CRYPTO

Like other Wall Street giants, Ark Invest, along with 21Shares, had filed a spot Bitcoin ETF filing, and recently amended its prospectus following communication from the U.S. regulator.

Ripple Labs' landmark victory against the U.S. financial regulator, followed by the dismissal of the charges against its top executives, seemingly suggests that the long legal battle of the blockchain firm against the SEC is finally over.

This decision basically solidifies the court's earlier ruling on Aug. 29, which noted that the SEC was "arbitrary and capricious" in its decision to reject Grayscale's bid to convert its $17 billion Grayscale Bitcoin Trust (GBTC) into a spot ETF.

Titled "Don't Trust...Verify," the documentary shows the journey of Bitfinex CTO and Tether CEO Paolo Ardoino to El Salvador, where he collaborated with community leaders, government officials and BTC evangelists who work tirelessly on the adoption of Bitcoin in the country.

Bitcoin rallied to $31,000 at the start of the week, but it seemed like the king of crypto was poised to surge to a much higher price level as it climbed to the $35,000 threshold later in the day until early Tuesday.

Early Monday morning, BTC was trading at $30,936.86 painting a huge gain of around 3% over the past 24 hours and a double-digit spike of over 10% in the past seven days.

The project used USDC-based rewards after it officially launched, which it said was a "transitional phase" that was now coming to an end.

The lead developer teased about the proverbial "quiet before the storm," seemingly hinting at the possibility of announcing and eventually launching new initiatives while explaining their vision for LEASH.

Apollo was interested in investing in FTX, but it wanted to know how a popular crypto derivatives exchange had a $7 billion shortfall.

Bitcoin's resurgence over the weekend, which continued at the start of the week, allowed MicroStrategy to nullify all of the losses it had incurred when BTC traded at $30,687.28.

After reports were released revealing that Hamas and its ally, the Palestinian Islamic Jihad, received around $90 million worth of crypto in funding, Chainalysis released a blog, noting that the reports might have overblown metrics and used "flawed analyses."

The top developer announced his resignation from the Lightning Network's development and its various implementations, and his departure has been a hot topic on social media.

Caroline Ellison is hoping to get leniency when the SBF trial ends in exchange for her cooperation.

According to the ETF analyst, the updated spot Bitcoin ETF prospectus also confirms that issuers are engaging in discussions with the financial regulator, signifying a positive indication of progress in the filings.

The successful conversion of GBTC into a Bitcoin ETF hinges on NYSE Arca's 19b-4 application approval and the SEC declaring Form S-3 effective.

The increasing confidence in the possibility of the SEC approving spot Bitcoin ETFs was further fueled by Cathie Wood, who emphasized the shift in the SEC's attitude towards BTC ETF filings this week.

Aptos has not yet revealed the precise reason for the lengthy on-chain disruption

Blockchain analysis firm Elliptic said Buy Cash used several wallet addresses, which cumulatively received crypto assets, amounting to over $30 million since 2015.

Contrary to the rumors that were circulating online a few months ago, Tesla suggested that it did not buy or sell any of its crypto assets over the three-month period ending in September. However, it did not explicitly state its actual Bitcoin holdings.

Paul Grewal also expressed his concern that establishing crypto tax reporting rules could put digital assets at a disadvantage, especially since the industry is just getting started.

For the investor and financial education advocate, inflation erodes the purchasing power of the dollar savings of the poor and the middle class who depend solely on it.

Despite speculations, Wood noted a shift in the SEC's stance on spot Bitcoin ETF applications.

Initial reports claimed Fantom lost $7 million in crypto due to the hack, but the team clarified that some of the wallets labeled Fantom Foundation wallet were mislabeled by blockchain explorers and that not all stolen funds were from the platform.

Things get a lot more interesting during the cross-examination of Singh by Sam Bankman-Fried's lawyers, particularly when the defense brought up the 10-acre estate he purchased on Orcas Island in Washington State.

Buterin has finally said his piece about the transactions. He reminded the community that the funds were transferred not for his personal gain but for "some charity or nonprofit or other projects." The receiving organization sometimes uses the funds to meet its operating expenses.

Israeli authorities have amped up their efforts to tackle the militant group's funding practices, targeting their cryptocurrency donations, believed to be one of the major sources of funds.

Crypto is a reality for investors; they are not likely to pass up a vehicle like Bitcoin, which has proven its worth and resilience. By denying that investment reality and preventing investors from working with accredited institutions that take heed of government rules ensuring investor safety, the SEC essentially throws them to the wolves.

In his interview with Vox released on Nov. 16, SBF, as the ex-CEO is more popularly known in the crypto space, revealed that Singh was "ashamed and guilty" of what happened.

The rumor that Ripple would go public started last month before the company held its "Proper Party" to celebrate its legal victory over the SEC.