Die Befragung von Joseph Bankman, Barbara Fried und Gabriel Bankman-Fried soll im Insolvenzverfahren der FTX dabei helfen, die verlorenen Gelder der Kryptobörse aufzufinden.
SEC rejects Ark 21Shares’ spot Bitcoin ETF again
- SEC has denied the Ark Investment and 21 Shares joint spot Bitcoin ETF application.
- The agency says proposal failed to meet requirements as per securities laws, citing fraud and manipulative practices once again.
- It’s the second time the SEC has rejected an ETF proposal by the two firms, after denying the first one in April last year.
The US Securities and Exchange Commission (SEC) has disapproved a proposal seeking to list a spot Bitcoin exchange-traded fund (ETF) for the US market.
In a document published on Thursday, the US securities market watchdog said it had rejected the application by Cathie Wood’s Ark Investment and Swiss cryptocurrency investment firm 21Shares.
The Ark 21Shares spot Bitcoin ETF had been proposed for listing on the Cboe BZX Exchange.
SEC denies Ark 21 Shares Bitcoin ETF again
The Commission’s order disapproving the two companies’ ETF application noted that BZX did not “demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6(b)(5).”
Specifically, the exchange failed to demonstrate that it could prevent fraud and other manipulative practices as well as protect those looking to invest in the product.
“The Commission further concludes that BZX has not established that it has a comprehensive surveillance-sharing agreement with a regulated market of significant size related to spot bitcoin, the underlying bitcoin assets that would be held by the Trust,” reads part of the SEC’s reasoning for disapproval.
This is the second time the agency has rejected a spot Bitcoin ETF proposal by Ark Investment Management and 21Shares. The SEC dismissed a similar application in April, a move that prompted the two firms to submit a fresh one last May.
The SEC has also disapproved of multiple other spot bitcoin ETF applications, including one by Grayscale Investment, which sought to convert the Grayscale Bitcoin Trust (GBTC) to a BTC spot ETF. The asset manager filed a lawsuit against the agency following the agency’s move in June 2022.
The post SEC rejects Ark 21Shares’ spot Bitcoin ETF again appeared first on CoinJournal.
SBF hat wohl FTX-Kundengelder in dubiosen Risikokapitalgeber investiert
Der Risikokapitalgeber Modulo hatte sehr enge Verbindungen zu Alameda und FTX, was die massiven Investitionen von SBF in das kleine Unternehmen umso fragwürdiger machen.
El Salvador’s Bitcoin City wins architectural design award
- El Salvador is the first country that recognised Bitcoin as legal tender.
- Bitcoin City has been recognised as a sustainable and highly efficient project.
- El Salvador is building the new city in the country’s East, with clean energy entirely sourced from nearby volcanoes.
El Salvador made history when it became the first country in the world to adopt Bitcoin (BTC) as legal tender. The country also announced an ambitious project dubbed ‘Bitcoin City’ – a move that continues to inspire many other nations and jurisdictions across the world.
Importantly though, and in one of the many positive news around the El Salvador Bitcoin bet, the eco-friendly project Bitcoin City has just received international recognition.
According to a news report by Noticias de Bariloche, Bitcoin City won an award after getting a thumbs up approval from a panel of experts over its architectural design.
The award was given by LOOP, a Costa Rica-based sustainable architecture and design studio. Per the the LOOP Designs Awards 2022 website, Bitcoin City was picked as category winner from a pool of 705 submissions from 56 countries.
Volcano-powered Bitcoin city
EL Salvador’s Bitcoin City is a new city project under development in the country’s East, and is designed by Fernando Romero Enterprise EE, a Mexico-based design studio. The project features revolutionary urban planning with Bitcoin and nearby volcanoes powering financial investments and everyday activities.
The two volcanoes (Tecapa and Conchagua) will provide clean energy.
“A number of incentives for investors will make this city a reference on how to make a city both efficient and sustainable at the same time,” LOOP wrote in a brief description of the project.
As CoinJournal previously reported, building Bitcoin City is expected to take at least ten years.
El Salvador proves critics wrong on Bitcoin bet
On Tuesday, El Salvador president Nayib Bukele slammed international media for their negative reporting on the country since it adopted BTC as legal tender. His comments came as the country repaid in full its $800 million in maturing bonds – despite Bitcoin price plummeting in 2022.
Mainstream media reports had pointed out that El Salvador risked defaulting on the payments if it failed to strike a deal with the International Monetary Fund (IMF). President Bukele slammed the forecasts by “experts” and rating firms for their “lies”.
Yesterday, El Salvador demonstrated that the big media, the “experts”, the financial analysts and the credit rating agencies, shamelessly lie to the people, their audiences and their clients.
The next time they say anything, remember that. https://t.co/Lb2uDPlYxr
— Nayib Bukele (@nayibbukele) January 24, 2023
The post El Salvador’s Bitcoin City wins architectural design award appeared first on CoinJournal.
Tesla verkauft keine weiteren Bitcoin in Q4: Trotz Marktturbulenzen gehalten
Der Elektroautohersteller hält seine schätzungsweise 9.720 Bitcoin weiterhin. Es gab im letzten Quartal weder Käufe noch Verkäufe.