Gladius, a cryptocurrency startup that raised over $12 million in a 2017 ICO, announced it is ceasing operations without reimbursing its token holders. Distributed cybersecurity startup Gladius dissolved without complying with the United States Securities and Exchange Commission (SEC) to reimburse investors. The firm’s co-founder and chief technology officer Alex Godwin announced the dissolution of…
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Grayscale Bitcoin Trust may become the first SEC-reporting crypto-based security, potentially signifying a trend for more transparency. On Nov. 19, Grayscale Investments, a subsidiary of Digital Currency Group and the world’s largest digital asset manager, filed a voluntary registration statement on Form 10 with the United States Securities and Exchange Commission on behalf of its…
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Grayscale Investments is launching its diversified cryptocurrency investment product DLC for public trading. American digital asset management fund Grayscale Investments is soon launching its diversified cryptocurrency investment product for public trading. Dubbed Grayscale Digital Large Cap Fund (DLC), the product includes five major cryptos including Bitcoin (ETH) and Ether (ETH), and will soon be available…
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A bipartisan team of senators introduced legislation that would regulate Facebook’s Libra stablecoin under securities law. American lawmakers have reportedly introduced a bill aiming to put Facebook’s Libra under the jurisdiction of the Securities and Exchange Commission (SEC). Two Texas representatives, Sylvia Garcia and Lance Gooden, have proposed legislation that would put even more regulatory…
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Grayscale’s Michael Sonnenshein contends that the asset manager’s Form 10 filing with U.S. regulators would be “a milestone” for the crypto industry if it’s approved. Grayscale’s Michael Sonnenshein contends that the asset manager’s recent Form 10 filing with American regulators would be “a milestone” for the crypto industry if it’s approved. Sonnenshein — managing director…
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Publicly traded Bitcoin fund Grayscale Bitcoin Trust filed a form with the United States SEC to become the first crypto fund to report to the regulator. Publicly traded Bitcoin (BTC) fund Grayscale Bitcoin Trust (GBTC) filed Form 10 with the United States Securities and Exchange Commission (SEC) to become the first crypto fund to report…
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The United States Securities and Exchange Commission has announced that it is reviewing its decision to reject Bitwise’s Bitcoin ETF proposal. The United States Securities and Exchange Commission (SEC) is reviewing its decision to reject the Bitcoin (BTC) exchange-traded fund (ETF) filing from Bitwise Asset Management and NYSE Arca. Taking a second look In an…
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Ethereum and Bitcoin did not have to comply with regulation, admitted Ethereum co-founder Joseph Lubin, new projects should. Ethereum and Bitcoin (BTC) did not have to comply with regulation, admitted Ethereum co-founder Joseph Lubin in an interview with industry news outlet Forkast published on Nov. 18. During the interview — which took place at the…
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With the crypto winter now in the past, the industry’s titans are rushing to get their IPOs underway. The buildup to the 2017 peak in cryptocurrency prices intoxicated business owners and investors around the world. The momentum was so great that new businesses popped up every second of the day, all hoping to cash in…
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Three firms that collectively raised about $40 million through unregulated ICOs in 2017 missed the deadlines set forward in their settlements with the SEC. Several firms that collectively raised about $40 million through unregulated initial coin offerings (ICOs) in 2017 missed their deadlines to repay investors following charges by the United States Securities and Exchange…
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