Dive into my world of fashion and politics
Grayscale secured a landmark win for the crypto industry and potentially open the door for its first U.S. spot bitcoin exchange-traded fund (ETF) after a federal court Tuesday sided with the world’s largest bitcoin trust and found that the Securities and Exchange Commission (SEC) must review its rejection of Grayscale Investments’ attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF.
The Securities and Exchange Commission is continuing its target against the world of crypto, suing the world’s largest crypto exchange Binance and its billionaire founder, Changpeng Zhao on Monday by alleging the company commingled billions of user funds and diverted those assets to an entity “owned and controlled” by Zhao.
Embattled FTX founder Sam Bankman-Fried has been arrested in the Bahamas Monday evening after federal prosecutors in Manhattan filed criminal charges, setting the stage for extradition to the U.S.
Nike and Coca-Cola are among a number of American retail giants lobbying Congress effortlessly to weaken a proposed legislation aimed at banning importing goods manufactured from a region of China where products are being made through forced labor by minority Muslim groups, according to a report on Sunday.
