In a significant shift in cryptocurrency trading, the Securities and Exchange Commission (SEC) has approved the trading and listing of shares of spot Bitcoin exchange-traded products (ETPs). The SEC chairman, Gary Gensler, emphasized the Commission’s neutrality in this decision, which is based on the assessment of consistency with the Exchange Act and applicable regulations. However, […]
Celsius, the once prominent crypto staking, lending, and exchange platform, has taken a bold stance against former clients who withdrew their funds before the company could freeze them. The company, which has now shifted its focus to Bitcoin mining following the approval of its bankruptcy plan, was the first major player in the crypto industry […]
Good day to all! The financial world is abuzz with the news that Spot Bitcoin ETFs have received approval from the SEC. This is a developing story, and we will be providing live updates over the coming hours.The news was announced in a rather haphazard manner. The approval document made a brief appearance on the […]
United States Securities and Exchange Commission (SEC) Chair, Gary Gensler, has made it clear that despite the recent approval of 11 spot Bitcoin exchange-traded funds (ETFs), his agency does not endorse Bitcoin. This statement was made on January 10, shortly after the historic approvals.Gensler emphasized the SEC’s skeptical view of the cryptocurrency, highlighting Bitcoin’s “speculative” […]
The U.S. Securities and Exchange Commission (SEC) has approved the long-awaited spot Bitcoin ETF, marking a significant shift in the future of Bitcoin in the US financial market. This announcement comes after weeks of speculation and leaks. Gary Gensler, chairman of the SEC, confirmed the approval, stating that despite the rejection of over 20 similar […]
The U.S. Securities and Exchange Commission (SEC) has officially approved America’s first regulated spot Bitcoin Exchange-Traded Funds (ETFs). This landmark decision was initially marred by a misleading tweet from the SEC’s account, causing market turmoil. However, the approval of 19b-4 applications from firms such as ARK 21Shares, Invesco Galaxy, and others, has now paved the […]
The Federal Bureau of Investigation (FBI) has become involved in an investigation into a security breach of the U.S. Security and Exchange Commission’s (SEC) X account, according to a statement from an SEC spokesperson. The spokesperson clarified that the FBI is not investigating the SEC itself, but is instead collaborating with the SEC on the […]
Ripple Labs Inc. has announced a significant step in its corporate strategy with the repurchase of a $285 million stake from its investors and employees. This move is part of a broader $500 million strategy, which includes the conversion of restricted stock units into common stock. The buyback strategy underscores Ripple’s resilience and offers an […]
In a recent interview, Snyder shed light on the complexities of trading new products. He emphasized that the actual impact of a new product being available for trade is not immediately visible. Instead, it typically takes around 90 days, or a quarter, to truly understand what the new product looks like in the market.Furthermore, Snyder […]
In a landmark decision, the US Securities and Exchange Commission (SEC) has given the green light to all 11 spot Bitcoin Exchange Traded Funds (ETF), marking a significant shift in the crypto market. The approved ETFs belong to VanEck, Bitwise, Fidelity, Franklin, Valkyrie, Hashdex, Ark Invest, Grayscale, BlackRock, WisdomTree, and Invesco Galaxy.The digital asset market […]
