The post Paradigm Accuses SEC of Overstepping in Binance Lawsuit: Report appeared first on Coinpedia Fintech News
Crypto venture capital firm Paradigm has accused the US Securities and Exchange Commission (SEC) of overstepping its authority and trying to “change the law while circumventing the rulemaking process” in the ongoing lawsuit against Binance. The SEC sued Binance in June, alleging that it had violated securities laws by not being registered as an exchange, …
The post SEC Delays ETF Decisions Amidst Shutdown Prediction! appeared first on Coinpedia Fintech News
New York Digital Investment Group (NYDIG) has predicted that the US government shutdown could last anywhere from one to 35 days, leading the SEC to delay decisions on most ETFs. The SEC will need to decide on bitcoin spot ETFs before January 10, 2024. However, the Commission may take a consistent approach to all ETFs, …
The post Co-Founder of Failed Crypto Hedge Fund Apprehended at Changi Airport! appeared first on Coinpedia Fintech News
ZHU Su, one of the co-founders of Three Arrows Capital, a cryptocurrency hedge fund that failed earlier this year, has been apprehended at Changi Airport in Singapore. He was reportedly trying to leave the country on Friday afternoon. The reason for his apprehension is not yet clear, but it is speculated to be related to …
The post Bitwise’s Bitcoin & Ethereum ETF May Launch Next Week, Says Bloomberg! appeared first on Coinpedia Fintech News
Crypto investment firm Bitwise is reportedly gearing up to launch its Equal Weight Bitcoin and Ethereum Futures Exchange-Traded Fund (ETF) next week. This follows the company’s submission of an updated prospectus for the ETF to the regulators. With an expense ratio of 0.85% and the ticker symbol BTOP, Bitwise’s ETF joins VanEck’s fund, which is …
The post CommEX Denies Binance Ownership in Russian Business Takeover! appeared first on Coinpedia Fintech News
CommEX, the company that has taken over Binance’s Russian business, has issued a statement clarifying that it is not affiliated with the world’s largest cryptocurrency exchange. Although it cannot disclose the ultimate beneficial owner, the company has made it clear that it doesn’t belong to Binance. CommEX has been working on developing its platform for …
The post Fireblocks Acquires BlockFold for $10 Million to Expand Tokenization Capabilities! appeared first on Coinpedia Fintech News
Crypto custody tech company Fireblocks has acquired tokenization firm BlockFold for an undisclosed amount, although sources suggest the figure is $10 million, to expand its capabilities in tokenization. The move will allow traditional assets to be traded on the blockchain, including token customization, orchestration, distribution, and advisory. According to Boston Consulting Group, the market for …
The post Ripple Drops Acquisition of Fortress Trust, Will Continue Collaboration! appeared first on Coinpedia Fintech News
Ripple will no longer proceed with the acquisition of Fortress Trust, according to CEO Brad Garlinghouse. The decision came after the signing of a letter of intent three weeks earlier. Although Garlinghouse did not give a specific reason as to why the acquisition was dropped, Ripple will remain invested in the company. Ripple previously acknowledged …
The post SEC Delays Decision on Proposed Bitcoin ETFs! appeared first on Coinpedia Fintech News
The US Securities and Exchange Commission (SEC) has announced additional proceedings to determine whether proposed spot bitcoin exchange-traded funds (ETFs) from BlackRock, Invesco, Valkyrie, and Bitwise should be approved. In letters regarding the Valkyrie Bitcoin Fund, the SEC asked for input from supporters and opponents of the proposals in an apparent delay to approvals for …
The post Coinbase Granted Regulatory Approval for International Perpetual Futures Trading! appeared first on Coinpedia Fintech News
Coinbase International Exchange has been granted regulatory approval by Bermuda’s financial regulator to enable non-US retail customers to trade perpetual futures. Eligible customers will soon have access to perpetual futures contracts on Coinbase Advanced. The company has been seeking to expand globally and announced its international exchange earlier this year. Perpetual futures is a derivative …
The post PayPal Seeks Patent for NFT Trading and Transfer! appeared first on Coinpedia Fintech News
Digital payments giant PayPal has filed a patent application for a system that would enable the transfer and trading of non-fungible tokens (NFTs) within its network. The company’s application would allow users to buy and sell NFTs using fiat currency or other cryptocurrencies directly on PayPal’s platform. This move comes as the popularity of NFTs …
