Thu, April 25

Search Results for: sec

U.S SEC Postpones Decision on Ethereum ETF Approval

The date by which the U.S SEC will decide whether it will approve the Hashdex Nasdaq Ethereum exchange-traded fund has been postponed. Hashdex ETF will hold ether spot and futures contracts if authorized. The SEC has extended the deadline for its decision to May 30, 2024, according to a notice

March 20, 2024 2 mins read

Genesis Settles with U.S SEC for $21M Over Gemini Earn Program

Genesis Global Capital has opted to settle with the U.S SEC and agreed to pay $21 million to resolve the accusations over the Gemini Earn program. This is a historic milestone in the action launched by the SEC against Genesis and Gemini. Genesis Global Capital has consented to pay a

March 19, 2024 2 mins read

Nigerian SEC Proposes Significant Fee Hikes for Crypto Exchanges

The SEC in Nigeria has suggested an increase in the registration cost for cryptocurrency exchanges from 30 million naira ($18,620) to 150 million naira ($93,000), as part of an update to the regulations that govern platforms providing crypto services. According to the SEC, the purpose of the proposed amendments was

March 17, 2024 1 min read

TEN, Encrypted Ethereum Layer 2 Network, Secures $9M Financing Led by R3

The $9 million USD financing round for TEN, an encrypted Ethereum Layer 2 network, is headed by the digital giant R3. The Ethereum Layer 2 roll-up platform TEN from Obscuro Labs addresses important scalability and encryption problems in blockchain applications. Since TEN’s founding, R3, a group of 42 of the

March 16, 2024 3 mins read

U.S Court Rejects Motion to Dismiss SEC Complaint on Gemini Earn Program

In a complaint launched by the U.S SEC over the Gemini Earn program, a U.S. district court dismissed petitions by crypto lender Genesis and crypto exchange Gemini to dismiss the case. The SEC “plausibly alleged” that Genesis Global Capital, LLC and Gemini Trust Company, LLC marketed and sold unregistered securities,

March 14, 2024 2 mins read

OKX Secures MPI License Approval from Singapore’s MAS

A huge step forward for the crypto exchange OKX, has been revealed with the announcement that the Monetary Authority of Singapore (MAS) has approved the exchange in principle for a major payment institution (MPI) license. This clearance further establishes OKX as a leading cryptocurrency exchange in Singapore and adds it

March 13, 2024 2 mins read

Grayscale Investments Files with U.S SEC for Bitcoin Mini Trust

In order to introduce their new investment product, the Grayscale Bitcoin Mini Trust, Grayscale Investments has officially filed with the U.S SEC. The present Grayscale Bitcoin Trust (GBTC) oversees assets worth around $28 billion; this change gives investors a cheaper fee structure. Grayscale Bitcoin Mini Trust is an investing product

March 12, 2024 2 mins read

Thailand’s SEC Approves Private Funds for U.S. Spot Bitcoin ETFs

A major change is taking place in Thailand’s crypto investing scene as a result of the SEC’s approval of private funds for the U.S. Spot Bitcoin ETFs. But there’s a catch: these investments can only be made by institutional investors and very wealthy people. This judgment is significant because it

March 12, 2024 2 mins read