In the eyes of the SEC, the recent filings from BlackRock, ARK Invest, Fidelity and other asset managers are not "sufficiently clear and comprehensive."
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Bitcoin ‘overreacting’ as SEC returns ETF filings, BTC price dives 6%
Bitcoin ETF applications need refiling, the SEC says, but as BTC price dips to $29,500, markets instantly fear that the fight is over.
Bitcoin ‘overreacting’ as SEC returns ETF filings, BTC price dives 6%
Bitcoin (BTC) fell below $30,000 after the June 30 Wall Street open as markets panicked over the fate of its first spot exchange-traded funds (ETFs).
BTC/USD 1-hour chart. Source: TradingViewBureaucratic error may explain Bitcoin ETF filing hiccup
Data from Cointelegraph Markets Pro and TradingView showed BTC price action hurtling downward, briefly reaching $29,500.
The volatility accompanied a report that United States regulator the Securities and Exchange Commission had refused applications for the first Bitcoin spot-price ETF.
Those applications had kickstarted the latest BTC price rebound, one which had taken the largest cryptocurrency to new yearly highs.
Related: Why approving a Bitcoin ETF might unleash $18B in sell-pressure
Universities use blockchain-based storage to protect and democratize data
Decentralized solutions can make academic research more secure and more accessible.
NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s
Snoop Dogg’s NFT passport is a blueprint for concert merch of the future, Sotheby’s NFT VP says The Goose drew Millennials to auction house.
NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s
Snoop Dogg’s NFT passport is a blueprint for concert merch of the future, Sotheby’s NFT VP says The Goose drew Millennials to auction house.
NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s
Greg Oakford, a co-founder of NFT Fest Australia, guides you through the Web3 digital art world from a collector’s perspective.
Turning concert merchandise and memories digital
Snoop Dogg’s recent announcement of the Snoop Passport — an evolving concert tour collectible — is a trend I believe we’ll see get more and more traction among musicians and entertainers.
They tap into those fan moments we’ve all had: whether it’s dusting off an old concert T-shirt, rustling through a shoe box full of ticket stubs from sporting events and concerts you’ve attended or putting your favorite musician/band poster on your bedroom walls as a kid.
All these examples create feelings of nostalgia; they take you back to a moment in time and act like the timestamps of your life. But they are fragile at best over time, and at least half of my cherished ticket stubs are dog-eared with fading ink.
Snoop Dogg Passport Series. (Twitter)So storing nostalgia on the blockchain in durable digital goods is just the base case for why we’re likely to see more artists after Snoop follow suit. But there are plenty of other reasons for artists and fans to get on board
NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s
Snoop Dogg’s NFT passport is a blueprint for concert merch of the future, Sotheby’s NFT VP says The Goose drew Millennials to auction house.
NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s
Snoop Dogg’s NFT passport is a blueprint for concert merch of the future, Sotheby’s NFT VP says The Goose drew Millennials to auction house.
NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s
Greg Oakford, a co-founder of NFT Fest Australia, guides you through the Web3 digital art world from a collector’s perspective.
Turning concert merchandise and memories digital
Snoop Dogg’s recent announcement of the Snoop Passport — an evolving concert tour collectible — is a trend I believe we’ll see get more and more traction among musicians and entertainers.
They tap into those fan moments we’ve all had: whether it’s dusting off an old concert T-shirt, rustling through a shoe box full of ticket stubs from sporting events and concerts you’ve attended or putting your favorite musician/band poster on your bedroom walls as a kid.
All these examples create feelings of nostalgia; they take you back to a moment in time and act like the timestamps of your life. But they are fragile at best over time, and at least half of my cherished ticket stubs are dog-eared with fading ink.
Snoop Dogg Passport Series. (Twitter)So storing nostalgia on the blockchain in durable digital goods is just the base case for why we’re likely to see more artists after Snoop follow suit. But there are plenty of other reasons for artists and fans to get on board
NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s
Greg Oakford, a co-founder of NFT Fest Australia, guides you through the Web3 digital art world from a collector’s perspective.
Turning concert merchandise and memories digital
Snoop Dogg’s recent announcement of the Snoop Passport — an evolving concert tour collectible — is a trend I believe we’ll see get more and more traction among musicians and entertainers.
