SEC Accuses Kraken of Co-Mingling $38 Billion in Customer Funds

In the rapidly evolving world of cryptocurrencies, the issue of secure asset management has become a crucial focal point for investors and regulatory bodies alike. Recent developments have shed light on the practices of some prominent cryptocurrency exchanges, raising concerns…

Crypto Exchange Bittrex Global shuts down after SEC imposes $24 million fine

We regret to inform you that Bittrex Global, a prominent crypto exchange based in Lichtenstein, has made the difficult decision to wind down its operations. Starting from December 4, 2023, all trading activities on Bittrex Global will be suspended. This…

Advocating for Regulatory Clarity: Challenging SEC Claims to Safeguard the Crypto Industry’s Existence in the U.S

Amidst a recent legal contention initiated by the Securities and Exchange Commission (SEC), Kraken, the third-largest cryptocurrency exchange in the realm of spot-market trading volume, finds itself under the accusatory lens for allegedly transgressing U.S. securities law. The central charge…

BlackRock Submits Application for Spot Ethereum ETF with the SEC

In the ever-evolving world of cryptocurrencies, as reported by CNBC television, we bring you the latest insights and developments from the crypto space. Join us as we dive into the current market conditions, explore regulatory updates, and provide valuable analysis…

Thailand’s Digital Assets: Gulf Binance’s SEC-Approved Platform Focuses on Security, Compliance, and Blockchain Progress.

Gulf Binance Company Limited (Gulf Binance), a joint venture between Gulf Innova Company Limited and Gulf Energy Development Public Company Limited, has obtained approval from the Securities and Exchange Commission, Thailand (SEC) to commence operations in the digital asset business.…

Cathie Wood, CEO of ARK Invest “Bitcoin Represents the Revolution in Money”

In the dynamic landscape of cryptocurrency, as reported by CNBC Television, the spotlight is on Exchange-Traded Funds (ETFs). Collaborating with 21 shares, a global crypto Exchange-Traded Product (ETP) juggernaut with a European focus, we are set to introduce five groundbreaking…

BlackRock Challenges SEC’s Differential Treatment of Spot-Crypto and Crypto-Futures ETFs

BlackRock, one of the world’s leading asset management firms, has recently taken a stand against the U.S. Securities and Exchange Commission’s (SEC) divergent treatment of spot-crypto and crypto-futures exchange-traded fund (ETF) applications. BlackRock’s latest move involves the planned launch of…

BlackRock Confident of SEC Approval for Spot Bitcoin ETF by January 2024

BlackRock, the world’s largest asset manager with $8.5 trillion worth of assets under management, is growing increasingly confident that the U.S. Securities and Exchange Commission (SEC) will approve its application for a spot bitcoin exchange-traded fund (ETF) by January 2024.…

SEC Chair Gensler: Rebooting FTX under ex-NYSE chief possible with adherence to the law

In the dynamic world of cryptocurrencies, FTX has emerged as a significant player. However, recent events involving its founder, Sam Bankman-Fried, and the subsequent bankruptcy of the exchange have raised concerns about regulatory compliance and investor protection. As the SEC…

SEC in Discussions with Grayscale Investments over Bitcoin ETF Conversion

In a significant development for the cryptocurrency market, the United States Securities and Exchange Commission (SEC) has reportedly initiated discussions with Grayscale Investments regarding the conversion of Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin exchange-traded fund (ETF). This move…