Aug 30: Crypto Market Soars as Grayscale Wins Appeal, SEC May Have Declared War on NFTs

Daily Crypto News · Aug 30, 2023 · 9m

The cryptocurrency market rallied on Wednesday after Grayscale Investments won an appeal against the SEC in its quest to convert its Bitcoin Trust (GBTC) into a spot Bitcoin ETF. The price of Bitcoin surged as much as 5% in the wake of the ruling, reaching a price of $27,425. The SEC may have also declared war on NFTs, as it argued that NFTs could be considered securities and therefore subject to regulation. Finally, Binance, the world's largest cryptocurrency exchange, has launched crypto bank account payments in Latin America.

#crypto

#bitcoin

#ethereum

#nft

#sec

#grayscale

#etf

#binance…