Ethereum Classic Volume Dump! Cardano Founder Attacks Blackrock | Crypto News Update
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In this video, we delve into the latest developments in the crypto world. First, we discuss the submission of documentation by a division of BlackRock to the SEC for a Bitcoin Spot Trust, which has sparked controversy and divided opinions among the crypto community. Cardano creator Charles Hoskinson shares his dissatisfaction with the news, criticizing Bitcoin enthusiasts for their celebratory response and raising questions about their ethics and greed. On the other hand, we explore the perspective of another community member who believes BlackRock’s move could have positive implications for the wider adoption of cryptocurrencies like Cardano.
Next, we shift our focus to Binance’s French unit, which is currently under investigation by local authorities for allegedly providing illegal digital asset services and involvement in aggravated money laundering activities. We discuss the details of the investigation, including Binance’s operation before obtaining regulatory approval and its alleged involvement in investment operations and concealment. The video also highlights the ongoing legal challenges faced by Binance, including the lawsuit from the U.S. Securities and Exchange Commission and the company’s decision to exit the Netherlands due to compliance issues.
Additionally, we touch upon U.S. House Financial Services Committee Chair Patrick McHenry’s intention to closely monitor the SEC’s response to BlackRock’s application for a spot Bitcoin ETF. McHenry emphasizes the importance of consistent decision-making and fairness in the approval process. We discuss the SEC’s history of rejecting spot Bitcoin ETF applications and its recent approvals of Bitcoin futures ETFs.
Join us as we delve into these significant developments in the crypto landscape and explore the implications for the industry as a whole.
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0:00 Charles Attacks Blackrock
3:46 SEC Under scrutiny
5:25 Bitcoin Holdings
6:47 Binance Investigated By France
8:00 Ethereum Classic Volume Dump
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