Unlock the Potential: Discover Grayscale S-3 Files for Digital Large Cap ETF

Grayscale, a prominent cryptocurrency asset manager, has recently submitted a proposal to launch a Digital Large Cap ETF focused on cryptocurrencies to the United States Securities and Exchange Commission (SEC). This move comes as the company continues to expand its offerings in the digital asset space. The Digital Large Cap ETF would consist of a [...]

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Exciting IPO News: Circle Files for Public Offering in April 2022

Circle, a prominent financial technology company, has officially submitted its initial public offering (IPO) documents to the United States Securities and Exchange Commission (SEC). This move marks a significant milestone for the company as it seeks to go public and offer its shares to the public for the first time. The IPO filing comes at [...]

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Discover the Top-Performing Aptos ETF with Bitwise Files: Ranked as the 36th Largest Cryptocurrency

Bitwise has officially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC) to list a new Bitcoin exchange-traded fund (ETF) called the Bitwise Bitcoin (BITQ). This move marks an important step towards bringing a Bitcoin ETF to the market, as previous attempts by various companies have been either denied or withdrawn. The [...]

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Twitter’s Original ‘Blue Bird’ Logo Creator Martin Grasser Says ‘It Had a Great 11-Year Run’

Like many, Martin Grasser, the visionary designer behind Twitter’s iconic blue bird, discovered the logo’s replacement through a tweet from Elon Musk. However, the attention he garnered after posting a thread about its creation more than a decade ago went beyond all expectations. Twitter exploded with reactions when Jack Dorsey, Twitter’s former CEO, amplified Grasser’s [...]

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Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector

Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail [...]

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Filipino Couple Hosts First-of-its-Kind AR and NFT Wedding Powered by Xovox Labs

With a desire to create a unique and memorable event, Miccolo and Ruth decided to incorporate AR and NFT into their wedding celebration.

The post Filipino Couple Hosts First-of-its-Kind AR and NFT Wedding Powered by Xovox Labs appeared first on BitPinas.

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Coinbase files brief backing Grayscale’s ETF lawsuit against SEC

Coinbase (NASDAQ: COIN) has filed an amicus brief in support of digital assets manager Grayscale Investments, which is suing the US Securities and Exchange Commission (SEC) over the rejection of the company’s spot Bitcoin ETF application.

The cryptocurrency exchange’s backing of Grayscale aligns with a brief by the Blockchain Association, Coin Center and the Chamber of Digital Commerce.

On Tuesday, the Amici Curiae brief filed at the US Court of Appeals for the District of Columbia Circuit, noted “the need for greater regulatory clarity and consistency” around the SEC’s decisions on spot Bitcoin ETFs.

Particularly, the brief points to the agency’s continued denial of all spot Bitcoin ETF proposals before it, while at the same time allowing exchange traded products (ETPs) based on the same asset. The brief read in part:

“The Commission’s “thumb on the scale” approach to Bitcoin ETPs does not withstand scrutiny. Bitcoin spot ETPs like the Grayscale Trust are ideally suited for investors that desire exposure to Bitcoin; the Commission has allowed similar, and riskier, products to enter the market; and spot Bitcoin ETPs plainly satisfy regulatory requirements for listing on a national securities exchange, just like Bitcoin future ETPs do.”

Grayscale applied for approval to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF in 2021, but the SEC denied the application in June this year, citing similar reasons that had seen multiple other ETFs thrown out.

In response, Grayscale immediately filed a lawsuit against the SES, with the company’s chief legal officer Craig Salm noting in July that the case was likely to take 12 months to two years.

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VanEck refiles for physically-backed Bitcoin ETF with the US SEC

VanEck, one of the ETF & Mutual Fund Manager firms to ever file for a Bitcoin ETF, has once again re-filed for a physically-backed Bitcoin ETF with the US Securities and Exchange Commission (SEC) after its first application was rejected.

VanEck seems not to be giving up its fight to be allowed to issue a Bitcoin exchange-traded funds (ETF). It had filed a similar request with the SEC on November 12, 2021, but the SEC rejected it on the grounds that the Mutual Fund Manager firm did not have the ability to meet the required standards to protect public interest and investors as well as “prevent fraudulent and manipulative acts and practices.”

VanEck Bitcoin Trust [ETF] REJECTED

19b-4 exchange listing rule change application to allow the fund to list on the Cboe exchange *not* approved by the SEC, as per notice issued today:https://t.co/Dvvehjx5x8 https://t.co/pxWqmRj426

However, in the recent filing, VanEck went ahead to provide more reasons as to why the SEC should approve its Bitcoin ETF request.

