Tag: SEC

JPMorgan: SEC Approval of Spot Bitcoin ETF Unlikely To Be A Game Changer

boss

A JPMorgan strategist believes that SEC approval for a spot Bitcoin ETF won’t be a game changer.  The banking giant has argued that similar products have existed in Canada and Europe.  The strategist pointed out that Bitcoin funds have attracted little interest from investors over the past two years.  JPMorgan’s report acknowledged that spot BTC ETFs would bring more liquidity and transparency to BTC markets.  Wall Street giant JPMorgan believes that a spot Bitcoin ETF in the United States won’t have the impact that the crypto and TradFi communities believe…

BarnBridge DAO to halt operations amid reported SEC investigation 

According to Douglas Park, a lawyer, the BarnBridge protocol should stop all operations due to an ongoing investigation by the US Securities and Exchange Commission (SEC). BarnBridge is a platform that builds infrastructure and protocols around a fiat stablecoin. BOND is the native governance token allowing holders to vote on proposals. Douglas Park, who was recently voted as BarnBridge DAO’s legal counsel, revealed via Discord that the DAO and individuals associated with the DAO are reportedly under investigation.  Without giving further information about what the regulator is investigating, Park advised the cessation…

BarnBridge DAO calls halt to ‘all work’ on DeFi protocol amid SEC probe

boss

BarnBridge DAO members have been told to pause “all work” related to the project after a reported probe by the United States Securities and Exchange Commission (SEC). In a July 6 post to the platform’s Discord channel, Douglas Park, a lawyer for the decentralized autonomous organization revealed the news to members. “I am letting you know that the Securities and Exchange Commission is investigating BarnBridge DAO and individuals associated with the DAO,” Park said. pic.twitter.com/ChsjBuGEzM — BarnBridge (@Barn_Bridge) July 7, 2023 In order to “reduce potential further legal liability,” Park…

CEX crypto trading hits $2.7T in June amid SEC lawsuits, BlackRock Bitcoin ETF filing

boss

The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according to CCData’s monthly exchange report. Binance, Binance.US and Coinbase all saw their market share decline in the past month. As per the report, the first rise in trading volume in three months was backed by BlackRock’s exchange-traded fund (ETF) filing and regulators’ complaints against crypto exchanges Binance and Coinbase in the United States. Binance saw a surge in withdrawals following the Securities and Exchange Commission (SEC) lawsuit on June 5. As…

Thai SEC says bank customer crypto assets off-limits for lending and investment purposes

Thailand’s Securities and Exchange Commission (SEC) introduced new regulations aimed at digital assets.  The guidelines mandate that digital asset service providers must provide comprehensive risk warnings to ensure awareness of the potential risks involved in cryptocurrency trading. Enhance investor protection On July 3, the Securities and Exchange Commission (SEC) of Thailand unveiled new rules regarding digital asset trading and services, with the details published in the Royal Gazette.  The key highlights include a mandatory risk disclosure for cryptocurrency trading and a ban on deposit-taking and lending services. Starting from July 31, 2023,…

Nasdaq Refiles BlackRock’s Bitcoin ETF Application With The SEC

boss

Nasdaq has refiled BlackRock’s application for a Spot Bitcoin exchange-traded fund (ETF).  The ETF application was previously rejected by the SEC for not providing sufficient details about the crypto product.  The Chicago Board Options Exchange also refiled Fidelity’s rejected Bitcoin ETF application earlier today.  BlackRock’s latest application stated that Coinbase would provide market surveillance as well as BTC custody services. Nasdaq has refiled Wall Street giant BlackRock Inc.’s application for offering a spot Bitcoin exchange-traded fund (ETF). The second largest stock market by market capitalization submitted BlackRock’s BTC ETF application…