Cryptocurrency News Today TheBitTimes.com

Amid the hype surrounding the impending Spot Bitcoin ETF approval, US Securities and Exchange Commission (SEC) Chair Gary Gensler has warned crypto investors to ‘”be cautious,” in a post to X (formerly Twitter). Moreover, Gensler reiterated the “serious risks” involved in digital asset investment The statement arrived a day after Gensler highlighted the “fraudsters” seeking to exploit the industry. In a similar post to the social media platform, he warned about potential scams awaiting retail investors who do not proceed with immense caution. Still, the agency is expected to issue approvals to most of the more than a dozen Spot Bitcoin ETC applications. JUST IN: 🇺🇸 SEC Chair Gary Gensler says "if you're considering an investment involving crypto assets, be cautious." — Watcher.Guru (@WatcherGuru) January 9, 2024 Also Read: Valkyrie Founder Expects Spot Bitcoin ETF Approval Wednesday SEC’s Gensler Once...

Bitcoin reached the $36,780 mark as analysts say the SEC has entered a window to approve all the current applications for spot Bitcoin ETFs. Although the crypto market expects the U.S. Securities and Exchange Commission (SEC) to approve multiple spot Bitcoin exchange-traded funds (ETFs) by Jan. 10, 2024, there’s still a possibility the watchdog might do it even earlier. New Research note from me today . We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals . But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants *COULD* occur pic.twitter.com/u6dBva1ytD — James Seyffart (@JSeyff) November 8, 2023 In an X post on Nov. 8, Bloomberg Intelligence Research James Seyffart noted that the SEC has entered a brief eight-day window to approve all 12 spot Bitcoin ETFs, including the one submitted by Grayscale Investments. Bitcoin price | Source: crypto.news Amid the news, Bitcoin price surged by 5%, s...

Speaking today, Chairman Gary Gensler said that the US Securities and Exchange Commission (SEC) is using AI to surveil financial markets for various forms of misconduct. Specifically, Gensler noted that the technology is currently used “in some market surveillance and enforcement action.” Additionally, Gensler noted the prevalence of artificial intelligence as a key reason behind the SEC’s request for more funding from Congress. The agency has opted to utilize the technology in order to assess market patterns that could be connected to misconduct. Also Read: Ripple Co-Founder Says Gary Gensler ‘Likes’ Lack of Clarity SEC Chair Says Agency is Using SEC as Surveillance Tool The prevalence of artificial technology has certainly been one of the bigger stories of 2023 thus far. Indeed, the arrival of OpenAI’s ChatGPT catapulted generative AI and tech like it into the mainstream. Now, the SEC has been discussing their use of the technology and ...

Also Read: FOMC Minutes: Fed Sees “No Recession In 2023”; Bitcoin Rally Began? advertisement Better Markets, an independent organization, argued that the SEC should disapprove the proposed rule change to allow spot ETF. The organization said the spot bitcoin markets have a history of artificially inflated trading volumes owing to manipulation. It also said in the comment: “The concentrated nature of the spot Bitcoin market and the heavy reliance on a select group of individuals and entities to maintain its network threatens a myriad of other harms.” Gary Gensler & Others Shared Testimonial On Better Markets The organization’s website shows that Gensler, along with anti-crypto Senator Elizabeth Warren, shared testimonials for the website. Matt Walsh indicated that both share interests in supporting the organization. It remains to be seen if this amounts to being a breach of law. Stating that the SEC chair had met Better M...