US Sen Toomey on Bitcoin ETF Rejection: SEC Denying Access to Financial Services | Curated CoinCodeCap #2 July 2022
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
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US Sen Toomey on Bitcoin ETF Rejection: SEC Denying Access to Financial Services
On Wednesday, the U.S. Securities and Exchange Commission said in a filing that it rejected a proposal to list a spot bitcoin exchange-traded fund(ETF) by Grayscale, one of the world’s leading digital asset managers, on Intercontinental Exchange Inc’s NYSE Arca exchange. SEC’s indifference towards spot Bitcoin ETFs became much more reinstated with this move. Keep Reading »
Crypto Hedge Fund 3AC Files for Bankruptcy
Renowned crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York. Chapter 15 bankruptcy is usually filed to protect the debtor’s assets. The Latham & Watkins law firm will be representing Three Arrows Capital. The filing for bankruptcy marks the end for one of crypto’s biggest players in the market, which managed as much as $10 billion in assets as recently as March. Keep Reading »
US CFTC alleges South African MTI with $1.7B Bitcoin Fraud
A South African company and its CEO have been charged civilly by the U.S. commodities regulator, the Commodity Futures Trading Commission (CFTC), for operating a fraudulent commodity pool worth more than $1.7 billion in bitcoin and for registration violations. Keep Reading »
New Japanese Regulations will allow Japanese Trust Banks to Manage Cryptocurrencies
This fall, the Japanese Cabinet Office Ordinance will be revised, and trust banks in Japan will be permitted to store and manage cryptocurrencies. According to reports, Japan’s Financial Services Agency (FSA) is relaxing rules to let trust banks manage cryptocurrency. Keep Reading »
Tether Reduces its Holdings of Commercial Paper by 58%
The largest stablecoin in the world, Tether, announced on Friday that it had reduced its exposure to riskier assets by about 58 percent by selling off a portion of its holdings of commercial paper. Keep Reading »
CoinCodeCap’s Weekly Issue #11
A decentralized exchange platform dYdX has recently announced that it will be migrating from Ethereum and will launch its blockchain named Cosmos SDK. The team has announced that an upgrade known as V4 will soon be announced. The blockchain will be built on the Tendermint Proof-of-Stake consensus protocol. Keep Reading »
Market Updates
SAND Price Analysis July 2022
SAND is a token of The Sandbox platform. Its current price is around $1.09 by the time of writing, with a low of $0.2217, and has a market cap of 1.3 billion dollars. Keep Reading »
APE Price Analysis July 2022
APE is a token of the platform ApeCoin. Its current price is around $4.69 by the time of writing, with a low of $1.00, and has a market cap of 1.4 billion dollars. The top Ethereum whales are now holding APE tokens. According to recent data, APE has become one of the top 100 most-acquired tokens among Ethereum whales. Keep Reading »
VET Price Analysis June 2022
VET is a coin of the platform VeChain. Its current price is around $0.02304 by the time of writing, with a low of $0.02012, and has a market cap of 1.6 billion dollars. Keep Reading »
BCH Price Analysis June 2022
BCH is a coin of the platform Bitcoin Cash. Its current price is around $106.4 by the time of writing, with a low of $102.08, and has a market cap of 2 billion dollars. Keep Reading »
Crypto to Look Out for this Week: BTC, ETH, BSV, ICX, NEO
The price of cryptocurrencies has dropped by 60% in the last few months. This has made it hard to deny that we are in a bear market. The prices for smaller assets such as ZCash also decreased by over 80%, and other significant drops were noted across the board. Keep Reading »
Top 3 Metaverse Crypto to Look Out for in June 2022: ONT, APE, MANA
ONT is the cryptocurrency of Ontology, a distributed ledger technology that uses consensus protocols and verifiable rules to ensure security & integrity. The price of Ontology will most likely increase in the future and is expected to be a good investment. ONT is built on the Ontology Blockchain. It is a high-speed, low-cost public chain that provides decentralized identity and data solutions to other chains in Web3. Keep Reading »
Crypto Gambling Coins to Look Out for This Week
Crypto gambling has exploded in recent years as more and more people around the world are continuing to take advantage of the many benefits that can be enjoyed when virtual currency is used. Keep Reading »
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