ARK invest enhances its spot Bitcoin ETF proposal, as response to SEC’s red flags
Investment management firm ARK Invest has refined its proposal for a spot Bitcoin ETF, responding to the U.S. Securities and Exchange Commission’s (SEC) criticisms. According to Bloomberg ETF analyst Eric Balchunas, the updated proposal includes details on Coinbase’s custodial practices, stating that the ETF’s assets are stored in separate addresses on the Bitcoin blockchain. The […]
All-In-One Crypto Newsletter: Milkroad, Defiant, Messari, Bankless And CoinDesk
Welcome to The Wise Guy, Where we take cryptocurrency seriously, but we also know how to have a good time. That’s why we’ve curated the crème de la crème from not one, not two, but FIVE newsletters. MilkRoad, Defiant, Messari, Bankless, and CoinDesk Node. Defiant’s Top Story We wanted to share some news from the […]
Cryptocurrencies lack ‘Innate Or Inherent Value’, asserts SEC in Coinbase lawsuit
The Securities and Exchange Commission (SEC) is asserting that cryptocurrencies do not possess any “innate or inherent value” in its ongoing case against Coinbase Inc. in federal court The SEC’s argument comes in response to Coinbase’s motion to dismiss the agency’s lawsuit filed during the summer. The SEC asked the judge to disregard Coinbase’s argument […]
SEC likely to withdraw charges against Ripple (XRP), predicts tech VC Yassin Mobarak
Yassin Mobarak, founder of tech-focused private equity firm Dizer Capital, anticipates that the United States Securities and Exchange Commission (SEC) may withdraw all accusations against Ripple and its CEO Brad Garlinghouse. Mobarak stated in a X post that it wasn’t in the SEC’s interest to have a trial where, in his words, “their corruption can […]
Elon Musk challenges SEC’s authority amidst Twitter probe controversy
Amid legal allegations, Elon Musk has criticized the United States Securities and Exchange Commission (SEC) and Department of Justice (DOJ), claiming they are abusing their regulatory authority. Musk is facing a lawsuit by the SEC, which alleges that he failed to testify in a probe related to his $44 billion purchase of Twitter (now X) […]
Ripple’s XRP surges amid market downturn following dismissal of SEC appeal
Against an otherwise bearish crypto market, Ripple’s XRP is seeing a notable surge in its price. The price of Ripple’s XRP has increased by 3.7% within the past 24 hours, while most other cryptocurrencies are recording losses between 0.5% and 5%. The surge comes after Judge Analisa Torres dismissed an appeal by the United States […]
SEC challenges Coinbase’s attempt to dismiss lawsuit
The U.S. Securities and Exchange Commission (SEC) has urged a federal judge to reject the motion by Coinbase Inc. (NASDAQ: COIN) to dismiss the lawsuit against it. According to the regulator, the cryptocurrency exchange knew the digital assets it sold were deemed securities under the Howey Test. According to the reports, the SEC submitted a […]
Do Kwon Admits To Faking Transaction Volumes: SEC Documents
Former cryptocurrency tycoon, Do Kwon, has confessed to inflating trading volumes, according to official court records. As reported by Decrypt on a Thursday, the U.S Securities and Exchange Commission (SEC) court documents reveal Kwon’s admission during a text conversation with Daniel Chin, founder of payment app Chai. In the exchange, Kwon disclosed his ability to […]
Spot Bitcoin ETF proposals delayed by SEC in anticipation of government shutdown
In the face of a potential government shutdown, the U.S. Securities and Exchange Commission (SEC) has decided to defer its ruling on spot Bitcoin exchange-traded funds (ETFs) proposals from leading firms. The SEC has pushed back its decision on spot Bitcoin ETF applications from BlackRock, Invesco, and Bitwise, on Wednesday. Intriguingly, this announcement came two […]
SEC charged Anthony Viggiano and three other for insider trading on Xbox Chat
An unexpected twist in the realm of insider trading was unveiled recently as former financial analyst Anthony Viggiano and three others are accused of insider trading, allegedly sharing confidential information over Xbox audio chat, according to the U.S. Securities and Exchange Commission (SEC). On Thursday, it was reported that the SEC and U.S. District Court […]