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First US approved Bitcoin exchange traded fund
The US Securities and Financial Markets Commission (SEC) has approved spot bitcoin exchange-traded funds (ETFs) for investors. This comes a year after the agency had rejected the Winklevoss twins’ Bitcoin Trust, citing concerns about how Bitcoin is valued and held. A number of firms including Valkyrie Investments and Digital Currency Group have been approved for…
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The groups were sued for over $1 Billion for fraud
The state attorney general of New York has accused the Winklevoss twins’ cryptocurrency exchange FTX, Genesis and Digital Currency Group of lying to their customers. The trio is accused of causing about $1 billion in losses for customers. FTX Founder Cameron Winklevoss is currently standing trial for fraud and was charged with causing $1 billion…