New Jersey postpones effective date of cease-and-desist order for BlockFi until December
An extension to a New Jersey cease-and-desist order for new interest accounts at crypto lender BlockFi will take effect on December 1, according to a statement released by the company on Wednesday. According to BlockFi , the New Jersey Bureau of Securities has approved the third extension of its cease-and-desist order, marking the third time […]
SEC denies Ripple’s request for documents on ‘trading policies governing digital assets’
Despite what appeared to be an apparent victory for the SEC, Ripple’s request for records detailing the watchdogs’ “trading policies governing digital assets” was denied by Judge Sarah Netburn. It was stated in the ruling provided by attorney James K. Filan that the defendants were not permitted to obtain access to documents that would prove […]
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 […]