Month: July 2022

Grayscale legal officer says Bitcoin ETF litigation could take two years

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Asset management firms continue to fight for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States as regulators remain skeptical of the idea. Craig Salm, chief legal officer at asset manager Grayscale, discussed the firm’s lawsuit with the United States Securities and Exchanges Commission (SEC) regarding the conversion of the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF.  Salm explained the basis for Grayscale’s argument against the SEC while answering the most-asked questions regarding the lawsuit. According to the legal officer, the SEC’s denial of the spot Bitcoin ETF…

Crypto needs regulation to mitigate risks, says Bank of England exec

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Bank of England (BoE) deputy governor for financial stability, Jon Cunliffe, recommended forming a set of regulations — similar to conventional financial systems — to tackle risks within the crypto ecosystem while improving investor confidence.  Speaking at a press conference, Cunliffe highlighted the recent downfall of the Terra ecosystem, pointing out that cryptocurrencies that fail to maintain their value induce stress across crypto markets. He compared his idea for a crypto regulatory framework to similar instances in traditional finance wherein regulations shelter investors from unrecoverable losses, adding: “For me, it underlines…

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Quant (QNT) Registers Gains In Past Days

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On Saturday, the price of Quant (QNT) extricated from the seven-month-old falling wedge formation. With the continuing retest phase on Monday, buyers will verify the legitimacy of the breakout. QNT is the native cryptocurrency of the Quant Network, a blockchain platform that facilitates the interoperability of blockchains. Monday’s trade price for QNT is $75.71, a decrease of 10.2 percent over the last seven days, according to statistics from Coingecko. Therefore, if the price holds over $77.5, the altcoin could extend the current recovery. Quant (QNT) has increased significantly over the previous…

US inflation data will be ‘messy’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts another week in a precarious position near $20,000 ahead of fresh macro upheaval. After admittedly sealing its best week’s gains since March, the largest cryptocurrency is struggling to hold onto its recently-reclaimed levels. Major resistance zones remain overhead, and with inflation data due for release later in the week, the coming days could prove unnerving for risk-assets everywhere. At the same time, crypto market sentiment is showing signs of recovery, and on-chain metrics continue to underscore what should be Bitcoin’s latest macro price bottom.  With conflicting data…

Binance Gets VASP License From the Bank of Spain – Regulation Bitcoin News

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Binance, one of the largest crypto exchanges worldwide, has secured a license from the Bank of Spain that will let the exchange operate in compliance with the local laws. This certification means that the exchange is currently complying with its AML/KYC processes required by the government of the country. More than 17 companies have received this certification by now. Binance Gets Operating License From the Bank of Spain Binance, the cryptocurrency exchange, has received the certification of the Bank of Spain to operate as a Virtual Asset Service…

Where to Get Started Building Your First GPU Mining Rig for Crypto Mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In today’s video we discuss Where to Get Started Building Your First GPU Mining RIG for Crypto Mining. Do you remember your First Mining Rig? Maybe it was built into a Milk Crate or a Shoe Rack or better yet, maybe you Build a Custom GPU Mining Frame. In today’s vide we go down memory lane discussing my First GPU Mining Rigs. Building your First Crypto Mining Rig can be a Blast but you may ask, Is it Worth Crypto Mining in…

Sports sponsorships sealed amid market turmoil as Man City inks deal with OKX

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Crypto exchange OKX has announced that it has made a deal with English Premier League (EPL) champions Manchester City to become the team’s training kit sponsor for the 2022-23 season. Despite the current bear market, it appears that crypto and sports partnerships have been going strong, with fellow EPL team Everton also recently signing a match kit sponsorship with crypto gambling firm Stake. At the same time, PSG has also launched preseason NFT tickets. The OKX deal will put a fair amount of eyeballs on company branding, given that Manchester City…