Day: January 27, 2022

SEC Rejects Fidelity’s Wise Origin Bitcoin ETF Proposal

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The U.S. Securities and Exchange Commission (SEC) refused to approve a Fidelity spot bitcoin exchange-traded fund (ETF), adding to the list of rejected applications. Rejection of Fidelity’s Wise Origin Bitcoin Trust on Thursday comes just seven days after the SEC threw out a spot bitcoin ETF application filed by investment advisory firm First Trust and hedge fund SkyBridge Capital. The rejection follows the precedent set by the SEC in preferring ETFs that track bitcoin futures. In December, the regulator rejected investment firm Kryptoin’s proposal to list a spot bitcoin ETF.…

Bitcoin Slumps Following Fed Confirmation Of Hike In Interest Rates

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The price of bitcoin has dropped after the Federal Reserve said that it will likely raise interest rates in March. Bitcoin lost its yesterday’s gain, now trading at $36k at press time. However, Fed Chairman Jerome Powell stated during a press conference that there is still a lot of uncertainty, including how many interest rate hikes will occur in 2022 and how rapidly they would climb. Bitcoin Loses Gains Following Fed Remarks Bitcoin lost its gains as investors and traders assessed Fed Chairman Jerome Powell’s remarks. Furthermore, Powell stated that the…

US Lawmakers Challenge Infrastructure's Bill Definition of 'Broker'

A group of United States representatives have challenged the infrastructure bill’s definition of “broker,” believing it to be incompatible with the crypto ecosystem. The 11 representatives, which include Patrick McHenry (R-N.C.), Tim Ryan (R-Ohio) and Tom Emmer (R-MN), have written to Secretary of the Treasury Janet Yellen asking for clarity on how the Infrastructure Investment and Jobs Act defines a broker. The bill, according to the letter dated Jan. 26., “affords the Department of Treasury the ability to interpret who within the digital asset ecosystem qualifies as a ‘broker.’ This…

To Hide or Not to Hide? That’s the Bitcoiner’s Question

Crypto has deep roots in the privacy space. But today’s bitcoiners aren’t quite as skittish about sharing their ID as the maximalists of yesteryear were. This week on “Opinionated,” Lili Rhodes of Foundation Devices argues why they should. Keeping one’s identity hidden – away from the government, from companies, from counterparties – is a table-stakes demand in the privacy game. Download this episode Does it have to be? Anna Baydakova, Danny Nelson and Ben Schiller spar over the nature of modern-day privacy, where and why it’s necessary, and whether bitcoin…

BTC Prices Shaken as Fed Keeps Rates Unchanged – Market Updates Bitcoin News

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Cryptocurrency markets were volatile on Thursday as traders appeared to react to the Federal Reserve’s decision to keep interest rates unchanged. Bitcoin and ethereum both saw price uncertainty, as markets now expect a March hike. Bitcoin After making a run towards the $40,000 resistance on Wednesday, trading above $38,000 in the process, BTC/USD fell to a low of $35,690.05 earlier in today’s session . Thursday’s move comes as market uncertainty within crypto increased, resulting in today’s candlestick forming a doji, which typically means prices are neither bullish nor bearish. Following…

SEC rejects application for Fidelity’s Wise Origin Bitcoin Trust spot ETF

The United States Securities and Exchange Commission has disapproved asset manager Fidelity’s Wise Origin Bitcoin Trust spot exchange-traded fund (ETF) application. According to a Thursday filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of Fidelity’s Wise Origin Bitcoin (BTC) Trust. The regulatory body said any rule change in favor of approving the ETF would not be aimed at preventing “fraudulent and manipulative acts and practices” nor would it necessarily “protect investors and the public interest.” The SEC extended its deliberation…

*INSANE* MOVE IS NEAR! BIG CHANGE HAPPENING FOR BITCOIN RIGHT NOW! [ALTCOIN NEWS]

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin is BULLISH or BEARISH? (In this video I explain EVERYTHING!) Sign-up for Choice & receive $50 in free bitcoin 👉 Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch The Whole Video)! 0:56 – Bullish or Bearish? 1:30 – Important to note 2:00 – Many are frustrated!!! [They NEED to consider THIS! 2:51 – Bitcoin will BLOW like 2020!!! 3:51 – Patterns like…

The Algorithmic Life Is Not Worth Living

It’s Privacy Week here at CoinDesk, and we’ve been diving into a variety of technological and legal angles on the consequences of digital surveillance. Anxiety about the rise of omnipresent snooping can often feel like an academic matter of principle, or a series of warnings about important but uncommon edge cases: the battered spouse being stalked with malware, the dissident tracked and murdered by a government, the consumer with legal but socially marginalized tastes. These scenarios of privacy compromise have serious implications, of course, for those who fall victim and…

The bigger role of LUNA in Terra

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In an interview, Do Kwon, co-founder and CEO of Terraform Labs, said that Terra’s ecosystem was built with several use cases such as savings, payments, investments and others that leverage its stablecoin assets. The previous Market Insights newsletter tackled Terra’s ecosystem growth in 2021 and how it got to hundreds of decentralized applications from just two at the beginning of last year.  And all of it is grounded on Terra’s stablecoins and the protocol’s ability to maintain the stability of their peg. Yet the key ingredient for such stability is its primary…

TIME Slips 61%, Wonderland Admin Allegedly Co-Founded Quadrigacx – Markets and Prices Bitcoin News

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While reserve-based crypto assets like gold tokens and stablecoins have been able to weather the crypto market carnage over the last two weeks, rebase tokens like wonderland (TIME), and Olympus (OHM) have seen massive losses. Wonderland is down more than 96% since the crypto asset’s all-time high (ATH), and OHM is down over 95% since it’s own ATH. Furthermore, the Wonderland project is surrounded by controversy as it’s been assumed that one of the founding members was a former Quadrigacx employee. Rebase Token Economy Drops From $3.2 Billion to $1.74…