BlackRock has officially submitted filings with the U.S. Securities and Exchange Commission (SEC) to unveil a tokenized asset fund, marking a significant stride into the realm of blockchain-based investments. This initiative, nested under the BlackRock USD Institutional Digital Liquidity Fund, heralds a new era for investors looking to bridge the traditional finance world with the […]
BlackRock’s Bold Move into Tokenized Assets Read More »
Genesis, a subsidiary of the prominent crypto conglomerate Digital Currency Group (DCG), has reached a notable settlement with the Securities and Exchange Commission (SEC). The agreement entails Genesis paying a substantial $21 million civil penalty to resolve charges without admitting or denying any allegations leveled against it. The genesis of this settlement lies in the
Genesis Settles with SEC for $21 Million in Crypto Lending Case Read More »
Analysts from Bloomberg have notably adjusted their expectations, reducing the probability of a spot Ethereum ETF being greenlit by May to just 30%. This adjustment reflects a considerable shift from earlier optimistic projections, underscoring the intricate dance between regulatory processes and market anticipation. At the outset of the year, Bloomberg Senior ETF Analyst Eric Balchunas
Dimming Hopes for May Ethereum ETF Approval Read More »
The Securities and Exchange Commission (SEC) has once again deferred its decision on a highly anticipated spot Ethereum ETF proposed by the investment behemoth BlackRock, marking the second such delay. Originally filed in November, the application for the iShares Ethereum Trust sought to provide investors with direct exposure to Ethereum through a regulated framework. However,
SEC Delays Ethereum ETF Decision Read More »
Investor enthusiasm for digital assets, especially Bitcoin, has shown remarkable resilience. In the past week alone, a staggering $1.84 billion was funnelled into cryptocurrency investment products. This considerable sum underscores the allure of Bitcoin, often referred to as “digital gold,” which accounted for $1.73 billion of the total investment. This period marks the second-largest week
Surge in Bitcoin ETF Investments Read More »
The trajectory towards the approval of spot ether ETFs in the United States has become a focal point of speculation within the crypto community, with Variant Fund’s Chief Legal Officer, Jake Chervinsky, casting a shadow of doubt over the anticipated May deadline. This skepticism emerges amidst the broader context of the Security and Exchange Commission’s
Spot Ether ETF: Approval Odds in Flux Read More »
Gary Gensler, the formidable chairman of the United States Securities and Exchange Commission (SEC), is not showing signs of slowing down his rigorous oversight of the cryptocurrency sector. Following the SEC’s recent courtroom triumph over a Coinbase insider trading lawsuit, expectations are set for Gensler to persist in his legal endeavours to delineate the boundaries
Gensler’s Crusade Continues: SEC’s Crypto Path Read More »
The U.S. Securities and Exchange Commission (SEC), eight state attorney generals have accused the agency of overreaching its regulatory authority by attempting to govern “non-securities” in the cryptocurrency sector. This bold claim was articulated in an amicus brief filed amidst the SEC’s ongoing legal battle against Kraken’s parent company, highlighting a growing rift between state
States Challenge SEC’s Crypto Authority Read More »
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