The journey towards a potential Bitcoin ETF has so far been long and arduous. But some key decisions in the race are likely to be made this week. Meanwhile, the crypto faithful are waiting to see how things play out this time.
September 1ᵉʳ is the deadline given to the U.S. Securities and Exchange Commission (SEC) to rule on Bitcoin ETF applications. This is the date by which Bitwise will know whether its ETF will win SEC approval. Five other applicants will receive a response from the regulator the following day, while one will have to wait until September 04.
The ever-changing crypto arena recently witnessed a major victory for Grayscale, marking a significant rout for the SEC. At the heart of this event, two giants of the cryptosphere, Ripple and Coinbase, scan the horizon with renewed confidence.
MIAMI (BUSINESS WIRE) - U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC” or “the Company”), a leading operator of large-scale data centers for new-age workloads such as digital asset mining, is thrilled to announce that it has secured a deal with Celsius Network LLC (“Celsius”) to host an initial 8,500 miners with an estimated sticker hashrate of 820 petahash (PH) at the USBTC Alpha Site. This significant agreement represents a robust advancement in the Bitcoin mining industry and continues the strong collaboration between USBTC, and Celsius, with support from the Fahrenheit, LLC coalition (“Fahrenheit”) which includes USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza.
In the impenetrable crypto sector, every decision, every action carries weight, especially when it emanates from the most influential entity on the globe: the United States. PeckShieldAlert's recent investigation is causing quite a stir: the US government, so critical of crypto, is actually one of bitcoin's biggest holders.
In a particularly tumultuous crypto environment, there has recently been a rush of Ethereum whales. A trend which, according to recent reports, is not as widespread as we might have thought.
A recent data analysis reveals that bitcoin reserves held by several exchanges are falling sharply. This trend could have major implications for the crypto market. In particular, exchanges could soon run out of liquidity and see their trading volumes plummet.
BRUSSELS --(BUSINESS WIRE)-- Swift today released results from a new series of experiments that show its infrastructure can seamlessly facilitate the transfer of tokenised value across multiple public and private blockchains. The findings have potential to remove significant friction slowing the growth of tokenised asset markets and enable them to scale globally as they mature.
As the crypto sector continues to evolve at dazzling speed, Binance, the crypto trading giant, once again appears to be at the forefront of innovation. With the launch of ColLabs by Binance Labs, the promise is bold: to transform the way investors perceive and interact with the Web3 ecosystem.
Since Elon Musk took over the reins of Twitter, now X, this former bluebird has been undergoing a series of major transformations. With a view to making X an “all-in-one application”, a newly-announced collaboration with Coinbase is laying the foundations for a revolution in job posting.