Cathie Wood’s ARK 21Shares Bitcoin ETF faces extended deadline by SEC
In a notice on 26th Sep SEC has extended the deadline for its decision on ARK 21Shares’ spot Bitcoin exchange-traded fund (ETF) to January. The SEC intends to take the maximum time allowed to consider the listing of ARK 21Shares’ investment vehicle on the Cboe BZX Exchange. This comes as the SEC also delays its […]
Crypto influencer Layah Heilpern Slams Gary Gensler’s over crypto investor protection claims
In a recent statement on X (formerly known as Twitter), crypto influencer Layah Heilpern criticized Gary Gensler, the head of the U.S. Securities and Exchange Commission (SEC), for his stance on crypto regulation. Heilpern claimed that Gensler’s emphasis on regulation as a means to protect crypto investors was contradictory to his association with Sam Bankman-Fried, […]
Binance U.S. scores win as court denies SEC’s document inspection request
U.S. court has rejected the SEC’s plea to inspect Binance U.S. documents, providing a small win for the crypto exchange. Binance U.S., the American arm of the world’s largest crypto exchange, has been under scrutiny since the SEC initiated a lawsuit against it, leading to a decline in trading volume and key executive departures. The […]
Gary Gensler is turning SEC into ‘Banana Republic’ says New York Post
According to the New York Post, corrupt practices resembling those found in “banana republics” are allegedly taking place within the US Securities and Exchange Commission (SEC) under the leadership of Gary Gensler. Gensler’s efforts to “fix markets” and his strong stance against cryptocurrencies have drawn criticism and pushback from various quarters. A senior correspondent and […]
SEC Chair Gensler’s testimony ignites hope and debate in Crypto Community
SEC Chair Gary Gensler’s recent testimony before the United States Senate has sparked speculation within the crypto community. Gensler’s emphasis on investor protection and compliance with securities laws has given hope to supporters of cryptocurrencies, particularly regarding the regulation of crypto assets and the potential approval of Bitcoin Spot exchange-traded funds (ETFs). He highlighted that […]
XRP eyeing for $130, says top crypto analyst
XRP Captain, a respected cryptocurrency analyst and influencer, is predicting a significant rally for Ripple’s XRP in the near future, despite recent lackluster performance. The optimism stems from a favorable ruling in July, where a U.S. judge sided with Ripple in their lawsuit against the Securities & Exchange Commission (SEC). Although the price of XRP […]
XRP soars to All-Time High in activity and utility amid SEC battle
Ripple’s XRP cryptocurrency has experienced a surge in activity and utility, reaching milestone highs in transaction volume in August. Data from blockchain analytics platform Santiment reveals that the on-chain transaction volume on the XRP network has hit an all-time high of 4.8 billion tokens, with circulation also reaching a record of 2.03 billion. These positive […]
Gala Games Co-Founders trade accusations of $130M theft and waste allegations
Co-founders of Gala Games, Eric Schiermeyer and Wright Thurston, are embroiled in a legal battle involving two lawsuits. Schiermeyer, who is also Gala’s CEO, alleges that Thurston and his investment firm, True North United Investments, stole approximately $130 million worth of GALA tokens connected to the Gala Games ecosystem. Schiermeyer claims that Thurston moved the […]
New York court just called Ethereum and Bitcoin as Commodities
A New York court has dismissed a proposed class action lawsuit against decentralized crypto exchange Uniswap while classifying two major cryptocurrencies, Ethereum (ETH) and Bitcoin, as commodities. The lawsuit, filed in April 2022, claimed that Uniswap violated U.S. securities laws by operating as an unregistered exchange and offering securities without proper registration. The court ruling […]
SEC extends Bitcoin ETF deadlines for BlackRock, Fidelity
The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision-making process for seven Bitcoin exchange-traded fund (ETF) proposals, which include applications from prominent firms like BlackRock, Fidelity, VanEck, and WisdomTree. The SEC extended the deadlines for these proposals to October 17, with some exceptions. The regulatory body cited the need for […]