SEC pushes deadline to decide on ARK 21Shares spot Bitcoin ETF to January 2023
“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change,” said the SEC. The United States Securities and Exchange Commission, or SEC, has extended its …
Thousands petition for congressional investigation of alleged Gensler–SBF links
Ripple defense lawyer John Deaton’s CryptoLaw website has a petition app, and readers are urging Congress to look into a suspicious meeting and other supposedly questionable links. Almost 4,000 people have used a CryptoLaw petition app to demand that Congress …
FDIC acting chair says no crypto firms or tokens are backed by agency
Martin Gruenberg answered affirmatively to Senator Bob Menendez that there were “no cryptocurrency firms backed by the FDIC” and its coverage did not include crypto “of any kind.” Federal Deposit Insurance Corporation acting chair Martin Gruenberg said the agency does …
Yuga Labs acquires Beeple’s 10KTF game, hints at metaverse integration
Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs. Yuga Labs, creators of Bored Ape Yacht Club (BAYC), have acquired 10KTF; the NFT game founded by digital artist Michael Winkelmann, also …
FTX fallout continues: BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits
News of BlockFi’s potential bankruptcy filing comes only a day after the platform denied allegations that the majority of its assets were held on FTX. In an official update sent to clients on Nov 14, BlockFi admitted to having “significant …
1inch seeks to optimize gas costs with its new v5 router
The new router features a number of updates, including an improved smart contract error processing system. According to 1inch, users’ gas costs for swaps will be at least 10% lower than its previous offerings in the DEX segment, thereby, making …
NY Fed launches 12-week CBDC pilot program with major banks
Banking giants including BNY Mellon, Citi, U.S. Bank and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot. The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced …
Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge
The company mined 31% more Bitcoin than in the same quarter last year. According to its second-quarter (ending Sept. 30) earnings presentation released on Nov. 15, Vancouver-based digital assets mining company Hive Blockchain’s revenue declined by 44% year over year …
Bahamas supreme court approves ‘provisional liquidators’ for FTX
The Securities Commission of the Bahamas said it had to act “given the magnitude, urgency, and international implications of the unfolding events with regard to FTX.” The Supreme Court of the Bahamas — where FTX Digital Marketsis headquartered — has …
Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’
Plenty of uncertainty about the future remains for the price of Bitcoin amid fresh signs that U.S. inflation is slowing. Bitcoin (BTC) spiked to $17,000 at the Nov. 15 Wall Street open as fresh United States economic data continued to …