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Is a much worse Bitcoin crash imminent? SEC rejects application for Fidelity’s Wise Origin Bitcoin Trust spot ETF.
Janet Yellen is right. Crypto is filled with scam artists. We all know it. And most of us suspect there is a BIG SCAM at the center of crypto...TETHER, now in bed with El Salvador, which is not going to help crypto's reputation.
Janet Yellen is right. Crypto is filled with scam artists, and we all know it, and it's absurd to pretend otherwise. And most of us know about the BIG SCAM at the center of crypto...Yellen certain does.
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Leverage trading and not periodically revoking permissions to my wallet for protocols i no longer used or even wanted to interact with F You BZX - Fulcrum, aka Ooki
“The SEC said it had concluded that " the record does not support a finding that the bitcoin market is inherently and uniquely resistant to fraud and manipulation." "Additionally, the continuous nature of bitcoin trading does not eliminate manipulation risk, and neither do linkages among markets, as BZX asserts," the ruling said.” What record? Who wrote it? What experience do they have? What does “the record” say? Can it be changed? If so, how? Can we (the Public) read it? Typical nonsense
tldr; The US Securities and Exchange Commission has extended its window to approve or disapprove spot Bitcoin (BTC) exchange-traded fund (ETF) applications from asset managers WisdomTree and One River. The SEC will push the deadline for approving or disapproving a rule change allowing shares of the WisdomTree Bitcoin Trust to be listed on Cboe BZX Exchange. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; The US Securities and Exchange Commission is denying applications to establish two Bitcoin exchange-traded funds (ETFs) based on the spot market. The regulator is rejecting NYSE Arca's bid to change a rule to list and trade shares of the NYDIG Bitcoin ETF and Cboe BZX Exchange's proposal to do the same to the Global X Bitcoin Trust. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I see what you mean but you have to read the reason they denied it: BZX exchange. Nonetheless we only have to wait 1-2 days for the answer!
Here is the ruling: https://www.sec.gov/rules/sro/cboebzx/2022/34-94080.pdf under here: [https://www.sec.gov/rules/sro/cboebzx.htm](https://www.sec.gov/rules/sro/cboebzx.htm) >The proposal to list Fidelity’s Wise Origin Bitcoin Trust ETF was first filed by Cboe BZX Exchange Inc in March last year. https://financialpost.com/pmn/business-pmn/u-s-sec-rejects-fidelitys-wise-origin-spot-bitcoin-etf-2 >Moreover, BZX does not sufficiently contest the presence of possible sources of fraud and manipulation in the bitcoin spot market generally that the Commission has raised in previous orders, which have included (1) “wash” trading,62 (2) persons with a dominant position in bitcoin manipulating bitcoin pricing, (3) hacking of the bitcoin network and trading platforms, (4) malicious control of the bitcoin network, (5) trading based on material, non-public information, including the dissemination of false and misleading information, (6) manipulative activity involving the purported “stable coin” Tether (“USDT”), and (7) fraud and manipulation at bitcoin trading platforms clutching at straws especially 2) and 3) - hacking of the bitcoin network really? These are the most bullshit reasons - someone needs to sue the SEC
tldr; The US Securities and Exchange Commission has rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of Fidelity’s Wise Origin Bitcoin Trust. The regulator said any rule change in favor of approving the ETF would not be aimed at preventing “fraudulent and manipulative acts and practices” *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Thanks! BTC -> https://imgur.com/a/kfc5BZX
tldr; New York-based asset manager WisdomTree has amended its filing for a Bitcoin exchange-traded fund with the Securities and Exchange Commission to name U.S. Bank National Association as the custodian for shares of its Bitcoin trust. The SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of WisdomTree’s Bitcoin Trust. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
From the article > “The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6(b)(5), in particular, the requirement that the rules of a national securities exchange be ‘designed to prevent fraudulent and manipulative acts and practices’ and ‘to protect investors and the public interest,’” stated the SEC order. How is a futures ETF not more risky? You normally need to apply with your broker to be approved to trade futures.
