Posts published on December 23, 2023 go to media archive

SEC ‘Deeply Regrets’ Errors in Case Against Crypto Firm But Tells Court Sanctions Are Not Warranted

The U.S. Securities and Exchange Commission (SEC) says that it “deeply regrets” the errors made in the case against crypto firm Debt Box after the court found that the agency made “materially false and misleading representations.”…

Former SEC Official Says Gary Gensler’s Legacy Could Be the Approval of Spot Bitcoin ETF

The U.S. Securities and Exchange Commission’s former head of internet enforcement, a crypto skeptic, now believes that the SEC is likely to approve a spot bitcoin exchange-traded fund (ETF). He further expressed that “the legacy of SEC Chair…

Blackrock Reveals Plan to Seed Spot Bitcoin ETF With $10 Million on January 3

Blackrock has revealed a plan to seed its spot bitcoin exchange-traded fund (ETF) with $10 million on Jan. 3. The world’s largest asset manager has engaged in six recent meetings with the U.S. Securities and Exchange Commission (SEC) to…

Bitcoin Miner Stronghold Secures $15 Million Equity Raise Amidst Hashrate Curtailment Challenges

In a recent disclosure, the publicly-listed bitcoin mining corporation Stronghold Digital Mining publicized its entry into a $15 million securities purchase agreement with an institutional investor. Furthermore, Stronghold elaborated that the…

Bitcoin Solidifies Lead Over Ethereum in 2023 — Dominates in Market Cap, NFT Sales, and Fee Generation

In the past year, the leading cryptocurrency, bitcoin, has eclipsed ethereum in multiple key areas. From the beginning of the year to date, the value of ether has diminished by 27.65% relative to bitcoin’s price, falling from 0.073 ether to…

Crypto Economy Swelled by $909 Billion This Year — INJ and KAS Lead 2023’s Explosive Growth

This year, the cryptocurrency market has seen a dramatic surge, ballooning from a modest $827 billion at December’s close in 2022, to a robust $1.736 trillion presently. In this period, numerous cryptocurrencies have experienced significant…

Coinbase Expands European Footprint With Approval to Operate in France

Crypto exchange Coinbase has received approval as a registered virtual asset service provider in France. “This registration allows Coinbase to operate in France, continuing our plans to grow across Europe,” the crypto platform detailed…