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U.S.-based lawyer said an upcoming SEC closed-door meeting is scheduled for Nov 2.  Johnsson said the meeting is significant given previous outcomes of similar meetings, especially as it concerns Bitcoin ETFs. The lawyer said a similar meeting happened just before the first Bitcoin ETF in the U.S. was approved. In a recent post on X (formerly Twitter), Scott Johnsson, a U.S.-based financial lawyer, raised speculations about a possible spot Bitcoin exchange-traded-fund approval by the U.S. Securities and Exchange Commission (SEC) by November 2, 2023.  Notably, Johnsson posted that an upcoming closed-door meeting is scheduled for November 2. “I believe this is the first closed meeting of the Commissioners since the Grayscale appeal deadline expired and the mandate was delivered. The agenda includes resolving litigation claims and admin proceedings.” he tweeted. November 2 – I believe this is the first closed meeting of the Commissioners since Gra...

STRAX experienced a 24% spike in 24 hours, outshining major cryptocurrencies. Its seven-day performance records a 75% increase alongside a 122% 30-day growth. STRAX’s annual growth of 102.26% surpasses ETH and BNB. The leading cryptocurrencies in the market, like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), are beginning to slip back into the bearish zones as their 24-hour gains represent barely one percent gains to slightly negative growth. However, amid the potential bullish thread reversal for the large-cap coins, the native token of the Stratis, STRAX, has taken the crypto community by storm. According to CoinMarketCap data, STRAX recently engineered a significant bullish rally, putting its 24-hour gain over 24%.  In parallel, its seven-day cumulative performance is now up significantly by 75%. Also, crypto market participants exchanged over $139 million STRAX tokens in the last 24 hours, representing a nearly 150% increase from th...

CryptoCon warned traders today that BTC may undergo a short-term correction. The analyst’s prediction comes after a Golden Cross formed on BTC’s daily chart. Despite the bearish outlook, CryptoCon believes that the Golden Cross may be validated after the correction. The technical analyst CryptoCon warned in an X post earlier today that Bitcoin (BTC) may see its price drop in the short term. His prediction comes after a significant bullish technical flag, known as a Golden Cross, was triggered on the market leader’s daily chart. By now I'm sure you've heard about the Golden Cross that just happened for #Bitcoin. What you probably didn't hear is what this is, or what comes after. But don't worry, I've outlined every Golden Cross that's come outside of a bear market downtrend to show you! This our… pic.twitter.com/ivhEAwyWAN — CryptoCon (@CryptoCon_) October 30, 2023 A Golden Cross is when the 50-day moving average (MA) crosses...

The Shiba Inu network is setting its sights on a significant milestone in the world of crypto currencies: the eradication of a decimal point. In crypto lingo, “eliminating a zero” is the term used when a coin’s price increases tenfold, effectively shifting its decimal point to the right. While this journey may be lengthy, it is by no means unattainable, and the SHIB community is abuzz with anticipation. With Shiba Inu’s (SHIB) current price standing at $0.00000793, the community is optimistic about SHIB’s prospects for destroying another zero from its price point. To accomplish this feat and breach the $0.00001 level, SHIB would need to achieve a gain of roughly 25.5%. Notably, the last time SHIB traded above the $0.000001 mark was back in August, as per Binance’s data. Source Amidst this development, the SHIB market saw a recent decrease in trading volume. While some may find this worrisome, others interpret it as a positive signal. Reduced tra...

TaxDAO is now releasing a series of articles focusing on the site selection and operational strategies for multinational companies with a primary business in cryptocurrency assets. This article is the first in the series and primarily compares the macro-environment and tax policies of Singapore and Hong Kong. As two of Asia’s most important financial hubs, both Singapore and Hong Kong offer well-established legal systems, open market environments, and low tax costs, attracting numerous multinational companies to establish headquarters or branch offices. With the advent of the Web3.0 era, cryptocurrency assets, as an emerging form of financial asset, have gained attention from the governments and regulatory bodies in both regions. Singapore and Hong Kong have both developed corresponding regulations and guidelines to regulate the development of the cryptocurrency asset market and have provided supportive policies, such as tax incentives and financial innovation funds. However, there are...

