SEC-registered crypto issuer INX to wrap up IPO in April
INX has been accepting cryptocurrencies like Bitcoin and Ether for its SEC-approved security token IPO since September 2020. Go to Source Powered by WPeMatico
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Nexo faces lawsuit for liquidating $5m in client collateral amid XRP delisting
Crypto lending platform Nexo has been accused causing $5 million worth of client liquidations after suspending the use of XRP as collateral without warning in December. Go to Source Powered by WPeMatico
Grayscale Reveals Intentions to Convert the Firm’s Bitcoin Trust Into an ETF
On Monday, the digital currency asset manager Grayscale Investments announced intentions to file for a bitcoin exchange-traded fund (ETF) when permissible. The subsidiary of Digital Currency Group (DCG) says in regard to its crypto trust products that it always been the company’s intention “to convert these products into an ETF.” Transforming Grayscale’s $34 Billion Bitcoin … Read more
GME drops 14% as GameStop announces plans to sell up to 3.5M shares
After skyrocketing above $370 following the Reddit-driven short squeeze, GameStop shares are now trading at around $160. Go to Source Powered by WPeMatico
Former SEC chair Jay Clayton tips new Bitcoin regulations are coming
The former SEC chairman warns that regulation will come both directly and indirectly. Go to Source Powered by WPeMatico
Morgan Stanley adds Bitcoin exposure to 12 investment funds
Bitcoin exposure has been added to the end of “Other Securities and Investment Strategies” sections for a dozen investment funds. Go to Source Powered by WPeMatico
Thai SEC says investors should have crypto trading experience
Secretary-general Ruenvadee Suwanmongkol said the commission will be offering a free training course for investors who have no experience trading in cryptocurrencies. Go to Source Powered by WPeMatico
Prometheum and Anchorage set to launch alternative cryptocurrency trading system
The alternative trading system, PEATS, is vying to become a FINRA and SEC-regulated platform. Go to Source Powered by WPeMatico
LBRY fires back at SEC over ‘aggressive and disastrous’ securities complaint
LBRY is in the SEC’s firing line for selling unregistered securities. It claims the case could set a precedent that would affect much of the industry. Go to Source Powered by WPeMatico
Powers On… Why the SEC is not your friend (and how to deal with that)
A former SEC attorney argues that Ripple’s Brad Garlinghouse and Chris Larsen are being asked for documents that seem to demonstrate significant overreach. Go to Source Powered by WPeMatico