Tag: “Crypto”

Grayscale Investments won in court, and now it wants the Securities and Exchange Commission to move quickly to let it convert the Grayscale Bitcoin Trust +0.38%  into an exchange-traded fund.

The U.S. Court of Appeals for the D.C. Circuit sided with Grayscale in a lawsuit against the SEC, greatly improving the chances that a bitcoin exchange traded fund will be approved. The SEC had earlier denied Grayscale’s application to convert its Grayscale Bitcoin Trust to an ETF.

Ripple is confident that U.S. banks will start wanting to use XRP for cross-border transactions after a judge gave the firm a partial victory in its fight against the SEC, General Counsel Stu Alderoty told CNBC.

Bitcoin BTCUSD –0.68% was gaining Friday, but smaller cryptocurrencies stole the show after a federal judge delivered token issuer Ripple a partial win in a case against the Securities and Exchange Commission with broad implications for crypto.

Bitcoin climbed beyond $28,000 for the first time this month on the tailwind from BlackRock Inc.’s application to start a US exchange-traded fund.

Cryptocurrency prices fell after the Federal Reserve’s June meeting, with bitcoin falling below $25,000 for the first time since March.

Britain’s advertising regulator has banned an ad campaign promoting the green initiatives of Shell, saying the marketing of the oil giant’s lower emissions energy products was “likely to mislead” consumers.

High-growth investor Cathie Wood is increasing her fund’s stake in Coinbase COIN after the crypto exchange was sued by the Securities and Exchange Commission this week.

The Securities and Exchange Commission sued crypto exchange Coinbase in New York federal court on Tuesday morning, alleging that the company was acting as an unregistered broker and exchange and demanding that the company be “permanently restrained and enjoined” from continuing to do so.

The Securities and Exchange Commission filed 13 charges against Binance, the world’s largest crypto exchange, and its founder, Changpeng Zhao, alleging both comingled billions of dollars worth of user funds and sent them to a European company controlled by Zhao.

Consumer tech giant Samsung is looking into launching a central bank digital currency in a collaboration with the Bank of Korea.

European Union states gave the final nod to the world’s first comprehensive set of rules to regulate crypto assets on Tuesday.