Browsing:Market News

The U.S. Southern District of New York attorneys have revealed charges against KuCoin and its founders
3 weeks ago 1 min read

KuCoin and its founders face U.S. charges for illicit operations and evading anti-money laws

Damian Williams, the top prosecutor of the U.S. Southern District of New York, and Darren McCormack, the temporary head of HSI New York, have revealed charges against KuCoin and its founders, Chun Gan and Ke Tang. The accusations pertain to illicit money transfer and violation of the Bank Secrecy Act, namely the absence of a comprehensive program to deter money laundering and terrorist funding, inadequate verification of client identities, and failure to disclose suspicious actions. KuCoin’s endeavor to expand its U.S. customer base with the aim of becoming a leading cryptocurrency exchange has resulted in more than $9 billion worth

March 26 has significant importance for Ripple Labs in its legal dispute with the US SEC
4 weeks ago 1 min read

Ripple braces for pivotal March 26 in legal showdown with SEC

March 26 has significant importance for Ripple Labs in its legal dispute with the US Securities and Exchange Commission (SEC). The SEC has submitted its first brief on the remedies it is seeking, which is presently confidential. This document provides an overview of the sanctions and legal measures that are being sought against Ripple, marking a key milestone in an ongoing legal dispute. The court has issued an order for Ripple to disclose its financial particulars and sales contracts, which the SEC contends are crucial for deciding the appropriate course of action in the case’s remedy phase. A comprehensive schedule

BlackRock and Fidelity Investments have reached a significant achievement with their Bitcoin ETFs,
4 weeks ago 1 min read

IBIT and FBTC Bitcoin ETFs become top picks at BlackRock and Fidelity in record time

BlackRock and Fidelity Investments have reached a significant achievement with their Bitcoin ETFs, IBIT and FBTC, becoming the leading options in their investment portfolio in less than 50 days. Despite overseeing a diverse portfolio of 420 ETFs, IBIT was responsible for more than 50% of BlackRock’s yearly net inflows. In the same way, FBTC had the highest amount of money coming into Fidelity, garnering five times more capital than any other fund. The consistent influx of funds into these Bitcoin ETFs over a period of 49 days highlights their remarkable performance, placing them in a select group of ETFs that

The Securities and Exchange Commission has postponed its verdict on Grayscale's Ethereum futures ETF
4 weeks ago 1 min read

They US SEC delays Grayscale Ethereum ETF decision again, now aiming for May 2024

The US Securities and Exchange Commission (SEC) has postponed its verdict on Grayscale’s Ethereum futures ETF, setting a new deadline of May 30, 2024. The delay is to allow more time for thorough consideration of the proposal and related concerns. Bloomberg’s ETF analyst James Seyffart predicted this delay recently. This suggests that Grayscale’s strategy is more sophisticated than it appears. Seyffart believes Grayscale is using the delay strategically to challenge the SEC’s stance and push for the approval of a spot Ethereum ETF. This is not the first time the US SEC has extended its review of Grayscale’s Ethereum futures

US lawmakers are hopeful about approving crypto regulations before the upcoming November elections
4 weeks ago 1 min read

US lawmakers are hopeful about approving crypto regulations before the upcoming November elections

Legislators in the United States are hopeful that they may enact major crypto legislation before the November elections, and this includes Senator Cynthia Lummis and Congressman Patrick McHenry. McHenry thinks that the change in leadership from Kevin McCarthy to Mike Johnson as House Speaker has accelerated legislative progress, creating unique chances to adopt legislation pertaining to crypto in a year when elections are taking place. He has high hopes for two legislation that would regulate stablecoins and improve the crypto market: the Keep Innovation in America Act and the Clarity for Payment Stablecoins Act. In line with the Biden administration’s

BlackRock to offer a $100K minimum tokenized fund
1 month ago 1 min read

BlackRock to offer a $100K minimum tokenized fund

BlackRock, the world’s top asset manager, has announced plans to launch a tokenized investment fund in collaboration with Securitize, a financial services firm. The USD Institutional Digital Liquidity Fund, which requires a minimum investment of $100,000 from external investors, has been submitted to the US Securities and Exchange Commission (SEC). Additionally, the fund will be managed by Securitize Markets, a Miami-based platform for digital assets. Besides, a token representing the fund, named BUIDL, was launched on the Ethereum blockchain on March 5. Furthermore, the fund is limited to 100 tokens, with only one holder recorded so far. BlackRock’s Bitcoin venture,

