Nov 17, 2023

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the reason why BitGo CEO Mike Belshe believes the SEC could reject a series of spot bitcoin ETF applications.

Video transcript

Bit go ceo bearish on the spot. Bitcoin ETF and Regulators accused just partners of defrauding investors. You're watching Coin Desk daily, I'm your host, Jen Sani. All right, let's take a look at the markets. The coin desk, Bitcoin price XBX index is currently trading down around $36,100. This as bit O CEO Mike Belshe said it's quite likely the SEC will reject spot Bitcoin Exchange traded fund applications. In an interview with Bloomberg Bels. She says the agency could project current applications because exchanges in custody are not separated. Coinbase has been selected by several applicants as a custody partner for potential ETF. Multiple US states have ordered GS partners to halt operations. Regulators in California, Texas, Alabama and other jurisdictions are accusing the company of defrauding investors in a number of crypto schemes. Regulators say the businesses also hired celebrities such as former boxer Floyd Mayweather junior and footballer Roberto Carlos to get attention in an array of investments. Just partners has not responded to coin desk attempts to reach them through business sites and social media. A mastercard executive thinks customers are so comfortable using today's money that it's hard to justify the effort for central bank digital currency adoption. Right now, Mastercard's lead for Blockchain and digital assets in the Asia Pacific region told C NBC in part that building the necessary infrastructure, quote, takes a lot of time and effort on a part of the country and quote, the payments giant has a CBD C partner program that includes participants like ripple fire blocks and consensus. Tether is making moves to become a Bitcoin miner. According to Bloomberg, it will invest $500 million to build its own mining facilities as well as take stakes in existing firms. Tether is the issuer of the largest US dollar stablecoin. That's a wrap for coin desk daily. Get more updates on and we'll see you next time.

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