt of Going Infinite: The Rise and Fall of a New Tycoon published in the Washington Post, Lewis described Bankman-Fried’s interactions with the media and influential figures prior to the downfall of FTX and […]
Grayscale Investments, a global leader in digital asset investment, is seeking approval from the US Securities and Exchange Commission (SEC) to convert its Grayscale Ethereum Trust (ETHE) into a spot Ethereum exchange-traded fund (ETF). The move, in partnership with NYSE Arca, marks a significant step toward bringing cryptocurrencies further into the mainstream financial landscape.Grayscale’s Ethereum […]
The Securities and Exchange Commission (SEC) has delayed its decision on the listing of spot Bitcoin and Ether exchange-traded funds (ETFs). The SEC delayed making decisions until Dec. 25 and Jan. 10, respectively, for spot Ether ETFs from VanEck and ARK 21Shares, while GlobalX will have to wait until Nov. 21 for the commission’s decision. […]
