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ForkLog 6 11.12.2022

SEC deems Grayscale GBTC conversion denial to a spot Bitcoin ETF ‘well-founded’

The US Securities and Exchange Commission (SEC) has issued the first response in Grayscale Investments' suit over the rejection of the conversion of the GBTC trust into a spot bitcoin ETF. The regulator described the decision as 'well-founded and reasonably explained'. 'Earlier, the Commission approved ETFs based on CME futures contracts registered with the CFTC; accordingly, the underlying assets of these funds are subject to strict oversight. The spot bitcoin market, by contrast, is fragmented and unregulated. The applicant did not present compelling arguments in favor of the thesis that CME's oversight of futures trading would be sufficient to detect and deter fraud and manipulation in the spot market.'

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ForkLog 10 24.11.2022

Block.one and its CEO acquired 16.8% of Silvergate Capital’s shares.

Block.one, the EOS network-launching company, and its co-founder Brendan Blumer acquired 9.3% and 7.5% of the shares in the crypto-friendly bank Silvergate Capital, respectively.

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ForkLog 9 23.11.2022

Coinbase stock slides to an all-time low

Following the trading session on November 21, Coinbase's bitcoin-exchange stock fell to a record low of $41.23. Investors reacted to the deteriorating environment in the digital-asset markets and the rise in distrust caused by the collapse of FTX.

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ForkLog 13 09.11.2022

ARK Invest’s Kathy Wood Increases Coinbase Stake by $21.4 Million

ARK Invest funds purchased a total of 420,949 Coinbase shares for $21.4 million.

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ForkLog 7 09.11.2022

Poloniex launches second ‘Predictor’ campaign in FIFA World Cup Carnival with $50,000 prize pool

The cryptocurrency exchange Poloniex announced the launch of «Predictor» — the second campaign in the World Cup Carnival of Poloniex FIFA. It will run until December 19, 15:00 (UTC).

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ForkLog 8 04.11.2022

Coinbase nearly halves losses in Q3

Coinbase's Q3 2022 net loss was $545 million, versus $1.1 billion in the prior period. The shares rose.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 4 28.10.2022

Coincheck outlines Nasdaq listing timeline

The Japanese cryptocurrency exchange Coincheck plans to list on Nasdaq on July 2, 2023. This is stated in documents filed with the SEC.

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ForkLog 7 28.10.2022

WisdomTree’s crypto-product assets fall 36%

For the July–September period, the weighted average of assets in WisdomTree's crypto products fell by 36% relative to the second quarter, to $178 million.

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ForkLog 4 27.10.2022

Metaverse-focused Meta unit’s loss rises to $3.7 billion

In July–September 2022, the metaverse-focused Reality Labs unit within Meta posted a loss of $3.7 billion ($9.4 billion since the start of the year).

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ForkLog 7 26.10.2022

ProShares Bitcoin ETF posts a record annual loss for the ETF industry

In the year since its launch, the United States' first Bitcoin futures ETF from ProShares has lost $1.2 billion of investors' money. This marked the worst debut for the ETF industry in its history, according to FT.

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ForkLog 8 19.10.2022

Blockchain Association backs Grayscale in suit against the SEC

The nonprofit Blockchain Association filed a court brief regarding the Grayscale Investments case against the U.S. Securities and Exchange Commission (SEC).

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ForkLog 13 12.10.2022

Valkyrie to liquidate ETF tied to shares of Bitcoin-investing companies

The asset manager Valkyrie Investments announced the liquidation of an exchange-traded fund (ETF) based on the shares of companies that directly or indirectly invest in, trade, or hold Bitcoin as a reserve asset.

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