Author: American Coins & Gold

Bitcoin Gains Spark Bullish Call of ‘T Asset;’ BTC Forks Jump
One bull said bitcoin is “more valuable than gold” and will become a $15 trillion asset.

SBF Trial: What Did FTX’s Terms of Service Say About Customer Funds?
A filing last week suggests Sam Bankman-Fried’s defense wants to get back to the argument that Bankman-Fried did not technically commit wire fraud because FTX’s terms of service were worded in such a way that there’s no case to argue funds were misappropriated.

Ferrari to Start Accepting Crypto Payments in U.S: Reuters
Ferrari will subsequently extend the scheme to Europe in response to demand from its wealthy customers.

Investor Demand for Ether Staking Yields Has Slowed: Coinbase
Staking yields have dropped to 3.5% from above 5% in the last few months, the report said.

Binance Burns 0M BNB in Quarterly Move
The burn mechanism is based on BNB’s price and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter.

FTX Bankruptcy Estate Stakes 0M SOL and ETH as Sam Bankman-Fried's Trial Continues
Addresses tied to the bankrupt crypto exchange controlled by a creditors’ group have apparently staked the tokens to earn yield, blockchain data suggests.

Grayscale 'GBTC Discount' Narrows to Near 2-Year Low as SEC Misses ETF Appeal Window
The narrowing of the discount likely represents increased likelihood that Grayscale will be able to convert its close-ended bitcoin trust into a spot-based exchange-traded fund.

Bitcoin Jumps to Near K As Bulls Bet on ETF Approval
Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.

Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024
Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024.

Upbit Receives Preliminary 'In-Principal' Approval in Singapore
The in-principal approval allows Upbit Singapore to continue providing regulated digital payment token services in compliance with the Payment Services Act 2019.