It’s been an explosive past few weeks for the crypto market. While much focus has been put on Bitcoin and Ethereum, altcoins have also performed extremely well, with some rallying hundreds of percent or thousands of percent in literal days. Although much of this growth has been through legitimate projects, the U.S. Securities and Exchange…
Another week, another of Crypto Tidbits. This week, Bitcoin traded within a relatively wide range — $8,200 to $8,900 — but is closing at a very similar level to last week. Analysts are currently divided over what this consolidation means for the cryptocurrency market’s short-term future. Price action (or lack thereof) aside, this week was hectic…
The US Security and Exchange Commission (SEC) under the leadership of Chairman Jay Clayton will never approve a bitcoin exchange-traded fund (ETF), believes Jake Chervinsky of New York-based Kobre & Kim, LLP. The general counsel noted that Clayton and his team look at bitcoin as an asset that remains “susceptible to manipulation and surveillance-sharing agreements.”…
The US Securities and Exchange Commission (SEC) is right about their decision to reject bitcoin exchange-traded funds, believes Jake Chervinsky of San Francisco-based Compound Finance. The general counsel on Thursday said the US securities regulator has valid concerns about bitcoin’s price volatility. He referred to the cryptocurrency’s latest price drop, wherein it plunged by as…
In a recent interview, Blockstack boss Muneeb Ali said he was cautiously optimistic about the US regulatory environment for crypto. The comments follow further hearing from US regulators on the crypto space and its emerging players. Cautiously Optimistic on Crypto The co-founder and CEO of decentralized computing network Blockstack, joined CNBCs ‘Squawk Box’ to discuss…
Venture capital stalwart Andreessen Horowitz has been upping the ante in the crypto combat with US regulators. The firm aims to temper Washington’s somewhat harsh stance on the digital asset industry that could be holding the US back. Andreessen Horowitz Battles For Crypto The primary aim from the investment firm is to advance its latest…
Despite the fact that Bitcoin and crypto assets are still down from their all-time highs, regulators the world over are more active than ever before in regulating this budding industry. Earlier this year, the U.S. Securities and Exchange Commission (SEC), the financial regulators presiding over most crypto projects with their own tokens, aimed its sights…
The Blockchain Association has taken over the “Defend “Crypto” fund setup to help finance the legal battle between Kik and the SEC. The social messaging firm has stated that it feels the money could be better put to use by the industry collectively. Kik will take back the original $5 million it had donated to…
Over the past few weeks, many in the crypto industry have begun to expect a Bitcoin exchange-traded fund (ETF). Don’t ask us why, but in a hive mind-esque fashion, hundreds on Twitter have begun to call for the regulatory approval of such a vehicle, which has the potential to catapult the space to new heights.…