Grayscale Has Filed For New ‘33 Act Ether Futures ETF
Grayscale’s submission of an application for an ether futures ETF has generated significant attention, indicating a possible change and prompting inquiries regarding the future of their Ethereum Trust. Grayscale Investments has submitted an application for a novel exchange-traded fund (ETF) designed to monitor ether futures as it seeks approval from the Securities and Exchange Commission […]
U.S. SEC Alleges Binance.US in $250M Suspicious Fund Transfers
The U.S. Securities and Exchange Commission (SEC) has expressed concerns about Binance’s questionable fund transfers, according to court records. In publicly released court documents , the SEC reported that on June 6, Binance CEO Changpeng Zhao withdrew $250 million from Binance.US Subsidiary BAM Management and subsequently transferred this sum to BAM Trading, the entity behind […]
Former Deutsche Bank Exec Admits Role in ‘R3 Crypto Fund’
For his part in the fraudulent cryptocurrency trading operation, Rashawn Russell faces up to 30 years in prison. An ex-investment banker at Deutsche Bank, previously charged earlier this year in connection with a fraudulent cryptocurrency trading scheme, has admitted guilt in committing investment fraud. He potentially faces a maximum prison sentence of 30 years. According […]
Hong Kong Crypto Scandal Investigation Sparks Controversy
Hong Kong is embroiled in a crypto controversy concentrated on an investigation into the activities of the cryptocurrency trading platform JPEX. Not only have arrests resulted from the situation, but it has also raised questions about the efficacy of the city’s regulatory framework for digital assets. Chief Executive John Lee verified that Hong Kong’s police […]
U.S. Judge Disputes SEC Access To Binance.US Software
The SEC lost its lawsuit against Binance.US, the cryptocurrency trading platform. U.S. Magistrate Judge Zia Faruqui denied the SEC’s request for quick access to Binance.US’s software . Since June, the SEC has been pursuing a case against Binance.US, its international counterpart Binance Holdings Ltd., and CEO Changpeng Zhao. Throughout this period, the regulator has encountered […]