Spot Bitcoin ETF approval ‘still happening’ by Jan. 10, analysts say
The U.S. SEC might not be comfortable with BlackRock’s “prime execution agent” change in its new spot Bitcoin ETF update, but analysts still expect approvals in early January.
The U.S. SEC might not be comfortable with BlackRock’s “prime execution agent” change in its new spot Bitcoin ETF update, but analysts still expect approvals in early January.
Thirty companies were granted virtual asset service provider licenses in the country during 2023.
While some worried the recommendations in the IOSCO report could “kill” DeFi, Apollo Crypto’s Matthew Harcourt says it poses no “existential risk” to decentralized finance.
According to Cointelegraph: The financial turbulence surrounding embattled Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) continues. A court in the British Virgin Islands has recently frozen over $1.14 billion of assets owned by 3AC co-founders Su Zhu and Kyle Davies, marking another significant development in the firm's bankruptcy chronicles. This leading-edge legal action bars the 3AC co-founders from transferring or selling their assets and has also implicated assets owned by Davies' wife, Kelly Chen, according to Teneo, the firm's liquidator, and as reported by Bloomberg on December 21. Teneo, in its capacity as the appointed liquidator, placed the total debt owed to 3AC creditors at approximately $3.3 billion, following the fund’s disastrous 2022 collapse. The global freezing injunction coincides with allegations that the co-founders should bear responsibility for causing "3AC’s position to deteriorate by an amount equivalent to the value of the freezing orders sought." The liquidator further pointed out that Zhu and Davies are also subjects of a domestic asset freeze ordered by the Singapore Court. Established in 2012, 3AC was once counted among the largest global crypto hedge funds before it found itself unable to meet margin calls from its lenders and had to file for bankruptcy in the midst of the 2022 crypto bear market. Zhu was detained in Singapore in September 2023 for reportedly trying to depart the country following a local court sentencing him to a four-month prison term. Davies who, like Zhu, had also received an imprisonment order, is reportedly still at large. The Singaporean central bank has banned both co-founders from conducting regulated activities for the next nine years. The Chapter 15 bankruptcy filing of 3AC occurred in July last year after the downfall of stablecoin issuer Terra led to irreversible damages. Teneo is pursuing $1.3 billion, extending the freeze order to Ms. Kelly Chen as well, in a bid to maximize returns to creditors whose claims surpass $3 billion. Teneo indicated the order's objective is to prevent the founders and Chen from disposing of or dealing with their assets in a way that might hinder eventual enforcement by the liquidators.
NEW YORK, December 21, 2023--BlackRock, Inc. (NYSE: BLK) today announced its plans to implement stock splits for the ETFs listed below. These splits will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by the share split.
Options are financial derivatives that provide traders with the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a predetermined price (strike ...
Diana Mondino announced the news on X on Dec. 21 following a decree by the Argentine government.
The SEC charged Terraform Labs and co-founder Do Kwon with allegedly “orchestrating a multi-billion dollar crypto asset securities fraud” in February.
UAE’s Financial Services Regulatory Authority has updated its AML and sanctions rules with new elements related to digital assets.
The survey shows over 50% of federal agencies use blockchain analytics tools, but only 11% of state agencies.