SEC

Why investors are not entirely sold on investing in a Bitcoin futures ETF

With two Bitcoin futures ETFs set to make market debut, let’s dive deep into the cost associated with owning these contracts. ProShares Bitcoin futures ETF is reportedly set to go live on 18 October, likely followed by Invesco’s ETF on the next day on 19 October.  We know that there are additional costs associated with an ETF. Apart from a brokerage commission, analysts are anticipating a higher expense ratio with these traded funds. As the filing by ProShares marks an annual operating expense of 0.95%, an investor will essentially spend

Ripple’s Use Case Stand Out While Others Remain Speculative

Regulation News Ripple and SEC legal talks continue. XRP provides great cross border payments. The Securities and Exchange Commission (SEC) and Ripple (XRP) legal talks in the US continue to heat up. As a result, these issues have become one of the most talked-about topics in the crypto world. Recently, the CEO of Ripple, Brad Garlinghouse, insisted that the SEC has provided no clarity in crypto regulation and has lost sight of its mission to protect investors. Despite this ongoing heated debate between SEC and Ripple, XRP continues to provide

Nick Colas Says Coinbase CEO Made A “Rookie Mistake” By Calling Out SEC

Coinbase News A few days ago, Coinbase’s CEO called out SEC for its “sketchy” behavior. This, according to Datatek Co-founder Nick Colas, was a “rookie mistake.” He says, he hopes Coinbase “has learned or will learn its lessons shortly.” In aninterview with Bloomberg Markets and Finance, Datatek Research Co-founder, Nick Colas mentioned Coinbase’s recent action towards SEC. Colas says it was a “rookie mistake for a CEO to go to war with SEC.” To recall, Coinbase CEO, Brian Armstrong, called out SEC for its “really sketchy behavior.” He explained this

Japan’s Rakuten Wallet to resume XRP margin trading next week

While Ripple Labs and XRP continue to face scrutiny in the U.S, other countries and agencies might soon look at the latter more favorably. Rakuten Wallet, operated by one of Japan’s leading e-commerce portals, has just announced the resumption of XRP trading on its platform. Rakuten’s crypto-arm had discontinued services related to XRP in December last year following concerns arising from the SEC’s lawsuit in the U.S. At the time, the company had claimed that they were unsure if XRP’s liquidity could be secured. The entity had also raised concerns

SEC can collect unpaid ICO promotion fines from Steven Seagal, says judge

advertisement Actor Steven Seagal owes the U.S. Securities and Exchange Commission unpaid fines stemming from a settlement related to the promotion of an initial coin offering -- and a U.S. judge has empowered the agency to seek collection. According to Bloomberg, Seagal owes more than $200,000. As previously reported, Seagal settled with the agency after being accused of not disclosing payments related to his endorsement of the Bitcoiin ICO. As part of the deal, he was ordered to pay more than $300,000. Per the report, Seagal has paid the SEC

SEC Crypto Mom Greets Pro-Crypto Acting Chairman

SEC Commissioner Hester Price tweeted on Dec. 24 her congratulations to fellow commissioner Elad Roisman on his promotion. Congratulations, Chairman Roisman! I look forward to your leadership of the SEC.— Hester Peirce (@HesterPeirce) December 24, 2020 Securities and Exchange Commissioner (SEC) Roisman’s appointment is not official. The SEC and White House have not confirmed the fact. However, Commissioner Price, known to the crypto community as Crypto Mom, did tweet her greetings. Feat of Clayton at SEC The move comes a day after SEC Chairman Jay Clayton announced his immediate departure.