SEC denies petition to change ‘gag order’ rule after 5 years 

The US Securities and Exchange Commission will not be changing its long-established rule that prohibits defendants from publicly claiming innocence after penning settlement agreements with the regulator. 

The SEC on Tuesday denied a petition to amend the so-called “gag-order” rule filed by the nonprofit New Civil Liberties Alliance (NCLA) more than five years ago. Under the policy, which was adopted in 1972, defendants who settle are barred from ever claiming innocence or “creating the impression that the complaint is without factual basis.” 

The NCLA asked the SEC to change the rule in 2018, claiming that prohibiting US citizens from criticizing their cases post-settlement…

Read more on Blockworks

Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Bitcoin: Market Cap of $849 Billion.
  2. Solana: Market Cap of $43.5 Billion.
  3. Sui: Market Cap of $1.7 Billion.

MIDCAP COINS:

  1. Manta Network: Market Cap of $791 Million.
  2. Bittensor: Market Cap of $2.6 Billion.
  3. Gorilla: Market Cap of $5.3 Million.

RISING COINS:

  1. MAGA: Market Cap of $53.6 Million.
  2. Pepe: Market Cap of $388 Million.
  3. Peapods: Market Cap of $73.6 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Bitcoin: Digital Mineral Rights For The Future

In Texas, the legacy of mineral rights ownership is a narrative etched into the very bedrock of state history. Passed down through generations like a cherished heirloom, the ownership of mineral rights is more than a legal claim; it is a cultural emblem, a symbol of resilience, and a precious legacy. The wealth and prosperity created for mineral rights owners in Texas over time through the extraction and production of hydrocarbon minerals is tremendous but also comes with a heavy responsibility. That responsibility demands a farsighted financial perspective and a commitment to ethical and environmental stewardship to ensure the well-being of future generations who will inherit the…

Read more on BitcoinMagazine

NEW: Spot Bitcoin ETFs Earn Praise as Best Launches, 21Shares President Says

In a significant endorsement for the cryptocurrency market, Ophelia Snyder, co-founder and president of 21Shares, highlighted the overwhelming success of spot Bitcoin ETFs in a recent Bloomberg interview. The U.S. Securities and Exchange Commission’s approval of these ETFs, including a joint venture between 21Shares and Ark Invest, has ushered in a new era of crypto investments, amassing over $600 million in assets in just a few weeks. This remarkable achievement is not just a milestone but a testament to the growing acceptance and enthusiasm for Bitcoin among investors.

Snyder’s excitement stems from the diverse investor base contributing to this trend, which not only enriches the crypto community but also promises to shape its future landscape. Despite the initial $1 billion inflow being seen as modest, Snyder remains optimistic, emphasizing the infancy of these products in the market. Her outlook remains buoyant, with a keen eye on the potential approval of Ethereum ETFs, underscoring a pivotal moment for the crypto ecosystem at large.

Interview

BTCO Fee Reduction | Galaxy Invesco Bitcoin ETF

Invesco and Galaxy Asset Management recently made headlines in the Bitcoin Exchange-Traded Funds (ETFs) market, as they strategically cut fees to attract investors in a competitive market.

Invesco Galaxy’s BTCO Fee Reduction Strategy

In a bid to stay competitive, Invesco Galaxy has significantly lowered the fees for their Bitcoin ETF, BTCO. The sponsor fee, initially at 0.39%, has been slashed to 0.25%, bringing it in line with industry heavyweights like BlackRock, Fidelity, and others.

Competitive Fee Landscape

The move follows a broader trend in the industry, where issuers have been racing to lower fees even before the official approval of spot Bitcoin ETFs by the Securities and Exchange…

Read more on bitcoinnews

Global X Bitcoin ETF | Cboe Exchange Withdraws Application

In a surprising turn of events, the Cboe BZX Exchange has decided to withdraw its application for a proposed rule change with the United States Securities and Exchange Commission (SEC), a move that could have paved the exchange’s way for listing shares of Global X’s spot Bitcoin Exchange-Traded Fund (ETF).

