BITCOIN

The Indian government has responded to questions during a parliamentary session regarding crypto regulation in India. The government emphasized the valuable guidance provided by the IMF-FSB synthesis paper presented at the G20 summit, noting that this paper offers a framework for both G20 and non-G20 nations to develop “clearer policies on crypto assets.” Government Provides Indian Crypto Framework Progress Update The Indian government provided some answers on Monday regarding cryptocurrency regulation in India. The Indian government has been grappling with the question of crypto regulation since July 2019, when a draft bill was introduced. Parliament Member Rajeev Shukla asked the Minister of Finance in Rajya Sabha, the upper house of India’s parliament, whether the government “intends to take further measures to provide for effective regulation of crypto assets in the country in sync with the New Delhi Leaders’ Declaration adopted by the G20 countries.” Minister of State in th

Asset management firm Vaneck has predicted that bitcoin’s price will reach an all-time high on Nov. 9, following a “combative election that saw Donald Trump win 290 electoral votes and regain the presidency, raising optimism that the SEC’s hostile regulatory approach will be dismantled.” Vaneck further predicted that Satoshi Nakamoto could be named Time Magazine’s “Man of the Year” if bitcoin hits $100K by next December. Bitcoin’s Next All-Time High Prediction Asset management firm Vaneck has predicted that “bitcoin will make an all-time high” in the fourth quarter of next year. This is one of the firm’s 15 crypto predictions for 2024. “In the second half of 2024, bitcoin will climb a presidential-sized wall of worry,” Vaneck described. “The percentage of the global population voting in legislative and presidential elections will hit an all-time high above 45% in 2024. This high level of important elections augurs high volatility and the prospect of significant changes. More speci

The U.S. Securities and Exchange Commission (SEC) has held multiple meetings with spot bitcoin exchange-traded fund (ETF) issuers regarding their applications. “The SEC is busier than Santa’s elves,” said a Bloomberg ETF analyst, noting that Blackrock, the world’s largest asset manager, recently met with the SEC three times. More Spot Bitcoin ETF Issuers Meeting With SEC The U.S. Securities and Exchange Commission (SEC) recently held meetings with four different issuers regarding their spot bitcoin exchange-traded fund (ETF) filings. Bloomberg analyst James Seyffart shared on social media X Tuesday that Blackrock, the world’s largest asset manager, returned to the SEC on Monday for the third time in recent weeks to discuss its spot bitcoin ETF application. He noted that the securities watchdog also held meetings with Fidelity Investments , Franklin Templeton, and Grayscale Investments. According to meeting memorandums posted on the SEC website, Grayscale and Franklin Templeton met