The U.S. Securities and Exchange Commission (SEC) is taking a “new look” at applications for spot Bitcoin ETFs following October’s landmark court ruling on Grayscale’s application to convert Grayscale Bitcoin Trust (GBTC) into an ETF. I’m doing it.In an interview with CNBC On Thursday, Gensler said regulators were reviewing “eight to 12 filings.”“In the past, we have denied many of these applications, but the courts here in the District of Columbia have weighed in on them,” Gensler said. “So we are taking a fresh look at this issue based on the court ruling.”As SEC chairman, Gensler said, “I’m not going…
Author: Crypto Flexs
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XRP has surprised many by rising more than 85% since the start of 2023, easily outpacing Bitcoin’s gains. And according to some cryptocurrency analysts, the party may have just begun. We predict that the approaching “golden cross” chart pattern could propel XRP into parabolic growth territory. key point Analysts are predicting a potential “golden cross” chart pattern for XRP, which could indicate a bullish trend and parabolic price rise. Short-term forecasts suggest that XRP could rise to $0.88 by New Year’s Eve. Positive overall cryptocurrency market conditions support potential XRP growth, with assets such as BTC and ETH hitting yearly…
The SafeMoon token, affiliated with decentralized finance protocol SafeMoon (SFM), experienced a steep 31% drop in five hours after the company filed for Chapter 7 bankruptcy. The formal filing for “liquidation bankruptcy,” as recorded in the U.S. Bankruptcy Court for the District of Utah, occurred on December 14. Attorney Mark Rose filed a voluntary petition, and Chief Judge Joel T. Marker was assigned to the case.A letter purportedly written by the company’s chief restructuring officer was released on Reddit, citing bankruptcy as the reason for its inability to pay employee wages prior to filing. The letter instructed employees to file…
reporter Posted on: December 15, 2023 The price of AVAX has risen significantly over the past week. Its current market capitalization has surpassed DOGE. The price of Avalanche (AVAX) has risen nearly 50% over the past seven days, surpassing all other major cryptocurrency assets and displacing Dogecoin (DOGE) as the 9th largest cryptocurrency by market capitalization. At press time, the altcoin was trading at $40 and had a market capitalization of $14.64 billion. According to CoinMarketCap’s DOGE followed with a market capitalization of $13.76 billion, according to the data. What is your favorite altcoin? While the rest of the market…
Today, Bitcoin exchange River unveiled its latest product, River Link, which aims to transform the way Bitcoin is sent and received on a global scale. River Link facilitates the seamless transfer of Bitcoin via text message, providing users with a simple, user-friendly experience that eliminates the complexities associated with Bitcoin transactions.Traditionally, sending Bitcoin to a new user involves creating and exchanging a public address, a process that can be cumbersome for non-technical users. River Link seeks to overcome these challenges by leveraging the widespread use of social media websites such as Facebook, Instagram, Snapchat and TikTok, as well as messaging…
Layer 1 • December 15, 2023 9:00 AM EST Namada, a privacy-focused layer 1 blockchain, has introduced an incentivized testnet that rewards participants with 3% of the total supply.This testnet campaign, called “Namada Shielded Expedition,” is a multiplayer role-playing game that will be released ahead of the privacy protocol’s mainnet launch in early 2024.Namada’s testnet allows participants (validators and users) to test the network against consensus (CometBFT) algorithm and Sybil resistance by participating in competitive games. The goal is to enable participants to leverage Namada’s capabilities to support asset-agnostic privacy ahead of mainnet launch.Participants will participate in an “Asteroid Mining…
“The billing market has become very hot,” Braziel said in an email. “Anything that wasn’t on the table in terms of billing issues like unverified KYC/AML is now on the table. It was very tricky at first. Now we can figure out anything we can touch, and we will.”
In response to overwhelming demand, Solana Mobile announced that phone use will be limited to one device per household to ensure broader community participation in the Saga experience. The craze surrounding Solana’s cryptocurrency phone has reached a peak after struggling to attract investor attention since its debut on May 8, 2023. This move comes as memecoin enthusiasts are scrambling to capitalize on the rapid rise of Bonk (BONK), a fast-rising memecoin. Bonk (BONK) has surged a whopping 1,100% over the past month, becoming the third company to surpass the market capitalization of its major memecoin competitor, Pepe. Memecoin is the…
As of December 15, 2023, Bitcoin’s price dynamics present an attractive mix of bullish trends and subtle fluctuations. BTC price rose following the US Federal Reserve meeting on Wednesday, but has maintained a tight consolidation pattern since then. advertising Bitcoin Bitcoin (BTC) on Friday hit a price of $42,696, with a 24-hour range stretching from $42,067 to $43,329, indicating moderate volatility. It has a market capitalization of $835 billion, backed by significant 24-hour trading volume of $24.86 billion. BTC is down 2.2% over the past two weeks, while the leading cryptocurrency asset is up 10.7% against the US…
After the recent price increase of Solana memecoin Bonk (BONK), Memecoin hopefuls are snapping up Solana’s cryptocurrency phones in droves. The price is up more than 1,100% in the last 30 days. Since the launch of Solana phones on May 8, new owners have been able to claim an airdrop of 30 million Memecoins for free, but the recent rise in the price of the token has presented an interesting arbitrage opportunity for buyers. “Solana phone sales have increased more than 10x in the last 48 hours and are now on track to sell out before the new year,” Solana…