During a panel at the 2019 MIT Bitcoin Expo, Gensler called out the securities regulator for its ‘inconsistent’ approach to spot Bitcoin ETF approvals. Gary Gensler once criticized the United States securities regulator for its “ inconsistent ” approach to spot Bitcoin (BTC) products, according to a resurfaced video of Gensler from 2019. The video clip, which has recently made the rounds again on social media, shows the pre-SEC Gensler discussing blockchain regulation at the 2019 MIT Bitcoin Expo in a fireside chat with Securities and Exchange Commission (SEC) commissioner Hester Peirce. “Bitcoin futures, and I think Ethereum futures and so forth, will exist and Bitcoin ETFs have not and that feels a little inconsistent to me [...]It feels a little inconsistent ,” Gensler said. “Even though the laws aren’t exactly the same, they’re quite similar,” he added. Meanwhile, on X (Twitter), the crypto community couldn’t help but highlight the contrast with Gensler’s views toward spot Bitco...

Roundhill Financial has submitted a proposal to create a Bitcoin Covered Call ETF in the wake of the anticipated approval of Bitcoin spot ETFs by the SEC. New York-based investment advisor Roundhill Financial has reportedly moved in anticipation of the Securities and Exchange Commission (SEC) approving spot Bitcoin exchange-traded funds (ETFs). It forwarded a proposal to create a Bitcoin Covered Call ETF. According to Eric Balchunas, a senior ETF analyst with Bloomberg, Roundhill’s ETF proposal will be a fusion of a Bitcoin (BTC) futures ETF with additional call and put options to generate income. Roundhill just filed for a Bitcoin Covered Call ETF, which will hold a bitcoin futures ETF and then write call and put options for income pic.twitter.com/0yqsAOXqX5 — Eric Balchunas (@EricBalchunas) October 27, 2023 The move marks Roundhill’s continued interest in crypto-related offerings, evident from their previous filings for an Ethereum (ETH) futures ETF alongside VanEck...

The crypto world is constantly evolving, with new projects and companies emerging to reshape the financial landscape. October 24th, 2023, witnessed several exciting funding rounds in the crypto space. Let’s dive into the details of these funding events, investors, and the innovative projects they are supporting. 1. Integral – Strategic Funding Overview: Date: October 24, 2023 Financing amount: Undisclosed Valuation: Undisclosed Category: Infrastructure/Web3 Subcategory: Accounting/Asset management About Integral – Strategic: Integral secured strategic investment from Coinbase Ventures and established a partnership with Coinbase. This collaboration aims to introduce next-generation accounting solutions for Coinbase Prime clients. These solutions cover assets held both inside and outside of Coinbase, marking a significant milestone for the company. Investor: Investor: Coinbase Ventures Type: Fund Location: United States of America Year Fo...

Cryptocurrency trader, analyst Ali revealed that there is a large supply wall in ETH’s order books. According to the post, a vast amount of ETH positioned at $1,960 is preventing ETH from breaking out. At press time, the altcoin was trading hands at $1,788.47 after a 3.15% price drop over the past 24 hours. The cryptocurrency trader and analyst Ali revealed in an X post yesterday that there is currently a large supply wall hindering the chances of an Ethereum (ETH) breakout. According to the post, there is a supply wall of around 33 million ETH at $1,960. Wen #Ethereum break out? Well, you may need to wait for $ETH to overcome the huge supply wall at $1,960. Here, 1.14 million addresses bought nearly 33 million #ETH, according to @intotheblock. pic.twitter.com/B2noPQbJPc — Ali (@ali_charts) October 26, 2023 The leading altcoin suffered slightly over the past 24 hours of trading. According to data from the cryptocurrency market tracking website Coin...

