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Tag Archives: sec

This Is Why Rich Dad, Poor Dad Author Buys Bitcoin Instead of Altcoins

Robert Kiyosaki believes the US regulators will go hard against most alternative coins once they are classified as securities. As such, the author of several best-seller books continues to invest only in bitcoin, which the CFTC and even the SEC have said is a commodity. Kiyosaki on BTC and Altcoins The 75-years old US entrepreneur, author, and investor changed his tune on the primary cryptocurrency during the COVID-19-induced crisis, saying the asset had proven itself in...

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OKX Proof-of-Reserves Report: Bitcoin, Ether, Tether Reserve Ratios Over 100%

Cryptocurrency exchange OKX released its second Proof of Reserves (PoR) on its website on December 22nd. The new report would enable users to view and self-verify the results of two PoRs with the help of open-source tools, the company said in an official statement. OKX also promised to publish the PoR report every month. OKX’s Proof-of-Reserves The report shows that OKX’s wallets held 113,754 BTC against a user balance of 112,192 BTC as of December 20th, 14:00 UTC. It has a...

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SEC General Counsel Dan Berkovitz to Step Down in January 2023

The US Securities and Exchange Commission announced that Dan Berkovitz will step down from his General Counsel position as of the end of January 2023. The current SEC Principal Deputy General Counsel – Megan Barbero – will replace Berkovitz upon his departure. SEC Chair Gary Gensler said he was “grateful” for Berkovitz’s “exceptional public service and his dedication to this agency” in the official announcement before adding, “Dan has led the Office of General Counsel during...

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Grayscale CEO Will Consider Massive Share Buyback if SEC Lawsuit Fails

Grayscale may consider a 20% tender offer on GBTC shares if its bid to convert into a Bitcoin spot ETF ultimately fails, said CEO Michael Sonnenshein to investors on Monday. In an interview on the same day, the executive also commented on the FTX’s collapse, the crypto bear market, and the state of Binance. Shoring Up GBTC In a conversation with CNBC, Sonnenshein acknowledged that the industry is going through a “crypto winter,” which will produce more “regulation” and...

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XRP-Kursrallye: Ripple vor historischem Erfolg?

Wenn Ripple Labs den Prozess gewinnt und die Ripple-Währung XRP wieder ins Sortiment der grossen Bitcoin-Börsen aufgenommen wird, kann sich der Ripple-Kurs von 35 Rappen auf 3 Franken locker verzehnfachen. Dies ist aber reine Spekulation. Seit rund zwei Jahren streitet sich Ripple mit der US-amerikanischen Regulierungsbehörde SEC um den Status von XRP. Handelt es sich dabei um ein unlizensiertes Wertpapier? Jeremy Hogan, Anwalt von Ripple glaubt,...

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WisdomTree’s Ethereum and Stellar-Enabled Funds Receives SEC’s Approval

The US Securities and Exchange Commission (SEC) has approved WisdomTree’s nine blockchain-enabled funds. According to the official press release, the new digital funds will reflect different exposures, with each of them investing in traditional assets, but will not track crypto assets. However, the firm will leverage Stellar or Ethereum blockchains as a secondary record of share ownership, with official ownership records maintained by the digital funds’ transfer agent. With...

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