A further two months of waiting have been imposed upon 7RCC Global after almost five months of waiting for the US Securities and Exchange Commission (SEC) to render a verdict on its spot Bitcoin ETF application centering on carbon credits. In order to decide on whether to adopt, reject, or
In response to the recent uptick in incidents of fraud and crimes using cryptocurrency, South Korea is contemplating establishing its Joint Virtual Asset Crime Investigation Unit, an official agency. Early in May, talks on this change are expected to begin between key Ministries of South korea. The unit is now
A lawsuit has been filed against the U.S SEC by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT). An expanded definition of a “dealer” in the context of digital assets is the target of the lawsuit, which challenges a recent regulation. The challenge seeks to reverse this
After hitting a peak in early March, the 24-hour trading volume at Upbit—one of the largest cryptocurrency exchanges in South Korea—fell to $3.8 billion at the beginning of April. The Upbit exchange reached this year’s all-time high trading volume of around $15 billion on March 5. The fact that Bitcoin
Jae Kwon, the founder of Cosmos, publicly opposed a motion passed by the Cosmos hub governing council. In retaliation, Kwon has declared his intent to fork a new network called AtomOne from the existing Cosmoshub4. The forthcoming network will function independently, complete with its own governance plan and development staff,
Custodia Bank stated it had been granted permission to operate a Bitcoin custody platform. Now available to the public is a Bitcoin custody service that provides individual client accounts rather than shared ones. Custodia Bank has received permission to launch a Bitcoin custody service from the Wyoming Division of Banking.
In light of the impending government shutdown in the U.S, the SEC has postponed a judgement on several proposals for spot Bitcoin ETFs, among them BlackRock’s. Separate filings from September 28 indicate that the SEC has also postponed the applications of Invesco, Bitwise, and Valkyrie for spot Bitcoin ETFs, and
On Friday, Coinbase submitted a brief to the court hearing the SEC case against them, asking that the charges be dropped. The exchange contended in its brief that, contrary to decades of Supreme Court precedent, it does not provide investment contracts. This comes at a time when lawmakers and authorities
Revolut has decided to discontinue offering cryptocurrency trading services to US users as of September 2023. This is due to regulatory uncertainties in the US. On Friday, August 4th, a Revolut representative stated that from September 2nd, the company will no longer enable customers in the United States to purchase
Coinbase announced on August 3 that its Q2 earnings were above forecasts despite being sued by the SEC. Financial results for the corporation exceeded Wall Street forecasts. Analysts had forecast a loss of 76 cents per share, thus the company’s actual loss of 42 cents per share was better than
