Spot Ethereum Exchange-Traded Funds (ETFs) may be witnessing a decline in approval odds, but there is still a wave of optimism among several financial management firms applying for the products. Fidelity Amends Its Ethereum Spot ETF Application Amid the anticipation encompassing the Ethereum spot ETFs, financial management giant Fidelity has recently amended its application for […]
The bankrupt crypto lender Genesis Global Capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the U.S. Securities and Exchange Commission (SEC) for violating securities laws by offering and selling its now-defunct Gemini Earn program, the SEC announced Tuesday.
Genesis agreed to pay a $21 million civil penalty, to settle charges related to its Gemini Earn lending program.
Part of the funds would hire staff across SEC divisions, with one job dedicated to crypto and another to help with the increased lawsuits the agency faces.
The SEC initially conceded it misled the court but argued a sanction wasn't appropriate.
Nigeria’s Securities and Exchange Commission has proposed to raise the registration fees for virtual asset service providers (VASP) seeking an operational license. This development is accompanied by other changes in the regulations governing the key aspects of the crypto industry in the West African country. Related Reading: Binance Continues Meme Coin Promotion For Shiba Inu, […]
Under the updated guidelines, digital asset exchanges and custodians must pay an application fee of 300,000 naira ($186), up from the previous 100,000 naira ($62).
The XRP community is celebrating a recent development that could have significant implications for the cryptocurrency’s future. The European Corporate Governance Institute (ECGI), a highly respected European think tank focused on corporate governance, published a research paper acknowledging XRP’s status as a utility token, distinct from securities. This recognition comes amidst an ongoing legal battle […]
Senators say that retail investors face "enormous risks" from such products because thin order books for some cryptocurrencies.
The U.S. Securities and Exchange Commission sued 17 individuals tied to an alleged Ponzi scheme that took in $300 million from over 40,000 victims.
The protracted legal confrontation between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC) is advancing towards a critical juncture, as both parties face imminent deadlines for their remedies briefing submissions. This phase of the legal battle marks a significant step in the proceedings, potentially setting the stage for the case’s potential resolution. […]
First Trust was one of the first to file for a BTC ETF, and was rejected by the SEC in January 2022.
The asset manager's Opportunity Trust Fund has $1.4 billion in AUM.
The Thailand regulator has made the changes necessary to allow certain investors to gain exposure to the United States-listed spot Bitcoin ETFs.
Coinbase delivered an opening brief in a United States appeals court, arguing that the SEC should be forced to “engage in rulemaking.”
ETH price set a new multiyear high at $4,000 right as Bitcoin price hit a new all-time high.
Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
Binance is still accessible in the country even after the three-month countdown that the Philippine SEC set for banning the crypto trading platform.
A deposition from Binance.US' chief operating officer claims the SEC’s suit last year caused banks to pull support from the exchange, “effectively choking the business.”
SEC-registered broker Prometheum could force the agency to decide if Ether is a security and CFTC chair Rostin Behnam says that could lead to conflicting rules.
ShapeShift lived up to its name with a 2021 structural transformation, but it didn’t escape the wrath of the SEC.
Coinbase lawyers have requested that a U.S. court throw out a previous default judgment that deemed the secondary sales of crypto assets as “securities transactions.”
"The allegations of the SEC severely undermined institutional trust in our platform," Binance.US executive Christopher Blodgett said during a deposition.
The SEC wants to know if the applications for ETFs that hold Ethereum's ether (ETH) are supported by the same arguments that led to the approval of spot bitcoin ETFs.
The SEC and Binance.US filed a joint status report detailing ongoing discovery efforts on Tuesday.
Five United States senators have joined hands to fight President Joe Biden’s plans to issue a “digital dollar.”
The SEC is asking crypto and fintech firms to do the impossible. Only Congress can stop that.
The House Financial Services Committee also seemed inclined to adopt a bill giving the U.S. Secret Service more resources to investigate crypto crimes.
The approval of Bitcoin ETFs was a major foot in the door for Ether ETFs, Keyrock’s CEO Kevin de Patoul told Cointelegraph.