They tap into those fan moments we’ve all had: whether it’s dusting off an old concert T-shirt, rustling through a shoe box full of ticket stubs from sporting events and concerts you’ve attended or putting your favorite musician/band poster on your bedroom walls as a kid.
All these examples create feelings of nostalgia; they take you back to a moment in time and act like the timestamps of your life. But they are fragile at best over time, and at least half of my cherished ticket stubs are dog-eared with fading ink.
Snoop Dogg Passport Series. (Twitter)So storing nostalgia on the blockchain in durable digital goods is just the base case for why we’re likely to see more artists after Snoop follow suit. But there are plenty of other reasons for artists and fans to get on board
Will BlackRock’s ETF slingshot Bitcoin’s price skyward?
Have the world’s largest financial firms finally “seen the light” with Bitcoin? Will demand outstrip supply, making a BTC price rise inevitable?
ZkDay comes to Paris on July 19: A marquee ZK conference amid EthCC
The ZK-focused community conference zkDay Paris kicks off on July 19 during EthCC after a successful event in Denver.
Revolut US to delist ADA, MATIC and SOL in September
Crypto-friendly neobank Revolut has halted purchases of Cardano, Polygon and Solana for U.S. customers, but holding and selling remains available until mid-September.
Revolut US to delist ADA, MATIC, and SOL in September
Cryptocurrency-friendly neobank Revolut is next to delist a batch of digital assets on its platform in the United States amid the ongoing regulatory developments in the country.
Revolut is preparing to completely delist tokens like Cardano (ADA), Polygon (MATIC) and Solana (SOL) from its platform in September, a spokesperson for the firm told Cointelegraph.
On June 29, Revolut notified its U.S. customers about the change, stating that buying ADA, MATIC and SOL is immediately closed for all customers. Revolut users will still be able to hold and sell these tokens until Sept. 18, the representative noted.
“Any remaining tokens will be sold on your behalf using the market price at the time of sale. We’ll deposit the USD proceeds into your Revolut account,” the firm wrote in the announcement to U.S. customers.
Revolut said that the tokens are being delisted due to developments in its U.S. infrastructure.
Why approving a Bitcoin ETF might unleash $18 billion in sell-pressure
Grayscale GBTC Trust conversion to an ETF will unlock a potential sale of up to $18 billion in Bitcoin.
Why approving a Bitcoin ETF might unleash $18B in sell-pressure
The introduction of a spot-based Bitcoin (BTC) exchange-traded fund (ETF) would make the asset more accessible to individual investors and mutual funds. What’s more, unlike a futures-based Bitcoin ETF, a spot-based ETF involves actually buying BTC.
So, will the approval of the first Bitcoin ETF be a bullish event? Not necessarily.
GBTC ‘discount’ remains in the double digits
Over the years, the United States Securities and Exchange Commission (SEC) has rejected every Bitcoin ETF applicant, with the latest denial issued to the VanEck Bitcoin Trust on March 10, 2023.
The SEC concluded that the offer did not have a “comprehensive surveillance-sharing agreement with a regulated market of significant size related to spot Bitcoin.“ Regulators are hesitant to release what many believe would be a more equitable and transparent Bitcoin product.
Investors now question whether the latest bids from ARK Invest and BlackRock to launch spot Bitcoin ETFs might be the solution to Grayscale’s Bitcoin Trust (GBTC), an investment vehicle with shares traded on the stock exchange.
The world’s biggest Bitcoin conferences: Decentralize with Cointelegraph
What do thought leaders at the world’s largest Bitcoin conferences make of Bitcoin in 2023? This week’s Decentralize with Cointelegraph podcast focuses on Bitcoin 2023 in Miami and BTC Prague.
The EU’s AI regulations sparked a letter signed by 160 tech execs
As the EU works on its upcoming AI bill, executives from 160 companies in the industry drafted an open letter on the implications of too strict regulations.
SEC to present response to Coinbase’s legal defense on July 13
The court also rescheduled the pre-trial conference to a pre-motion conference, shifting it to July 13 from its original date of Aug. 24.