Trick of the trade: Is SEC helping or reining in Bitcoin with ETF?
Top blockchain and cryptocurrency news: Bitcoin grows up. Facebook’s metaverse journey. China’s crypto investors find a workaround.
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SEC calls Ripple’s 30,000 legal requests in XRP lawsuit ‘abusive’ and ‘crushing’
But Ripple says its 5,000 pages of requests for admission to SEC are reasonable and could cut down on trial time.
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Taiwanese fintech startup XREX collaborates with TRM Labs to ramp up security
XREX Inc., a Taipei-headquartered crypto-fiat exchange and trade technology platform, today announced a partnership with TRM Labs, a blockchain intelligence provider, to ramp up its platform’s security and enhance its ability to combat fraud and suspicious activities. Fast facts XREX said in a statement it has put to use the risk management tools developed by…
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Australian Securities Exchange to launch crypto-related ETF
Hot on the heels of a similar exchange-traded fund being approved in the U.S., the Australian Securities Exchange is close to launching the “BetaShares Crypto Innovators ETF,” which will grant exposure to global companies working in the digital asset space, according to the Financial Review. Fast facts Using the ticker “CRYP,” the ETF aims to…
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SEC approves next best thing to a Bitcoin ETF in the U.S.
Editor’s Note On October 8, 2021, a Forkast.News article was published with the inaccurate SEO headline “Bitcoin Futures ETF Approved By SEC.” One of our readers rightfully identified this mistake. We have made the correction, and we apologize. Serving the community is our top priority, and Forkast.News would like to thank @scottmelker for bringing it…
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India gets second crypto unicorn within two months
Indian crypto exchange CoinSwitch Kuber has become the country’s second crypto unicorn after raising US$260 million in a Series C funding round, the startup announced. Fast facts The latest funding round drew in marquee investors — it was led by Coinbase Ventures and Andreessen Horowitz (a16z). Existing investors Sequoia, Paradigm, Ribbit and Tiger Global also participated…
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Judge makes XRP holders ‘friends of court’ in SEC’s lawsuit against Ripple
A US court has denied XRP holders’ bid to join the SEC v. Ripple lawsuit as third-party defendants, but XRP advocates say being ‘amici curiae’ is still a win.
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SEC chair Gensler: No plans to ban crypto, says it’s ‘up to Congress’
The U.S. Securities and Exchange Commission has no plans to ban cryptocurrencies, chair Gary Gensler said during a congressional hearing on Tuesday. He added that any decision to ban crypto is “up to Congress.” Fast facts Gensler responded to Rep. Ted Budd’s question about whether the U.S. plans to ban crypto along the lines of…
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Bitcoin funds lead 7th consecutive week of inflows: CoinShares data
Bitcoin investment products saw inflows of US$69 million last week amid improving investor sentiment, according to digital assets fund manager CoinShares. Fast facts “We believe this decisive turnaround in sentiment is due to growing confidence in the asset class amongst investors and more accommodative statements from the U.S. Securities [and] Exchange Commission and the Federal…
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Crypto funds see 6th consecutive week of inflows led by Bitcoin: CoinShares data
Cryptocurrency investment products saw inflows of US$95 million last week, with total inflows over the past six weeks of US$320 million, according to digital assets fund manager CoinShares. Fast facts “The continued inflows suggest the recent headwinds for digital assets, such as the widened China ban, were seen as buying opportunities for investors,” wrote CoinShares…