Asset managers are currently expressing optimism regarding the potential approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission (SEC), with expectations of approval possibly by mid-July. The SEC has given ETF applicants a deadline until July 8 to submit updated paperwork and amended S-1s, with potential additional rounds
The recent setback in Ethereum (ETH) price, dropping back to the $3,400 support level after briefly surpassing $3,500, was primarily influenced by the delay in SEC approval for Ethereum ETF applications. The expected approval date was initially set for July 2 but has now been postponed to July 8. This delay has caused speculation and
Mike Novogratz, the CEO of Galaxy Digital, recently expressed his optimistic outlook for cryptocurrency regulation in the US, regardless of the outcome of the 2024 presidential election. He emphasized the importance of bipartisan support for the crypto sector, stating that it cannot afford to have one party in favor of it while the other opposes
Entrepreneur and billionaire Mark Cuban has recently called on the US Securities and Exchange Commission (SEC) to make adjustments to Form S-1 to accommodate token-based companies looking to register with the authorities. This request comes in response to SEC Commissioner Mark Uyeda’s concerns about the current challenges with crypto disclosure filings. Form S-1 is a
Binance.US, the American arm of the world’s largest crypto exchange by trading volume, Binance, recently addressed the ongoing legal dispute with the Securities and Exchange Commission (SEC). Despite the SEC’s decision to continue with the case, Binance.US expressed readiness to move forward in the judicial process. The SEC’s allegations surrounding securities law violations have not
Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” where he delves into the connections between historical economic cycles and today’s financial landscape. He highlights the significance of understanding economic patterns from the 1930s to the 1970s in predicting the potential resurgence of the Bitcoin and crypto bull run. Hayes categorizes
In the volatile world of cryptocurrency trading, predictions often vary widely, leaving investors unsure of which direction to follow. The recent analysis of Bitcoin’s price by crypto analyst Alan Santana has painted a starkly bearish picture, forecasting a potential crash in the near future. Santana believes that Bitcoin has not yet bottomed out, pointing to
Silvergate Capital found itself in hot water after settling with the SEC for a hefty $50 million. The SEC accused the company, its subsidiary Silvergate Bank, and two executives of deceiving investors about the strength of their BSA/AML compliance program. In addition, they were accused of failing to adequately monitor crypto customers, including the exchange
Circle, a prominent player in the cryptocurrency space, recently made headlines by announcing that it has obtained an e-money license from France. This development positions Circle as the first global stablecoin issuer to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. This article delves into the significance of this achievement and what it means
The Bahamas are taking steps to increase the adoption of their central bank digital currency, the “Sand Dollar”, by providing access through commercial banks. This move is seen as critical by the Central Bank of The Bahamas to raise adoption rates for CBDCs and mobile payments. Governor of the Central Bank of The Bahamas, John
