CFTC declares Ether as a commodity again in court filing
The community is hopeful that the assertion by the CFTC will put to bed claims that staked coins are securities according to the Howey Test. Go to Source Powered by WPeMatico
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Belgium says BTC, ETH and other decentralized coins are not securities
Belgium’s take on what conditions must be met in order for a crypto asset to be classed as a security are in contrast to the views of U.S. Securities Exchange Commission Chairman Gary Gensler. Go to Source Powered by WPeMatico
Ether staking could trigger securities laws — Gensler
Though he did not specify any particular crypto, SEC chair Gary Gensler said proof-of-stake cryptocurrencies could be subject to securities laws. Go to Source Powered by WPeMatico
Community reacts after SEC’s Gensler affirms BTC’s commodity status
Gensler said he saw many crypto assets having attributes of a security, adding that Bitcoin is the only crypto he was comfortable publicly labeling as a commodity. Go to Source Powered by WPeMatico
Here’s why Bitcoin bulls will defend $42K ahead of Friday’s $3.3B BTC options expiry
Holding $42,000 will help determine whether BTC bulls bag a $175 million profit in March 25’s $3.34 billion options expiry. Go to Source Powered by WPeMatico
Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist
The statement appeared as Bitcoin investors waited for fresh economic projections from the Federal Reserve and China pledged to release metal reserves amid concerns over commodity rally. Go to Source Powered by WPeMatico
Grayscale tops $50 billion: ‘Will soon pass world’s largest commodity ETF’
Grayscale continues to grow, passing $50 billion. That’s equivalent to the world’s second-largest commodity ETF. Go to Source Powered by WPeMatico
Report: Bitcoin Untied from the Economic Cycle, ‘Largely Uncorrelated to Other Asset Classes’
On Tuesday, Coinshares Investment strategist James Butterfill published a report which shows that bitcoin is a unique asset, but is “largely uncorrelated to other asset classes” like commodities and traditional stocks. Coinshares Investment strategist James Butterfill published a new report on August 18 that shows bitcoin (BTC) is establishing itself as an investment store of … Read more
Former Finance Secretary Subhash Chandra Garg Proposes Regulating Crypto as Commodity in India
Subhash Chandra Garg, former Finance and Economic Affairs Secretary of India, has told the Indian crypto community that crypto assets should be regulated as commodities. However, he stands by his draft crypto bill that bitcoin and other cryptocurrencies should be outlawed. Garg Proposes Indian Government Regulates Crypto as Commodity Subhash Chandra Garg, former Economic Affairs … Read more
Bitfinex Must Face New York’s Accusations Over the Loss of $850M in Co-Mingled Funds
The popular digital currency trading platform, Bitfinex must deal with the New York Office of the Attorney General (NYAG) over the alleged hiding of over $800 million in client and corporate funds. The NY state Supreme Court’s Appellate Division overruled an appeal on Thursday, after the company put forth the argument that tether (USDT) was … Read more
