The US DoJ claimed that Kucoin saw a significant business growth by violating US laws The founders of the exchange currently “remain at large” The United States Department of Justice has announced charges against one of the biggest cryptocurrency exchanges – Kucoin. The charges also extend to two founders of the exchange – Chun GanContinue reading “Crypto exchange Kucoin charged for violating anti-money laundering laws”

US SEC will be asking the Judge to impose a hefty fine of $2 billion on Ripple The penalty request is made concerning the institutional sale of XRP, which the Judge found was a breach of law The United States Securities and Exchanges Commission (SEC) continues to be one of the most infamous agencies inContinue reading “US SEC seeks $2 billion in fines and penalties from Ripple”

US SEC is reportedly investigating Ethereum Foundation, according to a report by Fortune A post on a similar investigation was made on the Ethereum Foundation GitHub in February 2024.  Ethereum (ETH), the second largest cryptocurrency in the market, seems to have finally fallen under the radar of the US Securities and Exchanges Commission (SEC). AccordingContinue reading “US SEC is reportedly gearing up to classify Ethereum (ETH) as a security”

A new fund for cryptocurrencies is in the making for investment management firm – Blackrock The firm has already pooled in $100 million USDC, issued on the Ethereum blockchain, for the purpose of the tokenized fund Investment management giant – Blackrock has taken a new step in its crypto venture. According to a new U.SContinue reading “Blackrock doubles down on crypto with new digital asset fund”

VanEck announced it would be closing its Bitcoin Strategy ETF, which follows Bitcoin futures contracts The company had a total net asset of over $50 million in the ETF, at press time American investment management firm – VanEck has announced that it will liquidate and close Bitcoin (BTC) strategy ETFs. The announcement comes days afterContinue reading “VanEck to bid goodbye to Bitcoin (BTC) Strategy ETF”

Vanguard has stated that it will be terminating support for all crypto products The investment management giant had earlier said it will not support the purchase of spot Bitcoin ETFs America’s second largest investment management firm – Vanguard has taken an extra mile on its anti-Bitcoin (BTC) stance. In the latest development, the company hasContinue reading “Vanguard doubles down on anti-Bitcoin stance, pulls support for BTC futures ETFs”

Grayscale has filed for Bitcoin covered call ETF with the SEC today The filing comes on the day its spot Bitcoin ETF began trading with the highest trading volume amongst the 11 approved ETFs Digital currency asset management firm – Grayscale – seems to have decided to up its game in the Bitcoin Exchange TradedContinue reading “Just In: Grayscale files for Bitcoin (BTC) covered call ETF”

USDC issuer – Circle has confidentially filed for an initial public offering This is the second attempt of the stablecoin issuer to go public, with the first one falling through in 2022 The year seems to have kicked off with a bang for the cryptocurrency market. A day after the United States Securities and ExchangesContinue reading “Just In: USDC stablecoin issuer Circle confidentially files for IPO”

SEC Chairman disclosed that the court’s judgement in the Grayscale versus SEC case impact decision-making The chairman also took the opportunity to disapprove of the crypto market, yet again The Chairman of the United States Securities and Exchanges Commission (SEC) – Gary Gensler – has given a statement on the approval of all 11 spotContinue reading “SEC Chair: Grayscale’s court ruling impacted spot Bitcoin ETF approval”

All 11 spot Bitcoin ETF applications have been approved on an accelerated basis The confirmation comes from Grayscale’s founder and the unarchive of the original announcement The United States Securities and Exchanges Commission (SEC) has finally approved a spot Bitcoin ETF. The commission has given the green light to all 11 applications. These applications wereContinue reading “Confirmed: U.S SEC approves all 11 spot Bitcoin ETF applications”

Update: It has been confirmed that the SEC has approved all 11 Bitcoin ETFs. Read more, here Confusion takes over the cryptocurrency market as once again the US Securities and Exchanges Commission (SEC) makes an approval announcement but only to take it down. In today’s series, the official website of the SEC published a PDFContinue reading “Breaking: U.S SEC takes down spot Bitcoin ETF approval announcement, again”

Leading American options trading exchange lists six spot Bitcoin ETFs for trading, which begins tomorrow The trading is still subjected to approval by the US SEC The Chicago Board Options Exchange (CBOE) has listed multiple spot Bitcoin ETFs to begin trading tomorrow. The leading stock exchange has published a trading circular for a total ofContinue reading “Multiple spot Bitcoin ETFs to begin trading on CBOE tomorrow, pending SEC approval”