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Tag: Bitwise

December 27, 2024

Bitwise’s Bold Move: A Bitcoin-Driven ETF for Crypto-Invested Corporations

The crypto industry's optimism remains unbroken following Donald Trump's election victory. ETF powerhouse Bitwise takes the next step in crypto finance, filing for an ETF that tracks firms with substantial Bitcoin holdings. Dubbed the Bitwise Bitcoin Standard Corporations ETF, the fund will focus on companies like MicroStrategy that have embraced the "Bitcoin standard."

Crypto-Trading

December 12, 2024

Stablecoin Sector Surges to $200 Billion Market Cap – A New Milestone

The stablecoin sector has smashed through the $200 billion market cap milestone, fueled by surging demand across crypto markets, payments, and remittances. Key players like Tether and Circle are leading the charge, while innovative yield-bearing tokens are reshaping the landscape. Asset manager Bitwise sees the stablecoin market growing to $400 billion next year.

August 20, 2024

Bitwise Expands Into Europe With Acquisition of Bitcoin ETP Issuer ETC Group!

The US-based Bitwise Asset Management is one of the leading providers of crypto index funds and ETFs. Bitwise has a six-year track record focused solely on crypto and aims to provide investors with professional-grade, rules-based exposure to the crypto asset class through its index funds and ETFs. The company announced the acquisition of London-based ETP issuer ETC Group.

December 5, 2023

Crypto Prices Continue To Rise Amid Anticipation Of Imminent Crypto ETF Approval!

Crypto prices continue to rise in anticipation of the imminent approval of a Bitcoin ETF by the U.S. SEC. BlackRock, the world's largest asset manager, has submitted an updated filing for a spot Bitcoin (BTC) ETF under its subsidiary iShare Bitcoin Trust to the SEC on December 4. In a closely timed move, Bitwise, the leading crypto index fund manager, also updated its filing just an hour prior to BlackRock.

November 10, 2023

U.S. Authorities Charge Founders Of Collapsed Crypto Startup Bitwise!

In a stunning development, the U.S. Securities and Exchange Commission (SEC) has filed charges against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno-based tech startup Bitwise Industries Inc. The allegations suggest the duo engaged in deceitful practices to mislead investors about the financial status of the company. Both Soberal and Olguin have agreed to a settlement of these charges.

FinTelegram

November 9, 2023

Crypto Markets Bullish About The Possibility Of Soon-To-Be Approved Bitcoin EFTs!

The crypto community is buzzing with anticipation as the U.S. Securities and Exchange Commission (SEC) nears a pivotal decision period for approving Bitcoin exchange-traded funds (ETFs). The Bitcoin price has risen to almost $37,000 in the last few hours in hopes that the SEC will soon approve Bitcoin ETFs. The possibility of the SEC greenlighting as many as 12 pending spot Bitcoin ETF applications by mid-November looms large.

September 1, 2023

SEC Postpones Spot Crypto ETF Decisions, Affecting Major Players like BlackRock and Fidelity

On "Bloomberg Markets," Michael Sonnenshein, the CEO of Grayscale Investments, characterized the U.S. appeals court's decision to overturn the U.S. Securities and Exchange Commission's (SEC) block on his company's proposed Bitcoin exchange-traded fund (ETF) as a significant victory. This ruling has reignited optimism for launching the inaugural US crypto ETF. However, the SEC has pushed back its decision deadline until October for all the applications.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.