Day: June 27, 2022

Grayscale reports 99% of SEC comment letters support spot Bitcoin ETF

Digital asset manager Grayscale reported overwhelming support in public comments for its application to launch a spot Bitcoin exchange-traded fund. In a Monday letter to investors, Grayscale said that of the more than 11,400 letters the United States Securities and Exchange Commission, or SEC, had received in regards to its proposed Bitcoin (BTC) investment vehicle, “99.96 percent of those comment letters were supportive of Grayscale’s case” as of June 9. According to Grayscale, roughly 33% of the letters questioned the lack of a spot BTC ETF in the U.S. given…

Banxa, an Australian crypto exchange, eliminates 70 jobs.

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In preparation for a sharp market decline, cryptocurrency exchange Banxa (BNXA) has slashed over 70 workers, according to a Monday article in the Australian Financial Review. According to AFR, the change represents 30% of the workers of the Melbourne-based business. When the cryptocurrency market reached all-time highs last year, the company’s personnel count soared to over 230. According to AFR, the CEO of BANXA, Holger Arians, said in a letter to employees, “Banxa must take decisive actions to reduce costs now, or else our company won’t be able to…

BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

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Bitcoin’s (BTC) current bear market is one of the worst, according to a report by on-chain analytics firm Glassnode. This was the first time in history that the Mayer Multiple slipped below the previous cycle’s low. Bitcoin’s fall below $20,000 on June 18 also marked the biggest loss ever booked by investors in a single day at $4.23 billion. Considering the above factors and a few other events, Glassnode believes that the capitulation in Bitcoin may have started. Bitcoin whales seem to have started their purchasing, suggesting that the bottom…

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Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It Paid – Economics Bitcoin News

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According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russia’s finance ministry denies the allegations and says the country made the payments via the Euroclear monetary system. Russia Is Accused of Foreign Debt Default, Moscow’s Finance Ministry Claims the Country Paid Bondholders Media reports are claiming that Russia has defaulted on its foreign currency debt for the first time in more than 100 years. Financial sanctions…

Bitcoin Tagging the Lower Monthly Bollinger Band Would Be a Logical Place to Put a Bottom, says John Bollinger

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Summary: John Bollinger has suggested that Bitcoin tagging the lower Bollinger Band on the monthly chart would be a logical place to put in a BTC bottom. However, he warned that Bitcoin is yet to tag the said Bollinger Band. MagicPoopCannon has also highlighted that Bitcoin’s weekly RSI is at its most oversold than ever before. Magic also cautions against a premature declaration of a Bitcoin bottom. The creator of the popular technical analysis indicator of Bollinger Bands, John Bollinger, has pointed out that Bitcoin has formed a perfect double…

Grayscale Lines Up Jane Street and Virtu as ‘Authorized Participants’ if GBTC Converts to ETF

CryptoX – Cryptocurrency Analysis and News Portal Additionally, Grayscale earlier this month hired high-powered attorney and former Obama administration official Donald B. Verrilli to assist in those efforts, and has made little secret of its intent to take the SEC to court should the agency deny the ETF application. Original Source The post Grayscale Lines Up Jane Street and Virtu as ‘Authorized Participants’ if GBTC Converts to ETF appeared first on CryptoX. CryptoX Portal