Latest price and news from the crypto space
Latest price from our hand picked list of digital assets
 

The U.S. Securities and Exchange Commission (SEC) is reportedly set to allow Bitcoin futures exchange-traded funds (ETFs) to begin trading. According to Bloomberg, the regulator “isn’t likely to block the products from starting to trade next week.”

Nasdaq-listed cryptocurrency exchange Coinbase has said in a new policy proposal that the U.S. should create a new regulator to oversee digital asset markets, warning that the failure to properly regulate the space could leave the country even further behind others.

Auction house Sotheby’s is diving into the tokenized digital collectibles world with the launch of Sotheby’s Metaverse marketplace, months after it first started auctioning non-fungible tokens (NFTs) such as the popular Bored Ape Yacht Club avatar collection.

Top stories in the Crypto Roundup today:

  • SEC Likely to Allow Bitcoin Futures ETFs to Trade
  • Coinbase Calls For New Crypto Regulator in the U.S.
  • Sotheby’s Launches Curated Ethereum-Based NFT Platform
  • Crypto Market Movers – SHIB, STX, DOT

 
24 hours chart of the price of BTC
 

SEC Likely to Allow Bitcoin Futures ETFs to Trade

 

The U.S. Securities and Exchange Commission (SEC) is reportedly set to allow Bitcoin futures exchange-traded funds (ETFs) to begin trading. According to Bloomberg, the regulator “isn’t likely to block the products from starting to trade next week.”

Bloomberg’s report cites people familiar with the matter who asked not to be named, and points out that, unlike other Bitcoin ETF applicants, proposals by ProShares and Invesco are based on futures contracts and were filed under mutual fund rules that SEC Chairman Gary Gensler has said provide “significant investor protections.”

A Bitcoin ETF approval in the U.S. would be the culmination of a nearly decade-long campaign to list such a product. Crypto advocates have been looking to list it ever since Cameron and Tyler Winklevoss, the founder of the Gemini exchange, filed the first Bitcoin ETF application in 2013.

Approval has, for years, been out of the grasp of issuers who have tried a variety of different methods to get a Bitcoin ETF out on the market. The SEC has in the past expressed concern prices could be manipulated in the crypto space and that liquidity may be insufficient.

Bitcoin’s price climbed past $59,000 following reports suggesting that the SEC may approve a Bitcoin futures ETF. Four futures-backed Bitcoin ETFs could enter U.S. exchanges this month if approved.

 
Read More
 

Coinbase Calls For New Crypto Regulator in the U.S.

 

Nasdaq-listed cryptocurrency exchange Coinbase has said in a new policy proposal that the U.S. should create a new regulator to oversee digital asset markets, warning that the failure to properly regulate the space could leave the country even further behind others.

Coinbase’s vision is similar to one proposed by one of its investors, venture capital firm Andreessen Horowitz, but includes some differences. A16z, for example, advocates for regulatory agencies to collaborate on crypto, while Coinbase said there should be one regulator for the space.

Coinbase Chief Policy Officer, Faryar Shirzad, noted that Coinbase started by “taking the existing multiplicity of regulators and trying to figure out what minimal surgery you could do to make things work,” but soon concluded it’s harder to adapt the current system “which is predicated on an old market structure” than to start from scratch.

The exchange said in the policy report it wants a “clear and comprehensive approach to regulating digital assets, and for regulation that is fit for purpose.”

 
Read More
 

Sotheby’s Launches Curated Ethereum-Based NFT Platform

 

Auction house Sotheby’s is diving into the tokenized digital collectibles world with the launch of Sotheby’s Metaverse marketplace, months after it first started auctioning non-fungible tokens (NFTs) such as the popular Bored Ape Yacht Club avatar collection.

The marketplace is powered by Mojito, a new NFT tech and commerce suite developed by Web 3.0 venture studio and marketing firm Serotonin, which has been working with Sotheby’s since April.

The marketplace will first host the Natively Digital 1.2: The Collectors collection, which will feature 53 NFTs currently owned by a total of 19 celebrities and notable collections in the space.

 
Read More
 

Crypto Market Movers – SHIB, STX, DOT

 

Several tokens are leading the charge in the last 7-day period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Shiba Inu (SHIB) - SHIB is an experiment in decentralized spontaneous community building. SHIB token is the project’s first token and allows users to hold billions or even trillions of them, having a supply of a quadrillion.

Stacks (STX) - Stacks is an open-source network of decentralized apps and smart contracts built on Bitcoin. The Stacks blockchain is a flexible layer on top of Bitcoin that enables decentralized apps, smart contracts, and digital assets

Polkadot (DOT) - Polkadot development is on track to deliver a robust platform for security, scalability, and innovation. Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives users the ability to interoperate with a wide variety of blockchains in the Polkadot network.

 
Read More

State of the Crypto by Top Tier Exchange Volume

Toplist 20 coins by top tier volume

Build your project with CoinDesk Data

 
social icon twitter social icon linkedin
 

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.

 
 
Download our App from the google play store
 
 
Download our App from the apple store