Bitkub submits improvement plans to Thai SEC and resumes trading

Bitkub, Thailand’s largest cryptocurrency exchange, resumed its services on Jan. 23 following a brief period of shutdown enforced by the country’s Securities and Exchange Commission.  The shutdown followed a number of brief service outages which occurred due to large spikes in traffic when the price of Bitcoin (BTC) broke 1 million Thai baht ($33,340) earlier this month. The psychologically significant figure brought a huge influx of new investors to the site, which struggled to cope with the volume. The SEC ordered the exchange to cease activities and revise operational procedures to…

VanEck files with SEC for ETF that tracks crypto companies’ performance

VanEck, a major American investment management firm, is making another attempt to launch a digital asset-related exchange-traded fund, or ETF. According to a Jan. 21 filing with the United States Securities and Exchange Commission, VanEck’s new ETF is called the Digital Assets ETF. The new fund would track the price and performance of the Global Digital Assets Equity Index run by its subsidiary MV Index Solutions. According to the document, the new Digital Assets ETF “normally invests” at least 80% of its total assets in securities that comprise the Fund’s…

BlackRock Could Buy Bitcoin Futures, SEC Filings Say

Key Takeaways BlackRock has expressed plans to allocate funds to Bitcoin futures in two new filings with the U.S. SEC. The firm has been exploring blockchain since 2015. However, BlackRock has not yet made a Bitcoin investment. Share this article BlackRock plans to invest in Bitcoin futures, according to two new filings with the U.S. Securities and Exchange Commission. Two Filings Submitted to SEC Two filings (titled BlackRock Funds V and BlackRock Global Allocation Fund, Inc.) refer to the possibility that BlackRock will invest in Bitcoin futures contracts. Each filing…

BlackRock’s new SEC filings list Bitcoin derivatives as possible investment

BlackRock, the world’s largest asset manager, could be preparing its entry into the Bitcoin (BTC) derivatives market, according to a pair of filings with the United States Securities and Exchange Commission, or SEC.  The two prospectus filings — BlackRock Funds V and BlackRock Global Allcoation Fund, Inc. — appeared on the SEC website on Wednesday. Both filings mention the possibility of using Bitcoin derivatives and other assets as part of its investment scheme. However, neither filing makes a definitive statement about the use of Bitcoin futures now or in the…

Learn crypto from Biden’s SEC chair pick, part 3/3

This is the third article in a three-part series based on Gary Gensler’s extensive prior public statements on crypto. Here are parts 1 and 2. Cointelegraph has been busily digging through a treasure trove of likely future Chairman of the Securities and Exchange Commission Gary Gensler’s thoughts on crypto, especially from a series of lectures he gave at MIT in the fall of 2018. One especially notable element of Gensler’s thinking is his obvious respect for Bitcoin’s mechanism of internal governance and his obvious interest in seeing that decentralization elsewhere…

Learn crypto from Biden’s SEC chair pick, part 2/3

This is the second in a three-part series based on Gary Gensler’s extensive prior public statements on crypto. Here is part 1. A link to part 3 will appear here when it is published.  Gary Gensler will likely become chairman for the U.S. Securities and Exchange Commission, or SEC, in the coming days. A professor at the Massachusetts Institute of Technology, or MIT, Gensler knows his way around crypto and blockchain, evident in his leadership of a class on the subject at MIT’s Sloan School of Management.  While teaching the…

Learn crypto from Biden’s SEC chair pick, part 1/3

This is the first of a three-part series based on Gary Gensler’s extensive prior public statements on crypto. Links to parts 2 and 3 will appear here as they are published.  As the heir-apparent to the Chair of the Securities and Exchange Commission, Gary Gensler’s most critical role in the future of crypto will be his thoughts on how cryptocurrencies intersect with securities regulation. Where crypto meets the SEC The SEC has been a focal point for the crypto world’s attention for a long time. While its initial enforcement actions…

Biden Will Name Gary Gensler as SEC Chairman

Key Takeaways Biden will name ex-CFTC chair Gary Gensler as the next chairman of the U.S. Securities and Exchange Commission. Gensler, who has knowledge of cryptocurrency as a blockchain professor, will replace former SEC chairman Jay Clayton. Gensler believes XRP is a security asset, which implies he will continue the SEC’s lawsuit against Ripple. Share this article President-elect Joe Biden has confirmed that he will name Gary Gensler as the next chairman of the U.S. Securities and Exchange Commission (SEC) in a new announcement.  Gensler Will Become Next SEC Chair…

Biden team announces pick to lead SEC

President-elect Biden’s team recently unveiled additional folks it plans on nominating for various positions after the inauguration on Wednesday.  One key pick is Gary Gensler as Chairman of the Securities and Exchange Commission, or SEC, according to a statement from Biden’s transition team on Monday. On Jan. 12, Reuters reported on anonymous sourcing forecasting Gensler as Biden’s choice. Today’s statement from the Biden team confirms the President-elect’s expected choice. “Gary Gensler served as chairman of the U.S. Commodity Futures Trading Commission from 2009 to 2014,” the statement said. Coming immediately…

XRP price fails to ignite recovery as SEC enforcement director leaves post

The XRP (XRP) price remained relatively unmoved on Thursday, Jan. 14, even as the broader cryptocurrency market ignited a recovery that saw over $150 billion flood back into the global market cap. Earlier this week the United States Securities and Exchange Commission announced the impending departure of Marc P. Berger, the commission’s Acting Director of the Division of Enforcement. The outgoing director was in office for the commencement of the SEC’s $1.3 billion lawsuit against Ripple Labs. Berger leaves his position at the end of the month after just five…