Terraform Labs and the United States Securities and Exchange Commission (SEC) have reached an agreement on a protective order in their ongoing civil case. The order, finalized by U.S. District Court Judge Jed Rakoff, aims to maintain the privacy of case-related documents. The majority of designated confidential documents will not be made public, and any […]
In a recent development, Ripple CEO Bradley Kent Garlinghouse has publicly criticized Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC), accusing him of hypocrisy in his attempts to regulate cryptocurrencies. Garlinghouse took to social media platform X (formerly Twitter) to label Gensler a hypocrite and accuse him of being involved […]
The US Securities and Exchange Commission (SEC) is reportedly holding a joint conference call with applicants for a spot Bitcoin exchange-traded fund (ETF). According to reports from Fox Business correspondents, the SEC is urging applicants to commit to a cash creation model as important deadlines approach.This move by the SEC comes as the agency continues […]
Arthur Hayes, the co-founder and former CEO of BitMEX, has highlighted potential arbitrage opportunities arising from the SEC’s concerns regarding crypto ETFs. Hayes explains that an ETF utilizing in-kind transactions would be a simpler option, as it wouldn’t directly impact Bitcoin trades. However, he points out that a cash-based ETF could lead to complexities and […]
A recent survey conducted by crypto asset manager Grayscale reveals that 40% of American investors are considering adding digital assets to their investment portfolios in the future. This indicates a shifting trend in the growth of the digital assets industry, despite the setback caused by the collapse of the FTX crypto exchange.The survey also highlights […]
Uphold, a popular cryptocurrency exchange, has announced that it will delist several cryptocurrencies, including Dogecoin, Shiba Inu, and Cardano. The move is part of a larger “delisting spree” by Uphold, which aims to comply with emerging cryptocurrency regulations in Canada. Uphold has entered into a “Pre-Registration Undertaking” with the Ontario Securities Commission to become a […]
A U.S. appeals court has finalized the legal process to confiscate over 69,000 Bitcoin and other cryptocurrencies from Silk Road, a defunct dark web marketplace. The court ruling affirms the transfer of the Bitcoin to federal control, following a previous decision that recognized the government’s claim to the digital assets associated with Silk Road’s illegal […]
The Federal Deposit Insurance Corporation (FDIC) of the United States has implemented a new rule that will impact the public perception of certain cryptocurrency firms. The FDIC’s board of directors has finalized regulations to address false advertising, misrepresentations of deposit insurance coverage, and misuse of the FDIC’s name or logo.Starting in 2025, institutions insured by […]
The U.S. Securities and Exchange Commission (SEC) has been holding meetings with Grayscale and BlackRock regarding the approval of Bitcoin ETF applications. Grayscale’s meeting focused on a proposed rule change that would allow NYSE Arca to list and trade shares of their spot Bitcoin ETF. BlackRock’s meeting discussed a proposed rule change that would permit […]
Ripple’s XRP has emerged as a potential solution to the problems of instant payments in the United States. While the country lags behind others in implementing an effective instant payments system, XRP offers an efficient alternative to the slow progress of the Federal Reserve Bank’s FedNow service. With its promise of efficient cross-border transactions and […]
