US DOJ Charges Cryptsy Exchange Founder for Stealing $1M in Crypto
The US Department of Justice charged Project Investors Inc. CEO and founder Paul Vernon with stealing $1 million from wallets held by the now-defunct crypto exchange Cryptsy. The Department of Justice charged Vernon, 48, with tax evasion, wire fraud, money laundering, computer fraud, and destruction of data in a federal investigation, among other things, in […]
Sky Mavis Axie Infinity founder unveils RON Governance Token
Creator of the play-to-earn game Axie Infinity Sky Mavis launches RON, a governance token for its Ethereum sidechain, the Ronin Network. Users can use the RON token to pay for transactions on Ronin, and it also has decentralized finance (DeFi) features including community governance and future utility via staking through validators to gain rewards. According […]
Minnesota Congressman Criticizes SEC for Rejecting Fidelity’s Bitcoin ETF
Following recent rejection of Fidelity’s Spot Bitcoin ETF application by SEC, Minnesota Congressman Tom Emmer slams SEC. Minnesota Representative Tom Emmer has chastised the Securities and Exchange Commission for rejecting Fidelity’s Wise Origin Bitcoin Trust’s proposal for a spot Bitcoin exchange-traded fund, which was originally filed in March. Another day, another baseless rejection of a […]
Artist Gal Yosef Joins the NFT Train After Eminem, Neymar, and Others
Following athletes, music stars, movie stars, and celebrities, internationally-renowned 3D artist Gal Yosef is the next to embrace the NFT craze. Yosef’s Meta Eagle Club NFT collection was just launched with the support of the internationally renowned Eden Gallery. Artists, NFTs, and Art The NFT craze, which was sparked by big stars like Snoop Dogg, […]
US SEC rejects Fidelity’s Bitcoin Spot ETF amid BTC price struggles
Another Bitcoin bear market and spot ETF rejection by US SEC has left market participants depressed. The Securities and Exchange Commission of the United States gave the spot Bitcoin ETF proposal from investing behemoth Fidelity a green light on January 27. SEC’s rejection of BTC Spot ETF The SEC denied Fidelity’s spot ETF on Thursday morning, according to a recently published document. The regulatory authority has highlighted concerns about cryptocurrency-related scams, manipulation, and investor protection in recent months. While the SEC has raised similar concerns in the past, they appear to have tightened their grip on crypto rules recently. The SEC’s rejection of a Bitcoin ETF proposal put forth by the Winkelvoss brothers Cameron and Tyler, owners of the Gemini exchange, goes back to their rejection of a Bitcoin ETF proposal put forward by the Winkelvoss brothers Cameron and Tyler, owners of the Gemini exchange. The SEC warned in a statement that any rule modification in favor of sanctioning the ETF would not be intended to prevent “fraudulent and manipulative activities and practices” or to “protect investors and the public interest.” The SEC went on to say regarding the BZX exchange: “BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section.” Following Fidelity’s application in March 2021, the regulatory body extended its review window to accept or disapprove the offering in July and then in November. The US Securities and Exchange Commission (SEC) had already rejected a proposed spot ETF centered on Bitcoin from First Trust and Skybridge Capital on identical reasons. Stone Ridge and NYDIG are scheduled to make a decision on an ETF filing by mid-March. The Spot ETF Tussle Continues The Securities and Exchange Commission (SEC) authorized the first-ever Bitcoin […]