Author: American Coins & Gold

Ethereum Handled Friend.tech Frenzy Without 'Gas Fee' Spike. Why That’s a Big Deal
Friend.tech, Crypto’s latest fad, didn’t drive up congestion and fees on Ethereum the way frenzies have in the past – possibly a sign that the blockchain’s efforts to scale by fostering supplemental “layer-2” networks, like Coinbase’s new Base, are bearing fruit.

First Mover Americas: Bitcoin Rallies on Grayscale Court Win Over SEC
The latest price moves in bitcoin (BTC) and crypto markets in context for August 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Sam Bankman-Fried's Allotted Prison Tech Is Inconvenient, but Fair: U.S. DOJ
Federal prosecutors say the FTX founders’ access to technology in pre-trial detention goes “above and beyond ” that which other defendants have been offered.

Grayscale Victory Against SEC Clears Path for Spot Bitcoin ETFs: Bernstein
The ruling increases the likelihood the SEC might approve all bitcoin spot ETF applications together, the report said.

Genesis Lender Group Opposes ‘Wholly Insufficient’ DCG Deal
Creditors with $2.4 billion in claims against the bankrupt crypto lender could scupper an agreement made after months of wrangling.

Grayscale Ruling Does Not Guarantee Bitcoin Spot ETF Approval, Traders Say
“It doesn’t mean that now Grayscale will be 100% able to list a spot Bitcoin ETF, nor that this will happen in the future,” one trader said.

Crypto Bank Seba Wins In-Principle Approval to Operate in Hong Kong
Approval is the first step in acquiring a full license for Seba Hong Kong to deal in crypto or virtual assets-related products and traditional securities

Sam Bankman-Fried’s Planned Defense ‘Irrelevant’ Without More Details, Govt Says
The FTX founder’s constitutional rights are being violated because he is ‘unable’ to prepare his defense from jail, his lawyers argued.

EOS Network's Token Receives Trading Approval in Japan, EOS Surges Nearly 10%
Under the Payment Services Act, the JVCEA and FSA, two financial bodies, closely monitor and regulate crypto-asset providers, requiring a thorough pre-screening process for new tokens.

Crypto Exchanges Saw Inflows of 30K Bitcoin Prior to Grayscale's SEC Victory
The exchange supply of bitcoin increased significantly just prior to Grayscale’s win over the SEC, according to analytics firm Santiment.