tldr; The US Securities and Exchange Commission has rejected an application for a Bitcoin spot ETF from WisdomTree. Cboe BZX, the exchange which would have listed WisdomTree’s ETF, doesn’t meet requirements around fraud and market manipulation, the SEC said. WisdomTree initially filed its application in May. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I get along with other crypto buyers just fine. I see cryptos as technologies, and I think equating them to physical substances is misleading. Right now, crypto looks so much like the dot-com bubble. Remember? Every internet company was awesome because it was an internet company. We're in a similar manic phase with crypto. The problem with Bitcoin is simply that it's slow and inefficient, and there's no way to fix it. AOL dial-up was dominant in the 1990s. Netscape communicator was once dominant. Internet Explorer was once dominant. VHS became laser disk became DVD became blue-ray became streaming. Consider, say, the broader uptake of crypto adoption. Will new users care that crypto is decentralized? Nope. Will they care that it's fast and efficient and easy to use? Yep. Bitcoin as digital gold? It's not. It's blockbuster video. Imagine it's this time in 2022. Eth 2.0 has been released. It can both hold value and instantly transfer that value. Gas feels are gone. Mining has been replaced with staking. Sharding allows for Eth to process 100,000 transactions per second. Meanwhile Bitcoin will not finalize transactions for 10 minutes. It will process 7 transactions per second. And it will require an insane amount of hardware and energy to accomplish this goal. Ever hear of an ESG rating? All the gov will have to do is equate Bitcoin to energy use, then use the ESG rating to deny grants and subsidies. That's if companies are even allowed to hold crypto--the new head of the OCC sees a lot of problems. Plus, Dems have already have a full crypto regulatory package waiting in the wings (see Beyer's bill). And if you read the SEC stance on the VanEck ETF, the SEC is not exactly turning cartwheels for Bitcoin. [https://www.sec.gov/rules/sro/cboebzx/2021/34-93559.pdf](https://www.sec.gov/rules/sro/cboebzx/2021/34-93559.pdf) ​ >Moreover, BZX does not sufficiently contest the presence of possible sources of fraud and manipulation in the bitcoin spot market generally that the Commission has raised in previous orders, which have included (1) “wash” trading, (2) persons with a dominant position in bitcoin manipulating bitcoin pricing, (3) hacking of the bitcoin network and trading platforms, (4) malicious control of the bitcoin network, (5) trading based on material, non-public information, including the dissemination of false and misleading information, (6) manipulative activity involving the purported “stablecoin” Tether (USDT), and (7) fraud and manipulation at bitcoin trading platforms. While I don't think the SEC will make Bitcoin a security, it's clear the gov sees some obvious problems with Bitcoin. And, frankly, they are valid concerns. Note that Tether mention. The SEC all but calls it a fraud. Tether is half of crypto's trading volume. Expect Gov movement on stablecoins. [https://home.treasury.gov/news/press-releases/jy0456](https://home.treasury.gov/news/press-releases/jy0456) Also, don't forget that the DOJ is investigating Tether for fraud. [https://www.cnbc.com/2021/07/26/doj-reportedly-probes-crypto-company-tether-for-possible-bank-fraud.html](https://www.cnbc.com/2021/07/26/doj-reportedly-probes-crypto-company-tether-for-possible-bank-fraud.html) Gee, I wonder if they will [find anything amiss.](https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal) Where am I wrong?
Seriously, who knows. As you have said coins with great tech and tokenomics languish while absolute shitcoins pump and , get hacked, then pump again every day ( BZX hacked 3 times in a year !!). Crypto is a very young , immature and psychotic market. Anything can happen. My attitude now after 4 years is it's all about BTC, all other coins are a means of trading to get more BTC. I hold what I think are quality alts, but if and when they pump, I'll be trading for BTC. It is the pillar and the main asset of the market. Hard money. Seriously, the SEC could pull the rug on everything else tomorrow as unregistered securities..except for Bitcoin. My two cents worth anyway.
Their reasoning. > The Commission concludes that BZX has not met its burden under the Exchange, in particular, the requirement that the rules of a national securities exchange be **“designed to prevent fraudulent and manipulative acts and practices” and “to protect investors and the public interest.”** Oof, that’s disapppinting.
I didn't have any tokens on BZX. All were in my wallet
tldr; ARK Invest has given its brand name to a new bitcoin futures ETF that will invest in cryptocurrency futures contracts and trade on the CBOE BZX Exchange. The proposed ETF, called ARK 21Shares Bitcoin Futures Strategy, with the ticker symbol ARKA, is an attempt by the fund managers to take advantage of the surge in cryptocurrency this year. The SEC has yet to approve a bitcoin *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Fulcrum BZX - DeFi non KYC - use on the polygon chain - 4 week leverage with ability to cash out at leisure and roll over to additional days and weeks ( for additional fee) - ETH and WBTC APR the s 13% I believe
tldr; BlockFi filed a registration intention with the Securities and Exchange Commission to offer a bitcoin futures exchange-traded fund (ETF) in the US. The fund would invest in cash-settled futures contracts traded on the Chicago Mercantile Exchange, short-duration fixed income securities, and cash or cash equivalent investments. BlockFi will list its Bitcoin Strategy ETF on the Cboe BZX Exchange. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
You can simply use Celsius. But if you're conversant with DeFi, you can earn a little more yield using BZX or Alpaca on Binance Smart Chain for BUSD.
tldr; Kryptoin has filed an application with the Securities and Exchange Commission for an Ethereum ETF. If approved, the Kryptoin Ethereum ETF Trust would be traded on the Cboe BZX exchange. Several companies have petitioned the SEC to begin allowing ETFs linked to Bitcoin or Ether. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Happy 21st crypto ETF filed for 2021 with Kryptoin’s ‘Ethereum ETF Trust’ The Kryptoin Ethereum ETF Trust plans to issue its common shares on the Chicago Board Options Exchange’s (Cboe) BZX, and will value them based on the CF Ether-Dollar U.S. settlement price..
