The United States Bankruptcy Court for the Southern District of New York has granted permission for Celsius debtors to exchange their altcoins for Bitcoin and Ether, effective immediately. This decision, issued by bankruptcy judge Martin Glenn on June 30th, not only facilitates the distribution of funds to creditors in the near future but also aligns
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Fidelity Investments has resubmitted its application for a Bitcoin exchange-traded fund (ETF) called Wise Origin Bitcoin Trust. The initial application was filed in 2021 but was rejected by the SEC in January 2022, along with other applications for spot Bitcoin ETFs. Despite this, the recent approval of BlackRock’s spot Bitcoin ETF has sparked renewed interest
In a recent interview, Elliot Johnson of Evolve ETFs, a Canadian investment firm that manages the EBIT spot Bitcoin ETF, discussed the crucial factor that could lead to BlackRock’s success in obtaining its Bitcoin ETF. Johnson emphasized the importance of BlackRock’s surveillance agreement, which sets it apart from other filings. According to Johnson, the distinctive
A federal court has ruled that Micahel Ackerman, a former New York Stock Exchange (NYSE) broker, must pay $54 million in penalties for orchestrating a cryptocurrency fraud scheme. The Commodity Futures Trading Commission (CFTC) announced this decision, revealing that Ackerman has also been banned from trading in any markets supervised by the financial watchdog. Ackerman
Binance co-founder and senior executive, Yi He, has broken her silence amidst lawsuits from two major United States market regulators. In a recent interview with Bloomberg in Dubai, she defended Binance’s commitment to regulatory compliance, claiming that the company surpasses other global crypto platforms in this regard. The Commodities and Futures Trading Commission (CFTC) filed
The Blockchain Association has called for Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), to recuse himself from regulatory proceedings due to allegations of “clear bias” against the cryptocurrency industry. In a statement written by Senior Counsel Marisa Coppel, it is argued that Gensler’s statements declaring all cryptocurrencies, except Bitcoin, to
CME Group, a leading platform for trading derivatives, has announced its plans to launch Ether/Bitcoin ratio futures in the near future, subject to regulatory approval. The company intends to introduce its BTC/ETH ratio futures product on July 31, 2023. This type of futures contract involves an underlying asset that represents a ratio between two different
Revolut, a prominent fintech firm from the UK, has recently informed its U.S.-based users via email that it will no longer provide support for three major cryptocurrencies. The announcement states that Cardano (ADA), Polygon (MATIC), and Solana (SOL) will no longer be available for purchase through the Revolut app, effective immediately. Furthermore, users will eventually
A recent survey conducted by French payroll software provider Payfit has revealed that 20% of French workers are interested in receiving all or part of their salaries in cryptocurrency. The survey, reported by French media outlet Cointribune, found that a significant portion of respondents preferred receiving remuneration in crypto rather than fiat currencies. Interestingly, the
The XRP price has experienced a slight dip of 0.5% in the past 24 hours, reaching $0.475928. This decrease is part of a broader trend affecting the entire cryptocurrency market during the same timeframe. Over the course of a week, XRP has fallen by 4%, and in the past two weeks, it has experienced a
