Tag Archives: sec

The global investment manager VanEck would have to wait more to receive the SEC’s answer about its Bitcoin ETF application from earlier this year. The Commission’s second delay seeks other interested parties to weigh in on whether such a product will be sustainable. After withdrawing its previous attempts, VanEck filed another application with the US Securities and Exchange Commission in March this year to release a Bitcoin ETF. The agency initially delayed the decision back...

Mark Cuban has taken issue with some comments uttered by John Reed Stark, the former chief of the Office of Internet Enforcement for the Securities and Exchange Commission (SEC). According to Stark, cryptocurrencies like bitcoin and Ethereum bear “no utility,” something that Cuban seems to disagree heavily with. Mark Cuban Rushes to Crypto’s Defense Not long ago, Cuban stated that he owned bitcoin and believed it would be a serious hedge in the future against inflation...

The Securities and Exchange Commission (SEC) has charged five individuals for allegedly taking part in what has come to be known as the Bit Connect scam. Bit Connect Is Still an Open Case Bit Connect collapsed in the year 2018. The event resulted in more than $2 billion in losses for investors, and now it appears five people are being made to answer for the enterprise’s dissolution. Bit Connect was advertised as a “global unregistered digital asset securities offering.”...

Guggenheim Partners may invest in Bitcoin and other cryptocurrency assets through its latest fund called Guggenheim Active Allocation Fund. A recent filing with the Securities and Exchange Commission revealed the giant’s plans to receive the exposure through cash-settled derivatives instruments. CryptoPotato reported last year Guggenheim’s filing in which the behemoth sought SEC approval to allocate up to $500 million in bitcoin through its Macro Opportunities Fund. The large...

In yet another win for Ripple in its lawsuit against the SEC, the Judge has denied the Commission’s motion to compel the payment processor to produce internal information discussing XRP sales with its legal team. As a result, the price of the XPR token surged by double-digits in 24 hours. SEC Denied From Accessing Internal XRP Sale Docs Earlier in May, the Securities and Exchange Commission asked the Court to order Ripple to produce all relevant documents of legal, internal...

We are back at it again, folks. The bitcoin-based exchange-traded fund (ETF) game is in play all over again in the United States as the Securities and Exchange Commission (SEC) is now reviewing bitcoin ETF applications submitted by companies such as Fidelity and Sky Bridge Capital, led by Anthony Scaramucci. There Are Still Questions Surrounding a Bitcoin ETF The big question is not whether these products are good or useful in some way, but rather if the SEC finally has...

Less than a month after VanEck filed documents with the SEC to launch an Ethereum ETF, WisdomTree has done the same. The asset manager, based in New York, has previously applied for Bitcoin ETFs but to no avail so far. Founded in 2006, WisdomTree is an American exchange-traded fund and exchange-traded product sponsor and asset manager with over $42 billion in AUM (as of 2018). According to a recent filing with the US Securities and Exchange Commission, the organization plans...

Ripple has been included in CNBC’s Disruptor 50 as the #38 of most successful private companies this year —primarily due to its innovative approach towards borderless payment technology and becoming one of the largest crypto companies in the world. This year’s CNBC’s Disruptor 50 is the ninth annual list of private companies thriving amidst the pandemic and making innovative approaches in their business models and the fields they’re in. Some of the listed companies include...

Many analysts thought that with so much competition stemming from regions like Canada, the United States would give in sometime this year and submit to a bitcoin-based exchange-traded fund (ETF), but now it looks like that will not be the case. A Bitcoin ETF May Not Arrive This Year After All The Securities and Exchange Commission (SEC) has always been relatively stubborn when it comes to permitting bitcoin-based products and services, and despite many new ideas and...

Gary Gensler – the new head of the Securities and Exchange Commission (SEC) – says that while he understands why so many people are eager to jump aboard the crypto bandwagon and invest in these new assets, there is still too much fraud meandering about, and more regulations need to be implemented as a means of protecting people from illicit behavior. Gary Gensler Wants More Crypto Regulations One of the big problems Gensler has with crypto – bitcoin specifically – is...