All applications to the U.S. Securities and Exchange Commission for spot bitcoin exchange-traded-funds (ETFs) may be approved together, predicts crypto ETF expert Stuart Barton, who, along with his company, pulled off two regulatory firsts recently. Source
The bitcoin price could rise to between $42,000 and $56,000 if the BlackRock ETF is approved, according to crypto services provider Matrixport. Such bullish price action would also help crypto-linked stocks such as Coinbase, MicroStrategy (MSTR) and miners including Marathon (MARA), Riot Platforms (RIOT). Original
Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the U.S. Securities and Exchange Commission, the company’s chief legal officer, Paul Grewal, told CNBC. “I’m quite hopeful that these [ETF] applications will be granted, if only because they should be granted under the law,” Grewal said in an interview with CNBC’s Arjun Kharpal. The SEC was recently dealt a major court setback when a judge ruled that the regulator had no basis to deny digital asset management Grayscale’s bid to turn its huge GBTC bitcoin fund…
Can Sun testified on day 12 of the Sam Bankman-Fried trial. Source
“If Tetherโs market cap increases by $24 billion, acting as a proxy for potential ETF inflows, Bitcoinโs price would rise to $42,000, representing a conservative estimate. With a larger influx of $50 billion (1% allocation from RIAs), Bitcoin could potentially rally to $56,000,” Matrixport said. Source
โSingapore has developed into one of the leading fintech and digital asset hubs striking the balance between innovation, consumer protection and responsible growth,โ said Ripple CEO Brad Garlinghouse, in a statement, adding that the country has been the companyโs Asia Pacific headquarters for six years. Source
Keyrock, a market maker based in Belgium, announced that it received approval from the Swiss Financial Services Standards Association (VQF). VQF is the organization responsible for enforcing anti-money laundering laws in Switzerland. Keyrock has met Switzerlandโs local lawsโ minimum compliance requirements. ๐ข Keyrock expands its OTC services with more fiat on/off-ramp solutions. Through our Swiss VQF membership, weโre now offering GBP, AUD, and 10+ other currencies alongside the standard USD and EURO. Read more about these significant milestones ๐https://t.co/4v5SRzpftY โ Keyrock ๐๐ชจ (@KeyrockTrading) September 26, 2023 Keyrock has received approval…
The Writerโs Guild of America (WGA) strike is set to officially end as leaders approved a tentative deal with entertainment studios in Hollywood, part of which includes artificial intelligence (AI) usage in the industry. After nearly five months, the strike, which began on May 2, 2023, was pronounced over at 12:01 am PT on Wednesday, Sept. 27, 2023, as reported by Deadline. One of the major argument points of the WGA, aside from higher wages and fairer contracts, was in regard to AI practices and implementation. In August, Hollywoodย studios sent…
In a recent development, analysts at asset management firm Bernstein have predicted when the US Securities and Exchange Commission (SEC) will likely approve the first Spot Bitcoin ETF. When Will The First Spot Bitcoin ETF Be Approved? According to the analysts, the pending Spot Bitcoin ETF applications could be approved early next year. They made this projection in line with the recent court ruling in the Grayscale case, which they believe could force the SECโs hands.ย The court had ruled in favor of Grayscale in a case in which the…
In the tech world, we often see established platforms making bold moves to adapt to the changing times. A well-known social media company, X, previously Twitter, has taken a significant step forward by obtaining a Rhode Island Currency Transmitter License. This license allows X to become more involved in crypto, strengthening the connection between social media and popular digital currencies. This development has generated excitement, and many people are curious about how such a move might impact other platforms likeย InQubetaย and the broader ecosystem. InQubeta: decoding the future with AI startups…