The U.S. Securities and Exchange Commission (SEC) has recently opened up for public comments on two proposals related to options trading on Bitcoin exchange-traded funds (ETFs). These proposals could potentially pave the way for Nasdaq and Cboe Exchange Inc. to list and trade options on various Bitcoin ETFs, opening up new investment strategies and opportunities
Regulation
Today’s court hearing between Binance and the SEC, which was eagerly anticipated, has been postponed due to unforeseen circumstances. The courthouse has been closed for in-person proceedings because of inclement weather. As a result, the motions hearing has been rescheduled to Monday, January 22, 2024, at 10:00 a.m. This unexpected delay has further intensified the
The highly anticipated court hearing between Coinbase and the U.S. Securities and Exchange Commission (SEC) on January 17, 2023, shed light on the ongoing dispute over alleged securities violations. Originally, in June 2023, the SEC accused Coinbase of operating an unregistered national securities exchange, broker, and clearing agency. Additionally, the SEC raised concerns about Coinbase’s
Cryptocurrency mixers, also known as tumblers, were initially developed to protect the privacy of users with substantial funds. These protocols fragment and intermix digital assets, making it difficult to trace transactions and user identities. However, there is growing concern that criminals are exploiting mixers for illicit financial activities, such as money laundering. South Korean financial
In a recent turn of events, the U.S. Securities and Exchange Commission (SEC) has agreed to postpone the trial against Terraform Labs and its former top executive. The delay is justified by the intention of Terraform Labs’ co-founder, Do Kwon, to attend the trial. This article will delve into the latest updates surrounding this case
India recently implemented an IP block that restricts access to global crypto exchanges like Binance, KuCoin, and OKX. The Ministry of Electronics and Information Technology requested Apple to limit Indians’ access to foreign exchange applications, citing concerns over money laundering. However, even with these restrictions in place, some users were still able to access certain
South Korea’s Financial Services Commission (FSC) has expressed concerns over domestic securities firms that broker overseas-listed Bitcoin spot exchange-traded funds (ETFs). The FSC warns that these brokerage services may be in violation of local laws, including the Virtual Asset User Protection Act and the Capital Markets Act. This article delves into the regulatory landscape surrounding
Grayscale, a cryptocurrency investment firm, has recently filed for a Bitcoin covered call ETF on Jan. 11. This move demonstrates Grayscale’s commitment to the growth and development of the product and the overall ecosystem surrounding it. With the new fund, investors can expect current income and participation in the price return of GBTC, Grayscale’s existing
In an unprecedented move, the U.S. Securities and Exchange Commission (SEC) has approved Grayscale’s spot Bitcoin ETF proposal. This groundbreaking decision is set to revolutionize the future of crypto and has massive implications for GBTC investors. Grayscale CEO Michael Sonnenshein hailed the approval as a “monumental step forward” that recognizes the transformative potential of cryptocurrencies.
In a significant development for the cryptocurrency industry, BitGo has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI). This approval places BitGo at the forefront of regulated digital payment token service providers in Asia, allowing the company to offer a comprehensive range of services to