Sunday, September 24, 2023

Week in Review: Vitalik Buterin Challenges Centralized World, Tim Draper Adjusts BTC Prediction, and Former SEC Official Calls for Civility

In the latest News Week in Review, several noteworthy developments have emerged in the cryptocurrency space. Ethereum co-founder Vitalik Buterin voiced his concerns about the expanding influence of the centralized world and its impact on crypto innovation. Venture capitalist Tim Draper revised the timeframe for his ambitious bitcoin price prediction of $250,000. Furthermore, a former SEC official appealed to the crypto community to refrain from personal attacks and instead focus on constructive engagement with regulatory bodies. Here’s a breakdown of the key stories:

1. Ethereum Co-Founder Vitalik Buterin on SEC Crypto Enforcement Actions: ‘The Real Competition Is the Centralized World’

Vitalik Buterin, one of the founders of Ethereum, expressed his thoughts on the recent enforcement actions taken by the U.S. Securities and Exchange Commission (SEC) in the crypto industry. Buterin highlighted how projects like Solana faced legal scrutiny and emphasized that the true competition lies with the expanding centralized world.

2. Tim Draper Adjusts Timeframe for His $250K Bitcoin Price Forecast

Renowned venture capitalist Tim Draper revised the projected timeframe for bitcoin to reach his ambitious price prediction of $250,000. Despite maintaining an optimistic outlook, Draper acknowledged that the timeline might be extended. However, he still remains confident in the long-term potential of the world’s largest cryptocurrency.

3. Former SEC Official Defends Chair Gensler — Urges Crypto Community to Quit Personal Attacks, Focus on Facts

A former head of internet enforcement at the SEC came to the defense of SEC Chairman Gary Gensler’s regulatory approach towards cryptocurrencies. He urged the crypto community to avoid personal attacks and instead concentrate on discussing the facts and legal aspects of SEC positions. He stressed that personal attacks are ineffective and hinder constructive dialogue.

4. Nasdaq Resubmits Blackrock Spot Bitcoin ETF Application, Inks Agreement With Coinbase for Surveillance-Sharing

Following the resubmission of spot bitcoin ETF applications by several firms to the SEC, asset management giant Blackrock also submitted an amended application. Similarly, Nasdaq updated its Blackrock spot bitcoin ETF filing to include Coinbase as a partner for surveillance-sharing, aligning with the approach taken by Cboe, Fidelity, Vaneck, Invesco, and Wisdomtree.

As the crypto industry continues to navigate regulatory challenges, the question arises: Can decentralization overcome the perceived shortcomings or malicious intent of regulatory bodies? We invite you to share your thoughts on these stories in the comments section below.

Frequently Asked Questions (FAQs) about crypto news

Q: What did Vitalik Buterin say about the expanding centralized world in relation to crypto?

A: Vitalik Buterin, co-founder of Ethereum, stated that the real competition in the crypto space is not other chains, but the rapidly expanding centralized world that is imposing itself on the industry.

Q: How did Tim Draper adjust his bitcoin price prediction?

A: Tim Draper, a venture capitalist, revised the timeframe for his projected bitcoin price of $250,000. While still optimistic, he acknowledged that it may take longer than initially anticipated to reach that target.

Q: What did the former SEC official urge the crypto community to do?

A: The former SEC official called on the crypto community to stop engaging in personal attacks against the U.S. Securities and Exchange Commission (SEC) and its chair, Gary Gensler. Instead, he emphasized the importance of focusing on facts and constructive engagement.

Q: What updates were made regarding the Blackrock spot bitcoin ETF application?

A: Nasdaq resubmitted the Blackrock spot bitcoin ETF application, incorporating Coinbase as a surveillance-sharing partner. This move aligns with the actions taken by other firms such as Cboe, Fidelity, Vaneck, Invesco, and Wisdomtree.

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CryptoFan23 July 10, 2023 - 2:58 am

wowwww!! Crypto news in review. Vitalik saying centralized world is a big problem. Tim Draper adjusting btc prdiction, but still hopeful. SEC ex-official tells crypto people no personal attcks!! Nasdaq resubmits bitcoin ETF. Exciting times!

BlockchainGuru42 July 10, 2023 - 3:49 am

Vitalik Buterin speaks truth! Centralization vs decentralization, it’s a battle. Tim Draper, patience is key, btc gonna reach the moon eventually. Former SEC official reminds us to stay civil, focus on law and facts. Nasdaq and Coinbase, collaborating for crypto surveillance, interesting move!

CryptoEnthusiast99 July 10, 2023 - 5:29 pm

Vitalic knows what’s up! Centralized world can’t stop us! Draper, don’t worry, btc gonna moon, just wait lil longer. SEC needs to chill, focus on facts, not attacking. Nasdaq and Blackrock, keep pushing for that ETF, let’s go crypto!

BitcoinHodler123 July 10, 2023 - 7:07 pm

Vitalik knows the score! We’re up against the centralized world. Tim Draper, no worries, btc gonna hit 250K eventually. SEC needs to back off, focus on real issues. Nasdaq and Coinbase joining forces, can’t wait for that btc ETF approval. Keep hodling, my crypto friends!

CryptoWarrior7 July 10, 2023 - 9:05 pm

Big week in crypto! Vitalik calls out centralized world, fighting for decentralization. Tim Draper adjusts btc forecast, but still bullish. SEC needs to be called out for their actions. Nasdaq and Blackrock team up, bringing us closer to that btc ETF dream. Stay strong, crypto community!


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