U.S. senators have raised the alarm over cybersecurity protocols at the Securities and Exchange Commission (SEC). This action follows an alarming breach where the SEC’s social media account was compromised, leading to the dissemination of false information regarding Bitcoin ETFs. A fraudulent announcement on the SEC’s social media platform, previously known as Twitter, caused Bitcoin’s value […]

The post Senators Urge SEC to Strengthen Cyber Defenses appeared first on Trends 4 Business.

The U.S. Securities and Exchange Commission (SEC) has given the green light to the first set of Bitcoin exchange-traded funds (ETFs) for listing in the United States. This historic decision is expected to enhance Bitcoin’s attractiveness to a broader investor base. Leading investment firms such as BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck are among the 11 recipients of […]

The post Bitcoin ETFs Greenlit by Regulators appeared first on Trends 4 Business.

In a recent security incident, the U.S. Securities and Exchange Commission (SEC) swiftly addressed a breach of its social media presence, where a fraudulent announcement regarding the approval of Bitcoin ETFs momentarily stirred the market. The SEC clarified that its official account was momentarily infiltrated on Tuesday post-4 p.m. ET, leading to the spread of […]

The post Fake SEC Bitcoin ETF Nod Sparks Confusion appeared first on Trends 4 Business.

BlackRock, the investment giant, is poised to streamline its workforce, with plans to let go of approximately 3% of its employees, translating to 600 staff members. The decision aligns with the firm’s strategic adjustments and performance evaluations over the previous year. In the financial community, all eyes are on the imminent decision from the U.S. […]

The post BlackRock Prepares for Staff Reduction appeared first on Trends 4 Business.

11 contenders for spot Bitcoin ETFs have taken a pivotal step forward. With the submission of crucial 19b-4 amendments, the stage is set for the SEC’s impending decision, anticipated within the coming days. Leading asset managers, including BlackRock, Grayscale, and Fidelity, are among the applicants poised for a potential green light from the U.S. Securities and Exchange […]

The post Spot Bitcoin ETFs Edge Nearer to Reality appeared first on Trends 4 Business.

In a strategic financial maneuver, Michael Saylor, the Executive Chairman of MicroStrategy, has initiated the sale of a substantial portion of his company stock, amounting to $216 million. This move, disclosed in a recent SEC filing, is part of a deliberate plan to expand his Bitcoin portfolio. Starting January 2nd, Saylor embarked on the sale of his stock […]

The post MicroStrategy’s Saylor Divests to Deepen Bitcoin Investment appeared first on Trends 4 Business.

The Securities Exchange Commission (SEC) of Nigeria has introduced stringent licensing requirements that could reshape the industry. Despite the Central Bank of Nigeria (CBN) recently lifting a ban on banks’ engagement with cryptocurrencies, local crypto exchanges are facing a new hurdle: the SEC’s steep capital requirements. Crypto expert Rume Ophi has voiced concerns that the […]

The post Nigeria’s Crypto Landscape Faces New Challenge with SEC appeared first on Trends 4 Business.

Ripple’s top legal executive, Stuart Alderoty, shared a glimpse into the Securities and Exchange Commission’s (SEC) pre-lawsuit offer made to the blockchain firm back in 2020. The SEC had proposed that Ripple could avoid litigation by admitting that its digital token, XRP, was a security and by providing the market with a short period to […]

The post Ripple’s Legal Head Shares Insights on Pre-Lawsuit SEC Offer appeared first on Trends 4 Business.

The Securities and Exchange Commission (SEC) of the United States has recently dismissed a petition from Coinbase Global for the establishment of novel regulations tailored to the digital asset industry. In a narrow vote that concluded with a 3-2 split, the commission has expressed its fundamental opposition to the argument presented by Coinbase, which claims […]

The post SEC Denies Coinbase’s Call for Crypto Rules appeared first on Trends 4 Business.

The Securities and Exchange Commission (SEC), Fidelity has once again stepped into the spotlight, presenting its case for the Wise Origin Bitcoin Trust, a spot Bitcoin ETF. The conference, which included representatives from Cboe BZX Exchange and SEC officials, was a deep dive into the trust’s structure and the proposed rule change that would allow it to be listed […]

The post Fidelity’s ETF Push Awaits SEC Verdict appeared first on Trends 4 Business.