SEC Launches New Unit to Tackle Crypto Fraud!
The U.S. Securities and Exchange Commission (SEC) unveiled the establishment of a new division on February 20, aimed at tackling cybercrime and fraudulent activities tied to blockchain and cryptocurrencies. Named the “Cyber and Emerging Technologies Unit” (CETU), this group will work to safeguard retail investors from malicious actors in the rapidly advancing tech sector. The […]
Brazil Approves First Spot XRP ETF
Brazil’s securities regulator has given the green light to the country’s first spot XRP exchange-traded fund (ETF) following an 8% surge in the asset’s value over the past 24 hours. The Hashdex Nasdaq XRP Index Fund has received approval from the Comissão de Valores Mobiliários (CVM) and is set to be listed for trading in […]
Strategy to Issue $2B in Convertible Notes for Bitcoin Purchases
Strategy, formerly MicroStrategy, has announced a $2-billion senior convertible note offering to acquire more Bitcoin and support operational expenses. These notes will carry a 0% interest rate and mature on March 1, 2030. Investors will have the option to convert each $1,000 note into 2.3072 shares of Strategy’s Class A common stock at a price […]
