Aug 30: Crypto Market Soars as Grayscale Wins Appeal, SEC May Have Declared War on NFTs

The cryptocurrency market rallied on Wednesday after Grayscale Investments won an appeal against the SEC in its quest to convert its Bitcoin Trust (GBTC) into a spot Bitcoin ETF. The price of Bitcoin surged as much as 5% in the wake of the ruling, reaching a price of $27,425. The SEC may have also declared war on NFTs, as it argued that NFTs could be considered securities and therefore subject to regulation. Finally, Binance, the world's largest cryptocurrency exchange, has launched crypto bank account payments in Latin America.

#crypto

#bitcoin

#ethereum

#nft

#sec

#grayscale

#etf

#binance

#latinamerica

#finance

#regulation

#technology

__________

News Links 👇

https://decrypt.co/154119/grayscale-wins-appeal-against-sec-to-convert-bitcoin-trust-to-etf

https://decrypt.co/154118/bitcoin-surges-after-grayscale-wins-appeal-against-sec

https://decrypt.co/154140/bitcoin-cash-up-after-grayscale-prevails-over-sec-etf-case

https://decrypt.co/154156/whats-good-for-grayscale-and-bitcoin-etfs-could-be-great-for-coinbase

https://www.theblock.co/post/247997/coinbase-shares-jump-14-amid-market-revelry-over-grayscale-win

https://decrypt.co/154153/did-sec-declare-war-nfts-legal-analysis

https://unchainedcrypto.com/doj-moves-to-bar-all-sbfs-expert-witnesses-from-testifying-at-trial/

https://cointelegraph.com/news/binance-crypto-bank-account-payments-latin-america

——————————————————————

***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!

©Copyright 2023 Matthew Aaron Podcasts LLC

Daily Bitcoin, Ethereum, & Crypto News!

Hosted on Acast. See acast.com/privacy for more information.