Fidelity Files SEC Registration for Bitcoin ETF
The company has registered its Fidelity Wise Origin Bitcoin Fund with the U.S. Securities and Exchange Commission (SEC) by filing Form 8-A, claiming over $4.5 trillion assets. With this filing, Fidelity is taking a step toward becoming a publicly traded company , and it also signifies a wider acceptance of digital assets in conventional investing […]
Former Citigroup Executives to Offer Bitcoin Depositary Receipts
According to a Bloomberg report released on January 4, former Citigroup executives would sell Bitcoin-backed securities. They claim that these securities do not require permission from US regulators. The issuer will launch a “Receipts Depositary Corporation, or RDC,” due to the blatant action. Bitcoin Depositary Receipts, which work similarly to American Depositary Receipts representing international […]
ARK Invest Joins Race for Bitcoin ETF Registration
Cathie Wood of ARK Investment Management and Swiss cryptocurrency custodian 21Shares have proposed the exchange-traded fund ARK 21Shares Bitcoin ETF registration notice to the U.S. Securities and Exchange Commission (SEC). The firm registered its shares as securities listed on the Cboe BZX Exchange on January 4 using Form 8-A. Both the Grayscale Bitcoin Trust and […]
Binance Labs Invests in Memecoin, Token Pumps
In a significant move, Binance Labs, the venture capital arm of Binance, has invested in Memecoin (MEME), the native token of Memeland – a Web3 venture studio spawned. Binance Labs has invested Memeland, a startup that aims to create and invest in the social economy using its naïve ecosystem currency. The investment’s size is kept […]
ACE Exchange Founder David Pan Arrested for Crypto Fraud
In an exhaustive regulatory sweep of the company, ACE Exchange founder David Pan was arrested for cryptocurrency fraud. A recent development involves the apprehension of cryptocurrency fraud by the founder of ACE digital currency trading platforms, one of the top three virtual currency brokerage firms in Taiwan. In conjunction with their team, David Pan and […]