Tag Archives: SEC

Thailand’s Oldest Bank Acquires Majority Stake in Country’s Largest Crypto Exchange

Thailand’s Oldest Bank Acquires Majority Stake in Country’s Largest Crypto Exchange

SCB paid $536.6 million for a 51% stake in Bitkub. Siam Commercial Bank (SCB) has acquired a 51% stake in Thai cryptocurrency exchange Bitkub. Thailand’s oldest bank SCB paid 17.85 billion baht ($536.6 million) for the majority stake in the exchange, according to an announcement Tuesday. The transaction is expected to be completed by the first quarter […]

ProShares Bitcoin Futures ETF to Start NYSE Trading on Tuesday

ProShares Bitcoin Futures ETF to Start NYSE Trading on Tuesday

The SEC gave the go-ahead for bitcoin futures ETFs at the end of last week. ProShares will launch a bitcoin futures exchange-traded fund (ETF) tomorrow, the company confirmed in an SEC filing on Monday. CoinDesk first reported on Friday that the ETF was scheduled to launch this week. The U.S. Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs […]

SEC Threatened to Sue Coinbase Over Lending Product, CEO Says

SEC Threatened to Sue Coinbase Over Lending Product, CEO Says

The securities regulator is threatening to sue Coinbase should the exchange launch its Lend product, Brian Armstrong claimed in a Twitter thread. U.S.-based cryptocurrency exchange Coinbase says the Securities and Exchange Commission (SEC) has threatened to sue over its yet-to-be-launched “Lend” program. Coinbase said it had been in discussions with the SEC over its program […]

Morgan Stanley Loads Up on $240 Million in Grayscale Bitcoin Shares

Morgan Stanley Loads Up on $240 Million in Grayscale Bitcoin Shares

Morgan Stanley’s recent purchases would make the investment bank the second-largest holder of Grayscale Bitcoin Trust (GBTC). In brief Morgan Stanley is one of the largest investment banks in the U.S. It’s increased its GBTC investments by a considerable sum. Many Bitcoin users hold themselves in opposition to big banks. One of the biggest, Morgan […]

SEC Needs Clear Authority Over Crypto Platforms, Gensler Says

SEC Needs Clear Authority Over Crypto Platforms, Gensler Says

The SEC chair spoke of the agency’s desire to “stitch together” consumer protection for tokens sold as securities and tokens sold as commodities. The U.S. Securities and Exchange Commission (SEC) needs clear authority over platforms that trade or lend crypto, Chair Gary Gensler said. Talking to CNBC’s Squawk Box Wednesday, the SEC chair spoke of the agency’s […]

SEC Further Delays WisdomTree Bitcoin ETF Decision

SEC Further Delays WisdomTree Bitcoin ETF Decision

The SEC instituted proceedings on whether to approve the WisdomTree bitcoin ETF application, effectively delaying any firm decision by a few months. The U.S. Securities and Exchange Commission (SEC) pushed a decision on WisdomTree’s bitcoin (BTC, +0.21%) exchange-traded fund (ETF) application to the autumn. In a Tuesday order launching proceedings on whether or not the agency should approve […]

US House Passes Bill to Require Financial Regulators to Set Up Digital Assets Working Group

US House Passes Bill to Require Financial Regulators to Set Up Digital Assets Working Group

The Eliminate Barriers to Innovation Act of 2021 seeks to establish a digital asset working group with representatives from the SEC and CFTC. The U.S. House of Representatives has passed several pieces of bipartisan legislation including a section on digital assets, according to a press release from the House Financial Services Committee on Tuesday. Known as the […]

Coinbase’s Financials Are Now Public Ahead of Stock Market Listing

Coinbase’s Financials Are Now Public Ahead of Stock Market Listing

The crypto exchange’s S-1 Form is now live, revealing key details before Coinbase stock hits the market. Crypto exchange Coinbase is officially going to become a publicly traded company. Its Form S-1 has been published by the U.S. Securities and Exchange Commission (SEC), clearing the way for its much-anticipated direct listing on Nasdaq. The move caps […]

First North American Bitcoin ETF Approved by Canadian Securities Regulator

First North American Bitcoin ETF Approved by Canadian Securities Regulator

The first publicly traded bitcoin exchange-traded fund (ETF) in North America has been given the go-ahead by Canada’s financial regulator. According to a decision document on Thursday, the receipt of approval from the Ontario Securities Commission (OSC) was filed under a Multilateral Instrument passport system in multiple Canadian jurisdictions. Those territories include British Columbia, Alberta, Saskatchewan, Manitoba, […]

Crypto Lender BlockFi Registers Bitcoin Trust With SEC

Crypto Lender BlockFi Registers Bitcoin Trust With SEC

BlockFi is the latest firm to go up against Grayscale’s behemoth bitcoin trust. BlockFi, a major hub for crypto lending, appears to be increasing its courting of institutional bitcoin bets through a new bitcoin trust product. The trust, revealed in Friday regulatory filings, could put BlockFi in direct competition with Grayscale for bitcoin-friendly Wall Street investors’ […]