Judge orders Coinseed to shut down and pay $3 million in damages
Earlier this year, the Attorney General of New York won a legal battle against the cryptocurrency investment programme Coinseed. According to a default judgement entered on September 13, Coinseed and its founder Delgerdalai Davaasambuu failed to even respond to the New York Attorney General’s initial complaint. The case was filed in February and accused Coinseed […]
ARK Invest looks to invest in Canadian Bitcoin ETF investment
To invest in Bitcoin ETFs, Cathie Wood’s ARK Invest has modified its prospectus (ETFs). A revised SEC filing for the ARK Next Generation Internet ETF states that “other pooled investment vehicles that invest in Bitcoin, such as exchange-traded funds that are domiciled and listed for trading in Canada (Canadian Bitcoin ETFs)” (ARKW). An exchange-traded fund […]
BTC, ETH, and ADA all drops by double digits over the last week
Some of the industry’s largest cryptocurrencies including BTC, ETH and ADA have crashed by as much as 25% over the last seven days, according to CoinGecko. “In terms of Bitcoin , this is a fairly typical market pattern—a correction of sorts after a significant bullish period,” Jason Deane, Bitcoin analyst at Quantum Economics told Decrypt. […]
UK hedge fund Brevan Howard launches crypto division
Brevan Howard has also engaged Colleen Sullivan, the former CEO of CMT Digital, to oversee private and venture capital investments in cryptocurrency. The hedge fund Brevan Howard , which is based in the United Kingdom, intends to “significantly expand” its bitcoin and digital asset portfolio, according to a recent report from Reuters. Founder and long-time […]
Majority of Korean crypto exchanges to cease operations this month
Failure to comply with South Korean regulators’ new requirements will likely result in the extinction of tens of cryptocurrency exchange operators. South Korean cryptocurrency exchanges face an impending deadline to comply with new compliance requirements, with all operators expected to submit applications for official licences to the Financial Services Commission (FSC) no later than Sept. […]