A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›
Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.
If you don’t have enough, buy ACS on the following exchanges:
Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more ›
Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.
The global crypto market cap is $1.08 trillion with a 24-hour volume of $39.56 billion. The price of Bitcoin is $28,399.94 and BTC market dominance is 51.1%. The price of Ethereum is $1,566.32 and ETH market dominance is 17.4%. The best performing cryptoasset sector is eCommerce, which gained 19%.
The SEC chair declined to comment on specifics but acknowledged the many applications working their ways through the system.
Cover art/illustration via CryptoSlate
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler spoke to Bloomberg about several pending spot Bitcoin (BTC) ETFs on Oct. 18.
In his interview, Gensler acknowledged that around ten Bitcoin exchange-traded fund (ETF) proposals are currently awaiting a decision from SEC staff.
He noted that he personally cannot pre-judge those proposals and declined to comment on widespread suggestions that the SEC might approve multiple spot Bitcoin ETFs at once. However, he confirmed that the SEC is currently doing work on “multiple filings” and said that various divisions are providing feedback to issuers.
When asked whether discussions between ETF issuers and the SEC have been productive, Gensler declined to provide any details on those conversations. He merely called the established approach a “time-tested process” that has been in place for decades.
Gensler also touched upon recent developments concerning Grayscale’s effort to convert its GBTC fund into a Bitcoin spot ETF before he commented on ETFs in general. Grayscale won the right to have its application reviewed by the SEC in court in August.
The SEC was allowed to appeal that court decision no later than Oct. 13, but the agency apparently declined to do so as no filings materialized. Gensler confirmed this in the interview, saying: “We didn’t appeal last Friday … I think that’s accurate.” He declined to state whether Grayscale’s legislation is still ongoing and did not comment on the matter further.
Even if the SEC is compelled to review Grayscale’s application, the agency will not be required to approve the proposed fund. Furthermore, any decision that applies to Grayscale’s proposal will not necessarily apply to other spot Bitcoin ETF proposals.
Gensler’s comments come two days after an inaccurate report suggesting that the SEC had approved BlackRock’s spot Bitcoin ETF proposal gathered attention on social media. Though the rumor proved inaccurate, the price of Bitcoin surged above $30,000 as the misinformation spread before crashing back to previous levels.
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada’s West Coast.
Jacob Oliver is a recovering academic and English teacher who went down the crypto rabbit hole in 2017 after recognizing the technology’s potential.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Gary Gensler is an American government official and former investment banker who President Joseph R.
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
The tenth day of SBF’s trial mainly revolved around the cross examination of Nishad Singh, who revealed further details about the infamous software bug that led to the $8 billion discrepancy in Alameda’s accounts.
Buterin said his Ethereum transfers are donations to ‘charity or nonprofit or other project.’
EU strengthens crypto tax norms with new directive to improve cooperation between national tax authorities.
The once-revered FTX founder won admiration and trust of countless peers with a facade of virtue signaling and projected altruism before the illusion was shattered.
Compulsory process threat looms over SEC chair Gensler in intensifying oversight dispute with House committee.
Unverified rumors of BlackRock’s Bitcoin ETF approval generate market volatility while SEC postpones final verdict.
Tech giants may be forced to disclose when customers rent large amounts of power if the order materializes.
The once-revered FTX founder won admiration and trust of countless peers with a facade of virtue signaling and projected altruism before the illusion was shattered.
The move aims to bolster consumer protections in a market plagued by recent significant hacks on platforms like Axie Infinity, Crypto.com, and FTX.
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
© 2023 CryptoSlate. All rights reserved. Disclaimers | Terms | Privacy
Please add “[email protected]“ to your email whitelist.
Stay connected via
source
Source : www.cryptoslate.com
