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Gemini to Reimburse $1.1 Billion to Users Amid Regulatory Settlement

The New York State Department of Financial Services (DFS) has announced a landmark settlement with Gemini Trust Company, LLC, a leading cryptocurrency exchange and custodian. The enforcement action, led by Superintendent Adrienne A. Harris, obligates Gemini to return no less than $1.1 billion to customers of its Earn program, following its entanglement with the bankruptcy … Continue reading Gemini to Reimburse $1.1 Billion to Users Amid Regulatory Settlement

Private Market Confidence Rises as Investors Embrace Digital and Healthcare Sectors in 2024

The landscape of private market investments is undergoing a significant shift, with investors expressing increased confidence and a keen interest in technology and healthcare sectors. A recent global survey conducted by Adams Street Partners, LLC highlights this sentiment, revealing that nearly 90% of respondents anticipate private markets to outperform public markets in the long run. … Continue reading Private Market Confidence Rises as Investors Embrace Digital and Healthcare Sectors in 2024

Coinbase Custody Leads in Digital Asset Safety Amid ETF Adoption Surge

Coinbase Custody, a vital arm of the leading cryptocurrency exchange Coinbase, has been increasingly recognized as the custodian of choice for a number of recently approved spot bitcoin ETFs, setting a new standard in digital asset safety. With the U.S. Securities and Exchange Commission (SEC) green-lighting these ETFs, the focus on how digital assets are … Continue reading Coinbase Custody Leads in Digital Asset Safety Amid ETF Adoption Surge

CoinShares Acquires Valkyrie ETF Business, Expanding U.S. Footprint

CoinShares, a leading European investment firm specializing in digital assets, has announced the completion of its strategic acquisition of Valkyrie Funds LLC, an investment advisory business of Valkyrie Investments Inc., and the Sponsor rights to the Valkyrie Bitcoin Fund, a physically-backed Bitcoin ETF. This acquisition is a significant leap in CoinShares’ U.S. expansion strategy, increasing … Continue reading CoinShares Acquires Valkyrie ETF Business, Expanding U.S. Footprint

Genesis settles with the SEC, agreeing to a $21 million penalty

Genesis Global Capital, LLC has consented to a substantial $21 million fine to resolve Securities and Exchange Commission (SEC) charges. The SEC’s announcement on March 19, 2024, detailed the charges against the firm for the unregistered offer and sale of securities through its crypto asset lending program, known as the Gemini Earn program. This settlement … Continue reading Genesis settles with the SEC, agreeing to a $21 million penalty

Bakkt's Strategic Expansion Leads to Significant Revenue Growth Amid Crypto Market Recovery

Following a transformative year, Bakkt Holdings, Inc. (NYSE: BKKT) has reported a remarkable increase in both fourth quarter and full-year revenues for 2023, according to a press release shared with Blockchain.News. The digital asset platform acquired Bakkt Crypto (formerly Apex Crypto, LLC) in April 2023, and the inclusion of this new acquisition has significantly contributed … Continue reading Bakkt's Strategic Expansion Leads to Significant Revenue Growth Amid Crypto Market Recovery

NYSE Arca Files Proposed Rule Change for Bitwise Ethereum ETF Listing

NYSE Arca, a self-regulatory organization, has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Bitwise Ethereum ETF. The proposed rule change was filed on March 28, 2024, and is now open for public comment. Under the proposed rule change, the Bitwise Ethereum ETF would … Continue reading NYSE Arca Files Proposed Rule Change for Bitwise Ethereum ETF Listing