Bitcoin Slips to $27.2K, Cryptos Dip as Investors Digest Grayscale’s Court Win
Some signs suggest potential market weakness despite Tuesday’s rally, market observers noted. Source
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US court dismisses class action lawsuit against Uniswap
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A U.S. District Court has dismissed a class action lawsuit against Uniswap, one of the world’s top decentralized exchanges (DEXes), stating that the plaintiffs’ claims were “devoid of factual support”, highlighting ambiguities in current crypto regulations. On
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Court decision in SEC-Grayscale case spurs bitcoin rally
BINANCE BUZZ: There’s been a lot of news over the past week on the big U.S. crypto exchange – some of it good, some not so good, some neutral. The overarching theme is that the company expanded rapidly in recent years, and now it’s facing intense scrutiny from regulators, having
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Bitcoin (BTC) Rallies on Grayscale Court Win Over SEC
Bitcoin (BTC) gained nearly 8%, topping $28,000 at one point on Tuesday afternoon after a federal appeals court ruled that the SEC must review its rejection of Grayscale Investments' attempt to convert its GBTC into an ETF. As has been typical with such rallies for many months, the crypto quickly
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BlockFi asks court for permission to convert trade-only assets into stablecoins
Defunct crypto lending firm BlockFi has applied to a court to request the transfer of “trade-only” assets from its users’ accounts into stablecoins so the individuals could withdraw them. The request marks another step toward the return of users’ funds, a process that the company began in August. On Aug. 29,
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Grayscale Bitcoin Trust (GBTC) Trading Frenzy Follows Firm’s Court Win Against SEC
Some investors, however, have been purchasing GBTC shares over the last three to six months betting on a narrowing discount in case of a favorable court decision, Doug Schwenk, CEO of crypto data provider Digital Asset Research, explained in an emailed note. Source
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Grayscale ETF Court Rout Puts SEC in Will-They, Won’t-They Role Starring Gensler
The U.S. securities regulator, led by Chair Gary Gensler, now faces several options: appeal the decision; grant Grayscale’s application to list its bitcoin spot ETF; let it be automatically approved by doing nothing; or start up a new, second effort to reject the application based on fresh objections. Much of
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Grayscale wins the court battle, but what does this mean for a spot Bitcoin ETF?
A federal judge has overturned the United States Securities and Exchange Commission’s decision to deny an exchange-traded fund (ETF) offering from Grayscale Investments through its Bitcoin Trust, but many experts have pointed out the court ruling will not automatically lead to the first spot Bitcoin ETF in the country.In an Aug.
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SEC’s Secret Binance Court Filing Has Observers Bracing for Bad News
“Under any circumstance, that this SEC seal-seeking filing is unusual, odd and uncommon cannot be overstated,” Stark wrote. “In my almost 20 years in the SEC Enforcement Division, including 11 years as Chief of the SEC’s Office of Internet Enforcement, our team worked on and led a broad range of
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GBTC Can Be Converted Into Bitcoin (BTC) ETF, Appeals Court Rules
The court decision comes after a flurry of large institutions filed applications for spot bitcoin ETFs, with asset manager BlackRock filing its application in June. BlackRock’s filing generated a large amount of optimism that a spot bitcoin ETF might be approved. Others like Fidelity, the large mutual-fund manager, have also
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