Topline Hong Kong has authorized its first exchange-traded funds tracking digital assets bitcoin and ether, according to statements from multiple issuers on Monday, boosting the wider market and making the city Asia’s first to offer the popular products after the U.S. launched the first spot bitcoin ETFs earlier this year. Hong Kong has approved cryptocurrency
SEC Chair Gary Gensler continues to seek legal action against crypto firms Getty Images The SEC is continuing its pattern of regulation by enforcement by filing a Wells Notice against Uniswap UNI , a popular decentralized exchange that benefitted from the growth in DeFi activities. While DeFi has been in the crosshairs of the SEC
Will this be the year that cryptocurrency’s market capitalization surpasses the $5 trillion mark? Ripple CEO Brad Garlinghouse seems to think so. Speaking to CNBC Sunday (April 7), Garlinghouse said he expects the value of the crypto market to double in 2024, thanks to factors like the approval of the first U.S. spot bitcoin exchange-traded fund (ETFs) and the upcoming
Crypto asset manager Grayscale is launching a new product focused on income from staking rewards. In a new announcement, Grayscale says that it is launching the Grayscale Dynamic Income Fund (GDIF), a new actively managed investment product that aims to earn profits from the staking rewards of proof-of-stake (PoS) crypto assets. “GDIF is our first
Shares of Coinbase (COIN) are trading lower after a judge ruled that the Securities and Exchange Commission (SEC) can proceed with its lawsuit against the cryptocurrency exchange. The SEC alleges that Coinbase violates federal securities laws and claims that the Coinbase wallet operates as an unregistered brokerage. Yahoo Finance’s Jennifer Schonberger breaks down the details.
A federal judge ruled that the U.S. Securities and Exchange Commission brought enough of a case arguing that Coinbase is operating an unregistered broker, exchange and clearinghouse that its suit against the cryptocurrency company should move forward. Judge Katherine Polk Failla, of the U.S. District Court for the Southern District of New York, on Wednesday
National Center for Public Policy Research v. Securities and Exchange Commission; Alliance for Fair Board Recruitment v. Securities and Exchange Commission Washington, D.C., March 22, 2024 (GLOBE NEWSWIRE) — The New Civil Liberties Alliance has filed an opening brief in National Center for Public Policy Research v. SEC urging the en banc U.S. Court of
A federal judge in Utah has sanctioned attorneys for the Securities and Exchange Commission, saying in a scathing ruling that their argument to freeze the assets of a Utah-based cryptocurrency company included misleading evidence. SEC lawyers last July successfully petitioned for a temporary restraining order and an asset freeze against DEBT Box, arguing the company’s
Lydia Moynihan Tech By Lydia Moynihan Published March 19, 2024, 5:15 a.m. ET Pubkey’s owner Thomas Pacchia sees a revitalization of Bitcoin in NYC. Stefano Giovannini “We are so back,” crowed Bitcoin investor Aubrey Strobel. It was a celebratory “told-you-so” moment last week for Strobel and her ilk, as Bitcoin blew past $70,000 for the
US authorities have charged 17 people for their alleged involvement in a multi-million-dollar crypto Ponzi scheme. In a new press release, the U.S. Securities and Exchange Commission (SEC) says it is charging 17 individuals with operating a crypto scheme that targeted 40,000 investors across three countries. According to the regulatory agency, Texas-based firm CryptoFX allegedly