Consensys, a Target for the SEC's Assault on ETH, Is Fighting Back
Consensys and other crypto companies are pushing back against what they perceive as overzealous regulatory actions, with lawsuits and challenges being pursued. [ more ]
The cryptocurrency industry has long complained about a lack of legal clarity from regulators regarding digital assets.
Prometheum's decision to custody ETH as its first digital asset raises questions about compliance with the SEC and the classification of ether. [ more ]
The SEC approved 11 spot bitcoin ETFs, leading to record-breaking Day 1 trades of over $4.6B.
Regulatory scrutiny and enforcement in the crypto industry have increased, leading to the maturation of the industry and more cautious projects. [ more ]
US approves first spot bitcoin ETF applications for 11 issuers | TechCrunch
The U.S. Securities and Exchange Commission (SEC) has approved all 11 applications for spot bitcoin ETFs, potentially making it easier for institutional investors and consumers to invest in bitcoin.
The approved ETF issuers include BlackRock, Grayscale, Fidelity, and WisdomTree, among others. Some issuers are offering zero fees for a limited time. [ more ]
Bitwise Becomes First Spot Bitcoin ETF Provider to Provide Wallet Address
Bitwise became the first bitcoin ETF issuer to share its digital wallet address publicly, allowing anyone to verify the fund's holdings and flows on the blockchain.
Publishing on-chain addresses is a first step towards increasing public transparency in the crypto industry, and Bitwise hopes to do more in the future to provide real-time cryptographic attestations. [ more ]
BlackRock's Bitcoin ETF Could Attract a Record $3B Inflow in First Trading Day: CF Benchmarks
The SEC's approval of spot bitcoin ETFs in the U.S. may result in the largest influx of funds into a specific ETF on its first day of trading.
The iShares Bitcoin Trust (IBIT) from BlackRock could attract as much as $3 billion in inflows on its debut, setting a record for ETF history.
The approval of spot bitcoin ETFs opens up the opportunity for any investor to gain exposure to bitcoin without needing to go through a crypto exchange. [ more ]
Crypto prices and related stocks are surging as Bitcoin ETFs set to begin trading
The Securities and Exchange Commission (SEC) has announced its decision to allow 11 spot Bitcoin exchange-traded funds (ETFs) to begin trading on U.S. markets.
Shares in cryptocurrency exchanges and the prices of cryptocurrencies themselves are also seeing a significant increase following the SEC's decision. [ more ]
SEC approves spot bitcoin ETFs in game-changer for crypto industry
The US SEC has approved the first US-listed exchange-traded funds (ETFs) to track bitcoin, with products expected to begin trading on Thursday.
The approval of bitcoin ETFs is a significant milestone for the cryptocurrency industry, offering institutional and retail investors exposure to bitcoin without directly holding it.
Analysts predict that the ETFs could draw billions of dollars into bitcoin, potentially driving up the price of the cryptocurrency. [ more ]
The U.S. Department of Justice arrested the co-founders of Samourai Wallet, intensifying the crackdown on money laundering via privacy tools in crypto transactions. [ more ]
DePIN for the Win: Spreading the Benefits of the Gig Economy
The crypto industry's focus may shift towards remaking the operator economy, which could provide fairer and more efficient economic opportunities. [ more ]
A Trump victory in 2024 could benefit the crypto industry by enacting policies to strip down regulations.
Even without explicitly aligning himself with crypto, Trump would be better for the industry than the Biden administration's antagonistic stance. [ more ]
The Black Blockchain Summit aims to showcase the potential of crypto and blockchain technology to financially empower black people and address social issues.
Despite the negative reputation of the crypto industry, attendees at the summit remain optimistic about the power of crypto to bring about positive change. [ more ]
'We're Not Asking for Special Treatment': Coin Center on the Proposed IRS Broker Rules
The IRS broker rule, which expands the definition of a broker to encompass anything that touches code in crypto, has been widely criticized as overbroad and a violation of civil liberties.
Coin Center argues that the broker rule is impossible to comply with and could have devastating consequences for the crypto industry.
Over 120,000 public comments have been filed in response to the proposed rule, with many expressing concern and opposition. [ more ]