The United States Securities and Exchange Commission (SEC) has taken legal action against Prager Metis, the auditor of the now-bankrupt cryptocurrency exchange FTX. The SEC has accused Prager Metis of failing to maintain the required independence while providing auditing services to its clients, breaching federal securities laws. This includes adding indemnification provisions to engagement letters […]
Elon Musk’s rebranded social media platform, Twitter X, is set to go public amid a new investment strategy by Bill Ackman’s firm, Pershing Square. The venture into X could redefine social media engagement while creating unparalleled shareholder value, according to Ackman. The potential public listing of Twitter X could have a rippling effect on the […]
Ripple and the US Securities and Exchange Commission (SEC) have been engaged in a legal battle for the past few days. This dispute began in late 2020 when the SEC accused Ripple of selling XRP to retail investors in violation of securities laws. Last month, a US judge ruled that the sale of XRP did […]
Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, believes that certain assets, including Bitcoin, will become “priceless” as the Federal Reserve works on a controversial project. Kiyosaki has 2.4 million followers on the social media platform X, and he has warned them that the Fed’s central bank digital currency (CBDC) will make […]
Bitcoin’s value has been on the rise, increasing 4% over the past 24 hours and reaching its highest trading value since August. This growth comes as the U.S. Securities and Exchange Commission (SEC) is currently inviting public comments on proposed spot Bitcoin ETFs. The SEC has clarified that the proceedings do not indicate any conclusions […]
The cryptocurrency market experienced an unexpected surge in prices of Bitcoin and Ethereum on October 1st. Both prominent digital currencies saw a value increase of almost 4% within a short period of 15 minutes. This rapid surge led to a massive liquidation, which wiped out more than $70 million worth of cryptocurrency short positions. The […]
The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Pennsylvania-based Mosaic Exchange Limited and its owner and Chief Executive Officer Sean Michael for allegedly running a fraudulent digital asset commodity scheme. The CFTC alleges that Mosaic and its operators fraudulently solicited and induced at least 17 people in the US […]
The United States Securities and Exchange Commission (SEC) is facing allegations of conflicts of interest in its ongoing lawsuit with Ripple Labs. Two senior SEC officials who were part of the XRP lawsuit left the commission shortly after the regulator filed the suit against Ripple. Marc Berger, the former Acting Enforcement Director of the SEC, […]
Ripple, a payments technology company, recently held a “Victory Party” to celebrate its partial win in court against the SEC. The event was a lavish one, with legendary rock musician Lenny Kravitz performing. Ripple CEO Brad Garlinghouse gave an impassioned speech, recognizing key personalities in the Ripple team and thanking the XRP community for their […]
Bitwise is set to launch two Ethereum-themed ETFs on Monday, October 2nd, allowing investors to gain exposure to CME Ether futures through the ETF format. The two funds, the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), will have an expense ratio of 0.85% each and will […]
