Since Grayscale's recent victory over the SEC, the potential approval of a Bitcoin ETF has piqued the hopes of the crypto community. A recent rumor on the matter seems to fan these hopes even further. However, it remains to be confirmed.
October starts off on a high note for cryptocurrency enthusiasts. We're referring to the sudden rally that is currently propelling Bitcoin and Ethereum to new highs. Dubbed 'Uptober,' this unexpected surge is triggering optimistic forecasts within the crypto community. Leading up to it, the market has seen over $70 million in liquidated crypto shorts in just a matter of hours.
From the surprising cyberattack faced by Huobi, to the mounting pressure on the SEC regarding the approval of the Bitcoin ETF, and the bold initiative by NASA to use blockchain to authenticate its moon landings – the week has been full of twists and turns. And that's just a glimpse. Let's dive into these stories and more to start this new week with a clear view of the crypto horizon!
VanEck anticipates that its request for the deployment of an Ethereum ETF futures will receive approval from the SEC in the near future. This prediction is accompanied by an extensive charm offensive aimed at the crypto community. Recently, VanEck has made a commitment to donate a portion of its profits derived from its ETH ETFs to Ethereum. Details!
During a congressional hearing, SEC Chairman Gary Gensler reaffirmed that Bitcoin is not a security. However, he refrained from categorizing it as a commodity, leaving doubts about the exact classification of this flagship cryptocurrency.
The crypto arena is on the verge of a revolution. According to Bloomberg analysts, the first Ethereum Spot ETFs could make their debut in the U.S. market as early as next week.
No, it's not over yet! The ongoing dispute between Binance and the SEC seems far from reaching a resolution. However, it appears that BAM Trading and BAM Management, two entities of the crypto company, have been granted an extension to respond to court orders.
With over 100 million users, Binance easily claims the title of the world's largest cryptocurrency exchange. If CZ's exchange were to fall victim to the initiatives of U.S. regulators, others (Kraken, Coinbase, and the like) would melt away like snow in the sun. And apparently, the U.S. Department of Justice is preparing to launch an assault on this crypto behemoth with feet of clay.
In a climate of heightened anticipation, the crypto community eagerly awaits the SEC's verdict on Bitcoin spot ETFs. Several U.S. lawmakers, recognizing the significance of the matter, are actively urging the SEC to approve these ETFs without further delay.
Recently, the CEO of Binance stepped up to defend his highly popular cryptocurrency exchange. According to the latest news, Changpeng Zhao, aided by Binance.US lawyers, has asked the court to dismiss the US SEC's lawsuits. Let's break it down!
Given its trajectory, the legal battle between Binance and the SEC is expected to persist, akin to the Ripple case. The Securities and Exchange Commission appears to have multiple strategies at its disposal, while Binance remains resolute. Recently, its CEO, Changpeng Zhao (CZ), defended his cryptocurrency exchange on X (formerly Twitter). Here are the key points:
John Deaton, l’avocat et fervent défenseur des droits des détenteurs de la crypto Ripple secoue les marchés avec un tweet.
Concernant l'affaire Ripple vs SEC, le PDG de la société crypto est optimisme quant à l’issue du procès. Il explique pourquoi...
The ever-changing crypto arena recently witnessed a major victory for Grayscale, marking a significant rout for the SEC. At the heart of this event, two giants of the cryptosphere, Ripple and Coinbase, scan the horizon with renewed confidence.
September 1ᵉʳ is the deadline given to the U.S. Securities and Exchange Commission (SEC) to rule on Bitcoin ETF applications. This is the date by which Bitwise will know whether its ETF will win SEC approval. Five other applicants will receive a response from the regulator the following day, while one will have to wait until September 04.
The journey towards a potential Bitcoin ETF has so far been long and arduous. But some key decisions in the race are likely to be made this week. Meanwhile, the crypto faithful are waiting to see how things play out this time.
The legal battle between Ripple and the SEC remains fierce, constantly bringing new dimensions. Veteran crypto lawyer John Deaton has lifted the veil on a secret XRP memo, potentially decisive in influencing the outcome of the ongoing trial.
While the SEC is waging an anti-crypto war, the US regulator has just suffered a setback against Grayscale regarding the Bitcoin ETF. The federal court ruled today in favor of Grayscale's petition for review. In setting aside the SEC's order, the court ruled in favor of the American investment giant. This decision could pave the way for approval of the Bitcoin ETF.
The legal battle between Ripple and the SEC has reached a crucial stage, with major announcements regarding upcoming hearing dates and related deadlines. This battle, which has major implications for the future of Ripple and the crypto market, is taking a decisive turn. Let's dive into the latest developments in this thorny case.
After a rather rough week, XRP, Ripple's native crypto, is back in the spotlight. A significant rise that propels it to the top of the altcoin rankings. So who do we thank? To the whales, who are doing a remarkable job on the markets.
The Securities and Exchange Commission (SEC) continues to postpone its decision on Bitcoin ETFs. Despite this dilatory strategy, many observers remain convinced that these crypto index funds will see the light of day in the United States by 2024. Here are some explanations.
The legal battle between the SEC and Ripple Labs seems never-ending. Judge Torres has approved the request for an investment banker to appear as a declarant in the case between the two parties. The purpose of the declarant is to protect stakeholders in this context of uncertainty, in which the regulator has appealed the decision.
In an interview, Gary Gensler stresses that we shouldn't underestimate AI's potential to cause future financial crises. He therefore calls for rigorous regulation to minimize the risks.
Coinbase CEO Brian Armstrong said the SEC asked the platform to remove any assets other than Bitcoin from its list. All crypto assets except Bitcoin were, in fact, securities and had to be removed from the list, the regulator said. According to Armstrong, accepting this request would lead to the end of the crypto industry.
Cardano (ADA) puts in a string of masterful performances despite the regulatory crackdown in the USA. Just when everything seems to be going well, network founder Charles Hoskinson announces a fascinating update that should take Layer 2 solutions to the next level.
Securities and Exchange Commission (SEC) Chairman Gary Gensler testified before the Senate during a session of the SEC's FY2024 Budget Subcommittee. During his speech, he raised important issues related to the regulation of the crypto sector, calling certain aspects “the Wild West”.
The Ripple VS SEC case has undeniably left its mark on the crypto market. The case has taken a new twist, with Judge Analisa Torres ruling in favor of the crypto company. Even if this is only a partial victory, Ripple intends to take advantage of this opportunity to broaden the prospects for XRP adoption.
Ripple's battle with the SEC came to an end last week. While the settlement company must feel relieved, the regulator hasn't said its last word. If CEO Gary Gensler's statements are anything to go by, it's not all over yet.
Judge Analisa Torres recently handed down her verdict in the XRP case between Ripple and the SEC. The decision, favorable to the crypto firm, is however only partially settled.
Judge Analisa Torres' verdict was clear: XRP is not a security. A great victory, chanted the crypto community, who saw the SEC's recent attacks as a vendetta. But there's a twist. The U.S. regulator counted a direct sale of XRP to investors to the tune of $728.9 million. In such a context, Ripple's token becomes a security once again. A cold shower for the cryptosphere.