Tag: SEC
Bitkub, Thailand’s Biggest Cryptocurrency Exchange, Plans 2025 IPO on Home Turf
Bitkub Capital Group Holdings, the parent firm of Bitkub, Thailand’s largest cryptocurrency exchange, has unveiled plans to launch an initial public offering (IPO) in 2025, according to CEO Jirayut Srupsrisopa in a recent interview with Bloomberg.
Bitcoin ETF Recovery Boosts Digital Asset Inflow To $862M
The recent rally in Bitcoin Exchange-Traded Funds (ETFs) has ignited a resurgence in the digital asset investment arena, instilling confidence within the crypto community. James Butterfill, CoinShares’ Head of Research, notes a significant milestone as Bitcoin ETFs attracted an impressive inflow of $862 million last week, marking a notable turnaround.
Federal Judges Cast Doubt on XRP’s Non-Security Status
The ruling issued in July 2023, which designated XRP as a “non-security” in secondary market transactions, is encountering challenges. Concerns have been raised by two federal judges regarding the application of the Howey Test to XRP, suggesting that the token might be deemed an unregistered security.
Consensys Champions Ethereum ETFs: A Blockchain Pioneer’s Advocacy
Consensys, a prominent hub for blockchain technology, has submitted proposals to the U.S. Securities and Exchange Commission (SEC) with friendly initiatives. However, the firm’s proposal emphasizes the robust security systems entrenched in the Ethereum blockchain, notably the Proof of Stake (PoS) technique. The SEC receives numerous comments and requests regarding Ethereum ETF applications.
Sam Bankman-Fried Incarcerated: Could Changpeng Zhao Follow Suit?
So, it has finally occurred. Sam Bankman-Fried, known by many as a dubious character, has been handed a prison sentence of 25 years. While some may argue it’s not enough, it’s a significant development nonetheless. The entire cryptocurrency community has been abuzz with a sense of relief and vindication over the past twenty-four hours. This event led me to ponder another figure in the crypto realm whom the U.S. legal system has its sights set on – Changpeng “CZ” Zhao.
BlackRock CEO Optimistic About Ethereum ETF Despite SEC Scrutiny
BlackRock CEO Larry Fink expressed optimism regarding the potential launch of an Ethereum ETF despite increased regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC). Fink’s remarks come amid speculation about the classification of Ethereum as a security by the SEC, which could affect the feasibility of an Ethereum ETF. Despite these challenges, Fink remains positive about the possibility of launching the ETF.
Binance Philippines Users Rush To Liquidate Holdings
Following legal challenges in the Philippines, Binance, the main cryptocurrency exchange, is experiencing a chaotic moment as consumers hurry to dump their holdings at huge discounts. Meanwhile, the recent prohibition by the country’s Securities and Exchange Commission (SEC) has sparked a surge of activity among Binance investors, with reports showing significant USDT discounts and concerns about expensive on-chain costs.
Ripple CEO Predicts Setback For U.S. SEC In Ethereum Case
The legal struggle between the United States Securities and Exchange Commission (SEC) and Ethereum (ETH) has emerged as a fascinating case in the cryptocurrency scene, with numerous analysts anticipating potential outcomes.
Judge Penalizes SEC for ‘Abuse of Power’ in Debt Box Crypto Firm Fallout
A federal judge has penalized the US Securities and Exchange Commission (SEC) for its handling of a complaint against Utah-based cryptocurrency business Debt Box. The lawsuit, which has become a lightning rod for the cryptocurrency sector, reveals the SEC’s aggressive enforcement techniques and raises concerns about the agency’s legal weapons.
Coinbase Slams SEC for “Oppressive” Approach to Crypto
Over the last year, the US Securities and Exchange Commission (SEC) has been scrutinized for its antagonistic activities against the cryptocurrency industry, raising concerns about its jurisdiction over the asset class. Last July, cryptocurrency exchange Coinbase petitioned the EU to build a specific regulatory framework for the industry. However, the SEC rejected the plan, calling it ‘unwarranted’ and claiming that current securities regulations were adequate for regulating cryptocurrency holdings.