Author name: Peter

SEC Rejects Coinbase’s Petition for Regulatory Clarity in Crypto Industry

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Coinbase Takes Legal Action Against SEC The U.S. Securities and Exchange Commission (SEC) has denied Coinbase Global's Petition for Rulemaking, which sought regulatory clarity in the crypto industry. Coinbase filed the petition in July last year, specifically requesting "potential rules to identify which digital assets are securities." After receiving no response from the SEC for […]

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Goldman Sachs: Don’t Expect Immediate BTC Spike After Spot Bitcoin ETF Approvals

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Goldman Sachs on Spot Bitcoin ETF Hype Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that the "ability to actually transact a

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Janet Yellen Discusses US Economy, Recession Risk, and Soft Landing

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Introduction Treasury Secretary Janet Yellen recently shared her insights on the state of the U.S. economy and the potential risks it faces. In an interview with CNBC, she discussed the progress made in reducing inflation and the need for the Federal Reserve to continue working towards its 2% target. Yellen also expressed her optimism about

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Cantor Fitzgerald CEO Confirms Business Relationship with Tether

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Howard Lutnick, CEO of Cantor Fitzgerald, Reveals Tether Holdings Howard Lutnick, the CEO of Cantor Fitzgerald, a prominent Wall Street private financial services company, has recently confirmed that his company has been providing services to Tether, the largest stablecoin issuer in the cryptocurrency market. In an interview on CNBC's Money Movers, Lutnick expressed his admiration

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Bitcoin Technical Analysis: BTC’s Consolidation Phase Signals Cautious Market Approach

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Bitcoin's price dynamics as of Dec. 15, 2023, present an intriguing narrative, characterized by a combination of bullish trends and nuanced fluctuations. Following the U.S. Federal Reserve meeting on Wednesday, BTC's price experienced an improvement but has since entered a period of tight consolidation. Bitcoin Price and Market Overview As of Friday, bitcoin (BTC) is

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Finance Professor Criticizes SEC’s Cash-Only Rule for Spot Bitcoin ETFs, Advocates for In-Kind Model

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Georgetown Professor Urges SEC to Embrace In-Kind Creation Method for Spot Bitcoin ETFs A finance professor at Georgetown University has recently voiced his concerns over the U.S. Securities and Exchange Commission's (SEC) proposed cash-only rule for the creation and redemption of spot bitcoin exchange-traded funds (ETFs). Instead, the professor advocates for the use of the

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Ethereum Price Analysis: A Complex Market Environment

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Ethereum's Market Capitalization and Trade Volume As of Dec. 15, 2023, ethereum's price exhibits intricate dynamics, standing at $2,259. Oscillators and moving averages paint a mixed picture, while the 4-hour and daily charts reveal patterns of consolidation and a short-term downtrend. Ethereum's (ETH) market capitalization stands at $271 billion, accompanied by a 24-hour trade volume

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Bitget Predicts a Bright Future for Bitcoin and ORDI BRC20 Token

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Introduction In a recently published prediction report, Bitget, a leading derivatives crypto exchange, has made bold predictions about the future of the Bitcoin ecosystem. According to Bitget researchers, Bitcoin has the potential to reach $100,000 in the next bull market, while the ORDI BRC20 token is expected to climb the ranks. This anticipated growth is

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Bitwise Unveils 10 Crypto Predictions for 2024: Bitcoin to Reach New All-Time High

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Prediction 1: Bitcoin Trading Above $80,000 Crypto asset manager Bitwise has made 10 predictions for the crypto market in 2024. The first prediction states that Bitcoin will trade above $80,000, setting a new all-time high. Bitwise believes that two major factors will contribute to this price surge. The anticipated launch of a spot Bitcoin ETF

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Ledger Library Exploit Alert: Users Warned Against Interacting With Dapp Front Ends Amid Wallet Drainer Risk

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Ledger Library Breach: Experts Advise Halting Dapp Usage to Dodge Wallet Drainer According to multiple reports, there has been an alleged exploit in the Ledger Connectkit Library, prompting a warning for users to avoid interacting with decentralized application (dapp) front ends. It has been revealed that the library, which supports various dapps, now contains a

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