Tether, the issuer of the world’s largest stablecoin, has reportedly found a new banking partner in the Bahamas-based Britannia Financial Group. The USDT issuer has been leaning on Britannia Bank & Trust to process its US Dollar transfers after several traditional financial institutions cut ties with the crypto industry.Citing people familiar with the matter, Bloomberg […]
Grayscale’s Bitcoin Trust GBTC has achieved a major victory in the DC Court, as the court ruled that the SEC does not have the authority to reject the transformation of GBTC into a Bitcoin ETF. This ruling has caused a 6% surge in Bitcoin prices. Various applications have been submitted to the SEC challenging their […]
Kim Nam-kuk, a former member of the main opposition Democratic Party in South Korea, has been spared from expulsion after a parliamentary ethics subcommittee voted down a motion to expel him.The subcommittee rejected the proposal on Aug. 29 after the ruling People Power Party (PPP) and the DP divided evenly over the motion in a […]
Grayscale Investments, a leading digital asset management firm, has won a landmark case against the U.S. Securities and Exchange Commission (SEC). This victory has been seen as a major milestone for the crypto industry, as it could open the door for a spot-based Bitcoin ETF.The SEC has been facing difficulties in its regulatory efforts against […]
BlockFi, a cryptocurrency lender, has filed a proposed court order to convert certain client assets into withdrawable funds as part of its ongoing bankruptcy proceedings. The assets, which comprise less than half a percent of all client funds, include Algorand, Bitcoin Cash, and Dogecoin. The proposed order would allow a one-time conversion of the assets […]
The US Securities and Exchange Commission (SEC) has filed a sealed motion for leave to file documents under seal in its ongoing case against Binance. Former SEC attorney John Reed Stark has suggested that the SEC may be doing this to protect a criminal investigation or prosecution conducted by the US Department of Justice (DOJ). […]
The EOS token reacted positively to the news of its approval, rising by 9% to $0.63108. This is still far from its all-time high of $22.89 in 2018. The bullish price action can also be attributed to the positive market sentiment, as Bitcoin (BTC) and Ethereum have surged by over 5% in the past 24 […]
The EOS Network Foundation has announced that the Japan Virtual and Crypto Asset Exchange Association (JVCEA) has approved the EOS cryptocurrency for inclusion on its whitelist. This opens the door for EOS to be traded in Japan on authorized cryptocurrency exchanges against the yen. Midway through September, EOS will start trading on BitTrade, a renowned […]
Hong Kong-based retail cryptocurrency traders now have access to a locally based cryptocurrency exchange after HashKey launched its retail trading services on Aug. 28. The exchange was previously only available to professional and institutional investors, but was granted Type 1 and Type 7 licenses by the Hong Kong Securities and Futures Commission (SFC) on Aug. […]
A three-judge panel in Washington D.C. has overturned the decision of the U.S. Securities and Exchange Commission (SEC) to reject Grayscale’s efforts to launch a Bitcoin ETF based on spot prices. Grayscale had provided substantial evidence of a 99.9% correlation between Bitcoin’s spot and derivative markets, which is based on the logical and mathematical connection […]
