Daily Archives: July 1, 2023

US Supreme Court to Review Legality of SEC’s In-house Enforcement Amid Crypto Dispute

This action arises as the US Securities and Exchange Commission (SEC) actively pursues legal charges against major cryptocurrency exchanges and associated entities. The US Securities and Exchange Commission (SEC) is facing allegations of enforcing legal challenges on the crypto industry without clear regulations. In response, the US Supreme Court has reportedly chosen to examine the commission’s in-house enforcement procedures. SEC…

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Fidelity Partners with Coinbase for Spot Bitcoin ETF, According to Updated Filing

Fidelity Updates Bitcoin ETF Application Following SEC Comment; BTC Trading Volume Surges Over 100%. Global asset manager Fidelity has recently filed its official application for a Spot Bitcoin ETF. However, the U.S. Securities and Exchange Commission (SEC) expressed that the initial filings made by Blackrock and Fidelity for Bitcoin ETFs lacked clarity and comprehensiveness. In response to the SEC’s comments,…

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Bitcoin Whales and Sharks Surge in Accumulation Amid ETF Launch Announcements

  The recent news of Exchange-Traded Fund (ETF) launches has led to a significant increase in Bitcoin accumulation among large-scale investors, known in the crypto world as ‘whales’ and ‘sharks.’ This trend, observed over the past fortnight, could justify further upswings in cryptocurrency value, especially for Bitcoin, as the transition into July occurs. Santiment, a notable crypto analytics firm, recently…

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Ukraine war: Putin confirms first nuclear weapons moved to Belarus

Russia has already stationed a first batch of tactical nuclear weapons in Belarus, Vladimir Putin says. Russia’s president told a forum they would only be used if Russia’s territory or state was threatened. The US government says there is no indication the Kremlin plans to use nuclear weapons to attack Ukraine. “We don’t see any indications that Russia is preparing…

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