The SEC, in a notice on January 30, officially announced the withdrawal of Cboe BZX’s application for trading shares of the Global X Bitcoin Trust. This submission, which was initially filed on August 4, 2023, sought approval for a rule change aimed at facilitating the listing and trading of shares associated with the Global X Bitcoin Trust.

Global X Bitcoin ETF: Twice Extension by… Read more on bitcoinnews

Jian Wen | £5 Billion UK Bitcoin Laundering Scandal

In a gripping courtroom saga, a British-Chinese woman, Jian Wen, finds herself at the center of a trial for laundering bitcoin tied to a staggering £5 billion fraud committed by her former employer, Yadi Zhang, who remains a fugitive from Chinese authorities.

The trial, unfolding at Southwark Crown Court in London, exposes intricate layers of deception, digital asset manipulation, and lavish lifestyles.

Jian Wen: The Unraveling Story

Jian Wen, 42, faces three counts of money laundering on behalf of Yadi Zhang, who orchestrated a massive wealth management fraud in China between 2014 and 2017. Zhang allegedly drained £5 billion from over 128,000 Chinese investors and converted them into…

Read more on bitcoinnews

LATEST: Robert Kiyosaki Endorses Bitcoin as a Safe Money Haven

Robert Kiyosaki, the author known for “Rich Dad Poor Dad,” believes Bitcoin can protect people’s money from the problems caused by banks and the government. He says that these big institutions take away the value of our money by making things cost more (inflation), taking more taxes, and controlling stock prices. So, he’s choosing Bitcoin over usual investments like stocks or regular money because Bitcoin doesn’t lose its value in the same way.

Even though Kiyosaki wasn’t sure about Bitcoin before, he now thinks it’s as important as gold and silver for keeping your wealth safe. He sees Bitcoin as more than just a way to make quick money; he thinks of it as a real way to keep your money safe over time. This shows more people are starting to trust Bitcoin as a safe place to keep their money away from traditional money problems.

Twitter

Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. Jupiter (JUP): 58%
  2. Gorilla (GORILLA): 54%
  3. Chirpley (CHRP): 46%
  4. BombCrypto (BCOIN): 21%
  5. Berry (BERRY): 17%

$10M – $100M MarketCap:

  1. TrustSwap (SWAP): 104%
  2. Arcblock (ABT): 48%
  3. AngelBlock (THOL): 21%
  4. GamerCoin (GHX): 17%
  5. Openfabric AI (OFN): 17%

$100M – $1B MarketCap:

  1. Nervos Network (CKB): 20%
  2. DeFiChain (DFI): 18%
  3. Maverick Protocol (MAV): 16%
  4. ApeX Protocol (APEX): 15%
  5. Sleepless AI (AI): 14%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

NEW: Bitcoin to Dominate Traditional Money, Says Billionaire Tim Draper

In a recent Bloomberg interview, billionaire investor Tim Draper humorously questioned why people still heed his advice after missing his initial Bitcoin forecast. Nonetheless, Draper’s belief in Bitcoin hasn’t wavered, now predicting it will reach $250,000 by 2025. Despite his previous forecast not materializing—attributed to underestimating the U.S. government’s cautious cryptocurrency stance—Draper’s outlook on Bitcoin remains bullish.

Draper sees Bitcoin as a beacon of stability in countries with volatile currencies, envisioning a future where it becomes a universally accepted currency, eliminating the need for traditional money. His comparison of Bitcoin’s evolution to the early days of Microsoft underscores his belief in its potential to dominate various financial sectors, including decentralized finance (DeFi) and non-fungible tokens (NFTs).

As an early Bitcoin adopter and significant figure in the cryptocurrency world, Draper’s investment moves and predictions have often been ahead of their time. His vision for Bitcoin extends beyond a store of value, aiming for a global financial system transformation where Bitcoin’s finite supply and resistance to political manipulation render it a superior currency

Interview