Tuesday, December 5, 2023

SBF ordered to jail, Bitcoin ETF delayed and SEC to appeal Ripple case: Hodler’s Digest, Aug. 6-12

Must read

Stocks Drift as Doubts Settle on Goldilocks Rally: Markets Wrap

(Bloomberg) -- Stocks drifted as traders pushed back on optimistic scenarios that central bankers will cut interest rates in time to avert recession.Most Read...

China’s Colossal Hidden-Debt Problem Is Coming to a Head

Mounting financial stress at local governments leads Moody’s to lower its outlook on China’s credit ratingUpdated Dec. 5, 2023 3:59 am ETChina is trying...

AT&T Taps Ericsson for $14 Billion Network Revamp, Ousting Nokia

(Bloomberg) -- Shares of Nokia Oyj. dropped as much as 10% on Tuesday after AT&T Inc. chose rival Ericsson AB to modernize its US...

Investing.com - Financial Markets Worldwide

Please try another search

Published Aug 12, 2023 03:37PM ET Updated Aug 13, 2023 04:20PM ET

SBF ordered to jail, Bitcoin ETF delayed and SEC to appeal Ripple case: Hodler’s Digest, Aug. 6-12 SBF ordered to jail, Bitcoin ETF delayed and SEC to appeal Ripple case: Hodler’s Digest, Aug. 6-12

FTX’s former CEO, Sam SBF Bankman-Fried, had his bail revoked by a federal judge in response to the release of information to The New York Times allegedly intended to intimidate witnesses. During a hearing on Aug. 11, Judge Lewis Kaplan revoked Bankman-Fried’s bail and remanded him to custody, likely at the Putnam County Correctional Facility. Once his October trial begins, he could be moved to the Metropolitan Detention Center in Brooklyn. Bankman-Fried was reportedly led out of the courtroom in handcuffs. In Kaplan’s view, Bankman-Frieds interviews with NYT reporters resulted in sharing information with the likely intention to hurt and frighten former Alameda Research CEO Caroline Ellison, his former colleague and girlfriend.

The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve or disapprove the spot exchange-traded fund (ETF) proposed by ARK Investment Management and 21Shares. ARK originally filed to list the ETF in May, giving the SEC a maximum of 240 days until January 2024 to reach a final decision. The SECs latest move is fueling expectations that a final verdict will come as part of a batch that includes applications from key players on Wall Street, including BlackRock (NYSE:) and Fidelity Investments.

Subscribe

The most engaging reads in blockchain. Delivered once a week.

Continue Reading on Coin Telegraph

More articles

Latest article

Stocks Drift as Doubts Settle on Goldilocks Rally: Markets Wrap

(Bloomberg) -- Stocks drifted as traders pushed back on optimistic scenarios that central bankers will cut interest rates in time to avert recession.Most Read...

China’s Colossal Hidden-Debt Problem Is Coming to a Head

Mounting financial stress at local governments leads Moody’s to lower its outlook on China’s credit ratingUpdated Dec. 5, 2023 3:59 am ETChina is trying...

AT&T Taps Ericsson for $14 Billion Network Revamp, Ousting Nokia

(Bloomberg) -- Shares of Nokia Oyj. dropped as much as 10% on Tuesday after AT&T Inc. chose rival Ericsson AB to modernize its US...

The Rise of Temu’s Chinese Parent Will Reshape E-Commerce

PDD, the owner of fast-growing Temu, is muscling into the U.S. in a way Alibaba never didUpdated Dec. 5, 2023 12:06 am ETMove over,...