Originally aired on June 28, 2023
BlackRock, Vanguard, and State Street, three major financial companies, have acquired an additional 12,333 Bitcoins, according to Michael Saylor from MicroStrategy. This move has significant implications for the Bitcoin market and the accessibility of Bitcoin for individual investors.
Originally aired on June 29, 2023
Kucoin has announced the implementation of mandatory Know Your Customer (KYC) procedures starting from July 15th. This article discusses what this means for users, the need to familiarize oneself with the terms of service, and the potential alternatives for trading on decentralized exchanges (DEXs).
The Federal Reserve recently released a list of financial institutions with access to their services, but it was not voluntarily done for transparency. Congress forced the disclosure, coinciding with the SEC’s targeting of crypto asset companies. The list raises questions about the eligibility of some institutions and highlights the lack of transparency in traditional banking. It also emphasizes the importance of conducting due diligence when using crypto asset exchanges.
Wendy O discusses the launch of a meme coin by Wall Street Memes, a popular crypto community. The article highlights their love for memes and their growing community. It also provides information on how to buy the token, tokenomics, ambassadors, and an airdrop opportunity. The roadmap and pre-sale details are also mentioned.
Originally aired on June 27, 2023
Wendy O discusses the launch of the Fidelity Bitcoin ETF and its potential impact on the cryptocurrency market. It highlights the interest of traditional financial institutions in Bitcoin and the concerns related to custodial ownership. Wendy also mentions the SEC’s approval of a Bitcoin-leveraged ETF and its implications.
The SEC’s case against Binance is being criticized for its alleged incompetence and lack of understanding of the crypto industry. The SEC is accused of unfairly targeting Coinbase and ripple in the past, and now they are going after Binance, claiming that some of the listed crypto assets are securities. However, the SEC’s approach is being questioned as they believe that proving just one asset as a security will lead to a win, despite multiple assets being alleged. This is seen as a waste of time and resources, with the lack of clear guidelines hindering innovation in the US.
Originally aired on June 15, 2023
BlackRock, a traditional finance company that owns roughly $8 trillion of assets globally, along with Bank of America and Fidelity, has publicly moved into the cryptocurrency space. This move raises concerns that traditional finance is seeking total control and may be behind the current crackdown on crypto asset providers in the United States. MicroStrategy, one of America’s largest Bitcoin holders, has ties to Bank of America, Fidelity, and BlackRock, indicating traditional finance’s involvement in the cryptocurrency industry.
Originally aired on June 14, 2023
Crypto firms in the US are looking to move outside the country due to the absence of regulatory guidelines. However, Congressman Warren Davidson is introducing the SEC Stabilization Act to restructure the SEC and fire Gary Gensler as the chairman. The act proposes six commissioners to make decisions, rather than a single person governing the SEC. Currently, the lack of clarity around crypto-assets and legality in the US is causing frustration among investors. Moreover, firms like a16z, who support crypto in the US, are now expanding to the UK.
Originally aired on June 13, 2023
The Hinman speech has been made public, and it contains emails showing that a token should not be classified as a security once it is fully decentralized. This conflicts with the SEC’s approach and could impact the future of crypto assets. The speech also highlights the SEC’s lack of understanding about how to classify digital assets as securities, which could result in unjust targeting of entrepreneurs and crypto asset exchanges.