Grayscale Bitcoin Trust assets have increased by 283 % thanks to First Midwest Bank Trust Division
According to a report filed with the Securities and Exchange Commission (SEC) for the second quarter of 2021, the bank’s trust division held 29,498 shares in Grayscale’s Bitcoin Trust, which was worth more than $880,000. First Midwest Bank’s trust division revealed that it owns 29,498 shares in Grayscale’s Bitcoin Trust as of the second quarter […]
Elizabeth Warren Calls Upon SEC to Regulate Crypto Market
While there are crypto advocates such as Sen. Cynthia Lummis, there is also Bitcoin critic US Senator Elizabeth Warren who has written to SEC Chief Gary Gensler to regulate the market and protect people from crypto scams. Senator Elizabeth Warren of Massachusetts, a vocal critic of Bitcoin, has written to Securities and Exchange Commission (SEC) […]
New York State Fines Robinhood Crypto $15M Over Security And Anti-money Laundering Issues
The $15 million fine imposed by the state of New York is the latest in a string of fines levied on Robinhood. It also emphasises the regulatory danger of working in the cryptocurrency space. Robinhood has set aside $15 million to settle a legal dispute with the New York State Department of Financial Services (NYDFS) […]
SEC Commissioner expects the Bitcoin ETF to be a Reality already
SEC commissioner Hester Peirce has expressed her concerns about the regulatory body’s delay in the Bitcoin ETFs, she also stated that the SEC has shown double standards towards the Bitcoin ETF proposals. The Republican SEC commissioner, Hester Pierce, argued against the Securities and Exchange Commission’s (SEC) previous denials of clearance for a Bitcoin ETF. Bitcoin, […]
SEC Postpones Its Ruling On The Valkyrie Bitcoin ETF
In January, Valkyrie Digital Assets filed an application with the Securities and Exchange Commission to launch its Bitcoin ETF on the New York Stock Exchange. The Securities and Exchange Commission of the United States has postponed its judgment with whether or not to approve a Bitcoin (BTC) exchange-traded fund . After hearing comments on the […]