Grayscale To Sue SEC Over Bitcoin ETF Rejection
Grayscale is looking to sue the Securities and Exchange Commission (SEC) after its application for a Bitcoin ETF was rejected SEC Rejects Grayscale Bitcoin ETF After the SEC rejected a request to turn Grayscale Investments’ Bitcoin trust into an exchange-traded fund, the company said it had filed a lawsuit. Late on Wednesday, Grayscale’s CEO, Michael […]
Napster to Launch its token on Algorand
Napster, a seasoned music streaming platform, has announced plans to launch its token on the Algorand blockchain, signaling its entry into the Web3 ecosystem. Although a launch date hasn’t been specified, Napster has published a litepaper explaining its aspirations to expand its current music streaming ecosystem on the layer-1 blockchain. According to the litepaper, “Napster […]
Crypto Market Loses $55B As Market Plummets
As the crypto market continues to plummet the market has lost $55 billion as Bitcoin and ETH dived below $19K and $1,023 respectively Crypto Market Plummets BTC On Thursday, Bitcoin plunged below the $19,000 mark once more, targeting the crucial support level established on June 18 as the cryptocurrency market tries to recover from the […]
WeatherXM raises $5 million in seed funding led by Placeholder VC
Web3 weather network WeatherXM has raised $5 million in a seed funding round led by Placeholder VC. The funding saw some other investors in the round including Metaplanet, ConsenSys Mesh, and Protocol Labs, among others. A $5 million seed round was secured by Weather XM, a weather network that uses cryptocurrency incentives to increase forecast […]
Grayscale’s lawsuit against SEC sparks community response
Grayscale filed a lawsuit against the US Securities and Exchanges Commission (SEC) after its request to convert the Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF) was rejected. Following these occurrences, the public reacted in a variety of ways, from blaming the SEC for manipulating prices to offering numerous solutions. Another Redditor who […]