Mon, June 24

Ethereum Surges Past $3.5K as SEC Closes Investigation on ETH Sales

The global cryptocurrency markets saw a slight recovery today as Ethereum (ETH) spiked over 6% to above $3,500 following news of the U.S. Securities and Exchange Commission (SEC) closing its investigation into ETH sales. This bullish trend extended across Ethereum and other altcoins. Consensys Software, an Ethereum developer, confirmed in

June 19, 2024 2 mins read

Is the War Between the SEC and Ethereum Nearing an End?

Consensys, a blockchain software company announced that the U.S. Securities and Exchange Commission’s enforcement division has notified the company that it is closing its investigation into Ethereum 2.0 –the crypto community has greatly celebrated this news. In its official tweet posted hours ago, it wrote “Ethereum survives the SEC,” adding,

June 19, 2024 2 mins read

Thailand Enters the Bitcoin ETF Arena with ONEAM’s Approval

Thailand’s Securities and Exchange Commission (SEC) has given its nod to One Asset Management (ONEAM) to pioneer the launch of a Bitcoin exchange-traded fund (ETF) in the country. This development marks Thailand’s entry into the global trend of embracing cryptocurrency-based investment instruments. The ETF, dubbed the ONE Bitcoin ETF Fund

June 4, 2024 2 mins read

Crypto Market Highlights in May 2024 Recounted

The overall crypto market witnessed key moments in May 2024. While the market witnessed price hikes, the SAB 101’s veto caused obstacles. Cryptocurrency has also played a crucial role within the US political landscape which fueled further events. Besides, with multiple crypto crimes and significant arrests the month has been

June 3, 2024 3 mins read

Biden’s SAB 121 Veto: Upholding Protection or Stifling Freedom? 

In a move that has ignited controversy within the crypto community, US President Joe Biden vetoed the repeal of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121). This bulletin mandates that institutions holding cryptocurrency for clients must record these holdings as liabilities on their balance sheets,

June 1, 2024 2 mins read

SEC and Terraform Labs Reach Preliminary Settlement Over Fraud Charges

Terraform Labs, led by Do Kwon that created the defunct LUNA cryptocurrency and the stablecoin TerraUSD (UST), has reached a preliminary settlement agreement with the SEC over fraud charges. Reuters broke the news of the settlement’s preliminary terms. All parties have notified the court of an agreement, according to the

May 30, 2024 2 mins read

BlackRock Pushes Forward with Ethereum ETF Amid SEC Approvals

BlackRock, the world’s largest asset manager, is getting closer to launching its Ethereum ETF, the iShares Ethereum Trust (ETHA). The company recently submitted an amended S-1 registration form to the U.S. Securities and Exchange Commission (SEC), following the regulator’s approval of Form 19b-4 for eight Ethereum ETFs.  The updated S-1

May 30, 2024 2 mins read

SEC Approves Spot Ethereum ETF Marking a New Milestone for ETH

The Securities and Exchange Commission (SEC) released an official statement approving the spot Ethereum Exchange-Traded Funds (ETFs) on May 23. The SEC’s statement was widely anticipated by the crypto community since the approval of spot Bitcoin ETFs. Exchanges that had applied for issuance rights were approved in the published report,

May 24, 2024 2 mins read

White House Opposes FIT 21 Bill, Citing Inadequate Investor Protections

Concerned that FIT 21 does not adequately safeguard investors, the White House has opposed the bill. Despite the bill’s potential to impact future crypto market laws, this step is still being made. Additionally, the statement highlights the administration’s readiness to collaborate with Congress to improve the digital assets’ legal framework.

May 22, 2024 1 min read

U.S SEC Chair Gary Gensler Opposes FIT21 Act, Warns of Risks

In a statement issued on Wednesday, U.S. Securities and Exchange Commission Chair (SEC) Gary Gensler openly voiced his opposition to the FIT21 Act, also known as the Financial Innovation and Technology for the 21st Century Act. Gensler stated: “[FIT21] would create new regulatory gaps and undermine decades of precedent regarding

May 22, 2024 2 mins read