SEC

US Bitcoin miner Stronghold files for $100M IPO to fund massive expansion

Pennsylvania-based Bitcoin mining firm Stronghold Digital Mining has filed for a $100 million initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). The firm filed its S-1 form on July 27 and if given the green light by the SEC, Stronghold intends to list its Class A common stock on the …

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$10B asset manager registers new Bitcoin fund with SEC

Stone Ridge Asset Management, the alternative investment manager behind New York Digital Investment Group, has filed a new prospectus with the United States Securities and Exchange Commission, or SEC, to add Bitcoin (BTC) to its open-end mutual fund.  The prospectus for Stone Ridge Bitcoin Strategy Fund appeared on the SEC website on Friday, though the …

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Osprey Funds CEO says US will approve Bitcoin ETF in 2022 ‘at earliest’

The CEO of Osprey Funds — the issuer of over-the-counter Bitcoin trust OBTC —isn’t holding his breath for a Bitcoin (BTC) exchange-traded fund (ETF) approval in the United States this year. Speaking to Yahoo Finance’s Jared Blikre and Seana Smith on July 19, Greg King said he believes that the U.S. Securities and Exchange Commission (SEC) …

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US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC

<div class=”featured_image_container”> </div> <strong>U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for …

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SEC delays decision on Wisdom Tree Bitcoin ETF

On July 13, the Securities and Exchange Commission, or SEC, pushed back its decision on Wisdom Tree’s Bitcoin ETF with a request for public feedback. This request will allow members of the public to communicate their position on whether the trust should be approved or denied. The SEC’s notice stated: “The Commission requests that interested …

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Grayscale Investments’ Diversified Cryptocurrency Fund Now an SEC Reporting Company

<div class=”featured_image_container”> </div> <strong>Grayscale Investments now has three SEC reporting funds, with the newest addition being the Digital Large Cap Fund. The company has also filed to make three other funds SEC reporting companies.</strong> Grayscale Investments, the world’s largest crypto asset manager, made two announcements Monday. The first was that the registration statement on Form …

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SEC Charges 3 Individuals for Alleged Long Blockchain Insider Trading Scheme

<div class=”featured_image_container”> </div> <strong>The U.S. SEC charged three individuals that allegedly conducted insider trading related to the Long Blockchain company back in 2017. One of the individuals allegedly traded stocks ahead of the name change that gave the company a price boost. The other two individuals were tipped and took advantage of the data to …

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Thailand Sees Rising Adoption of Cryptocurrencies as Means of Payment — Warns of Risks

<div class=”featured_image_container”> </div> <strong>Bank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment.</strong> The Bank of Thailand (BOT), the country’s central bank, issued a …

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SEC charges individuals connected to former iced tea-turned-mining company

The U.S. Securities and Exchange Commission has filed charges against three people accused of insider trading with the Long Blockchain Company related to changing its name from the Long Island Iced Tea Company. In a Friday announcement, the SEC said Eric Watson, Oliver Barret-Lindsay, and Gannon Giguiere were facing charges in the U.S. District Court …

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Capital International purchased $600M in MicroStrategy stock

Capital International, a $400 million financial services company, invested more than half a billion dollars into business intelligence firm MicroStrategy. In MicroStrategy’s filings to the U.S. Securities and Exchange Commission for the second quarter of 2021, the firm disclosed Capital International Investors has purchased 953,242 shares of its stock. Following the release of the SEC …

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