Tag: SEC

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SEC loses a battle to win the war? Ripple dissociates from pumping XRP

When the United States Securities and Exchange Commission filed legal action against Ripple Labs and its top-two executives in December, alleging that its XRP coin was in fact a security and that the firm had raised over $1.38 billion through an unregistered securities offering in 2013, many wondered if XRP would even survive.  Some exchanges…
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18 April 2021 0

There will be drama, warns WEF expert on Bitcoin regulation

Those who oversee the traditional finance sector won’t just let Bitcoin (BTC) wander off into the sunset without a fight. That’s the sentiment expressed by the World Economic Forum’s head of blockchain and digital assets, Sheila Warren, who said a “dramatic” round of regulation was about to befall Bitcoin and the wider cryptocurrency space. Warren…
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15 April 2021 0

Exodus Wallet raises almost $60M in crypto in regulated offering

Crypto wallet provider Exodus has raised more than $59 million in just five days as investors flocked to participate in the public offering. Exodus Movement, Inc., a firm based in Delaware, began selling stock on April 8 in a sale that was approved by the U.S. Securities and Exchange Commission (SEC). The shares were listed…
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14 April 2021 0

MicroStrategy stock explodes alongside Bitcoin rally

Shares of MicroStrategy (MSTR) surged to one-month highs on Tuesday, as Bitcoin’s (BTC) gravitational pull on crypto proxy stocks continued to strengthen following another record-breaking rally for the digital asset.  Shares of the business intelligence firm touched an intraday high of $770 on the New York Stock Exchange, representing a gain of 10% – the…
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13 April 2021 0

Galaxy Digital submits Bitcoin ETF application with SEC

Galaxy Digital has submitted a Bitcoin (BTC) exchange-traded fu filing with the United States Securities and Exchange Commission. According to the form S-1 published by the SEC on Monday, the Galaxy Bitcoin ETF — if approved — will trade on the NYSE Arca exchange, with the Bloomberg Galaxy Bitcoin index tapped as the pricing mechanism.…
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12 April 2021 0