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Tag Archives: News

Bitfarms Taking Measures to Prevent a Hostile Takeover

Bitfarms has appointed a new independent board member, Fanny Philip. He is the fifth board member and the fourth independent one. Philip’s appointment comes in time to prevent Riot Platforms from staging a hostile takeover of Bitfarms. Both Bitcoin miners find themselves in a precarious position. Riot backed out of buying all of Bitfarms’ common shares at $2.50 per share. The deal amounted to a $950 million acquisition but was called off. Riot did so, claiming Bitfarms’ board was too hard to...

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21Shares Files to Issue SOL ETFs in the US

21Shares filed an S-1 application with the US Securities and Exchange Commission (SEC) to issue spot SOL ETFs. With that, it is the second asset management firm to apply with the regulator to issue an approved product backed by Solana’s native asset. The first was VanEck—when it applied for the ETF issuance on 27 June. The steam for SOL ETFs has picked up since 3iQ filed to issue the product in Canada last week. Now, asset managers in the US are going for it, with more applications expected...

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SEC Files Lawsuit Against Consensys for Securities Violations

The US Securities and Exchanges Commission (SEC) has brought a lawsuit against Consensys, the parent company of MetaMask, for providing staking and brokerage services around unregistered securities contracts. This suit was filed on 28 June, stating, “Consensys violated the federal securities laws by failing to register as a broker and failing to register the offer and sale of certain securities, thereby depriving investors of crucial protections that those laws afford.” It also mentions how...

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