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๐ŸŒ™ Bitcoin Rebounds to $67K After Fed Decides To Maintain Rates

Bitcoin hasn't made big moves since the U.S. Federal Reserve announced its decision to keep interest rates still. It's down by 12% this week, though.

Author

Mike Gavela
March 20, 2024

Crypto Roundup - Mar 20

In the latest developments within the cryptocurrency sector, the market sees mixed signals as Bitcoin's price remains largely unaffected by the Federal Reserve's decision to keep interest rates steady. Meanwhile, BlackRock, the world's largest asset manager, forges ahead with blockchain innovation by tokenizing a new fund on the Ethereum blockchain for accredited investors. In regulatory news, the Securities and Exchange Commission (SEC) has postponed its decision on the VanEck spot Ether ETF application, reflecting ongoing deliberations on cryptocurrency investment products.

Top Stories:

  • Bitcoin's Stability Amid Federal Decisions: The cryptocurrency's price shows resilience as the Federal Reserve holds interest rates constant, with slight fluctuations observed.

  • BlackRock Embraces Ethereum: A significant move into digital assets, tokenizing a fund specifically for high-net-worth individuals, indicating traditional finance's growing intersection with blockchain technology.

  • SEC's Delay on Ether ETF: The regulator extends its review period for the VanEck spot Ether ETF, highlighting the cautious approach towards crypto-based financial products.

TOP STORIES

Bitcoin Price Barely Budges as Federal Reserve Keeps Interest Rates Static - Decrypt

Bitcoin hasn't made big moves since the U.S. Federal Reserve announced its decision to keep interest rates still. It's down by 12% this week, though.

decrypt.co/222627/bitcoin-price-barely-budges-federal-reserve-interest-rates

BlackRock Tokenizes Fund for Accredited Investors on Ethereum Blockchain - The Defiant

BlackRock, the world's largest asset manager, tokenized a recently-launched fund on the Ethereum blockchain.

thedefiant.io/blackrock-tokenizes-fund-for-accredited-investors-on-ethereum-blockchain

SEC pushes deadline on VanEck spot Ether ETF application

The U.S. Securities and Exchange Commission extended the time period on approval or disapproval for the Cboe BZX Exchange to list and trade shares of the VanEck Ethereum ETF.

cointelegraph.com/news/sec-pushes-deadline-vaneck-spot-ether-etf

FUNDRAISES

OTHER HEADLINES

SEC is attempting to classify Ether as a security: Report

An SEC investigation into the Ethereum Foundation could reportedly give the regulator a pretext to define ETH as a security.

cointelegraph.com/news/sec-ether-security-classification

Coinbase Transactions Are Failing Due to Congestion on Ethereum Scaler Base - Decrypt

Just weeks after Coinbase crashed due to Bitcoin trading demand, the exchange is facing issues due to rising activity on Base.

decrypt.co/222614/coinbase-transactions-are-failing-due-to-congestion-on-ethereum-scaler-base

Ethereum Foundation Receives Enquiry From Unidentified Government Entity - The Defiant

A state authority has issued a โ€œvoluntary enquiryโ€ to the Switzerland-based organization that oversees Ethereum's development.

thedefiant.io/ethereum-foundation-receives-subpoena-from-unidentified-government-entityethereum-foundation

Guilty Verdict for Woman Accused of Laundering Bitcoin Tied to Alleged $6B China Fraud: Bloomberg

Police in the U.K. seized over 1.7 billion pounds ($2.2 billion) worth of related bitcoin in 2018.

www.coindesk.com/policy/2024/03/20/guilty-verdict-for-woman-accused-of-laundering-bitcoin-tied-to-alleged-6b-china-fraud-bloomberg

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