Category Archive: Cryptocurrency, No picture
BlackRock Bitcoin, Ethereum ETFs notch $158 million net inflows amid market recovery
Key Takeaways BlackRock’s Bitcoin and Ethereum ETFs experienced a huge influx of $158 million in one day. Global monetary policies, including US rate cuts and China’s stimulus, boost crypto market confidence. Share this article BlackRock’s spot Bitcoin and Ethereum exchange-traded funds, the iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA) collectively drew in around $158 […]
SEC pushes back decision to open up options trading on spot Ethereum ETFs
Key Takeaways The SEC has extended the decision deadline for Ethereum ETF options trading to mid-November. Recent SEC approval of Bitcoin ETF options could signal positive outcomes for spot Ethereum products. Share this article The US Securities and Exchange Commission (SEC) has postponed its decision on whether it will approve a rule change allowing options […]
DOJ files antitrust lawsuit against Visa
Key Takeaways Visa controls over 60% of U.S. debit transactions, with the DOJ accusing it of using its dominance to stifle competition and raise fees. The DOJ accuses Visa of using restrictive agreements to maintain market dominance. Share this article The US Department of Justice (DOJ) has filed a civil antitrust lawsuit against Visa, alleging […]
Ex-Alameda CEO Caroline Ellison sentenced to two years in prison for FTX fraud role
Key Takeaways Ellison gets 2-year sentence for FTX fraud role, cooperation cited in leniency Judge Kaplan said SBF was Ellison’s ‘kryptonite’ Share this article Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison Tuesday by a Manhattan court for her role in the multibillion-dollar FTX crypto exchange fraud. Judge […]
Bny Mellon’s crypto custody move could disrupt Coinbase’s ETF dominance
Key Takeaways BNY Mellon gains SEC exemption to expand digital asset services. BNY Mellon to bypass balance-sheet liabilities for crypto custody. Share this article BNY Mellon, is moving closer to offering custodial services for Bitcoin and Ether held by ETF clients, according to a report by Bloomberg. BNY Mellon’s entry into the crypto custody market […]
SEC charges TrustToken and TrueCoin for misleading stablecoin investments
Key Takeaways TrustToken and TrueCoin settled with the SEC over misleading TUSD investment practices. TrustToken and TrueCoin falsely claimed stablecoin was fully backed by U.S. dollars while investing in risky offshore funds. Share this article The SEC has announced settled charges against crypto enterprises TrustToken and TrueCoin for their roles in misleading investors about the […]
Gold breaks all-time high as Bitcoin surges 7% in September in face of economic decline
Key Takeaways Central banks and institutions are significantly increasing gold buying as the economic outlook worsens. The declining US Dollar Index has made gold more attractive to foreign investors, boosting demand. Share this article Bitcoin is aiming for a new all-time high as gold reaches its own record today, up 28% in 2024 and on […]
SEC has the tools to provide clear guidelines but chose not to — Commissioner Hester Peirce
Key Takeaways Hester Peirce claims that the SEC should draw the lines on its jurisdiction and act within it. Gary Gensler doubles down on its standard answer on security tokens. Share this article The House Financial Services Committee conducted a hearing today with US SEC Chairman Gary Gensler and four other Commissioners: Caroline A. Crenshaw, […]
‘Diddy’ Combs, SBF share unit in Brooklyn jail
Key Takeaways Diddy and SBF are housed together in a Brooklyn federal jail unit designed for high-security needs. Both individuals face serious charges, highlighting the diverse legal issues within high-profile cases. Share this article Sean “Diddy” Combs, the hip-hop mogul and music industry entrepreneur, and Sam Bankman-Fried, the disgraced founder of the collapsed crypto exchange […]
Top finance leaders are finally allocating to crypto, says Bitwise CIO
Key Takeaways 70% of top financial advisors now own crypto in personal portfolios. Client allocations to crypto typically follow 6-12 months after advisors’ personal investments. Share this article Top financial advisors in the US are increasingly allocating to crypto assets in their portfolios, according to Bitwise CIO Matt Hougan. Speaking at Barron’s Advisor 100 Summit, […]
