Kraken

On Jan. 10, the Securities and Exchange Commission (SEC) approved allowing 11 spot Bitcoin exchange-traded funds (ETFs) to trade on equity markets. The ETFs are expected to bring new investors into Bitcoin because there's a new way to access investment in the cryptocurrency.  Some of the...

After receiving dozens of applications, the Securities and Exchange Commission (SEC) finally gave the green light to 11 spot Bitcoin exchange-traded funds (ETFs) on Jan. 10. The decision is expected to bring new hype and investors into Bitcoin because it allows for a new, equity-based form of...

For the past several months, the main event in crypto has been the looming approval of spot Bitcoin exchange-traded funds (ETFs). The new ETFs have gone through a lengthy application process with the Securities and Exchange Commission (SEC), with several amendments, meetings and lengthy filings — a...

During the 2021 bull market, Solana saw incredible price gains. Going from $2 to an all-time high of $260 made many investors wealthy. When looking back at this run and attempting to pinpoint some of the causes, Sam Bankman-Fried's (SBF) name pops up.  SBF was an advocate for Solana, creating...

Kraken, one of the world's largest crypto exchanges, saw investors convert over $1 billion in Bitcoin to cash before a recent SEC Ruling on Bitcoin ETFs. Crypto investors withdrew over $1 billion worth of Bitcoin and converted it to cash on the Kraken exchange shortly before the Securities and...

During the 2021 bull market, Solana saw incredible price gains. Going from $2 to an all-time high of $260 made many investors wealthy. When looking back at this run and attempting to pinpoint some of the causes, Sam Bankman-Fried's (SBF) name pops up.  SBF was an advocate for Solana, creating...

Just before 2023 ended, ARK Invest CEO Cathie Wood sold all of the company's remaining Grayscale Bitcoin Trust (GBTC) holdings. The firm's Next Generation Internet Fund (ARKW) sold 2.25 million shares of GBTC and used some of those holdings to purchase 4.32 million shares of the ProShares Bitcoin...

The Financial Intelligence Unit of India (FIU IND) has taken a significant regulatory step by issuing compliance show cause notices to nine major offshore Virtual Digital Assets Service Providers (VDA SPs). These notices are in response to the entities' alleged failure to comply with India'...

In May 2022, the stablecoin TerraClassicUSD (USTC) plummeted over 99.9% because of a liquidity run after the token slightly lost its $1 peg.  The token used an algorithm to continuously buy and sell USTC as well as its native token TerraLuna (LUNA). But the algorithm was not prepared to handle...

Despite recent hype surrounding Bitcoin and spot exchange-traded funds (ETFs_, JPMorgan believes that Ethereum will outperform Bitcoin in 2024.  In a Dec. 13 report, JPMorgan analysts wrote, "We believe that next year Ethereum will reassert itself and recapture market share within the crypto...

The Securities and Exchange Commission (SEC) met with BlackRock Inc. on Monday to discuss the proposed rule to allow a spot Bitcoin exchange-traded fund (ETF). The SEC's trading and markets division also met with Grayscale Investments, the leading crypto asset manager, regarding its application....

Over the past month, FTX Token (FTT) has soared over 230% to $4.30.  On the surface, the price increase may not make sense. Former FTX CEO Sam Bankman-Fried was arrested in early 2023 on a slew of fraud and money laundering charges. FTX became insolvent and closed its doors. With this in mind...

If you were involved in crypto in 2022, you likely saw a handful of FTX Trading Ltd. branding and advertising. From patches on Major League Baseball (MLB) umpires to deals with global superstars such as NFL quarterback Tom Brady and pitcher Shohei Ohtani, FTX's logo was everywhere.  The...

In early November, Binance Holdings Ltd. was hit with $4.3 billion in penalties and forfeitures by the U.S. Justice Department. The fine was a result of several wrongdoings by the company, ranging from money laundering to aiding criminals and terrorist organizations.  Former Binance CEO...

Over the past six months, talks of spot Bitcoin exchange-traded funds (ETFs) have become increasingly prominent. With over a dozen applications filed from asset management companies such as BlackRock Inc. and Grayscale, the proposed ETFs are inching closer and closer to reality.  With talks...