SEC Expected to Decide Bitcoin ETF's Fate By Friday
The US Securities and Exchange Commission's decision on the much-anticipated bitcoin exchange-traded fund (ETF) is expected by Friday, according to a source with knowledge of the agency’s deliberations. The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said. The decision, regardless of the outcome, will cap a more than three-year period since investors....
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On Tuesday, November 23, the closing arguments for both sides of the Kleiman v. Wright trial finished and now ten jurors will decide the fate of the billion-dollar bitcoin lawsuit. While Craig Wright claims he’s Satoshi Nakamoto, he also insists the now-deceased Dave Kleiman did not help with the creation of Bitcoin. The plaintiffs are hoping to win an incredibly large sum of money and intellectual property (IP) estimated to be worth billions of dollars.
Kleiman v. Wright Trial Nears the End
The infamous Kleiman v. Wright trial is nearing its end and the cryptocurrency....
President Donald Trump’s campaign website was reportedly hacked Tuesday evening. Hackers claim to have “classified information” about Trump and the origin of the coronavirus. They asked crypto users to decide whether the information should be released or kept secret. Tim Murtaugh, Director of Communications for Trump’s 2020 reelection campaign, confirmed in a tweet: Earlier this evening, the Trump campaign website was defaced and we are working with law enforcement authorities to investigate the source of the attack. Part of the website donaldjtrump.com was made to....
Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such platforms. Decision on Digital Currency Exchangers in Russia Expected Next Year Considerations regarding the regulatory treatment of online exchangers working with cryptocurrencies must come to an end in 2022. That’s according to a statement by the Deputy Director of Russia’s....
There is some panic among users of Bitcoin regarding their fate in the event of a split within the community. Online web wallet owners seem to be the most concerned as the majority of them, apart from lacking an in-depth knowledge on the functionalities of the Bitcoin protocol assume that they may be stuck with whichever chain that their vendors decide to go with. Some newbies are also suspecting the possibility of having their Bitcoins split between both chains in a system that may deny them the opportunity to decide which chain to follow. In a situation where the value of the Bitcoins....
Markets are expected to be volatile this week, as a great number of bitcoin and ethereum options are set to expire this Friday. Data shows more than 87,000 bitcoin options will expire and 77% of the action is held on the Deribit exchange. U.S. stocks dropped hard on Monday, as the Dow Jones Industrial Average dropped more than 700 points during the stock market’s afternoon trading sessions. Meanwhile, bitcoin (BTC) took a hit on spot markets dropping over 4% in value. A number of other cryptocurrencies like ethereum (ETH -8%) lost even bigger percentages on Monday. However, crypto....