Tether billion-dollar deposit in UK bank sparks legal showdown: FT

Tether, the USDT stablecoin issuer, deposited approximately $1 billion into the U.K. subsidiary of Britannia Financial Group in November 2021, Financial Times reported today, Nov. 21, citing court documents. This revelation emerged... Read more »

Binance faces historic penalty as DOJ settlement talks suggest over $4 billion

Binance Holdings is in talks with the U.S. Justice Department (DOJ) to resolve allegations of criminal activities, including money laundering, bank fraud, and sanctions violations, via a settlement that could exceed $4... Read more »

Fidelity files for spot Ethereum ETF, trailing BlackRock’s lead by two days

Fidelity Investments has filed for a spot Ethereum exchange-traded fund (ETF), as seen in a filing with the Securities and Exchange Commission (SEC) on Nov. 17. Cboe BZX submitted a 19b-4 filing... Read more »

BitGo CEO expects further complications before a Bitcoin ETF can hit market

In a recent interview with Bloomberg TV, BitGo CEO Mike Belshe expressed a cautious outlook on the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. SEC. Belshe’s optimism regarding the... Read more »

South Korean crypto trading volumes soar with altcoins taking center stage

Daily trading volumes on South Korean exchanges have hit their highest point since August last year, with altcoins dominating the transactions, according to data from blockchain analytical firm Kaiko. Trading activities on... Read more »

Three arrested in $10M bank fraud, crypto laundering scheme

The U.S. Attorney’s Office for the Southern District of New York and the FBI announced three arrests related to a $10 million scheme involving cryptocurrency on Nov. 16. The authorities said that... Read more »

What did we learn from BlackRock’s Ethereum SEC S-1 filing today?

BlackRock, the world’s largest asset manager, has filed its S-1 registration statement and prospectus with the Securities and Exchange Commission (SEC) for the anticipated Ethereum exchange-traded fund (ETF). Quick Take BlackRock’s Ethereum... Read more »

Singapore’s Monetary Authority launches new asset tokenization pilots with Project Guardian expansion

The Monetary Authority of Singapore (MAS) has escalated its efforts to expand its asset tokenization initiatives under Project Guardian. This move aims to catalyze the institutional adoption of digital assets, aiming to... Read more »

State of Delaware refers fake BlackRock XRP Trust filing to Department of Justice

The State of Delaware has initiated action against a fraudulent XRP exchange-traded fund (ETF) filing it received, according to reports from Bloomberg on Nov. 14. On Nov. 13, BlackRock appeared to submit... Read more »

Binance and SEC negotiate confidentiality in landmark legal battle

In the latest chapter of the ongoing legal saga between the U.S. Securities and Exchange Commission (SEC) and Binance, a new joint motion for a protective order emerges, spotlighting the deepening complexities... Read more »
Dip Your Toes in Crypto Blog