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...
Read More »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...
Read More »US SEC Can No Longer Turn to In-House Tribunals
The Securities and Exchange Commission (SEC) can no longer rely on in-house judges to settle suits, ruled the US Supreme Court last week. Going forward, the SEC must take all its cases to federal court and fight them through trials with neutral juries and judges present while enforcing securities laws and penalizing perpetrators. As per the Supreme Court verdict, in-house tribunals violate the Seventh Amendment, which offers the constitutional right to a jury trial, thereby giving the SEC...
Read More »Bitcoin Whale Moved 1,000 Bitcoins to Coinbase
A Bitcoin whale deposited around $61 million worth of bitcoins to their Coinbase Pro account on Friday for liquidation, according to Arkham Intelligence. The wallet 12EMDoUhaNCuWZeeT6ey61AkjKyzmjV2m3 moved close to 1,000 bitcoins that laid dormant for six years. A Bitcoin whale represents a wallet that holds no less than 1,000 bitcoins. Over the past few weeks, whales have liquidated large amounts of bitcoin to realize profits as the asset’s price has risen tremendously. On Thursday, a...
Read More »PayPal-backed Mesh and Conio Launch Europe’s First Open Banking Solution for Bitcoin
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Read More »Tether Rolls Out USDT Payments for Philippines’ Social Security
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Read More »Bitcoin, Ethereum, Solana Outranks Traditional Assets in Latest EXPAAM Ranking
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Read More »CertiK Completes Migration of Blockchain Apps to Alibaba Cloud for Enhanced Security in Asia
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Read More »Bitfinex Securities to Offer New Tokenized Bonds on Liquid Network
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Read More »Singapore Raises Alarm on Terrorism Financing Risks in Digital Payments
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