Bitcoin Insider Trading Suspicions Take Root Following Grayscale Win, What’s ...
Crypto asset manager Grayscale recently won against the Securities and Exchange Commission (SEC) in court, propelling gains in the price of Bitcoin in the past 24 hours. According to the case details, a US appeals court ruled on Tuesday, August 292r, that the SEC was wrong to reject an application from Grayscale to convert the Grayscale Bitcoin Trust into a spot Bitcoin ETF. In the hours following the decision, Bitcoin jumped from $26,500 to test the $28,000 resistance zone. On-chain data has shown that the amount of BTC available for trading on crypto exchanges increased noticeably just....
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On August 29, the US Court of Appeals ruled in favor of Grayscale in its legal battle against the US Securities and Exchange Commission (SEC). Following this, Grayscale’s GBTC shares trading volume significantly increased, climbing to a 2-year high in the process. GBTC Shares See 17% Increase According to data from Yahoo Finance, GBTC’s share price had opened at $17.66 on the day and closed at $20.56, rising by almost 17% from the previous day. Furthermore, the fund saw its busiest day in over a year, with over 19 million GBTC shares changing hands. This volume jump marked the fund’s....
The Bitcoin price is on the move as bulls take over the market and reclaim previously lost territory. While the rally signals potential, BTC still needs to overcome significant resistance at higher levels. Related Reading: Bitcoin Insider Trading Suspicions Take Root Following Grayscale Win, What’s Happening? As of this writing, Bitcoin (BTC) trades at $27,300 with a 5% profit in the last 24 hours. In the previous seven days, BTC recorded similar profits as other cryptocurrencies in the top 10 see gains for the first time in over two weeks. $30,000 Are The $12,000, A Bitcoin Bull Run In....
Coinbase and other crypto-related companies witnessed a significant rise in stock prices following reports that Grayscale has emerged victorious in its lawsuit against the United States Securities and Exchange Commission (SEC). On Tuesday, August 29, the US District of Columbia Court of Appeals ruled that the SEC did not provide a “consistent justification” for rejecting Grayscale’s request to convert its Bitcoin Trust (GBTC) into a spot exchange-traded fund (ETF). This decision brings the asset management firm closer to offering a spot Bitcoin ETF in the US. The price of....
U.S. officials are reportedly investigating crypto exchange Binance yet again. On Friday, Bloomberg reported that they are examining possible insider trading and market manipulation at Binance. This development potentially adds more heat to the cryptocurrency exchange already facing regulatory scrutiny in many countries. CFTC’s Insider Trading Investigations U.S. officials have been looking into whether Binance or […]
Binance’s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC). The Justice Department (DOJ) and the Internal Revenue Service (IRS) have also been investigating Binance on a separate issue. Binance Probed for Possible Insider Trading, Market Manipulation U.S. authorities are now investigating Binance for possible insider trading and Market manipulation to ascertain whether the company or its staff profited by....