Bitcoin analysis flags liquidity waiting in the wings above and below the current BTC price range, while GBTC erases more of its discount. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-price-25k-target-sec-decision-boosts-gbtc
Month: October 2023
SEC Won’t Appeal Grayscale Bitcoin ETF Ruling: Reports
The Securities and Exchange Commission does not plan to file a last-minute appeal challenging an August court ruling that makes it more likely crypto asset manager Grayscale will be cleared to launch a Bitcoin ETF, according to reports from Reuters and Bloomberg, citing unnamed sources. A federal appeals court in August ruled that the SEC had been “arbitrary and capricious”…
Caroline Ellison desired to step down but feared a bank run on FTX
Ellison spent over ten hours testifying during Bankman-Fried’s trial this week, notably entering through the front doors of the federal court in Manhattan, joined by her attorneys. According to Ellison, she had not seen Bankman-Fried since the crypto empire failed in November last year. But their communication eroded even months before. In April 2022, their romantic relationship came to an…
US authorities monitor China-linked Bitcoin miners amid national security concerns: Report
Officials within the United States government were reportedly keeping tabs on certain cryptocurrency mining operations with ties to China. According to an Oct. 13 report from The New York Times, many Bitcoin (BTC) data centers based in the U.S. can be traced directly to the Chinese government, raising concerns over operations in close proximity to military bases and other areas…
Ripple’s Win Over SEC Gave XRP a Massive Boost—That’s All Gone Now
The price of Ripple (XRP) exploded back in July after an American judge ruled that the asset was not a security in certain cases. It has now erased those gains and is currently one of the worst-performing cryptocurrencies over the past week. XRP at the time of writing was trading for $0.48, according to CoinGecko. That’s a 8% drop in…
Microsoft Now Owns ‘Call of Duty’ Maker Activision Blizzard—What Happens Next?
After a lengthy legal battle with regulators, Microsoft’s $68.7 billion acquisition of game publisher Activision Blizzard is complete, adding another stack of franchises and studios to the tech company’s portfolio. Microsoft’s Xbox division just picked up massive gaming brands like Call of Duty, Warcraft, Candy Crush Saga, and Overwatch in the process, joining already-owned IP like Minecraft and The Elder…
What Happens If the SEC Doesn’t Appeal Grayscale Bitcoin ETF Ruling?
After 45 days, the Securities and Exchange Commission has mere hours remaining before a recent court decision in favor of Grayscale becomes final at midnight. So far, the SEC hasn’t said a word about it. On August 29, a federal court ruled that the SEC was being “arbitrary and capricious” in rejecting Grayscale’s bid to convert its Grayscale Bitcoin Trust…
Google Adds AI Features to Search and Browsing May Never Be the Same
Google has announced new AI features coming to Google Search, including the ability to generate images and writing inspiration using the company’s latest generative AI capabilities. “Search has long been a place where you can find information to help with life’s questions—whether they’re big or small. Advances in AI have driven us to develop simpler and smarter ways to help…
Microsoft’s Activision buy may see more metaverse in the office and crypto in gaming
A lot was said about the metaverse when the Microsoft deal to acquire Activision Blizzard was announced in January 2022. The attention mainly was on business communications, rather than gaming. If public statements and leaked documents are any guide, the Activision deal could promise more for the future of crypto than the metaverse. The metaverse had high visibility in Microsoft’s…
Ethereum, Solana and XRP Lead Losses in Rough Week for Crypto Market
The crypto market took a hard hit this week, with Ethereum, the second biggest digital asset, one of the most severely bruised. Every major coin and token is down significantly over the past seven days but Ethereum (ETH) is trading for $1,543—a drop of over 6% in the past week. The asset isn’t just suffering in the short-term, either: it’s at…