More Bitcoin ETF Rejections ‘Quite Likely,’ BitGo’s Belshe Says
BitGo CEO Mike Belshe said it’s “quite likely” the Securities and Exchange Commission (SEC) will reject a series of spot bitcoin ETF applications despite industrywide optimism.
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BitGo CEO Mike Belshe said it’s “quite likely” the Securities and Exchange Commission (SEC) will reject a series of spot bitcoin ETF applications despite industrywide optimism.
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The widespread use of central bank digital currencies (CBDCs) does not have enough justification at the moment as customers are so comfortable using today’s type of money, a senior Mastercard official has said.
Trading interest in DOGE bets rose over 40% in the past 24 hours to reach their highest levels since April.
Notable booms include Loom Network’s LOOM, whose price surged approximately ten times over two months, and HIFI, whose prices spiked by 6,600% in September alone.
Charts related to global central banks, U.S. financial conditions and the 10-year U.S. Treasury yield suggest the path of least resistance for the cryptocurrency is upward.
IOSCO denied crypto industry requests for a bespoke regime for stablecoins while requiring closer cooperation between regulators in promotional materi
AVAX is up 8% in the last 24 hours, while bitcoin is trading below $36,500.