Day: November 9, 2023

SBF Trial: The Last Day of Summer Camp

We weren’t really sure if it was the last day or not. The jury determining Sam Bankman-Fried’s fate had begun deliberating the charges just a few hours before, after Judge Lewis Kaplan had spent much of the morning and some time after lunch reading out a 60-page charging document. Surely a case of this complexity โ€“ seven different charges, billions of dollars allegedly stolen, questions about whether witnesses were telling the truth โ€“ would take a while. Source

Frankfurt Stock Exchange includes crypto trading facility in strategy-2026

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Deutsche Bรถrse AG, the German stock exchange headquartered in Frankfurt, has included crypto in its strategic priorities for the next few years.ย  According to the strategic report โ€œHorizont 2026โ€, published on Nov. 7, Deutsche Bรถrse seeks โ€œan expansion of the leading position in the area of โ€‹โ€‹digital platforms for existing and new asset classes.โ€ The company believes that, in the long run, there is โ€œfurther growth potential from new technologies through the digitalization of existing or new asset classes.โ€ Hence, it intends to accelerate the development of its blockchain-backed D7…

Bitcoin ETF launch could be delayed more than a month after SEC approval

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With the United States Securities and Exchange Commissionโ€™s first window opening up for the approval of a spot Bitcoin ETF, analysts have noted that even if the SEC approves a spot Bitcoin (BTC) exchange-traded fund (ETF), it will be a month before the actual launch. The expected delay in launch following a potential SEC approval would be due to the two-step process of launching an ETF. For an issuer to start a Bitcoin ETF, it must get SEC approval from the Trading and Markets division on its 19b-4 filing and…

Bitcoin’s whale-sized moves hint at $37k ascent

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Bitcoin (BTC) is observing noticeable spikes in whale transactions worth at least $100,000. Its supply on exchanges witnesses a gradual uptick amid the fight to reclaim $37,000. These spikes in large transactions started earlier this month, data from Santiment confirms. Notably, whale transactions rapidly increased from Nov. 5, eventually crossing the 5,000 mark three days later. As of Nov. 8, Bitcoin recorded up to 7,992 transactions worth $100,000 and above. BTC price, whale activity and supply on exchanges โ€“ Nov. 9 | Source: Santiment This value represents the highest figure…

Mina and Neo lead price gains in crypto top 100

Mina (MINA) and Neo (NEO) witnessed notable hikes over the past day, making them the top gainers among the top 100 crypto assets. Mina price surge MINA is up by 22% in the past 24 hours and is trading at $0.74 at the time of writing. The asset reached a local high of $0.92 after an 85% surge on Oct. 26 after being listed on the leading Korean exchange Upbit.ย  MINA price, social volume and development activity โ€“ Nov. 9 | Source: Santiment Minaโ€™s market cap currently stands at around…

Bloomberg Analysts Give Timeline To Spot ETF Approval

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Bitcoin has risen above $36,000 and is currently targeting $37,000 as Bloomberg analysts Eric Balchunas and James Seyffart have revived hopes that a Spot Bitcoin ETF could be approved this year. The analysts maintain their belief of a 90% chance that any of these funds get approved by January 2024.ย  An Approval Order โ€œCouldโ€ Occur This November In a post shared on his X (formerly Twitter) platform, Seyffart highlighted a new research note that he and Balchunas had just worked on. From their research, they noted that there is a…

Bitget integrates DeFi aggregator into crypto exchange app

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Crypto exchange Bitget has integrated a decentralized finance (DeFi) aggregator into its crypto exchange application, allowing users to swap their tokens and access DeFi services through its Web3 Wallet. According to Bitget, the effort aims to provide users with options for trading their crypto assets on the exchange. The app will also gradually include other services, including a noncustodial wallet, a nonfungible token marketplace and a decentralized application, according to Gracy Chen, managing director of Bitget. In addition, Chen also told Cointelegraph that most currencies listed on the exchange will…