Satoshi account, tweeted years later; SEC continues to delay decisions on crypto ETFs; Coinbase officially announces major crypto license
A tweet from Satoshi’s account!
The X account named Satoshi made its first post since 2018.
In the post, it was stated that different aspects of Bitcoin that are not explicitly included in the technical review will be examined.
“Bitcoin is a predicate machine. In the coming months, we will examine different aspects that are not explicitly included in the whitepaper. These aspects are all part of Bitcoin and are important. Some of these ideas were touched upon in the early years, now it’s time to speculate and explain.”
A post from the account of Satoshi Nakamoto, the founder of Bitcoin, whose identity is still unknown, became an agenda in the crypto community.
Is it real Satoshi?
However, there are also rumors that Craig White manages this account. The person posting from the Satoshi account may not be the real Satoshi.
Many claims were made for Satoshi, the creator of Bitcoin, who disappeared after a forum post he made years ago. Although some names in the crypto sector claimed to be Satoshi Nakamoto, none of them could prove it.
The fact that the post from the Satoshi account took place on October 1 is of particular importance. October is known as “Uptober” among the cryptocurrency community, a month when the value of the asset rises, with various exceptions. Data reveals that the asset’s price rises by an average of 20% in October.
SEC continues to delay decisions on crypto ETFs
US Representatives Mike Flood, Wiley Nickel, Tom Emmer and Ritchie Torres called on the Securities and Exchange Commission (SEC) to approve spot Bitcoin ETFs, but the regulator again delayed the ETF offerings.
The SEC postponed VanEck’s Ether ETF proposal to December 25 and ARK 21Shares’ proposal to January 10. A decision on GlobalX’s proposal will be made on November 21. The regulator also postponed the Bitcoin ETF applications of Invesco, Bitwise and Valkyrie to January.
The deadline for the latest postponements was October 16-19. The regulator seems to have wanted to make a decision before a potential US government shutdown, amid talk of a potential US government shutdown.
Bitwise Asset Management responded to the delay of spot Bitcoin ETFs by changing the proposal.
The cryptocurrency community is waiting for the day when the SEC will approve a spot ETF. A potential approval could result in Bitcoin starting a rally again.
However, some say that the delay is actually positive news, not negative. Because rejection and postponement are very different things. We know that one day they will accept it because they will not postpone it forever.
Coinbase officially announces major crypto license
The Coinbase exchange, which is continuing its global progress despite a legal battle with the SEC in the US, has received a major license in Singapore. The exchange, which has been granted a “Large Institutions Payment License” in Singapore, known as one of the most difficult financial licensing jurisdictions in the world, also made the official announcement.
The statement highlighted the company’s commitment to the Singapore market. With this license, the company will be able to offer digital payment tokens services to both institutional and retail investors.
Message to the USA
The statement also had a message for the US regulator, the SEC, saying that “open regulation and innovation in a country is one of the biggest reasons for growth”. In particular, the exchange wants the SEC to be clear and unambiguous in its regulations. The parties are also in court over the issue.
Singapore, which has the world’s strictest but clearest regulations, has more than 700 Web3 companies. In this sense, the country is competing with Hong Kong to become the crypto center of the Far East.
