A Nigerian crypto exchange, Yellow Card, sees the recent guidelines from the Central Bank of Nigeria (CBN) as an opportunity for increased legitimacy and integration with the traditional financial system. The CBN’s decision to lift the ban on crypto transactions is expected to expand Yellow Card’s user base and foster competition and innovation in the […]
A number of companies have submitted their final applications for a spot Bitcoin exchange-traded fund (ETF) to the United States Securities and Exchange Commission (SEC) on December 29. Invesco Galaxy, Bitwise, WisdomTree, and Fidelity were among the companies that submitted their applications, following BlackRock, Van Eck, and Valkyrie. Fidelity, WisdomTree, and Invesco Galaxy have announced […]
Asset managers BlackRock, Valkyrie, and Van Eck have submitted amended S-1 forms to the United States Securities and Exchange Commission (SEC) for the creation of Bitcoin exchange-traded funds (ETFs). The forms were revised on the final day for the SEC to consider them in January 2024.In its revised application, Van Eck stated that authorized participants […]
A federal judge has ruled that Do Kwon and his company, Terraform Labs, violated US securities laws by illegally selling unregistered securities to the public. Judge Jed Rakoff found in favor of the US Securities and Exchange Commission (SEC), stating that Terraform failed to register its cryptocurrencies, $LUNA and Mirror Protocol ($MIR), as securities. The […]
BlackRock has updated its spot Bitcoin ETF application with the SEC, naming JP Morgan Securities and Jane Street Capital as authorized participants for share creation and redemption. This move is seen as ironic due to JP Morgan CEO Jamie Dimon’s previous negative comments about Bitcoin, although the firm is involved in blockchain technology. Jane Street […]
A federal judge has sentenced cryptocurrency entrepreneur Do Kwon and his company Terraform Labs for violating US law by failing to register two digital currencies that collapsed in 2022. The ruling could have significant implications for the crypto industry. US District Judge Jed Rakoff sided with the US Securities and Exchange Commission (SEC) in a […]
US Congressman Tom Emmer, known for his expertise in digital assets and support for cryptocurrencies, has introduced the Securities and Exchange Commission (SEC) Stabilization Act. The legislation aims to remove SEC Chairman Gary Gensler from his position, citing concerns over his regulatory actions in the digital asset sector.Emmer has been critical of Gensler’s approach to […]
The deadline for spot Bitcoin exchange-traded fund (ETF) applicants in the United States to file final S-1 amendments is today, December 29. This deadline is significant as it will determine which applicants could potentially be approved for the first wave of spot Bitcoin ETFs in early January. The U.S. Securities and Exchange Commission (SEC) has […]
Chinese authorities are taking steps to crack down on the use of cryptocurrencies, specifically Tether USDT, in foreign exchange trading. The Supreme People’s Procuratorate (SPP) and the State Administration of Foreign Exchange (SAFE) have issued a joint statement warning the public against using Tether as an intermediary for trading yuan with other fiat currencies.The authorities […]
ARK Invest has filed its final S-1 amendment for its proposed spot Bitcoin ETF, positioning itself to be considered in the first wave of approvals in January. The Securities and Exchange Commission (SEC) reportedly set a deadline for applicants to file their final amendments by December 29, with the understanding that those who miss the […]
