Author: e_cash_top

[ad_1] Grayscale has begun moving Bitcoin out of its trust and sending it to Coinbase as of 2 p.m. GMT, Jan. 12. A total of 4,000 BTC (roughly $200M) has been sent as of press time, with all Bitcoin going to Coinbase Prime, one of the key participants in the series of Bitcoin ETFs launched…

[ad_1] Bitcoin miner Hut 8 has secured an additional $15 million from a subsidiary of the United States-based cryptocurrency exchange, Coinbase, according to a Jan. 12 statement. The miner revealed that the new deal represents an amendment and restatement of its previous $50 million credit facility with the cryptocurrency trading platform, bringing its cumulative credit…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] South Korea’s Financial Services Commission raised concerns that domestic securities firms brokering overseas-listed Bitcoin spot exchange-traded funds (ETFs) may violate local laws, according to a Jan. 12 notice. The regulator acknowledged that the country was creating a regulatory regime for the emerging industry but cautioned that the brokerage services for these foreign ETFs might be…

[ad_1] According to a court filing, embattled Terraform Labs co-founder Do Kwon wants to delay his Securities and Exchange Commission (SEC) trial to mid-March, pending his extradition to the country from Montenegro. In a Jan. 11 letter to Judge Rakoff, as shared by Inner City Press, Kwon’s legal team revealed that their client wants to…

[ad_1] Quick Take The dawn of Exchange Traded Fund (ETF) spot Bitcoin trading on Jan. 11, 2023, witnessed a voluminous trade worth $4.65 billion. Market dominators Grayscale Bitcoin Trust (GBTC), BlackRock, and Fidelity, spearheaded the activities, accounting for 50%, 22%, and 15% of the total trade, respectively. GBTC, holding a lion’s share, observed a bifurcated…

[ad_1] The U.S. Securities and Exchange Commission (SEC) said in a Jan. 11 filing that it aims to have Ripple provide certain documents in an ongoing legal case. Specifically, the securities regulator requested a court order compelling Ripple Labs, Inc. to produce financial statements for 2022 and 2023. The SEC also asked for Ripple to…

[ad_1] On Jan. 11, 2024, the first Bitcoin spot ETFs in the U.S. finally launched after years of anticipation. To mark this milestone, CryptoSlate’s team was joined by SwissBorg’s Alex Fazel to share their perspectives. Impact on Bitcoin price The panelists had mixed views on how quickly the ETFs may impact Bitcoin’s price. Fazel noted…

[ad_1] Senator Elizabeth Warren asserted on Jan. 11 that U.S. securities regulators incorrectly decided to approve spot Bitcoin ETFs. Warren wrote in a post on X: “The [Securities and Exchange Commission] is wrong on the law and wrong on the policy with respect to the Bitcoin ETF decision. If the SEC is going to let…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…