Hong Kong’s financial sector is witnessing a transformative phase with Venture Smart Financial Holdings Ltd. (VSFG) at the forefront, aiming to launch a spot Bitcoin exchange-traded fund (ETF) in the first quarter of 2024. This move comes as part of Hong Kong’s broader ambition to establish itself as a digital asset hub. Venture Smart Financial … Continue reading Hong Kong's VSFG Set to Pioneer Spot Bitcoin ETF in Q1 2024
Alameda Research Ltd., associated with the now-bankrupt cryptocurrency exchange FTX, has voluntarily withdrawn its lawsuit against Grayscale Investments. This development comes amid significant outflows from Grayscale’s Bitcoin Trust (GBTC) following its conversion to an exchange-traded fund (ETF). The lawsuit, initiated in March 2023, accused Grayscale of extracting over $1.3 billion in excessive management fees, violating … Continue reading Alameda Research Withdraws Grayscale Lawsuit Amid GBTC Shift
FTX, once a leading name in the cryptocurrency exchange world, faced a tumultuous downfall in late 2022. The company’s restructuring efforts in the aftermath of its bankruptcy filing have been closely scrutinized by investors, customers, and regulatory bodies. A recent development in FTX’s bankruptcy case reveals a significant shift in the company’s approach towards its … Continue reading FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange
The United States Securities and Exchange Commission (SEC) has launched a scathing indictment against Terraform Labs PTE Ltd., accusing the blockchain company of creating what an SEC attorney called a “fraudulent empire.” The civil trial, which commenced this year, follows a lawsuit filed by the SEC in February 2023. The legal action comes after the … Continue reading SEC Brands Terraform Labs a "House of Cards" as Civil Trial Commences
Nilam Resources, Inc. (OTC PINK: NILA) has announced its entry into a Letter of Intent (LOI) with Xyberdata Ltd to acquire 100% of the common stock of a special purpose entity called MindWave. The entity will hold 24,800 Bitcoin, which will serve as collateral for raising capital to invest in high-yield generating projects. Under the … Continue reading Nilam Resources Announces Letter of Intent to Acquire 24,800 Bitcoin