MicroStrategy co-founder Michael Saylor believes his firm will remain an enticing way for investors to gain exposure to Bitcoin (BTC) regardless of any future exchange-traded fund approvals. He has also confirmed his firm’s intention to continue adding more Bitcoin to its balance sheet, including with the potential proceeds of a planned $750 million share sale. Speaking to Bloomberg on Aug. 2 on how an approved spot Bitcoin ETF could impact his firm’s offering, Michael Saylor was confident MicroStrategy would still be able to offer something spot Bitcoin ETFs can Consider…
Tag: Approved
Taylor Swift Approved Sponsorship Deal With FTX, Despite Previous Reports: NYT
Swift signed the sponsorship agreement with FTX following more than six months of discussions but in the end, FTX founder Sam Bankman-Fried pulled out of the deal, according to the New York Times, citing three people with knowledge of the matter. The decision left Swift’s team frustrated and disappointed, according to two of the people. Source
Celsius Network approved to convert altcoins into BTC or ETH
The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Ether (ETH). The order was issued by Judge Martin Glenn, and the liquidations will pave the way for the distribution of the funds to creditors in the near future. The proposal was officially approved after discussions between Celsius and the U.S. Securities and Exchange Commission (SEC). As per the bankruptcy judge’s ruling, the troubled lender is authorized to: “Sell or convert any cryptocurrency…
BlackRock has ‘50% chance’ of getting spot Bitcoin ETF approved: Analyst
Investment management firm BlackRock has a 50% chance of getting its spot Bitcoin (BTC) Exchange Traded Fund (ETF) approved, says Bloomberg’s senior ETF analyst Eric Balchunas. Balchunas’ prediction comes following an observation made by Elliott Stein, a senior litigation analyst for Bloomberg Intelligence, who now pegs the chances of Grayscale winning its case against the SEC at 70%. Another reason we give spot bitcoin ETF approval 50% chance is our senior legal analyst @NYCStein gives Grayscale a 70% chance of winning case against SEC, who could approve BlackRock’s ETF as…
Latin American Crypto Firm Ripio Approved to Operate in Spain as an Exchange
It’s the latest in a number of licenses to crypto companies granted by the Bank of Spain. Source
Circle’s Allaire Says Bitcoin ETFs Likely to be Approved: Bloomberg
Allaire spoke with Bloomberg at the World Economic Forum in Tianjin, China. Original
Crypto.com Approved for Registration as Digital Asset Service Provider With Bank of Spain
The registration, approved after what the company said was a “comprehensive review of its compliance with Anti-Money Laundering Directive (AMLD) and other financial crimes laws,” will allow Crypto.com to offer a “suite of its products and services to users in Spain.” Source
BlackRock applies for spot Bitcoin ETF — a US first, if approved
BlackRock has filed an application for a Bitcoin spot exchange traded fund (ETF). The investment company is the world’s largest and it would be the first crypto spot ETF in the United States, if it receives approval. According to a filling by the Nasdaq stock exchange with the U.S. Securities and Exchange Commission (SEC), Coinbase Custody Trust Company would be the custodian of the fund’s Bitcoin holdings and Bank of New York Mellon would custody its fiat. BlackRock’s iShares Bitcoin Trust would be traded as Commodity-Based Trust Shares. According to the application filed on…
Voyager bankruptcy plan approved, customers may recover 35.7% of claims initially
Crypto brokerage Voyager’s bankruptcy plan was approved by the United States Bankruptcy Court for the Southern District of New York on May 17, according to a Reuters report. Judge Michael Wiles’ order approving the procedure was published by the court a day earlier. The so-called third bankruptcy plan was proposed on May 5 after Binance.US backed out of plans to buy $1 billion worth of Voyager assets on April 25. That deal had overcome resistance from the U.S. government before Binance.US’ last-minute reversal. Voyager will now liquidate — that is,…
EU MiCA crypto regulatory framework approved
The European Parliament has approved the Markets in Crypto-Assets {MiCA} law surrounding crypto transactions with overwhelming support. This makes the E.U. the first major jurisdiction in the world to introduce comprehensive crypto guidelines. MiCA regulations approved EU lawmakers on April 20 voted 517-38 in favor of a new crypto licensing regime, MICA. The EU parliament also voted 529-29 on a separate law known as the Transfer of Funds regulations which requires crypto firms to identify their customers to reduce money laundering. This is significant because it is the first comprehensive…