Genesis Global Trading, a cryptocurrency firm, has agreed to a settlement with the New York Department of Financial Services (NYDFS). As part of the settlement, the company has relinquished its right to operate within the state. The NYDFS has clarified that the settlement impacts Genesis Global Trading, which is a separate entity from Genesis Global […]
Genesis Global Trading, a subsidiary of Digital Currency Group, has been ordered to pay an $8 million fine and surrender its BitLicense, according to the New York Department of Financial Services (NYDFS). The penalty comes as a result of significant failings in the crypto platform’s anti-money laundering and cybersecurity programs, as revealed by NYDFS investigations.Superintendent […]
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), has acknowledged the significance of Grayscale’s court victory in the approval of spot Bitcoin exchange-traded funds (ETFs). Despite the SEC’s history of denying similar applications since 2013, Gensler revealed in an interview with CNBC’s Squawk Box that the court’s decision in favor of Grayscale […]
The U.S. Securities and Exchange Commission (SEC) recently approved the first spot-based Bitcoin Exchange-Traded Funds (ETFs), marking a significant milestone in the cryptocurrency industry. The approval came after a decade-long wait since the first application by the Winklevoss twins. The anticipation was high, and the first trading day did not disappoint, with fund shares worth […]
Vanguard Group, a prominent American investment management company, is currently under fire for reportedly denying customers’ requests to access and trade Spot Bitcoin ETFs on its platform. This decision has led to a mass exodus of customers, with many choosing to withdraw their funds and close their accounts permanently.The recent approval of Spot Bitcoin ETFs […]
Wall Street veteran Anthony Scaramucci has expressed confidence that Bitcoin will surpass its all-time high price of $69,000, which it reached in November 2021. This prediction comes after the approval of the Bitcoin spot ETF by the SEC, which Scaramucci believes will lead to an influx of institutional investment into Bitcoin, pushing its value to […]
Despite the United States approving 11 spot bitcoin exchange-traded funds (ETFs) earlier this week, South Korea has reiterated its ban on crypto ETFs. The country’s financial institutions are prohibited from owning or buying crypto and investing in businesses offering crypto. The Financial Services Commission (FSC) of South Korea continues to restrict financial institutions from launching […]
Ethereum (ETH) is currently at a crucial point, with a potential bullish breakout predicted by esteemed crypto analyst Michaël van de Poppe. In a recent tweet, van de Poppe shared his insights, suggesting that Ethereum was nearing its 2022 low and was likely to gather liquidity at this point.He speculated that if a spot ETF […]
Cryptocurrency firm Genesis Global Trading has reached a settlement with the New York Department of Financial Services (NYDFS), resulting in the company relinquishing its operational rights in the state.As per an announcement made on January 12, Genesis has agreed to pay a hefty fine of $8 million to the NYDFS. In addition to this, the […]
Following the recent approval of several spot Bitcoin ETFs, there has been growing speculation about the future of other crypto ETFs, including Ripple. However, according to Bloomberg’s ETF analyst James Seyffart, it is unlikely that a spot Ripple exchange-traded fund (ETF) will be launched this year.In an interview with Thinking Crypto, Seyffart shared his perspective […]
