SEC’s Whistleblower Program Awards $1.1 Million
The US Securities and Exchange Commission (SEC) has spent an additional $1.1 million to award 5 Whistleblowers for providing vital information leading to an investigation. Based on a press release, the awardees provided important information for the SEC, leading to multiple
Bitgo Fined For Servicing Sanctioned Users
A recent announcement published by the U.S. Department of the Treasury revealed that the OFAC (Office of Foreign Assets Control) fined crypto platform Bitgo. The fine comes after Bitgo allowed users from sanctioned countries to use its crypto wallet services,
VanEck Returns to SEC With Another Bitcoin ETF Proposal
The U.S. SEC received another application for a Bitcoin ETF from VanEck. This is not VanEck’s first go round with the SEC, as we reported previously, the SEC postponed a decision on an earlier application, which was eventually withdrawn by
Crypto Index Fund Now Offered On US OTC Market
A leading crypto fund manager Bitwise Asset Management announced that its Crypto Index Fund shares will be available for trading for American investors from today. The fund manager started with $120 Million in assets under management. For the first time, there
U.S. & Saudi Arabia Moving Differently Regarding Crypto
After years of denying its citizens access to the cryptocurrency, Saudi Arabia has fully legalized the trading and selling of Bitcoin between its citizens (though banks are still prohibited from accessing it). This comes after the country banned the trading of
Valour Lists 2 Bitcoin ETPs
On December 8, Swiss firm Valour will list two Bitcoin ETPs on Nordic Growth Market, according to a recent report. One ETP will be quoted on EUR while the other will be on SEK. With the two listings about to
CME Becomes Largest Bitcoin Futures Market
Buoyed by rising institutional demand, the Chicago Mercantile Exchange (CME Group) has become the largest Bitcoin futures market. The exchange started offering Bitcoin futures products three years ago. However, since its launch, crypto derivatives demand has risen tremendously. Last month,
Will Bitcoin Reach Its Previous Highs By Year End?
It is clear that Bitcoin has been on a bullish uptrend for the past year and its value has risen nearly 5x since March. This had led many traditional investors to wonder if now is the time to hop in
China Construction Bank Tokenizes $3 Billion in US Debt
Invest ETH On The Blockchain We’ve seen blockchain technology usher in some amazing things, especially when compared to traditional financial options. The meteoric rise of Decentralized Finance (DeFi) now allows for investor to garner almost unheard of gains. Now, even traditional banks
$24 Million In Crypto Seized By Government Officials
The U.S. Department of Justice has confiscated cryptocurrency worth of $24 Million from a Brazilian crime cartel on behalf of the Brazilian Government. The cartel has garnered about $200 Million from their fraudulent activities which including scamming their victims. In one