Coinbase removes meme coin page targeting Senator Elizabeth Warren
1 month ago 1 min read

Coinbase removes meme coin page targeting Senator Elizabeth Warren

Coinbase exchange removed a page offering guidance on buying a meme coin named “Elizabeth Whoren” after US Senator Elizabeth Warren, known for her critical stance on crypto. This event highlights the clash between some crypto supporters and regulators. Senator Warren has openly criticized the crypto world, urging for tighter control to address its risks. As a result, some individuals within the crypto community developed meme coin tokens primarily for satirical purposes rather than as financial opportunities, such as the one that parodies Warren and is located on the Solana blockchain. Coinbase customers saw a website providing instructions on how to

Coinbase plans to raise $1B through convertible note offering amid Bitcoin's record highs
1 month ago 1 min read

Coinbase plans to raise $1B through convertible note offering amid Bitcoin’s record highs

Coinbase exchange plans to raise $1 billion through convertible notes, targeting institutional investors amid bitcoin’s growth and US bitcoin ETFs setting records. Furthermore, the notes will mature by 2030 and can be converted into cash, Class A stock, or a mix of both. Plus, the company aims to allocate the funds towards general corporate needs and settle existing debts. This includes convertible senior notes and senior notes due between 2026 and 2031. Besides, some proceeds may be used for investing in or acquiring other firms, products, or technologies aligning with Coinbase’s strategic vision. Recently, the exchange’s stock saw over 2.5%

Virginia-based MicroStrategy Incorporated,
1 month ago 1 min read

MicroStrategy secures $800M from notes sale to fund its growing Bitcoin portfolio

Virginia-based MicroStrategy Incorporated, well-known for embracing Bitcoin early on, has concluded a $800 million convertible note issuance. Finalized on March 8, 2024, the sale is aimed to institutional purchasers that meet certain regulatory requirements. Furthermore, an extra $100 million is included in the $800 million from an option that purchasers fully exercised on March 6, 2024. Plus, investors may choose between debt and equity via convertible notes, which have a semi-annual interest rate of 0.625% and mature on March 15, 2030. Additionally, with a conversion rate of 0.6677 shares for every $1,000, an initial conversion price of around $1,497.68 per

Tesla's Bitcoin holdings have seen a significant increase, with Arkham Intelligence revealing a total of 11,509 BTC
1 month ago 1 min read

Tesla’s surprise Bitcoin boost sparks speculation and future market impacts

Tesla’s Bitcoin holdings have seen a significant increase, with Arkham Intelligence revealing a total of 11,509 BTC, surpassing the amount disclosed in their last earnings call. Tesla has also made a fresh purchase of $5.94 million worth of Bitcoin, further fueling speculation and interest in their cryptocurrency strategy. In February 2021, Tesla invested $1.5 billion in Bitcoin and briefly accepted it as a payment method for their electric cars. However, the venture was short-lived as the company sold about 10% of its holdings in March 2021 and offloaded 75% of its Bitcoin stash in the second quarter of 2022 due

Charles Hoskinson publicly refutes rumors of leaving Cardano
1 month ago 1 min read

Charles Hoskinson publicly refutes rumors of leaving Cardano

Charles Hoskinson, CEO of IOHK and the visionary behind Cardano, has reiterated his commitment to the blockchain platform, claiming that his involvement with the Midnight project and the prospect of implementing a multi-chain strategy are unrelated to his resignation. Hoskinson’s remark, “The answer is no,” highlighted the hard work of hundreds of IOG engineers and scientists working on Cardano. This move is timely as the blockchain industry evolves, with initiatives like Midnight emerging to target specific market needs like as data protection and privacy. Despite Midnight’s lofty aspirations, Hoskinson’s involvement with the project does not signal a shift away from

The US SEC's action against Binance has been continuing since June
1 month ago 1 min read

US SEC claims that Binance.US refuses to provide certain information, which the exchange denies

The US SEC’s action against Binance has been continuing since June, with Binance Holdings Ltd facing fines of up to $4.3 billion. Former CEO Changpeng Zhao was forced to resign and is now on bond. However, Binance.US, previously known as BAM Trading Services, is still battling the SEC in court. The Washington D.C. court ordered the two parties to collaborate on the discovery process, but the SEC claims that the two sides have reached an impasse. According to the watchdog, Binance.US refused to allow agency personnel to inspect its in-house software, stating that it was programmed and provided no actual

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus