Kraken, facing charges from the U.S. Securities Exchange Commission (SEC), plans to fight and respond to the complaint in court, confirmed the company’s Chief Legal Officer (CLO), Marco Santori, in a conversation with CNBC on Nov. 30. Santori said: “The SEC alleges that … Kraken is a exchange clearing house and broker dealer for investment […]
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The U.S. Securities and Exchange Commission (SEC) met with Bitcoin ETF applicant Hashdex this week, according to a Nov. 29 memo from the agency. The discussion, which took place on Monday, Nov. 27., concerned a proposed rule change to allow NYSE Arca to list and trade shares of Hashdex’s Bitcoin ETF. According to the SEC […]
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Quick Take November 2023 was another robust month for Bitcoin, which saw a surge of almost 7% over 30 days. The month was marked with several highlights, including setting a new year-to-date high by crossing the $38,000 mark. This was attributed to noticeable premiums on CME and Coinbase, signaling bullishness within the U.S. market. However, […]
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The U.S. Securities and Exchange Commission (SEC) began to accept comments on Fidelity’s proposed spot Ethereum ETF through a Nov. 30 filing. That filing indicates that the securities agency is now soliciting comments on a proposed rule change from Cboe BZX. If approved, that rule change will allow the exchange to list and trade Fidelity’s […]
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Microsoft is pledging a colossal $3.2 billion to enhance artificial intelligence (AI) infrastructure and training in the UK, according to a Nov. 30 press release. The investment marks the company’s most significant commitment in its 40-year history in the UK and aims to propel the nation forward in the global AI race. Microsoft intends to […]
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Today marked the launch of Robinhood‘s previously announced brokerage services in the UK. The launch represents Robinhood’s first expansion beyond the U.S. In its announcement, the company said UK customers will have access to over 6,000 U.S.-listed stocks and American Depository Receipts (ADRs) at launch. Features will include commission-free trading, high-yield interest on uninvested cash, […]
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The hacker responsible for the $48 million KyberSwap heist has escalated their demands, now seeking complete executive control over the decentralized exchange (DEX). The hacker revealed the updated demands in an on-chain message sent on Nov. 30. They had previously expressed willingness to negotiate a bounty but complained of receiving threats and a general lack […]
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Quick Take The current year has witnessed a unique trend on Binance, one of the world’s largest digital exchanges. By analyzing the netflows, a stark divergence can be observed with transactions of $1 million or more and those less than $1 million. Larger transactions are experiencing predominantly outflows, indicating that whales, or large holders of […]
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