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Tag Archives: sec

Celsius Network Valuation Consultant Approves Value of Debtors’ Assets and Liabilities

Officially, the valuation as of the end of May is correct and Celsius will pay creditors $2 billion in Bitcoin and Ether tokens. A mathematician working for Celsius Network’s valuation advisor Stout Risius Ross LLC has confirmed that the fair value of some debtors’ assets and liabilities as of May 31, 2023, is correct. Joel E. Cohen, in a declaration at the New York bankruptcy court, detailed the methods used to analyze the valuation and arrive at the conclusion. Cohen noted in the...

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Trading of Ethereum Futures ETFs May Start Next Week

According to analysts, there are 15 Ether futures ETFs awaiting approval. The United States Securities and Exchange Commission (SEC) has postponed its decision on spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck. This comes after a September 26 announcement from the regulator saying it had extended the period for deciding on spot Bitcoin ETF applications from ARK 21Shares and Global X. In notices filed on September 27, the SEC said it would extend the...

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CIA to Launch ChatGPT-Style AI Tool for Enhanced Intelligence Analysis

While the CIA is yet to reveal specific details about the model underpinning the soon-to-be-launched AI tool and its privacy safeguards, its director assured that the intelligence agency adheres closely to privacy laws in the United States.  The United States Central Intelligence Agency (CIA) is preparing to unveil its own artificial intelligence (AI) bot, similar to ChatGPT, for investigative purposes.  According to a report by Bloomberg, this innovative AI tool is designed to empower CIA...

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Franklin Templeton Joins Race for Spot Bitcoin ETF

According to the filing, Coinbase will securely hold and manage the actual Bitcoin assets that underpin the ETF. The company has also confirmed that the Bitcoin ETF will be listed and traded on the Cboe BZX Exchange, Inc. Franklin Templeton, an asset management company, has entered the competition among companies aiming to offer spot Bitcoin ETFs. This was made known through a September 12 filing with the Securities and Exchange Commission (SEC). According to the filing, Coinbase will...

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Pressure Mounts on SEC’s Gensler as US House Lawmakers Request ‘Immediate’ Approval of Spot Bitcoin ETF

Bitcoin ETFs provide an easy way for investors to put their funds into the cryptocurrency market. The crypto industry is rife with anticipation for the Securities and Exchange Commission (SEC) to approve spot Bitcoin exchange-traded fund (ETF) applications. However, the extended clamor may now have the right backing as four members of the House Financial Services Committee – two from each party – have just written a letter to that effect. In the Tuesday letter obtained by Coinspeaker, the...

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Ripple’s Co-Founder Praises the UK as a Tech Leader

Chris Larsen – Co-Founder and Executive Chairman of Ripple – applauded the United Kingdom for turning into a financial and technological hub that aids the advancement of different innovations. The ongoing regulatory uncertainty in the United States and the lawsuit between the crypto company and the US SEC have prompted Ripple to expand globally. The UK has been among the destinations with the most open roles. Putting the UK on a Pedestal Larsen retweeted a post by Jeremy...

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Pro Ripple (XRP) Lawyer Baffled With This Latest SEC Decision

John E. Deaton – a US attorney who represents thousands of XRP investors in the lawsuit between Ripple and the SEC – criticized the agency for one of its latest moves.  Specifically, the regulator opposed a reorganization plan presented by Coinbase, according to which customers of the now-bankrupt crypto lender Celsius Network could be reimbursed for their losses. The SEC has Turned Into a ‘Threat to Retail Investors’ The leading cryptocurrency exchange Coinbase...

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Mike Novogratz: A Bitcoin ETF is Right Around the Corner

Mike Novogratz – the billionaire hedge fund manager of Galaxy Digital and one of the biggest BTC bulls the world has ever known – believes that a bitcoin spot ETF will be approved somewhere within the next six months. A Bitcoin ETF is Almost Here, Novogratz Says In an interview, he commented: It’s a big deal, because both our contacts from the Invesco side and from the BlackRock side get you to think that this is a question of when, not if, that the outside window...

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Binance Brings New Compliance Executive Onboard

Binance – the largest and most popular digital currency exchange in the world – has hired a new deputy chief compliance officer (CCO) and global money laundering reporting officer. The positions will be taken over by Kristen Hecht, who according to a recent blog post, has more than 17 years of experience fighting both financial terrorism and illicit monetary activity. Binance Now Has Kristen Hecht Aboard Hecht expressed her excitement about the job in a recent...

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The SEC Must Finally Decide on a Bitcoin ETF Application from ARK Invest

The Securities and Exchange Commission (SEC) is required to give an official decision regarding a new bitcoin-based exchange-traded fund (ETF) application submitted by ARK Invest. The Window for Decision is Closing on the SEC ARK is simply one of eight companies that have submitted such applications over the past few months, the others being Bitwise, VanEck, BlackRock, and WisdomTree to name a few. The application from ARK was submitted as far back as mid-May of...

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