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 […]
The cryptocurrency market has seen a surge in prices after Grayscale’s victory against the US Securities and Exchange Commission (SEC). Bitcoin rallied to $28k before settling near $27.4k, while altcoins followed suit. On-chain analyst Ali Martinez revealed that nearly 30,000 BTC were sent to crypto exchanges ahead of Grayscale’s triumph over the SEC, boosting the […]
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). […]
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 […]
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 […]
Elon Musk-led company X (formerly Twitter) has successfully secured the necessary authorization to function as a payment hub in the United States. This follows Grayscale’s victory on August 29 over the US Securities and Exchange Commission and the social network’s January 2022 approval of the use of NFTs as profile images. X has obtained a […]
The United States Securities and Exchange Commission (SEC) is facing its first deadlines to decide on seven new Bitcoin exchange-traded fund (ETF) applications. The latest deadline is September 4th. Investment firm Bitwise will learn if its ETF will win the SEC’s approval on September 1st, while BlackRock, VanEck, Fidelity, Invesco and Wisdomtree will all be […]
X, the popular social media platform, has been granted a currency transmitter license by Rhode Island regulators, marking a step forward for the company’s foray into the financial services sector. This license is legally required for companies conducting financial activities related to sending and receiving money, including both fiat and crypto assets.The approval will allow […]
The US Securities and Exchange Commission (SEC) recently initiated legal proceedings against media and entertainment company Impact Theory, resulting in a cease-and-desist order and a financial penalty of over $6.1 million. Two prominent commissioners at the SEC, Mark Uyeda and Hester Peirce, have expressed their dissent against the agency’s enforcement action on Non-Fungible Tokens (NFTs).The […]