tldr; GlobalX Digital Assets, a fund manager with $31 billion in assets under management, has filed an application for a Bitcoin ETF with the US Securities and Exchange Commission. The proposed Global X Bitcoin Trust would trade on the Cboe BZX exchange, with the Bank of New York Mellon appointed as the trust's administrator. The SEC has yet to approve any Bitcoin ETFs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Ark Invest has filed for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission. The New York-based firm has partnered with Swiss-based 21Shares AG to offer the ARK 21Shares Bitcoin ETF, which would trade on Cboe's BZX Exchange under the ticker symbol ARKB. The filing indicates a planned fee of 0.95% payable to 21Shares. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Ark Invest has filed for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission. The New York-based firm has partnered with Swiss-based 21Shares AG to offer the ARK 21Shares Bitcoin ETF, which would trade on Cboe's BZX Exchange under the ticker symbol ARKB. The filing indicates a planned fee of 0.95% payable to 21Shares. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Ark Invest has filed for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission. The New York-based firm has partnered with Swiss-based 21Shares AG to offer the ARK 21Shares Bitcoin ETF, which would trade on Cboe's BZX Exchange under the ticker symbol ARKB. The filing indicates a planned fee of 0.95% payable to 21Shares. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Ark Invest has filed for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission. The New York-based firm has partnered with Swiss-based 21Shares AG to offer the ARK 21Shares Bitcoin ETF, which would trade on Cboe's BZX Exchange under the ticker symbol ARKB. The filing indicates a planned fee of 0.95% payable to 21Shares. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; ARK Invest, the investment management firm helmed by Cathie Wood, has filed for a Bitcoin ETF. The SEC is currently reviewing Bitcoin ETF filings from Kryptoin, WisdomTree, Fidelity, VanEck, and Anthony Scaramucci's Skybridge Capital. ARK's proposed Bitcoin ETF would trade on Cboe's BZX Exchange. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; ARK Invest, the investment management firm helmed by Cathie Wood, has filed for a Bitcoin ETF. The SEC is currently reviewing Bitcoin ETF filings from Kryptoin, WisdomTree, Fidelity, VanEck, and Anthony Scaramucci's Skybridge Capital. ARK's proposed Bitcoin ETF would trade on Cboe's BZX Exchange. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Dug it. "The SEC said in an April filing that it will announce a decision by June 17 on a proposal from VanEck Associates Corp. to create a bitcoin ETF. If approved, the VanEck Bitcoin Trust would list shares on Cboe's BZX Exchange." Nice.
AutoFarm has been quite solid on BSC. They offer Yield Farming on a variety of farmas (PCS v2, Belt, BZX, etc. etc.) and have recently added Portfolio view.
Not going to go to deep on any of these but I like them all as long term holds. Some are far more risky than others and all could collapse at any moment. DMST: NFT platform on matic with a fresh take on the nft art concept and a good team behind it, staking platform live [https://darkmatter.finance/](https://darkmatter.finance/) VIDT: Another NFT but more enterprise application for NFT and validation use cases. Already have a strong functional product. [https://vidt-datalink.com/](https://vidt-datalink.com/) MTV: Adds scaling to multiplacation by implementing sharding solution. [https://www.mtv.ac/](https://www.mtv.ac/) BZX: blockchain built for defi application such as margin trading and lending [https://bzx.network/](https://bzx.network/) ​ Now go forth and buy my bags!
tldr; Exchange-traded fund giant WisdomTree has applied to launch a bitcoin ETF. The firm intends to list the shares of the ETF on Cboe’s BZX Exchange. It is one of many firms to apply for an ETF by filing an S-1 Form with the US Securities and Exchange Commission. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; WisdomTree Investments has filed with the US Securities and Exchange Commission to launch a Bitcoin exchange-traded fund (ETF). If approved, the shares of the WisdomTree Bitcoin Trust will be changing hands on the CBOE BZX exchange under the BTCW ticker. Earlier this year, VanEck and NYDIG registered their respective proposals. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; WisdomTree Investments has filed with the US Securities and Exchange Commission to launch a Bitcoin exchange-traded fund (ETF). If approved, the shares of the WisdomTree Bitcoin Trust will be changing hands on the CBOE BZX exchange under the BTCW ticker. Earlier this year, VanEck and NYDIG registered their respective proposals. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Cboe BZX Exchange has filed a proposal with the US Securities and Exchange Commission to list and trade shares in the VanEck Bitcoin Trust. Shares would be redeemable for Bitcoin. A Bitcoin ETF tracks the price of Bitcoin, allowing investors who are interested in the cryptocurrency to get exposure to the asset. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Cboe BZX Exchange has filed a proposal with the US Securities and Exchange Commission to list and trade shares in the VanEck Bitcoin Trust. Shares would be redeemable for Bitcoin. A Bitcoin ETF tracks the price of Bitcoin, allowing investors who are interested in the cryptocurrency to get exposure to the asset. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*