Key takeaways: In a recent development, defunct cryptocurrency exchange FTX has reportedly offloaded nearly $1 billion worth of shares in Grayscale’s GBTC fund since the launch of the firm’s instrument as a spot bitcoin ETF. According to CoinDesk, which cited…
Key takeaways: In a recent development, US authorities are reportedly investigating B. Riley Financial Inc.’s transactions with a key client who has alleged connections to securities fraud. The investigation revolves around the use of the client’s assets to secure a…
key takeaways: Circle, a leading global financial technology company, has recently introduced a groundbreaking product to the cryptocurrency industry. The company has launched a wallet-as-a-service platform, revolutionizing the way individuals and businesses store, manage, and transact with digital assets. Circle…
Key takeaways: In a significant announcement at the World Economic Forum in Davos, Switzerland, Ripple CEO Brad Garlinghouse disclosed that the company is considering going public through an initial public offering (IPO) but outside the United States. The decision to…
Key takeaways: In an unexpected turn of events, the legal dispute surrounding the insolvency of cryptocurrency exchange FTX has taken a new twist, with Joseph Bankman and Barbara Fried, the parents of former CEO Sam Bankman-Fried, seeking the dismissal of…
key takeaways: The legal saga between Gemini, the cryptocurrency exchange founded by the Winklevoss twins, and Digital Currency Group (DCG), a prominent investment firm, has reached a pivotal moment. In a stunning move, Gemini has made a final offer, demanding…
key takeaways: The ongoing debate surrounding the classification of cryptocurrencies as securities has been a topic of great interest and contention within the financial industry. Recently, Bittrex, one of the leading cryptocurrency exchanges, has come forward to object to the…
Key takeaways: In a recent statement, Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), responded to the unauthorized access to the SEC’s official Twitter account, @SECGov X (formerly Twitter). The incident involved an unauthorized party gaining…
key takeaways: In a twist of events that has captured the attention of the online community, Logan Paul’s promised $1.9 million refund remains pending, leaving many questioning the credibility of the popular YouTube personality. The refund was initially announced by…
Key Takeaways: In a surprising development, two major players in South Korea’s financial landscape, Samsung Securities and Mirae Asset Securities, have opted to suspend brokerage services for specific Bitcoin exchange-traded funds (ETFs). This development comes shortly after a decade-long tussle…
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