Binance.US Under SEC Scrutiny for Alleged Non-Compliance
According to the U.S. Securities and Exchange Commission (SEC), Binance.US has failed to reply to significant questions concerning customer assets and other crucial facets of an ongoing inquiry. In a joint status report submitted to a Washington, D.C. District Court on March 5, the SEC voiced concerns that BAM Trading Services , the company that […]
BlackRock CEO Teases Feasibility of an XRP ETF
Asset management company BlackRock is piqueing interest in the cryptocurrency community by making vague references to the possible introduction of an exchange-traded fund (ETF) based on XRP. Though the company hasn’t formally announced its intent to file for an instant spot XRP ETF, rumors have increased in response to CEO Larry Fink’s cryptic remarks and […]
SEC Fines VanEck $1.75M Over ETF Influencer Promotion
Renowned financial adviser Van Eck Associates Corporation faces a large $1.75 million civil penalty from the U.S. Securities and Exchange Commission (SEC). The SEC revealed on February 16th that Van Eck failed to adequately disclose that a well-known social media celebrity was involved in the product’s marketing during the 2021 launch of the VanEck Social […]
Bakkt Receives Green Light for $150M Securities Sale
Bakkt said in a statement that it has been given authorization to fund $150 million through the sale of its securities in one or more offers spread over a three-year period. This follows the company’s statement to the Securities and Exchange Commission (SEC) last week, expressing worries regarding its balance sheet. Bakkt’s assertion: “Bakkt believes […]
Europe Leads Ethereum ETF Market with $4.6B AUM
Europe and Canada already have billions of dollars worth of spot and futures Ethereum-related products, while U.S. regulators are still debating spot Ethereum ETFs. Europe has an 81.4% market share in the worldwide Ethereum (ETH) ETF market, according to a Coingecko report. There are thirteen ETFs in the space with ETH backing, distributed among futures […]