Ex-SEC Official Blasts Morgan Stanley Over Bitcoin ETFs
Ex-SEC official John Reed Stark warns Morgan Stanley of potential SEC scrutiny over spot Bitcoin ETFs. John Reed Stark, the former Chief of the SEC’s Office of Internet Enforcement, has issued a warning to Morgan Stanley regarding the provision of spot Bitcoin ETFs to its clients. The investment bank’s decision was criticized by an ex-SEC […]
NFT Sales Reach $95.42M, Ethereum Leads Amid Declining Market Participation
NFT sales rose 6.29% to $95.42M, led by Ethereum with $32.46M, while Bitcoin-based NFTs fell 10.03%. Non-fungible token (NFT) sales increased by 6.29% from the previous week between August 3 and August 10, 2024, reaching a total of $95.42 million. Nevertheless, the NFT market experienced a significant decrease in the number of participants, with purchasers […]
FTX to Pay $12.7bn to Creditors, CFTC says
FTX and Alameda ordered to pay $12.7 billion in fraud case settlement CFTC announced in a news release. The Commodity Futures Trading Commission announced in a news release that a court has ordered FTX and its affiliate, Alameda Research, to pay $12.7 billion to consumers and victims of their fraud. FTX Ordered to Pay $12.7 […]
IRS Revises Crypto Tax Form, Drops Wallet Address Requirement
IRS releases updated 1099-DA tax form for crypto transactions, addressing privacy concerns. An updated prototype of the 1099-DA tax form has been released by the U.S. Internal Revenue Service (IRS). This form will be utilized by crypto brokers and investors to report specific transactions. The revised version, which is scheduled to be implemented in 2026, […]
Nvidia CEO Sells $49M in NVDA Shares
Nvidia CEO Jensen Huang sold $49M in shares amid a recent market gain and strategic timing. Jensen Huang, the CEO of Nvidia, recently sold $49 million in NVDA shares, which has garnered market attention along with his recent disposal. Huang’s strategy is derived from a plan that he submitted in March, which enabled him to […]