Excuse me, I want to ask my friends who understand this. I was transferred around noon at about 12 o'clock through bep20 USDT from my husband, the first 20 usdt, the second 110 usdt & the third transfer 320 usdt, but why haven't I received it until now, please I ask for help from everyone who understands 🥺🙏
Bitcoin will witness a correction, perhaps a week of decline.
Today, the Chicago Stock Exchange listed Bitcoin in future trading As the stock market will make a major shortfall, it will lead to Bitcoin falling to approximately 30,000 areas. Bitcoin has reached a strong resistance level, there are orders worth $60 million sold, at levels 48,49,50. I do not think that Bitcoin will continue to rise, unless there is a long correction
Currently, liquidity can be transferred to Ethereum, and the currencies based on it will witness a strong rise.
Keep your 👀 on Matic and the currencies built on it, and you will witness a rise.
The United States Securities and Exchange Commission (SEC) is forging ahead with its plans to render a decision on spot Bitcoin exchange-traded funds (ETFs) despite facing a setback due to a recent social media hack. The agency’s official account, ‘SEC’s X,’ was compromised on January 9, resulting in a misleading post that briefly shook the markets and social media platforms. The hack orchestrated on the SEC’s social media platform triggered an erroneous announcement claiming the approval of spot Bitcoin ETFs in the United States. Although swiftly deleted within a span of 20 minutes, the message propagated chaos across various channels. The SEC promptly announced its collaboration with law enforcement agencies to investigate the breach and address its implications. Speculations emerged regarding the potential influence of this incident on the scheduled decision concerning spot Bitcoin ETFs, which was anticipated to take place on January 10. Concerns were raised among some commentators, speculating that this blunder might provide grounds for a delay in the decision-making process. Dennis Porter, CEO of Satoshi Action Fund, expressed this sentiment, suggesting that if the SEC intends to prolong the ETF process, they could leverage this incident as a pretext for stalling. However, despite these concerns, insider insights and industry experts remain optimistic about the SEC’s adherence to the original timetable. Porter indicated that his sources continue to signal towards the green light for spot Bitcoin ETF applicants on January 10. Bloomberg’s ETF analyst, Eric Balchunas, echoed this sentiment, predicting the official approval window for spot Bitcoin ETFs to fall between 4:00 pm to 5:00 pm Eastern Time (9:00 pm to 10:00 pm UTC) on January 10. The SEC’s resilience in proceeding with its scheduled decision amid the social media account breach highlights the agency’s commitment to maintaining operational integrity and adhering to predetermined timelines. The investigation into the hack remains ongoing, but the regulatory body appears resolute in maintaining the sanctity of its decision-making process regarding spot Bitcoin ETFs. While the hack momentarily stirred uncertainty, the prevailing consensus among industry figures and analysts suggests that the SEC’s decision on spot Bitcoin ETFs remains steadfast, with expectations aligned for a favorable outcome within the anticipated timeframe. Source: https://azcoinnews.com/secs-bitcoin-etf-decision-remains-firm-amid-x-twitter-hacking-incident.html
What Would Satoshi Nakamoto Say About Spot Bitcoin ETFs? I Wager disappointment
Satoshi Nakamoto, the elusive and pseudonymous creator of Bitcoin, introduced the world to a decentralized and peer-to-peer electronic cash system with the publication of the Bitcoin whitepaper in 2008. While Nakamoto’s identity remains unknown, the impact of (his/hers/their) creation on the financial landscape is undeniable.
If we were to imagine what Satoshi Nakamoto might say about spot Bitcoin Exchange-Traded Funds (ETFs), it’s important to consider the fundamental principles that guided the creation of Bitcoin. Satoshi’s vision, as outlined in the Bitcoin whitepaper published in 2008, emphasized decentralization, censorship resistance, and the removal of intermediaries from financial transactions.
Satoshi Nakamoto’s BTC plan overturned
Bitcoin exchange-traded funds (ETFs) have been a hot topic within the crypto community and traditional finance sectors. The idea behind a Bitcoin ETF is to provide investors with exposure to the price movements of Bitcoin without directly owning the cryptocurrency. In this context, spot Bitcoin ETFs, which are backed by physical Bitcoin holdings, have been particularly scrutinized.
