Genesis Global Capital Files for Over $600M in Unpaid DCG Loans: Court Docs
Genesis Global Capital, a subsidiary of Digital Currency Group, filed in court for DCG to repay outstanding loans in excess of $600 million on Wednesday.
FASB Says Crypto Assets Should Be Marked at Current Values
The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for in the markets, according to the Financial Accounting Standards Board (FASB).
Cathie Wood’s ARK Invest Files for First Spot Ether ETF
The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.
Buy Ether Instead of Bitcoin to Ride ETF Momentum, Crypto Research Firm Says
There’s a high probability of approval on or before the SEC’s final deadline in mid-October for a decision on the first ether futures ETF in the U.S.
SEC Has ‘No Grounds’ to Reject Bitcoin ETF Conversion, Grayscale Says
The SEC was last week ordered to review its prior rejection of the conversion of the Grayscale Bitcoin Trust (GBTC), though not necessarily to approve it.
Coinbase Creates New Crypto Lending Service Geared Toward Large Investors
Coinbase (COIN) raised $57 million for the platform as of Sept. 1, according to an SEC filing.
Explaining Ethereum’s ‘Risk Free’ Rate of Return
(Sammie Chaffin/Unsplash, modified by CoinDesk)
‘Ethereum Supreme Court’ Mooted by Blockchain Executive as Alternative to ‘Code Is Law’
A proposal from Matter Labs co-founder Alex Gluchowski would see a “hierarchical system of on-chain courts” arbitrate on-chain disputes.
Stop Thinking About ‘Wins’ or ‘Losses’ in the Bitcoin ETF Debate
(GR Stocks/Unsplash, modified by CoinDesk)
Genesis to Shutter Crypto Trading Desk for U.S. Market
Genesis Global Trading will halt its crypto OTC desk later this month.