Ethereum (ETH) continues its bullish trend, reclaiming the $2,100 mark amidst discussions about a potential spot Ethereum ETF (Ethereum-based Exchange Traded Fund) approval by the US SEC. The cryptocurrency’s price surged by 2.90%, reaching $2,108, with a market cap exceeding $251 billion. The recent surge began with multiple factors, including
Just months after its U.S subsidiary was shuttered, crypto exchange Bittrex Global is reportedly closing down operations. Following Bittrex US’s bankruptcy filing in Delaware in May, the duo were sued by the U.S SEC for running a securities exchange without proper authorizations. This ultimately led to the closure. After “all
Securities and Exchange Commission (SEC) Chairman Gary Gensler has expressed a cautiously optimistic perspective regarding the potential revival of the defunct cryptocurrency exchange, FTX. Gensler’s remarks came during a discussion at DC Fintech Week, where he underlined that a reinvigorated FTX could succeed if its new leadership operates with a
In its action against Do Kwon and Terraform Labs, the United States SEC has argued that there is “no genuine dispute as to any material fact” and so has asked a federal court for a summary judgement. The SEC’s brief restates the agency’s contention that Kwon and Terraform offered securities,
The U.S SEC has issued a subpoena against payment processing behemoth PayPal in relation to its stablecoin pegged to the U.S. dollar. On November 2nd, PayPal publicly stated in its Q3 financial report with the SEC that it had received a subpoena from the SEC’s Enforcement division over its PYUSD
BTCO, the ticker for Invesco and Galaxy’s spot Bitcoin exchange-traded fund (ETF), has been listed on the website of the Depository Trust and Clearing Corporation (DTCC), indicating progress in the application procedure. Since the ETF was not featured on the list on October 25 according to the WayBack Machine’s site
Star stock picker Cathie Wood expressed growing confidence that U.S. regulators will finally approve a Bitcoin ETF after years of rejections. In a recent interview, the Ark Invest CEO revealed her firm has been engaged in communications with the SEC regarding Ark’s spot Bitcoin ETF application. Wood views this as
Multiple politicians have thrown their support behind 62-year-old Republican Representative Tom Emmer’s bid for the position of House Speaker. Emmer has previously expressed support for cryptocurrencies. After the first round of voting on October 17, Representative Patrick McHenry has continued to serve in the role on an interim basis. Speaker
In a significant turn of events, XRP, the cryptocurrency associated with Ripple, experienced a significant surge in value, climbing over 9% early on Friday, reaching $0.529. This surge followed the U.S. Securities and Exchange Commission’s (SEC) decision to dismiss the lawsuit against Ripple executives, including CEO Brad Garlinghouse and Executive
Ethereum (ETH) faced a lackluster response to the launch of its futures Exchange-Traded Funds (ETFs), in stark contrast to the initial enthusiasm seen with Bitcoin (BTC) futures ETFs. Over recent weeks, trader activity has dwindled, resulting in remarkably low transaction fees on the Ethereum network, the lowest since late 2022.
