Some court rulings that disagree with the agency have forced the Securities and Exchange Commission (SEC) to reconsider its view on spot Bitcoin ETF applications. For some time, the SEC, under Gary Gensler, has been refusing to consent to the application. A representative example is that of Grayscale Investments. In August 2023, the U.S. Court of Appeals for the District of Columbia Circuit passed a ruling requiring the SEC to reconsider Grayscale Investments’ application regarding a spot Bitcoin ETF. The decision followed Grayscale suing the SEC after the commission did not approve its motion to change the company’s landmark CBTC…
Author: Crypto Flexs
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In a recent development, cryptocurrency company Safemoon has initiated voluntary Chapter 7 bankruptcy proceedings in the District of Utah, as stated in its bankruptcy documents. The move follows the company’s founders being indicted last month on charges of securities fraud, wire fraud and money laundering by the U.S. Securities and Exchange Commission and the Department of Justice. Safemoon US File Chapter 7; SFM token plummets On December 14, 2023, Safemoon US, LLC, the corporation that operates the safemoon.com website, filed a Chapter 7 bankruptcy petition in Utah. This type of bankruptcy, often called a “liquidation,” requires the debtor’s non-exempt assets…
member Shiba Inu (SHIB) team We’re here to provide an update to the community following ‘Failed Promises’. This comes as the team has been criticized for failing to make certain deals. SHIB stock price is optimistic. Shiba Inu Team Solve Burn Delay Issue in post Digarch shared the following update on his X (formerly Twitter) platform: SHIB Burn From the Shibarium development team. The post includes a Telegram message with a screenshot. From da VinciHe emphasized the fact that he had suffered burns. It didn’t go as planned. He also noted that there is no exact timing as to when…
● Investors seeking the best cryptocurrency investment are choosing Rebel Satoshi as the best investment coin. ● Bitcoin (BTC) could rise to $48,500 before the end of the year. ● Dogecoin (DOGE) could join the impending bull market to reach $0.1559. The US SEC recently met with Fidelity Investments to discuss details of a Spot Bitcoin ETF, which has created a buzz among Bitcoin enthusiasts. Meanwhile, the DOGE whale’s recent activities have also raised eyebrows. But as these projects recover after the recession, market experts have identified newcomer Rebel Satoshi as a convenient funder. Read more to find out why.…
FTX Debtors Estate, led by CEO John Ray III and attorneys from Sullivan & Cromwell, today amended its Chapter 11 reorganization plan, laying out exactly how bankruptcy claims will be handled in the case. Specifically, the plan includes a provision that would value claimants’ digital assets for cash as of November 11, 2022, the bankruptcy filing date. The collapse of FTX led to a notable decline in the market, but it has since recovered healthily, with the global cryptocurrency market capitalization now growing from approximately $856 billion to $1.6 trillion. FTX’s own tokens also nearly doubled during that period. This…
How to find your next small-cap gem?“Pocket gems” are the holy grail of the cryptocurrency world and are highly sought after due to their enormous growth potential. Small-cap gems are cryptocurrencies that have relatively small market capitalizations but are considered to have enormous potential for growth and investment returns. Consider that Dogecoin was trading at $0.002 and then four months later hit an all-time high of $0.33 (a 16,400% increase).It is generally the preparatory stage of the market where we see the most growth in the cryptocurrency market, with small-cap stocks often receiving the highest valuations.Over the coming months, we…
Cryptocurrency community members have posted responses to the Ledger Connect Kit exploit that has affected several decentralized applications (DApps) across the Web3 space.On December 14, hackers used Ledger’s connector to attack the front ends of several DApps. Attackers compromised major apps such as SushiSwap, Phantom, and Revoke.cash and stole at least $484,000 in digital assets.Ledger announced that it had resolved the issue three hours after the initial report of the attack. Pascal Gauthier, the company’s CEO, said this was an isolated incident and that the company was working with relevant law enforcement agencies to find the hackers and bring them…
Polygon (MATIC) This time it is altcoins in focus as analysts provide analysis on crypto tokens. Based on this analysis, there is a feeling that things could start happening soon. Discover MATIC. Polygon could soon see a significant rally in video Shared on the Cheeky Crypto YouTube channel, cryptocurrency analyst JB said MATIC Rejected after Bitcoin withdrawal. However, this move is unexpected as he believes that an upward move is possible if the cryptocurrency token falls into a certain retracement zone. According to his predictions, MATIC could rise between $0.87 and $1.36. JB also took into account other things that…
Ethereum is moving to proof-of-stake! The transition, known as The Merge, must first be activated on the Beacon Chain with the Bellatrix upgrade. After this, the proof-of-work chain will migrate to proof-of-stake upon hitting a specific Total Difficulty value.The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain — 11:34:47am UTC on Sept 6, 2022.The Terminal Total Difficulty value triggering The Merge is 58750000000000000000000, expected between Sept 10-20, 2022.Note: as announced earlier, the Kiln testnet is being sunset. Operators will shut down on September 6, 2022. Background Following years of hard work, Ethereum’s proof-of-stake upgrade is finally here!…
Recent headlines have been filled with concerns about vulnerabilities in major corporations. The TRX community is facing potential difficulties following the HTX hack, with many investors anxious about the security of their assets. In this article, we take a closer look at the implications of HTX Hack and explore a potentially safer investment option: Galaxy Fox. Galaxy Fox is a new player with one of the best upcoming ICO campaigns. TRX may suffer from major HTX hack. On November 22, HTX and Heco cross-chain bridge, the protocols that connect exchanges and the Ethereum network, fell victim to a hacking incident…