In this context, the introduction of spot Bitcoin ETFs might be viewed with a degree of skepticism or even disappointment from a purist perspective. Here’s a speculative statement based on this notion:
1. Decentralization and Control
One of the fundamental tenets of Satoshi Nakamoto’s vision for Bitcoin was decentralization, allowing individuals to have control over their financial transactions without relying on central authorities.
The introduction of spot Bitcoin ETFs, which are subject to the oversight and regulations of traditional financial institutions, could be viewed as a departure from this vision. Satoshi Nakamoto might express concern over the potential centralization of Bitcoin’s influence within traditional financial systems, potentially compromising the essence of decentralization.
2. Financialization vs. Utility
Satoshi Nakamoto designed Bitcoin with the primary intention of creating a peer-to-peer electronic cash system, promoting financial inclusivity and independence. Spot Bitcoin ETFs, while increasing accessibility for institutional investors, may prioritize financialization over the utility of Bitcoin as a means of direct exchange.
Satoshi Nakamoto might lament the shift towards speculative trading instruments and the detachment of Bitcoin from its original purpose as a decentralized currency.
3. Custodial risks
Spot Bitcoin ETFs require custody of physical Bitcoin, entrusting third-party entities with the responsibility of safeguarding these assets. Nakamoto’s vision emphasized the elimination of trust in intermediaries. The reliance on custodial solutions poses inherent risks, as witnessed in the history of cryptocurrency exchange hacks and fraud.
In this context, Satoshi Nakamoto might express disappointment in the compromise of security and trustlessness introduced by relying on external custodians.
4. Regulatory dependence
The regulatory landscape surrounding cryptocurrencies is dynamic and varies globally. Spot Bitcoin ETFs, being subject to regulatory approval and compliance, introduce a level of dependence on traditional financial systems that Nakamoto sought to circumvent.
The need for regulatory approval may be seen as antithetical to the original ethos of Bitcoin, as it places control and validation in the hands of government entities rather than the decentralized network of users.
5. Market speculation and volatility
Spot Bitcoin ETFs, like any financial instrument tied to the volatile crypto market, can contribute to increased speculation and price volatility. Satoshi Nakamoto’s initial vision aimed at creating a stable and practical alternative to traditional currencies. The potential for heightened market speculation may be seen as detracting from the stability and reliability that Nakamoto envisioned for Bitcoin.
Crypto community reactions tied to Satoshi
According to one analyst, the potential approval of a spot Bitcoin exchange-traded fund in the United States will raise fundamental questions about Bitcoin’s original goal by enigmatic creator Satoshi Nakamoto. The concept of a spot Bitcoin ETF contradicts the concept of self-custody.
However, not everyone has been bullish about spot Bitcoin ETFs. Arthur Hayes, co-founder of crypto exchange BitMEX, says that spot BTC ETFs could “completely destroy” Bitcoin if they become too successful. According to some Bloomberg analysts, if not Bitcoin, such ETFs will most likely compete with centralized crypto exchanges like Coinbase, as ETF fees are expected to be lower than exchange fees.
Arthur Hayes predicts a 30%-40% correction in $BTC by early March if the ETF approval takes Bitcoin close to its 2021 ATH.A 30%-40% correction would bring prices back to around $40K by March, aligning with the 50-day EMA.What do you think?
— Lark Davis (@TheCryptoLark) January 9, 2024
One user on Reddit when asked what position Satoshi would take on BTC ETFs, said: “Obviously not. He presented BTC as a currency, not as an investment vehicle. The fact that it became one is a severe perversion of the original intentions already.”
The user continued to say, “But on the other hand, it was designed to be decentralized and out of even his control. The users have decided that cryptocurrency is more useful as an investment than a currency, so here we are. I personally think it is a gigantic waste of potential.”
Other users on Reddit have called on crypto critics to read Satoshi Nakamoto’s Bitcoin white paper and understand the current state. One says, “Satoshi didn’t invent a currency, he invented a payment system. Seems even crypto bros don’t even understand crypto. Read the white paper.[…] Explain to me how you can create a payment system that doesn’t use an already existing currency without creating a new currency.”
