Registrations for DeFi and physically-backed Bitcoin ETF are being submitted to the SEC
The Securities and Exchange Commission (SEC) has received two registration statements from crypto businesses requesting approval to market exchange-traded funds (ETF) related to Bitcoin (BTC) and decentralized financing (DeFi). Invesco, an Atlanta-based investment firm, teamed up with Galaxy Digital Funds in New York to file and register the Invesco Galaxy Bitcoin ETF, a trust with […]
Bloomberg commodity strategist predicts Bitcoin ETF approval in the US next month
Mike McGlone, a Bloomberg Intelligence commodity strategist, expects the US Securities and Exchange Commission (SEC) will approve the country’s first Bitcoin ETF next month. McGlone claimed that Canada is increasing a competitive edge over the US after licensing Bitcoin ETFs from 3iQ and Coinshares in April in an interview with Stansberry Investor host Daniela Cambone […]
Bitcoin falls below $40k for the first time in six weeks
While several analysts believe Bitcoin will reach six figures if support at $40,000 can be maintained, some believe a bear cycle is on the horizon. It is the first time in six weeks that the price of Bitcoin has fallen below $40,000 USD. At the time of writing, bitcoin prices had fallen by 16 percent from […]
SEC chairman Gary Gensler compares stablecoins to casino poker chips
Gary Gensler, the chairman of the United States Securities and Exchange Commission, (SEC), has expanded on his “Wild West” analogy for cryptocurrencies, calling stablecoins “instruments for gambling at old-timey casinos.” Gensler told Washington Post columnist David Ignatius on Tuesday that most crypto projects dealt with securities that came under the SEC’s regulatory ambit, while others […]
Talk of SEC subpoenas rises at New York crypto event as regulatory monitoring grows
An attendee tweeted Monday morning, amid the hustle and bustle of the Mainnet 2021 crypto conference in New York, that he had seen an event speaker getting “served by the SEC” before they were supposed to take the stage. The article sparked conjecture regarding the legitimacy of the story, the recipient of the supposed subpoena, […]