CFTC Files Lawsuit Against Debiex
According to the Commodity Futures Trading Commission (CFTC), Debiex cryptocurrency trading platform users were defrauded of around $2.3 million. According to a CFTC statement, the complaint claims that several Debiex officers and managers allegedly used misleading information to earn the trust of potential clients, leading to the development of friendly and “intimate” connections. These people […]
Fidelity’s Spot Bitcoin ETF Second to Hit Over $1B Inflows
The Fidelity Wise Origin Bitcoin Fund (FBTC) has become the second spot Bitcoin ETF to hit over $1 billion in inflows following five days of trading. Fidelity’s FBTC received $874 million in inflows up to January 17, just a few days after BlackRock’s iShares Bitcoin Trust (IBIT), the first of the recently authorized BTC ETFs, […]
South Korea May Reconsider Stance on Bitcoin ETFs
South Korea’s Presidential Office has taken a proactive stance regarding the trading of Bitcoin exchange-traded funds (ETFs). The South Korean financial authority was urged by the office of the president of South Korea to reevaluate the prospect of allowing spot Bitcoin (BTC) exchange-traded funds (ETFs) to be traded in the nation. Formerly, South Korean businesses […]
Direxion Submits Five Leveraged Spot Bitcoin ETF Applications
Direxion filed to register five leveraged Bitcoin ETFs with the U.S. Securities and Exchange Commission (SEC) on January 18. According to documents from Direxion, there are plans to establish one Bitcoin fund for each fund with short leverage and one with long leverage of 1x, 1.5x, and 2x. Exchange-traded funds designed to mimic the daily […]
Crypto.com Delists Terra LUNA, Token Plunges Nearly 10%
Crypto exchange Crypto.com has cautioned Terra Luna Classic (LUNC) holders to sell or withdraw their tokens. LUNA and LUNA Classic saw a value decline of around 10% as a direct result, indicating investor unease. Furthermore, the 24-hour trading volume of both tokens decreased by 12%, indicating a decline in market activity related to these assets. […]