After the announcement, Bitcoin briefly touched $47,600, the highest since December 2021, before cooling down to $46,600 for the first time since April 2022
The approvals mark a rare capitulation by the SEC following opposition that lasted for more than a decade, ever since Tyler and Cameron Winklevoss first proposed a Bitcoin ETF in 2013.
Experts suggest that sustaining the level of $44,000 is important for Bitcoin to establish a positive momentum
Experts suggest that Bitcoin may soon reach the $48,000 level if the momentum persists
According to experts, the current rally comes in the backdrop of optimism around Bitcoin exchange-traded funds
A Bitcoin ETF is expected to make buying and selling Bitcoin easier through the stock market
Apart from Ethereum, almost all the major crypto coins traded range bound in the last one week
The SEC claimed on Tuesday that for a 15-month period "virtually all employees" at subsidiary Virtu Americas LLC could access confidential trade information
Grayscale had appealed against the US SEC's decision to reject its proposal for converting its Bitcoin Trust into a spot ETF
Cryptocurrency news: Another reason for the surge was the lower-than-expected US inflation of 3% for June
Two Indian-origin people, including a former Pfizer employee, have been charged with insider trading by federal authorities for their scheme to reap illicit profits by trading on information about the results of a COVID-19 medicine's clinical trials by the pharmaceutical giant. Amit Dagar, a former Pfizer employee, and his close friend and business partner Atul Bhiwapurkar were charged on Thursday by the US Securities and Exchange Commission (SEC) for their scheme to reap illicit profits through insider trading. In a parallel action, the US Attorney's Office for the Southern District of New York also announced criminal charges against the duo. Dagar, 44, of Hillsborough, New Jersey, was arrested on Thursday and was charged with four counts of securities fraud, each of which carries a maximum sentence of 20 years in prison, and one count of conspiracy to commit securities fraud, carrying a maximum sentence of five years in prison. Bhiwapurkar, 45, of Milpitas, California, was also .
This comes after Bloomberg reported that US regulators are probing the representations made by Adani Group to American investors after Hindenburg report accused it of manipulating stock prices
Brokerages like JPMorgan Securities are required to retain records of business communications sent and received for at least three years, the SEC said
Bitcoin fell to its lowest in three months on Wednesday after US Fed's statement hinted that it may increase the rates in the upcoming policy announcements
Despite the cases against two big crypto exchanges by the US SEC throughout the week, the crypto market cap was largely trading flat on Friday
The Securities and Exchange Commission is charging Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. Coinbase was also charged for failing to register the offer and sale of its crypto asset staking-as-a-service program. Users of trading platforms can stake their cryptocurrency, essentially locking up some of their assets, in exchange for payment later, much like earning interest rates in a savings account. Those assets are used by platforms like Coinbase Global to guarantee other transactions taking place on the blockchain. Coinbase has been critical of regulations related to staking, calling them vague. The SEC complaint also alleges that Coinbase's holding company, Coinbase Global Inc., is a control person of Coinbase and therefore is also liable for some of Coinbase's violations. Shares of Coinbase Global tumbled nearly 17% before the market open on Tuesday. The SEC, which had warned Coinbase
In its complaint, the SEC alleged that Binance and Zhao had "free reign" over billions of dollars of crypto assets from the US
The agency on Monday sued Binance and Zhao for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls
Leading crypto exchange Coinbase has been put on notice by the US Securities and Exchange Commission for allegedly breaking securities laws
Credit Suisse was forced to delay the release of its annual report from last week after the Securities and Exchange Commission raised last-minute queries on cash-flow statements from 2019 and 2020