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 […]
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 […]
The New York State Department of Financial Services (NYDFS) has announced new regulations aimed at safeguarding investors in the cryptocurrency market. Cryptocurrency companies will now be required to submit their listing and delisting procedures for approval to the NYDFS. The regulator will evaluate these procedures based on stricter risk assessment guidelines, considering factors such as […]
Commerzbank, a leading German full-service bank, has achieved a significant milestone by becoming the first bank in Germany to receive a Crypto Custody Licence. This license allows the bank, which manages assets worth $536 billion, to offer a wide range of digital asset services, with a focus on popular cryptocurrencies like Bitcoin, XRP, and IOTA. […]
The New York State Department of Financial Services (NYDFS) has announced stricter guidelines for cryptocurrency firms listing and delisting coins in the state. The new restrictions require crypto companies to submit their coin listing and delisting policies for NYDFS approval. These policies will be evaluated against more rigorous risk assessment standards to protect investors. Factors […]
