The US Securities and Exchange Commission (SEC) has again postponed its decision on approving spot Ethereum exchange-traded funds (ETFs). Requesting further analysis and public comments.
In a recent filing, the SEC indicated that the delay is intended to ensure that any proposed rule changes comply with the requirements of the Securities Exchange Act. Especially in regards to the prevention of market manipulation, investor protection and fairness in trade.
On August 7, NYSE American LLC, together with Grayscale and Bitwise, submitted a proposal to list and trade Ethereum products, including the Bitwise Ethereum ETF and the Grayscale Ethereum Trust. Additionally, the SEC is evaluating whether BlackRock’s iShares Ethereum Trust, a similar fund, meets regulatory standards for listing on the market.
Bitcoin-fog-en-la-mayor-ofensiva-contra-los-mezcladores-de-criptomonedas-en-estados-unidos”>The founder of “Bitcoin Fog” is sentenced to 12 years in the largest offensive against Cryptocurrency mixers in the United States
Roman Sterlingov, founder of Bitcoin Fog, the darknet’s oldest cryptocurrency mixer, has been sentenced to 12 years and six months in prison. This, in a ruling that marks a milestone in the US government’s campaign against crypto-asset mixing services.
Sterlingov, convicted in March of money laundering and illegal operation of a money transmission business, faced a possible sentence of up to 30 years.
The Department of Justice (DOJ) noted that Bitcoin Fog, throughout its ten-year operation, was a resource used by criminals to “hide their illicit profits.” Moving more than 1.2 million Bitcoins, valued at USD 400 million at the time. In addition to the sentence, Sterlingov must pay a fine of $395 million and hand over seized cryptocurrencies worth $1.76 million.
OpenSea presents its new interface with XP rewards system and focus for advanced traders
Just days after the announcement of the renewed version of OpenSea, the pioneering NFT marketplace, the community is already discovering details of the redesign. NFT trader John.weth shared a preview of the new interface, which is still in beta, on X and explained that features could see changes.
The redesign includes an “XP” rewards system, which allows users to earn points by listing items or bidding on the platform’s best collections.
According to OpenSea, XP represents users’ progress in the market and those who try to manipulate the ranking with “false liquidity” could be penalized by having their points reduced. A loyalty program will also reward users who list their NFTs exclusively on OpenSea, with additional bonuses for the most active.
Tether Makes Its First Crude Oil Trade, Boosting Global Trade with USD
Tether, a leader in the digital asset sector, has taken a big step into the world of commodities trading by funding its first crude oil transaction.
In October, Tether’s investment arm facilitated a deal valued at $45 million to transport 670,000 barrels of oil from the Middle East. This, in collaboration with a large oil company and a prominent raw materials trader.
This move reflects Tether’s commitment to transform global commerce through its USD stablecoin, with which it offers a fast and economical alternative to traditional transactions. Paolo Ardoino, CEO of Tether, assures that this advance is just the beginning: «This operation underlines our commitment to modernize commercial financing. “With USDT, we bring unprecedented efficiency to a historically slow and expensive sector.”
Through this initiative, Tether seeks to open the way to new sectors. Including technology, agriculture and finance, in its mission to promote greater inclusion and transparency in global trade flows.
Do you want to always be updated in the world of cryptocurrencies? Subscribe now to the CriptoTendencia WhatsApp channel! Here you will instantly receive the most relevant information about Bitcoin, Altcoins, DeFi, NFTs, Blockchain and the Metaverse.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