Two US Senators asked the US Department of Justice (DoJ) to take ”swift action” against Binance and Tether for aiding the militant group Hamas. “We strongly support swift action by the Department of Justice against Binance and Tether to choke off sources of funding to the terrorists currently targeting Israel,” wrote Lummis and Arkansas representative French Hill in an Oct. 26 letter to Attorney General Merrick Garland. Senators Want Binance ”Charging Decision” They urged the DoJ to conclude its investigation into Binance and to ”reach a charging decision” that reflects its “level of culpability” in illicit activities. When it comes to illicit finance, crypto is not the enemy – bad actors are. I sent a letter asking DOJ to finish its investigation and consider criminal charges against Binance and Tether after reports they served as intermediaries for Hamas and engaged in illicit activities. pic.twitter.com/M3KGNFkpW...

An analyst shared on X that the AVAX/BTC trading pair could bounce off of a bottom on its 4-hour chart. In this bullish scenario, the pair could rise to the next major resistance level at 0.0003610 BTC. Both AVAX and BTC saw their prices increase over the past 24 hours of trading. The cryptocurrency analyst and investor CryptoKaleo shared on X earlier today that the Avalanche (AVAX) and Bitcoin (BTC) trading pair could start making a move upwards soon. According to the post, the pair is starting to bounce off of a bottom on the 4-hour chart. $AVAX / $BTC pair starting to bounce off the bottom as well This is where you giga long pic.twitter.com/IsL6xe5ECA — K A L E O (@CryptoKaleo) October 26, 2023 The AVAX/BTC pair rebounded from a low of 0.0002982 BTC yesterday, resulting in a strong positive move in the following 24 hours. Subsequently, the pair currently seems to be in an attempt to challenge the 0.0003395 BTC barrier. Daily chart for AVAX/B...

Oct 26, 2023 at 13:10 // Price Author Coin Idol Bitcoin (BTC) price has remained spectacular after recapturing the psychological price level of $30,000 on October 23. Cryptocurrency price Analysis brought by Coinidol.com. Bitcoin price long-term forecast: bullish The largest cryptocurrency then rebounded and reached a high of $35,199 before falling back on October 24. Recently, the bulls broke through the barriers at $31,000 and $32,400. In the event of a price decline, these major resistance levels become support levels. On the positive side, price indi...

As part of its continuous development, cryptocurrency trading platform MultiBank.io has recently announced the introduction of an innovative ‘Panic Sell’ feature with the goal of streamlining and boosting the crypto (and fiat) trading experience for its users. Indeed, the crypto exchange arm of the financial derivatives giant MultiBank Group has introduced the said ‘Panic Sell’ tool that allows users to quickly convert all positions into a digital asset or even fiat currency with a single tap, after which they can wire out the funds to linked bank accounts, the company said on October 26. ‘Every second counts’ Commenting on the recent development of his company’s newest feature , MultiBank.io’s CEO Zak Taher has pointed out its exceptional importance in today’s fast-paced financial markets and clients’ growing needs: “During tumultuous market conditions, every second counts. Our ‘Panic Sell’ feature stems from a personal pain point I faced in my trading journey. ...

In the realm of content creation, there are three essential elements to consider: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness assesses the diversity of sentence structures. Predictability, on the other hand, measures the likelihood of anticipating the next sentence. Human writers tend to employ greater burstiness, juxtaposing lengthy and intricate sentences with shorter ones, resulting in a dynamic narrative. Conversely, AI-generated content often leans towards uniformity. Thus, for the content I’m about to request, I seek a substantial degree of perplexity and burstiness while minimizing predictability. Additionally, the content must be exclusively in English. Allow me to rephrase the following passage: Renowned exchange-traded fund analyst , Eric Balchunas, expressed that the recent inclusion of the iShares spot Bitcoin exchange-traded fund (ETF) in the Depository Trust &...