Terraform Labs Files for Chapter 11 Bankruptcy Protection
Do Kwon’s Terraform Labs has initiated the process of Chapter 11 bankruptcy protection in the United States; the firm claims to have between $100 million and $500 million in estimated assets and liabilities. A January 21 filing with the United States Bankruptcy Court for the District of Delaware stated that the company had petitioned for […]
DTCC Lists Tickers for WisdomTree, VanEck Spot Bitcoin ETFs
Amid anticipation of US SEC approval, the WisdomTree and VanEck ETFs have been listed on the Depository Trust & Clearing Corporation (DTCC). The spot Bitcoin ETF applications have generated significant anticipation, with the Depository Trust & Clearing Corporation (DTCC) listing the ETFs of two of the eleven applicants, WisdomTree and VanEck, in advance of the […]
SEC reissues ‘FOMO’ warning as spot Bitcoin ETFs nears Approval
Social media users have noted that the regulator’s “no go to FOMO” warning coincides with increased anticipation regarding the approval of spot Bitcoin ETFs. Simply days before the expected approval of spot Bitcoin exchange-traded funds, the United States Securities and Exchange Commission (SEC) has reissued a warning regarding FOMO investing in cryptocurrencies. The SEC’s Office of […]
U.S. Representative Introduce Crypto Oversight Bill
U.S. Representative Don Beyer introduced the Off-Chain Digital Commodity Transaction Reporting Act. This legislation protects investors from market manipulation, conflicts, and fraud. According to the new plan, every trading platform must record all transactions in a repository registered with the Commodity Futures Trading Commission (CFTC). Senator Beyer said: “As consumers increasingly turn to large digital […]
U.S. SEC Quickens Launch of Ethereum Futures ETFs
Before the government shut down, the U.S. Securities and Exchange Commission (SEC) hastened the release of Exchange-Traded Funds (ETF). The Exchange-Traded Funds (ETF) launch is being accelerated by the U.S. Securities and Exchange Commission (SEC) before a potential U.S. government shutdown. According to Bloomberg analysts, the Valkyrie Bitcoin and Ether ETF could go live next […]