Keep track of Grayscale’s victory over the SEC, Ben Armstrong getting the boot and delays for spot Bitcoin ETFs.
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SEC delays BTC ETF decision, Grayscale triumphs SEC, and BitBoy gets the boot: Hodler’s Digest, Aug 27 – Sept 2
Keep track of Grayscale’s victory over the SEC, Ben Armstrong getting the boot and delays for spot Bitcoin ETFs.
SEC delays BTC ETF decision, Grayscale triumphs SEC, and BitBoy gets the boot: Hodler’s Digest, Aug 27 – Sept 2
Crypto asset manager Grayscale Investments recently scored a big win in its battle against the United States Securities and Exchange Commission.
In an ongoing effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF), the U.S. appeals court judge accepted Grayscale’s argument that the SEC’s rejection of its recent ETF application was unfair.
The SEC had alleged that the GBTC didn’t have enough safe practices and fraud protection in place.
Judge Neomi Rao gave the green light to Grayscale’s request for a second review.
Previously, Rao said that the SEC did not “offer any explanation” as to why Grayscale was in the wrong.
Attorney outlines Ripple-SEC settlement path amid Coinbase case impact
Deaton clarified that even if an appeal were possible in such a situation, the agency's authority would be diminished.
Attorney outlines Ripple-SEC settlement path amid Coinbase case impact
Deaton clarified that even if an appeal were possible in such a situation, the agency's authority would be diminished.
Cathie Wood bullish on Bitcoin and AI convergence
Cathie Wood, CEO of Ark Invest, shares her views on the intersection of Bitcoin and Artificial Intelligence, highlighting its economic implications.
FTX court filing reveals former Alameda CEO's $2.5M yacht purchase
The payment to the American Yacht Group was disclosed under the category of payments benefiting any insider within one year prior to the crypto exchange collapse.
How Web3 can prevent Hollywood strikes - Replay joins Cointelegraph Accelerator
Hollywood strikes echoed the unbalanced value distribution in the streaming video industry — blockchain can change that.
Whale Alert sparks speculation as XRP transfers surge
This substantial move has sparked speculation about its potential impact and its proximity to the $1 price point.
Whale Alert sparks speculation as XRP transfers surge
This substantial move has sparked speculation about its potential impact and its proximity to the $1 price point.
UK MPs call for global alliance to tackle AI misuse
This collaboration aims to collectively safeguard against actors, whether state-affiliated or not, who seek to misuse AI for their objectives.
MakerDAO co-founder proposes fork of Solana codebase for native chain
Rune Christensen stated that Solana’s codebase should be the foundation of MakerDAO’s upcoming blockchain, as he highlighted that it’s optimized for building “highly efficient blockchains.”
Ripple legal team opposes SEC appeal over XRP decision
Lawyers argued the SEC’s grounds for an appeal was based on “dissatisfaction” with a July court decision that the XRP token did not largely qualify as a security.
Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined
DeFi exploits resulted in losses of over $16 million in August.
Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined
DeFi exploits resulted in losses of over $16 million in August.
Kentucky regulator denies plan for subsidizing crypto mining facility
A proposed contact with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade.
Price analysis 9/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
Bitcoin’s (BTC) volatility has increased over the past few days. The price soared on Aug. 29 after Grayscale scored a victory over the United States Securities and Exchange Commission (SEC). However, the euphoria was short-lived as the price gave back all the recent gains on the news that the SEC delayed the decision on all seven spot Bitcoin exchange-traded fund applications.
News related to Bitcoin ETFs has been the major trigger for the markets in the past few days. Bloomberg ETF analysts remain upbeat over the possibility of the ETFs being approved by the regulator in 2023. In an Aug. 30 post of X (formerly Twitter), Bloomberg senior ETF analyst Eric Balchunas bumped up the approval possibility of a spot Bitcoin ETF from 65% to 75%.
Daily cryptocurrency market performance. Source: Coin360In the near term, the bulls face an uphill battle as September has traditionally favored the bears. According to CoinGlass data, Bitcoin has seen negative returns in September for the past six consecutive years. Will the trend continue in 2023?
The weakness in Bitcoin is affecting several major altcoins, which have dropped close to their strong support levels. Will the decline extend further or is it time for a bounce to happen? Let’s study the charts of the top-10 cryptocurrencies to find out.
Bitcoin price analysis
The bulls failed to defend the 20-day exponential moving average ($26,947) on Aug. 31. That started a sell-off which pulled Bitcoin below the breakout level of $26,833.
Price analysis 9/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
Bitcoin and most altcoins gave back the entirety of their gains shortly after the SEC decided to delay issuing a decision on all of the recently filed spot Bitcoin ETF applications.
Price analysis 9/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
Bitcoin and most altcoins gave back the entirety of their gains shortly after the SEC decided to delay issuing a decision on all of the recently filed spot Bitcoin ETF applications.
Bitcoin continues to outperform Warren Buffett’s portfolio, and the gap is set to widen
Spot and levered Bitcoin positions have outperformed Berkshire Hathaway stock performance since early 2019. It is time for Warren Buffett to buy Bitcoin?