SEC Adopts New Regulation to Protect Asset-Backed Securities Investors
SEC Rule 192 improves market fairness and strengthens public confidence in the financial sector by protecting ABS investors from transactions that could be conflicted. A strict rule aimed at removing conflicts of interest in the selling of asset-backed securities (ABS) has been introduced by the Securities and Exchange Commission (SEC). The implementation of Rule 192 […]
ProShares Futures Bitcoin ETF Hits ATH
ProShares’ Future Bitcoin ETF, or “BITO,” has reached a new All-Time High (ATH) amid increasing interest and excitement over spot Bitcoin ETFs. As to the X article by James Seyffart, the Bloomberg ETF analyst, ProShares’ BITO is getting near $1.5 billion in Total Value Locked (TVL). This is just two weeks after Eric Balchunas declared […]
Germany’s Bitcoin Group Tackles Money Laundering Attempts
BaFin’s direction to its subsidiary Futurum bank to remedy shortcomings in anti-money laundering and counter-terrorist financing procedures, Germany’s Bitcoin Group is improving its internal control system. The financial watchdog BaFin is investigating Germany’s Bitcoin Group, pointing out serious flaws in the anti-money laundering and counterterrorism funding procedures of its subsidiary Futurum Bank. The regulatory action […]
SEI Token Rally Reaches All-Time High with Sei V2 Upgrade
As the SEI token reaches a record high, the Sei V2 upgrade adds the Ethereum Virtual Machine, improving blockchain interoperability. Plans to include support for the Ethereum Virtual Machine (EVM) in the next Sei V2 upgrade have been revealed by Sei Labs. This innovation will allow Ethereum-based contracts to be seamlessly transferred to the Sei […]
Jack Dorsey Invests in Ocean to Support Decentralized Bitcoin Mining
Jack Dorsey, Bitcoin advocate and co-founder of Twitter (now X) supports Ocean, a new Bitcoin mining pool that will assist miners in regaining control over transaction fees and block rewards by leading a $6.2 million funding round. An announcement on November 29 stated that Dorsey led a $6.2 million seed round for Mummolin, the parent […]