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 […]
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 […]
Securities and Exchange Commission (SEC) Chair Gary Gensler has indicated that the agency is open to the possibility of the exchange resuming operations. Following Gensler’s comments at the DC Fintech Week conference, the native token of FTX, FTT, has experienced a significant price surge of 90%. Gensler responded to a question about former New York […]
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 […]
US Republican House Majority Whip Tom Emmer has introduced an appropriation amendment aimed at curbing the power of Securities and Exchange Commission (SEC) Chair Gary Gensler. Emmer criticizes Gensler’s anti-crypto stance, accusing him of regulatory abuse that stifles American innovation and capital formation. The amendment, which was unanimously passed by the US House of Representatives, […]
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 […]
SEC Chair Gary Gensler has expressed openness to a potential reboot of the bankrupt cryptocurrency exchange FTX, as long as the new leadership operates within the boundaries of the law. Gensler emphasized the importance of building investor trust, proper disclosures, and avoiding conflicts of interest. Tom Farley, former president of the New York Stock Exchange […]
