CRYPTO BUSINESS

The successful conversion of GBTC into a Bitcoin ETF hinges on NYSE Arca's 19b-4 application approval and the SEC declaring Form S-3 effective.

The increasing confidence in the possibility of the SEC approving spot Bitcoin ETFs was further fueled by Cathie Wood, who emphasized the shift in the SEC's attitude towards BTC ETF filings this week.

Aptos has not yet revealed the precise reason for the lengthy on-chain disruption

Blockchain analysis firm Elliptic said Buy Cash used several wallet addresses, which cumulatively received crypto assets, amounting to over $30 million since 2015.

Contrary to the rumors that were circulating online a few months ago, Tesla suggested that it did not buy or sell any of its crypto assets over the three-month period ending in September. However, it did not explicitly state its actual Bitcoin holdings.

Paul Grewal also expressed his concern that establishing crypto tax reporting rules could put digital assets at a disadvantage, especially since the industry is just getting started.

For the investor and financial education advocate, inflation erodes the purchasing power of the dollar savings of the poor and the middle class who depend solely on it.

Despite speculations, Wood noted a shift in the SEC's stance on spot Bitcoin ETF applications.

Initial reports claimed Fantom lost $7 million in crypto due to the hack, but the team clarified that some of the wallets labeled Fantom Foundation wallet were mislabeled by blockchain explorers and that not all stolen funds were from the platform.

Things get a lot more interesting during the cross-examination of Singh by Sam Bankman-Fried's lawyers, particularly when the defense brought up the 10-acre estate he purchased on Orcas Island in Washington State.

Buterin has finally said his piece about the transactions. He reminded the community that the funds were transferred not for his personal gain but for "some charity or nonprofit or other projects." The receiving organization sometimes uses the funds to meet its operating expenses.

Israeli authorities have amped up their efforts to tackle the militant group's funding practices, targeting their cryptocurrency donations, believed to be one of the major sources of funds.

In his interview with Vox released on Nov. 16, SBF, as the ex-CEO is more popularly known in the crypto space, revealed that Singh was "ashamed and guilty" of what happened.

The rumor that Ripple would go public started last month before the company held its "Proper Party" to celebrate its legal victory over the SEC.

Binance is currently looking for a partner authorized by the FCA, but since it has none at the moment, temporary restrictions will take effect along with the new U.K. regulations.

"We apologize for a tweet that led to the dissemination of inaccurate information regarding the Blackrock Bitcoin ETF," Cointelegraph said.

The Australian Treasury, in a newly released consultation paper, noted the new regulatory framework intends to protect consumers by addressing potential harms, while ensuring support for the innovation of the digital asset industry.

The trend underlines the positive outlook and strong confidence of large stakeholders in the world's first-ever crypto asset, especially since Bitcoin trading consists of 11% of whales and other large investors and 89% of retail investors.

Bankman-Fried's lawyers urged the court to adjourn the trial for a day if it could not provide the medication or issue an order allowing his counsel to provide his prescribed medication at the courthouse on trial days.

The U.S. government was initially unbothered by the Bitcoin mine in Wyoming, but things changed when Microsoft submitted a report to the Committee on Foreign Investment in August 2022.

The SEC was given time until midnight last Friday to submit a challenge to the court's decision that found it was unjust for the financial regulator to reject Grayscale Investments' application to create a spot bitcoin exchange-traded fund. The SEC's decision now clears the way for the first spot Bitcoin ETF in the U.S. although a separate approval order from the regulator is still required.

Last month, Delaware District Judge John Dorsey approved an order to allow the now-bankrupt crypto empire to sell, hedge price movements, or generate yield through staking off the crypto assets it is holding to repay its creditors.

Despite the potentially imminent approval of spot Bitcoin ETF filings, some are concerned that the eventual arrival of traditional financial giants, including the mega-investment company BlackRock, could "fundamentally change" Bitcoin.

The CFTC alleged that Stephen Ehrlich and Voyager Digital defrauded customers by making them believe that the crypto brokerage firm is a "safe haven" to buy and store assets, with its CEO promising high-yield returns as high as 12%.

While The Money Mongers report included exploits committed by malicious actors, it did not include exit scams, rug pulls, or theft committed by employees.

Welly "represents the first step in making Welly a bridge between the web3 and web2 worlds," its community manager Piergiorgio Petoia said.

Bankman-Fried had previously blamed CZ for the FTX crash, describing it as "an extreme, quick, targeted crash precipitated by the CEO of Binance that made Alameda insolvent."

Earlier this week, TFL and Kwon's lawyers urged the court to ask Citadel Securities to provide documents containing its trading activities in May 2022.

Elliptic acknowledged the potential that an insider may have carried out or aided the exploit. It pointed out the possibility that some employees at FTX could have taken advantage of the turmoil that ensued when the company declared bankruptcy to move its cryptocurrency assets.