Tag: Offering

TradeStation Crypto reaches $3m settlement for offering unregistered interest product

TradeStation Crypto, a subsidiary of Japanese brokerage and cryptocurrency exchange Monex Group, has agreed to a $3 million settlement with the United States Securities and Exchange Commission (SEC) and regulators from 26 states.  The agreement resolves allegations that the Florida-based company offered an unregistered interest-bearing crypto-lending product to investors without the necessary registration. The SEC identified that between August 2020 and June 2022, TradeStation Crypto engaged in activities where it allowed U.S. investors to deposit or purchase crypto assets in exchange for the promise of interest payments. The firm had…

Korea’s FSC bars local brokers from offering spot Bitcoin ETFs overseas

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South Korea’s financial regulator has declared that domestic securities firms are barred from offering spot Bitcoin exchange-traded funds (ETFs) in international markets. South Korea‘s Financial Services Commission (FSC) said in a press release on Jan. 12 that domestic securities firms cannot offer spot Bitcoin ETFs overseas, as it may violate the existing government stance on virtual assets. Despite the ban, the FSC acknowledged the possibility of reviewing its stance on crypto regulation, without providing specific details. As per Korean news outlets, the local securities forms, including Mirae Asset Securities and…

Polkastarter Announced Initial Dex Offering with Overlay Protocol and $OV Tokens

The Overlay Protocol has the ability to create instant liquid markets without relying on traditional liquidity providers (LPs) or third-party market makers. In a major development, the popular decentralized fundraising platform Polkastarter announced the launch of the Initial DEX Offering – Overlay Protocol. Overlay Protocol has emerged as a decentralized perpetual futures protocol revolutionizing the trading landscape. Facilitated by its native token $OV, Overlay Protocol enables users to engage in long and short positions on diverse data streams. Thus, it eliminates the need for counterparties and effectively addresses liquidity challenges.…

Elastos Floats Bitcoin Layer 2 Offering to Maximize BTC Staking Demand

Elastos aims to use BeL2 to allow users to stake their Bitcoin holdings directly on the service. Blockchain network Elastos may have devised a strategy to take advantage of the current high demand for Bitcoin (BTC) staking on its platform. This follows after it launched BeL2, a Bitcoin layer-2 network, in a supposed effort to retain the billions of dollars in BTC volumes that currently flow from the staking tools it offers. According to Elastos developers, BeL2 is an upgrade to the base Bitcoin blockchain. And that is especially true…

Elon Musk-backed xAI Notifies US SEC of Its Intentions to Raise $866.3M through Equity Offering

xAI, the Nevada-based tech company, has so far raised $134 million in its bid to achieve $1 billion to further improve AI tools used by GROK. In a bid to grow its market share and infrastructure, Elon Musk-backed xAI Corp. has filed with the United States Securities and Exchange Commission (SEC) to raise an extra $865.4 million through equity sales. The Nevada-based technology company notified the US SEC through Form D, which is yet to be revised, that it has already sold offerings worth about $134.6 million. The company highlighted…

Spot Bitcoin (BTC) ETFs Have Almost $100M in AUM in Brazil, Led by Hashdex Offering

Together, those ETFs have $96.8 million of assets under management (AUM) as of November 21, led by Hashdex’s Nasdaq Bitcoin Reference Price FDI (BITH11) with $57.8 million in AUM as of November 21, or a market share of about 60%. As comparison, the largest ETF in the nation, iShares Ibovespa Index (BOVA11), has $2.41 billion in AUM and the second largest, the iShares BM&FBOVESPA Small Cap (SMAL11), has $1.19 billion in AUM. For reference, the largest U.S. ETF, the SPDR S&P 500, has roughly $430 billion in AUM. Source

Standard Chartered China Offering Exchange Services for Digital Yuan

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