A U.S. court has approved the previously announced settlement between crypto exchange Binance and the Commodity Futures Trading Commission (CFTC). Per a press release from the CFTC, the U.S. District Court for the Northern District of Illinois formalized the settlement between Binance and the CFTC, finding that the exchange and its former CEO Changpeng ‘CZ’ Zhao violated the Commodity Exchange…
7RCC, a company that “specializes in developing solutions for ESG-conscious investors,” has applied for a spot Bitcoin ETF that provides a carbon-neutral investment option in the crypto space. According to the application filed with the United States Securities and Exchange Commission (SEC), the ETF will focus on catering to investors who adhere to environmental, social, and governance (ESG) principles. Because…
ARK Invest, one of the applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, has continued to dump its holdings of Grayscale Bitcoin Trust (GBTC) stock with the sale of yet another significant batch of shares. On Dec. 18, ARK sold 809,441 GBTC from its ARK Next Generation Internet ETF (ARKW), according to a trade notification…
Major financial firms like JPMorgan and HSBC are ramping up their blockchain-related activities several months before 2024, accelerating the adoption of distributed ledger technology (DLT) within traditional finance. In November, there was a rise in activity among major financial institutions like JPMorgan and HSBC. On Nov. 3, JPMorgan executed its first decentralized finance (DeFi) trade on a public blockchain. The…
Major applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States are amending their filings to comply with the cash redemption model demanded by securities regulators. Investment manager BlackRock and Cathie Wood’s ARK Invest have updated their S-1 registration statements for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). Filed on Dec. 18,…
The artificial intelligence (AI) developer OpenAI has announced it will implement its “Preparedness Framework,” which includes creating a special team, to evaluate and predict risks. On Dec. 18, the company released a blog post saying that its new “Preparedness Team” will be the bridge that connects safety and policy teams working across OpenAI. It said these teams providing almost a…
Bitcoin (BTC) returned above $43,000 into Dec. 19 amid fresh news over the United States’ would-be first spot price exchange-traded fund (ETF). BTC/USD 1-hour chart. Source: TradingView Bitcoin ETF excitement still simmering Data from Cointelegraph Markets Pro and TradingView showed a BTC price recovery taking the market to local highs of $43,456 after the daily close. After starting the week…
The latest degen “gold rush” to inscribe everything from profile pictures to memecoins has led to at least half a dozen blockchain networks cracking under pressure over the past week. The last few days have seen Arbirtrum, Avalanche, Cronos, zkSync, and TON all suffering partial or full outages recently due to inscriptions, with modular data availability network Celestia the latest…
One of the largest producers of censorship-resistant blocks on Ethereum has made a complete u-turn, announcing it will start censoring OFAC-sanctioned blocks across all of its MEV relays in compliance with local laws. The firm, bloXroute Labs — which has produced at least 400,000 Ethereum blocks from its two leading Maximal Extraction Value (MEV) relays — made the announcement of…
The United States Securities and Exchange Commission is pushing back its decision on several Ether (ETH) exchange-traded funds (ETFs) to May 2024. In several Dec. 18 regulatory filings, the agency delayed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF. The Hashdex Ether ETF aims to hold both spot Ether and futures contracts, while Grayscale’s…
