Once one of the world’s most powerful crypto executives, Sam Bankman-Fried is now reduced to bickering with prosecutors over his access to a laptop computer. The jailed founder of the collapsed FTX exchange has access to a laptop seven days a week and three hard drives with defense material at all times, the U.S. Department […]
Grayscale Prods SEC to Approve Bitcoin Spot ETF After Court Victory
Lawyers representing crypto asset manager Grayscale Investments urged the Securities and Exchange Commission (SEC) to “expeditiously” approve a spot Bitcoin exchange-traded fund (ETF) in a letter sent to the federal agency Tuesday, continuing its victory march following Grayscale’s recent court win against the regulator. Today, our legal team and counsel at Davis Polk & Wardwell […]
Grayscale legal team seeks SEC meeting over proposed Bitcoin ETF conversion
Top executives at Grayscale have asked to meet with the U.S. Securities and Exchange Commission (SEC) to discuss a planned spot Bitcoin ETF. The company’s legal team sent a letter to the SEC on Sept. 5, writing: “We would appreciate the opportunity to meet with the staff of the [SEC] as soon as practical to […]
Lido Could End Support For Solana If Lido DAO Votes Against This Proposal
Back in 2022, Lido Finance, a decentralized finance (DeFi) protocol providing staking services, announced support for Solana. Since then, the DeFi platform has provided an avenue for Solana users to stake their SOL and receive a liquid staking token while doing so. The platform has run into a problem that could lead to the end […]
Will Return-to-Office Policies Impact the Crypto Industry?
Three years into the era of remote work, accelerated by a pandemic, the tension between companies wanting employees back in the office and employees seeking the flexibility of remote work has reached a tipping point. With giants like Amazon, Apple, and IBM leaning toward a hybrid schedule and Wall Street firms like Goldman Sachs insisting […]
MrBeast-Promoted ‘Creator League’ Postponed After Gamers Bail Amid NFT Backlash
Esports tech firm eFuse launched a “Creator League” with big influencers like Bella Poarch, iShowSpeed, and Clix last week, and used the massive reach of YouTube giant MrBeast to promote it. But now the company has put the project on hold following controversy surrounding the league’s use of blockchain tech. Esports Insider and Sports Business […]
MrBeast-Promoted ‘Creator League’ Postponed After Gamers Bail Amid NFT Backlash
Influencers in the gaming league say they were misled about the blockchain aspect. Now eFuse is pausing the program and laying off staff.
Ethereum: With capitulation on the cards, ETH traders can expect this
ETH retests support levels. Evaluating the possibilities amid mixed reactions. ETH whales might sway the market as accumulation takes place. Ethereum is facing the barrel of potential capitulation all over again as the bulls struggle to secure momentum. ETH managed to restest a short-term support level again. However, it might lose that support if the […]
Ethereum Whales Send $486 Million To Coinbase, Time To Exit?
Ethereum has seen the price of its native token ETH drop alongside Bitcoin as the bear market continues to gain group. This has triggered fear among investors, leading to high selling pressure on the digital asset. Even the Ethereum whales are now dancing to the tune of the bear market as they have begun to […]
Grayscale prods SEC to take action as bitcoin rally fades
Grayscale was handed a victory in a federal appeals court last week with officials ruling the SEC to reconsider the crypto company’s application to convert its bitcoin trust (GBTC) into an ETF. Digital Assets Council of Financial Professionals Founder Ric Edelman discusses the caution crypto bulls should have on this decision based on the SEC’s […]