Trader and financial analyst Peter Brandt calls the BTC halving “a ton of excitement over nothing,” and the developments point to imminent SEC action on the Bitcoin exchange-traded fund (ETF) front. In other popular news this week, Ethereum co-founder Vitalik Buterin attracted attention and sparked controversy by transferring a large amount of ETH to Coinbase. Our weekly review of the latest Bitcoin.com news is right below.
Vitalik Buterin’s $1M Ethereum Coinbase Spark Speculation
Monitoring of popular cryptocurrency addresses by on-chain analysts revealed that Ethereum co-founder Vitalik Buterin recently transferred 500 ETH, worth just over $1 million, to Coinbase. The move is part of a pattern following Buterin’s move to the exchange last September and his claim in October that he “has not sold Ethereum for personal gain since 2018.”
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Seasoned trader Peter Brandt challenges the Bitcoin halving hype, calling it ‘a ton of excitement over nothing.’
Lately, seasoned financial analyst and trader Peter Brandt has been speaking increasingly on cryptocurrency assets, with a particular focus on Bitcoin and Ethereum. On December 21, 2023, Brandt reaffirmed his position on the Bitcoin rewards halving scheduled for April 2024. He argues that halving is overly sensationalized and will only have a temporary effect on the price of Bitcoin.
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SEC Makes ‘Rare’ Request to Find Applicants for Bitcoin ETF — Analyst Says Jan. 10 Approval ‘Good Sign’
It has been reported that the U.S. Securities and Exchange Commission (SEC) has made a “rare” request regarding applications from Bitcoin exchange-traded fund (ETF) issuers and exchanges. Bloomberg ETF analysts see this development as a “good sign” with approval expected by January 10. Securities regulators have insisted on a cash generation model rather than a spot model for spot Bitcoin ETFs.
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Tether confirms extensive cooperation with DOJ, FBI and Secret Service
Stablecoin company Tether has confirmed that it is cooperating extensively with an array of U.S. government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. This teaming up is focused on making the stablecoin ecosystem more secure for all participants and supporting law enforcement actions against malicious actors.
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Source: Bitcoin.com