Tag: SEC

In a court filing submitted on January 30, 2024, Chris Amani, the new CEO of Terraform Labs, claimed that the firm is not built to generate profits; instead, any profits earned are reinvested to expand the business. This latest court document, which contains this claim, comes within the context of ...

Blockchain technology is not just a tool for financial services, according to Chris Dixon, a partner at Andreessen Horowitz. He believes it is here to stay. In a recent interview on CNBC, Dixon described blockchain as an expansive technology with the potential to change how we build and interact with ...

In a departure from the flashy pop-culture-inspired advertisements of other prominent spot Bitcoin ETF providers, BlackRock has opted for a more subdued approach with its latest iShares Bitcoin Trust ETF (IBIT).  Released on Thursday, January 11, 2024, BlackRock's video ad features Jay Jacobs, the firm's US head of thematics and ...

The United States Securities and Exchange Commission (SEC) has finally approved the multiple spot Bitcoin Exchange-Traded products (ETPs) applications less than 25 hours after the agency had debunked a "fake approval" post on its X account. The US regulator announced this approval of a "number of spot Bitcoin exchange-traded product ...

The U.S. Securities and Exchange Commission (SEC) has reportedly offered feedback to potential issuers of bitcoin exchange-traded funds (ETFs) after they submitted documents disclosing service fees for their proposed offerings yesterday, January 8, 2023.  Some members of the crypto community pointed out that the SEC's swift feedback before it is ...

A Matrixport analyst, Markus Thielen, has predicted that the Securities and Exchange Commission (SEC) will reject all bitcoin spot exchange-traded fund (ETF) proposals this month. Despite ongoing discussions and revised S-1 prospectuses, Thielen contends that the current applications do not meet a crucial requirement necessary for SEC approval. Referring to ...

Celsius Network announced plans on Monday, November 20, 2023, to pivot its operations and establish a new publicly traded Bitcoin mining company that will be owned by its customers. This decision follows feedback from the Securities and Exchange Commission (SEC) concerning specific aspects of Celsius's recently confirmed Chapter 11 bankruptcy ...

Binance may reportedly shell out a settlement fine of over $4 billion to the United States Department of Justice (DOJ) to resolve a lengthy investigation into its alleged violation of American anti-money laundering laws and involvement in evading US sanctions against Iran and Russia. This potential settlement, if reached, would ...

The U.S. Securities and Exchange Commission (SEC) has imposed a $2.5 million fine on BlackRock Advisors for misrepresenting investments in its publicly traded BlackRock Multi-Sector Income Trust. According to the SEC, between 2015 and 2019, the world's largest asset manager invested a significant portion of the trust's portfolio in the ...

Veteran attorney Bill Morgan has predicted that the United States Securities Exchange Commission (SEC) has a slim chance of winning an appeal against Ripple in the ongoing XRP lawsuit. He concluded that the SEC's odds are a mere 3%. Morgan expressed this view in a tweet on October 22, 2023. ...