114 total views
Yesterday, US stocks fluctuated a lot, but at the end of the Nasdaq session, the Dow Jones Industrial Average rose slightly by 0.27% and the S&P 500 fell by 2.08%. Stock futures fell in all three indexes. Oil price kept at 109 USD/barrel. Gold also moved sideways around 1818 USD/ounce.
Bitcoin price had a time when it dropped below $20,000 and hovered around $18,000. Altcoins also fell.
Fed Chairman Jerome Powell told an ECB forum over the past day that US policymakers will not allow inflation to hold back the economy in the long term. Inflation in the US is now at its highest level in more than 40 years. In the near-term, the Fed will make more interest rate hikes to try to contain the rapid price increase.
SEC Rejects Grayscale Bitcoin Spot ETF
The Securities and Exchange Commission (SEC) has rejected Grayscale Investments’ Bitcoin Spot ETF application to convert Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin exchange-traded fund (ETF). The SEC denied it because Grayscale failed to respond to SEC questions about preventing market manipulation, as well as other concerns.
For its part, Grayscale has vehemently argued that the SEC accepting a Bitcoin Future ETF but rejecting a Bitcoin Spot ETF is inconsistent. Because if the reason is to protect investors, the Bitcoin Future ETF fund will be more risky for investors.
So Grayscale sued the SEC almost immediately after it was dismissed. Since the respondent is the governing body, the case will go directly to the appellate court and a decision will be made within 9 to 12 months. Grayscale also recently hired attorney Donald B. Verrilli Jr., who previously served as an attorney general in the Obama administration, to lead this case with the SEC.
Voyager Related to Celsius?
Celsius continues to not allow users to withdraw money and has no further information. Many users are still very worried because their money is stuck on Celsius’s application.
A share on Twitter indicates that, recently, a main wallet of Voyager company sent 174 million USD, 65,000 ETH and some tokens such as Matic, KNC, AAVE, … to Celsius’s wallet.
This person also found out that Voyager company chose Celsius to preserve and store its assets in 2019. So the question is that Voyager is having problems and needs to borrow a large amount of money from Alameda. relative to Celsius or not. This information has not been verified at this time, but it helps investors know more about the current situation about Celsius and Voyager
Bitcoin is not safe?
A report commissioned by the Pentagon concluded that blockchain is not decentralized, vulnerable to attacks, and is running outdated software. The Pentagon’s research team, the Defense Advanced Research Projects Agency (DARPA), has joined Trail of Bits — a security research organization — to investigate blockchain. Trail of Bits focuses on Bitcoin and Ethereum, the two leading cryptocurrencies in the global market.
According to the report, 60% of all Bitcoin traffic moves through only three ISPs (internet service providers). The second thing that is mentioned is that the three major mining pools today, ViaBTC, Pooling and Slushpool, account for 25% of BTC mining speed. But these mining pools are very sketchy when it comes to cryptographic security. Trail of Bits warns that the nodes used by cryptocurrency miners can easily be deployed using an inexpensive cloud server. Based on these, the report claims that the Bitcoin network is not secure.
However, these reports have been pointed out by many as irrational and not technically correct. It doesn’t matter if mining pools use cryptographic security. Because these ciphers are only used when sending signals such as mining speed on the network, but cannot be used to access or manage miners, etc. This password is not important and does not matter, it’s just part of the system design. About the node machines used to attack 51% is not true because the function of the node machine to store data cannot be used to attack.
Bitcoin has been around for more than 13 years and since then many people have wanted to attack 51% of BTC but have never been able to. Miners are also the beneficiaries and perform the protection of the network. And Bitcoin is old, but it is the most secure network among cryptos today.
Terra to create an algorithmic stablecoin project Terra Classic USD (USTD) suffered severe failure after it crashed in May. However, USTC has recovered after its per-token value almost reached 0.1 USD. . As a result, the capitalization of USTD increased from $65 million to $767 million during the same period. According to CoinMarketCap, more than 45% of the trading volume behind the surprising price booms of USTC and LUNC originates from KuCoin exchange, a centralized exchange that is said to operate out of the Seychelles. Many people consider this to be inappropriate and should be questioned.
The US Trade Commission sent a petition calling on major companies, Apple and Google, to remove the Tik Tok app from their app stores. The reason this agency gives is that behind Tik Tok is Beijing, using this application to collect user data. If the two companies Apple and Google do not accept the offer, the reason should be given to the trade agency.
Cryptocurrency exchange CoinFlex announced that withdrawals may not start again on Thursday as the company initially hoped. To fix the $47 million loss on CoinFlex’s balance sheet, the company is issuing a token called Recovery Value USD (rvUSD) and attracting investors that can be staking it at up to interest rates. 20%.
► Join the most prestigious Exchanges with exclusive deals with CHK
#SEC #Rejects #Grayscale #Bitcoin #ETF