Bitcoin Price Reaches Stability at $30,000, Analyst Predicts Accelerated Move to New All-Time Highs
June 22 (Cointime) - The digital currency ecosystem has experienced a recovery due to a 19.04% increase in the price of Bitcoin over the past week. This has given hope to investors, particularly those who joined just before the implosion of FTX Derivatives Exchange.
Valkyrie and BitWise Make Second Bitcoin ETF Attempts
June 22 (Cointime) - Valkyrie and BitWise have resubmitted applications for a Bitcoin spot exchange-traded fund (ETF) to the United States Securities and Exchange Commission (SEC), joining a growing list of applicants that includes Blackrock, Fidelity, Invesco, and Wisdom Tree.
Ripple’s Release of SEC Emails Fails To Impress Legal Experts in Billion-Dollar Lawsuit
June 22 (Cointime) - Ripple has released emails that the SEC wanted to keep confidential, revealing former SEC Director William Hinman's preparation for a 2018 speech on cryptocurrencies. However, legal experts have expressed skepticism about the significance of the emails.
Top 6 Fairer Ways Gary Gensler Can Approach Cryptocurrency Regulations
June 22 (Cointime) - Gary Gensler, the chairman of the SEC, faces the challenge of regulating the cryptocurrency industry while balancing investor protection and innovation.
Bitcoin Continues Uptrend, Surpasses $30,000 Amid Flood of ETF Applications and Whale Transactions
June 22 (Cointime) - Bitcoin, the world's largest cryptocurrency, has continued its upward trend this week, surpassing $30,000. Its market cap is now at $588 billion, with a 5.47% increase in trading price. The recent price rally is attributed to the flood of spot Bitcoin ETF applications to the SEC, with BlackRock's filing triggering the trend.
"The Great Accumulation Race" for Bitcoin as Investment Giants Apply for ETFs
June 22 (Cointime) - Several investment giants, including BlackRock, Fidelity, Invesco, Wisdom Tree, and Valkyrie, have applied for a Bitcoin spot exchange-traded fund (ETF) with the United States Securities Exchange Commission, leading to renewed optimism for its approval.
Binance Legal Team Alleges SEC Made "Misleading" Statements in Ongoing Lawsuit
June 21 (Cointime) - Lawyers for Binance, Binance.US, and CEO Changpeng Zhao have filed a motion claiming that the SEC misled the public in statements made about an ongoing securities lawsuit. The legal teams allege that the SEC made "misleading" statements in a press release and filed a motion for the regulator to comply with "applicable rules of conduct". The filing also claims that the SEC's press release was designed to introduce confusion into the marketplace and risks tainting the jury pool with misleading descriptions of the evidence. If approved, the order could prevent the SEC from issuing certain public statements on the Binance lawsuit for the duration of the case.
"Howey Test" May Impact Cryptocurrency Bullish Move and SEC Scrutiny
June 22 (Cointime) - The "Howey Test" could affect the bullish trend in cryptocurrencies, as the definition of what constitutes a security is becoming increasingly important in regulatory scrutiny. The Howey Test uses four prongs to determine if an asset is a security, and if it meets all four, it must register with the SEC. Bitcoin and ether appear to fall outside of this test, which could give newer investors confidence and shift the SEC's focus. Deutsche Bank has applied for regulatory permission to operate as a crypto custodian in Germany, while BlackRock has filed for a spot bitcoin ETF.
Coinbase Launches Legal Offensive Against SEC Months Before Lawsuit
June 21 (Cointime) - Coinbase, which is currently being sued by the SEC over the classification of XRP as a security, had already launched a legal offensive by filing amicus briefs in two other crypto-related lawsuits brought by the regulator.
Invesco Re-Files for Bitcoin ETF As Major Players Enter the Market
June 21 (Cointime) - Invesco, a global investment management firm with $1.49 trillion under its management, has reportedly refiled for a spot Bitcoin exchange-traded fund (ETF) after withdrawing its application in October 2021 due to regulatory concerns.
