Winklevoss Bitcoin ETF Revisions Reflect Consumer Protection Concerns
Cameron and Tyler Winklevoss submitted a revised filing with the US Securities and Exchange Commission (SEC) on 20th February for Winklevoss Bitcoin Trust, the long-awaited bitcoin exchange-traded fund (ETF) the investors first proposed in 2013. The official submission, came just weeks after the Winklevosses revealed they were in dialogue with regulators about revising the proposal with the agency. A filing for the Winklevoss Bitcoin Trust was first submitted in July 2013. Perhaps, most notable of the changes was the inclusion of Winklevoss Index - or Winkdex for short - into the document.....
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The US Consumer Financial Protection Bureau (CFPB) incited a mixed response from the bitcoin community on 11th August when it issued a new warning to US consumers. The release evoked sometimes strong language in an attempt to warn the public about the potential dangers of engaging with the bitcoin ecosystem, with CFPB Director Richard Cordray likening the ecosystem to a virtual 'Wild West'. Following the release of the guidance, CoinDesk reached out to the CFPB for more details on how the agency has been working to educate its employees and consumers about bitcoin and digital currency, and....
A decentralized future, with Web 3.0 and blockchain at its core, will provide the best practices in users’ privacy and data protection. Today’s consumers are willing to trade their data for personalization but have fast-growing concerns about data privacy. In a survey from a digital security and credential issuance company Entrust, only 21% of the respondents trust established global brands to keep their personal information secure.As data privacy pressure on Big Tech increases, these companies are starting to make significant investments in security solutions.Regulations around the world....
Earlier today, the Winklevoss Bitcoin Fund, an exchange-traded fund (ETF) founded by Cameron and Tyler Winklevoss formally filed for shares on Nasdaq. The Bitcoin Trust filed with the Securities Exchange Commission to apply to sell 1 million shares. Astute observers have read between the lines and noted that a lack of a specific launch date and/or expense ratio indicates that the ETF is still months away from seeing the public light. Also read: SEC Receptive to Winklevoss Bitcoin Trust ETF. Winklevoss Bitcoin Trust ETF. The Winklevoss Bitcoin Trust is officially sponsored by Math-Based....
Bitcoin didn’t have its best day yesterday when the Securities Exchange Commission (SEC) issued its first decision on a bitcoin exchange-traded fund (EFT) by rejecting the Winklevoss ETF. But the Winklevoss twins are hopeful that the commission will come around to working with them on bringing an EFT to market. An ETF would allow investors to invest in bitcoin the way they purchase funds that track tangible currencies. Tyler Winklevoss released a statement saying they look forward to working with the SEC, noting they are determined to continue the project they began four years ago. He said....
Surely by now you've heard of the bitcoin ETF (exchange-traded fund) created by Cameron and Tyler Winklevoss, the twins who made claims that Facebook's Mark Zuckerberg stole their social network idea. Some changes may be in order, according to the ETF's lawyer, Kathleen H. Moriarty of the Katten Muchin Rosenman LLP law firm. Moriarty said this week she is "in dialogue" with regulators at the Securities and Exchange Commission (SEC) to revise the ETF plan. According to Moriarty, revisions to ETFs can take several years of waiting, between resubmitting applications and receiving comments....