Tag: SEC

August 9, 2022

Coinbase reports $1.10B loss in Q2 as assets on exchange slump. Coinbase Global’s Q2 results show that the digital currency exchange posted a net loss of $1.10 billion for the period. That compares with a loss of $430 million in the first quarter and net income of $1.61 billion in the second quarter of 2021. […]

May 27, 2022

SEC has denied One River’s proposal for a spot Bitcoin ETF Like many ETF proposals before it, the proposed environmentally aware spot ETF was determined to be insufficiently safeguarded against fraud and manipulation. The US Securities and Exchange Commission (SEC) maintained its perfect record of rejecting Bitcoin (BTC) spot exchange-traded fund (ETF) applications on Friday, […]

April 7, 2022

ProShares signs with Securities and Exchange Commission for Short Bitcoin Strategy ETF The exchange-traded account will be based on everyday investment outcomes conforming to the inverse of the retrieval of the CME Bitcoin Futures Contracts Index for a day. Exchange-traded funds or EFTs issuer ProShares has documented an enrollment statement with the U.S Securities and […]

March 1, 2022

  BitConnect founder, Satish Kumbhani is being unlawfully accused of rating funds and duping American investors of around $2 billion. He was accused by the U.S Department of Justice of a $2.4 billion Ponzi scheme. The court said the Securities and Exchange Commission said that the location of Kumbhani is still unknown. The SEC said […]

February 23, 2022

As the U.S. Securities and Exchange Commission is contemplating whether to authorize or refute Asset manager Grayscale’s application for a Bitcoin spot Exchange-Traded Fund (ETF), the corporation has called on American investors to submit comments to the controller. In a recent Twitter thread, the CEO of Grayscale, Michael Sonnenshein declared that the launch of a […]