Others have hailed the investment vehicle by suggesting Satoshi knew of the investment faculty of BTC when he said:
When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. It’s great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices.
One of Gary Gensler’s Closest Associates Sends ‘Reject Bitcoin Spot ETF’ Letter to SEC...
Better Markets, a US-based non-profit organization, sent a letter to the Securities and Exchange Commission (SEC) stating that it opposes the approval of Bitcoin Spot ETFs. Grayscale argues that the court decision should not force the SEC to deviate from its previous decision not to approve multiple spot Bitcoin-based ETFs. In a rare move, Better Markets filed a supplemental comment letter, arguing that the SEC approving the pending rule change would be a major, if not historic, mistake and would result in major investor losses. According to the organization, approval of these spot Bitcoin ETFs will expose investors to a market completely contaminated with fraud and manipulation. Bloomberg analyst James Seyffart commented on the situation, stating that given the time, effort and energy expended by all these applicants and SEC staff over the past few months, a denial would certainly be a criminal act. FOX Business cryptocurrency journalist Eleanor Terrett noted that this last-minute comment letter from Better Markets could potentially impact SEC approval of a Bitcoin Spot ETF. He brought up the close relationship between SEC Chairman Gary Gensler and Better Markets President and CEO Dennis Kelleher. Both served together on Biden's presidential transition team, and Kelleher is known for his dislike of crypto. Kelleher has previously commented on Gensler, the SEC, and the crypto industry, stating that the crypto industry has no legitimate or socially beneficial purpose and has a fundamentally predatory business model. Kelleher shares Gensler's public views that the majority of cryptocurrencies are unregistered securities and states that the vast majority of crypto products are unregistered securities and commodities traded on unregistered exchanges. Senator Warren, the biggest critic and arch-foe of cryptocurrencies, has publicly associated herself with Kelleher and Better Markets, even giving a complimentary testimonial on the organization's website. #etf #sec #garrygensler
🎙️📯BITCOIN #ETF All 11 issuers of Bitcoin ETFs have filed amendments 19b-4 🪙
🔆This means that the applications are fully ready for SEC approval, and the commission no longer has reasons (at least it seems so now) to deny them.
🔆As I anticipated earlier and as FOX now reports, the commission is currently working to launch all 11 funds at the same time by January 11, which is already next week.
🔆The decision timelines for the applications may vary slightly depending on when they were filed, or the SEC may approve all at once.
👨🏫 The ETF launch could trigger significant market volatility. I've talked about the price movement scenario in this post, so right now I am setting limit orders in case of a plummet. Stay tuned for entry point updates.
$BTC Currently Trading on : 42500$ Zone Which is Locally Resistance Point ! If #BTC Break this Resistance $BTC Max Push to 43200 Zone Which 2nd Major resistance- then $BTC Will Drop to 41000 Zone Again : Or May Be Retest the Major Supporting Zone For Bitcoin is 40200 and this is also considered as CMA GAP- If Sellers Put Pressure Bitcoin Can Go for 39250$ if BTC Take Reversal From Here then You Can See BTC 45000$ to 48000$ Otherwise What is My Opinion : BTC Will Crash ! Now - All Are here Greedy everyone buys Every Alts at the moment So This Market Always Shows Yous You Something Else Even America Approval #etf But Bitcoin Will Drop to 28K to 25K Again : Mark My Words This is for Long Term
SEC'S NEW STEPS CAUSING BITCOIN'S FALL THIS WEEK!!
According to a Crypto Intelligence report, this price drop coincided with the decision by the United States Securities and Exchange Commission (SEC) to reject a proposal from leading crypto exchange Coinbase.The proposal seeks to revise the regulations governing crypto. SEC Chairman Gary Gensler supported the decision, emphasizing the applicability of existing laws to the crypto securities market. He stressed the importance of the Commission's autonomy in setting its regulatory agenda.The SEC's involvement in the crypto market is being closely watched, especially in light of the expected approval of the first spot Bitcoin ETF in the US in early 2024. Gensler explained that the SEC's actions are based on its statutory authority and the court's interpretation of that authority.