Crypto Titan Grayscale To Apply for Spot Bitcoin Exchange Traded Fund: Report

Digital asset management giant Grayscale is reportedly planning to apply for a spot Bitcoin (BTC) exchange-traded fund (ETF). According to CNBC, the firm is set to file the application with the U.S. Securities and Exchange (SEC) in the coming days.   Citing a person familiar with the matter, CNBC says Grayscale expressed its intention to convert its Bitcoin investment product GBTC into a spot ETF as the race for the Bitcoin futures-based ETF heats up.  Unlike Bitcoin futures ETF, which would be linked to derivative contracts tied to BTC, a…

Liquidator of Defunct South African Crypto Exchange Says He Found a 54 BTC Discrepancy in Ice3's Accounts – Exchanges Bitcoin News

A court-appointed liquidator, Dewald Breytenbach of National Liquidators, recently claimed that out of the 76 bitcoins that belonged to the now-defunct South African cryptocurrency exchange, Ice3, his firm can only account for 22. Ice3’s Abrupt Shut Down The liquidator adds that the crypto exchange’s Zurich-based tech provider Merkeleon is now being asked to help unravel this mystery. These new revelations by the South African liquidator are coming some six months after Ice3 abruptly stopped processing withdrawals. At the time of the announcement, the exchange’s management claimed the decision to suspend…

Crypto finserve Bakkt to soon trade publicly on New York Stock Exchange

The public listing for Bakkt ticker comes as a result of a merger with VPC Impact Acquisition Holdings, a Chicago-based special purpose acquisition company. According to an official statement, a shareholders meeting regarding the merger saw approximately 85.1% approval for the business combination: “Upon closing, the combined company’s Class A common stock and warrants are expected to begin trading on the New York Stock Exchange (“NYSE”) under the ticker symbols “BKKT” and “BKKT WS” respectively” Additionally, the business combination resulted in gross proceeds of approximately $448 million to Bakkt, which…

Stock Exchange Files for Bitwise Bitcoin Exchange-Traded Fund

A widely known stock exchange is getting in the Bitcoin (BTC) game after filing for a Bitcoin exchange-traded fund (ETF). NYSE Arca just filed for a physically backed Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC).   Alongside Bitcoin index provider Bitwise, NYSE Arca is pursuing a Bitcoin ETF with direct exposure to Bitcoin. According to Bitwise’s chief intelligence officer Matt Hougan, NYSE Arca’s application specifies that it would hold actual Bitcoin rather than Bitcoin futures. “Today NYSE filed for a Bitwise Bitcoin ETF! It would hold actual…

CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million – Bitcoin News

On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin.” CFTC Issues Two Fines to Tether and Bitfinex, CFTC Expects ‘Honesty and Transparency in the Developing Digital Assets Marketplace’ The stablecoin issuer Tether and Ifinex have been charged by…

CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million – Bitcoin News

On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin.” CFTC Issues Two Fines to Tether and Bitfinex, CFTC Expects ‘Honesty and Transparency in the Developing Digital Assets Marketplace’ The stablecoin issuer Tether and Ifinex have been charged by…

Bitcoin gets green light for price discovery with 'almost no supply' on exchanges above $59K

Bitcoin (BTC) is now free to surge not only to existing all-time highs but beyond, analysts have said. Analyzing orderbook data on Oct. 15, monitoring resource Whalemap revealed that Bitcoin had already beaten all major resistance levels. Bitcoin is already moving in thin air  With $60,000 hitting for the first time since April, the odds are on for new all-time highs — and the timeframe for these keeps getting smaller. Now, a look at exchange conditions shows just how easily BTC/USD should jump into uncharted territory beyond $64,500. "Price discovery…

Two Small-Cap Altcoins Soar As Coinbase Announces Support on Top Crypto Exchange

Two crypto assets are seeing significant price increases after a big announcement from Coinbase. The US-based crypto exchange says it’s launching support for Rarible (RARI) on its professional trading platform.   RARI is the Ethereum-based governance token of non-fungible token (NFT) marketplace and issuance platform Rarible. As word of the coin’s addition spread, the price of RARI surged from a 24-hour low of $19.59 to as high as $28.59 according to CoinGecko – a massive 46% increase. Source: CoinGecko Coinbase says it’s also listing BadgerDao (BADGER) on Coinbase Pro. BADGER…

Binance continues push to become regulated crypto exchange with new hire

Crypto exchange giant Binance has hired Mark McGinness, former head of international relations at the Dubai Financial Services Authority (DFSA), as its chief regulatory liaison officer. According to an announcement issued on Thursday, Binance stated that McGinness will contribute to the company’s push towards better relations with regulatory bodies across the globe. Indeed, McGinness is the latest Binance hire with expertise in regulatory compliance and engagement with financial regulators. Before his stint with the DFSA, McGinness was also the head of international relations at the Australian Securities and Investment Commission.…

DeFi Presents Multi-Billion Dollar Use Case To Disrupt Foreign Exchange Market, According to Shark Tank Star Kevin O’Leary

Shark Tank star Kevin O’Leary is saying that the foreign exchange market is a multi-billion dollar use case for decentralized finance (DeFi), a form of blockchain technology that supporters claim can revolutionize financial services by eliminating the need for intermediaries. During this year’s SALT conference in New York City, O’Leary relates how investors must rely on foreign exchange middlemen to invest in overseas markets. He says the extra steps required in such dealings are often unnecessary and burdensome.   “Let’s say a traditional mandate, such as I want to go long Europe,…