Watching legal, policy and regulatory news re:crypto. Any views are my own; retweets/shares/likes don't signal endorsement. My tweets are definitely not advice!
Massive dips, big leaps back up - that's the short term but is this a watershed of sorts? I'd like to know what yawl think: is #coronavirus and the ensuing general chaos good, bad or irrelevant for #bitcoin and #crypto#cryptocurrency ?
It's all going down in #Canada ay! Judge orders 281.41 #bitcoin forfeited.... this case won't do much to help dispel the old line that bitcoin is just for criminals / drug-dealers.
thestar.com/news/gta/2019/04…
22/ IN CONCLUSION, the framework is definitely a cumulation of the cautionary lessons that we've learned from the SEC's past enforcement actions (don't shill your token $ value, actually develop a usable token, have a real plan to decentralize out your team, etc).
Could yesterday's #bitcoin rally have been caused by an @Bloomberg April fool on #ETF approval? I really hope the market has now matured sufficiently for this not to be true!
fastcompany.com/90328414/bit…
On Unchained, SEC Commissioner @HesterPeirce discusses a Bitcoin ETF, ICOs, what happens when commissioners disagree, dexes, stablecoins, security tokens and more. Check it out! unchainedpodcast.com/sec-com…
1/ SEISMIC NEWS for US #blockchain law watchers--the Uniform Law Commission today asked states to refrain from enacting its model acts for virtual currencies any competing legislation while new study commission reviews emerging tech... @ForbesCryptoforbes.com/sites/caitlinlong…
"Leveraged ETFs took 6 years for approval. Actively managed ETFs nearly 6 years as well. The 5 year bitcoin journey is not atypical. It's necessary for investor protection" says @bitwise. Yes & #Bitcoin#ETF represents bigger a paradigm shift than earlier approvals did
If there's ever a #bitcoin#ETF approved in US, diligent/measured analysis like this will need to inform equally diligent/measured policy decisions.
"The bitcoin market is smaller, but more efficient and regulated than reported, mitigating concerns around market manipulation"
1/ New Research from us @bitwise.
As part of 226 slides presented to the SEC on our ETF filing, we did a first-of-its-kind analysis of *order book data* from all 81 exchanges reporting >$1M in BTC volume on CMC.
TLDR: 95% of reported volume is fake but LOTS of good news!