According to VanEck, the lack of a currently listed spot Bitcoin exchange-traded product in the US does not prevent US Funds from accessing Bitcoin exposure.

In its argument VanEck said:

“Approving this proposal — and others like it — would provide U.S. ETFs and mutual funds with a U.S.-listed and regulated products to provide such access rather than relying on either flawed products or products listed and primarily regulated in other countries.”

Currently, most US-listed spot Bitcoin exchange-traded products (ETPs) use Canadian BTC ETPs to gain Bitcoin exposure. Canada was among the first countries to allow Bitcoin ETF after the launch of the Purpose Bitcoin ETF in February 2021.

According to VanEck’s new filing:

“After issuing the Bitcoin futures approvals which conclude the CME Bitcoin futures market is a regulated market […] the only consistent outcome would be approving spot Bitcoin ETPs on the basis that the Bitcoin futures market is also a regulated market of significant size as it relates to the Bitcoin spot market.”

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Vietnamese officials back new partnership to tokenize genomic profiles

Vietnamese official Nguyen Chi Dung believes that data ownership and privacy can enhance the healthcare industry.

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Mastercard Files 15 Trademark Applications for a Wide Range of Metaverse, NFT Services – Featured Bitcoin News

Mastercard has filed 15 trademark applications covering a wide range of services relating to the metaverse and non-fungible tokens (NFTs). “We are continually looking for opportunities to deliver new and unique experiences to our customers and cardholders,” Mastercard said. Mastercard’s NFT, Metaverse Trademark Applications Payments giant Mastercard filed 15 trademark applications with the United States […]

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Facebook Owner Meta Files 8 Trademark Applications Covering Metaverse, Crypto Services – Featured Bitcoin News

Meta Inc., formerly Facebook, has filed eight trademark applications relating to a wide range of crypto services and the metaverse. They include cryptocurrencies, crypto trading, blockchain software, crypto wallets, and crypto exchanges. Meta’s Trademark Filings Cover a Range of Crypto Services and the Metaverse Facebook owner Meta has filed eight new trademark applications with the […]

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Philippine Women Innovators in Blockchain 2022 #BreakTheBias

In celebration of International Women’s Day and National Women’s Month, Sit-Up Philippines, DynaQuest, and the Philippine Blockchain Association recognize the 10 Women Innovators in Blockchain from the Philippines.

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Pharmacy Chain CVS Files for ‘Crypto-Collectible’ and NFT Trademarks – Bitcoin News

The American retail and pharmacy corporation CVS is looking to enter the metaverse according to trademark filings registered with the United States Patent and Trademark Office (USPTO). The filings mention things like CVS Health-brand “downloadable virtual goods” and “crypto-collectibles.” CVS Trademark Filings Discuss Virtual Worlds and NFTs The drugstore giant CVS has filed a series […]

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Foam Shoe Giant Crocs Files NFT and Digital Collectibles Trademark Application – Bitcoin News

According to a recent trademark application, Crocs, the American shoe company based in Colorado may be delving into the world of non-fungible tokens (NFTs). Since 2004, Crocs has sold 300 million pairs of foam clog shoes and the application describes a protocol that can manage and store digital collectibles. Crocs Trademark Filing Describes ‘Downloadable Virtual […]

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Cboe BZX Files XRP ETFs for Bitwise, WisdomTree, Canary, and 21Shares: New Investment Opportunities in XRP Available

Recently, the CBOE has shown interest in launching XRP exchange-traded funds (ETFs), following the footsteps of Bitwise, Wisdom Tree, and 21Shares. These companies have already entered the market with various cryptocurrency ETFs, drawing attention from investors looking to diversify their portfolios. The potential introduction of XRP ETFs by CBOE could open up new opportunities for [...]

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Symbiotic X hacked, malware is infecting SVG files: Crypto-Sec

The Symbiotic X account has been promoting a phishing site for two days, and researchers found malware in image files.

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The Godfather of Generative Art Goes Global

Generative digital art remains in demand, even as the broader NFT market struggles. This summer alone, the medium has garnered eye-popping sales, the doting attention of elite brands and institutions, and the emergence of new platforms. But it wasn’t always that way. Casey Reas, an artist and software designer who has pioneered the use of [...]

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World’s Oldest Operational Coin Mint Opens Doors to New NFT Exhibit in Paris

What do you get when you cross a 1,100-year-old coin mint with the future of digital art? France’s la Monnaie de Paris, the world’s oldest active monetary institution—known for its centuries-old tradition of minting physical coins—has opened its doors to the very technology that seeks to disrupt its existence Founded in 864 by the King [...]

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