Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, to industry news, and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.
Happy Monday Ndaxers—Never a dull week in crypto:
While it may be easy for certain members of our industry to claim the SEC is shirking their responsibility to investors by postponing their decisions on various crypto exchange-traded product (ETP/F) applications, Occam’s Razor dictates that we look at this as simply as possible: Why would the SEC create more work for themselves by delaying ETF applications if/when they are under no obligation to do so? The most logical answer is that they wouldn’t. Through our industry’s (necessary) tunnel vision, we often forget that the SEC isn’t just concerned with crypto, but also has a mandate to oversee and maintain orderly markets in traditional securities as well--I.e. stocks and other securities. The very fact that they’re delaying an ETF application instead of outright rejecting it, is, therefore, a good sign. (Dare we say a sign of... Progress?) The latest such product to be delayed was Grayscale’s Ether Futures ETF, filed in September. Decrypt
The Canadian Security Intelligence Service (CSIS) expressed concern over the threat posed by AI-generated deepfakes and disinformation campaigns on the internet. Highlighting the growing realism of deepfakes and the challenge of detection, CSIS sees these as potential risks to Canadians and democracy. The report cites instances of deepfakes harming individuals and warns that the inability to prove the authenticity of official content may exacerbate the threat. Referring to incidents targeting crypto investors (including Elon Musk deepfakes), the agency emphasized the need for collaborative efforts among governments, allies, and industry experts. The Canadian government’s views are aligned with recent G7 agreements on an AI code of conduct to ensure ‘safe and trustworthy’ AI development. Cointelegraph
In a hilarious article titled “Let Saylor Cook”, a little fun is (deservedly) poked at one of our favorite evangelist’s roles of late—one of Bitcoin’s great spokespeople. He starts off: “Crush carbon under a (…) million pounds of Earth, heat it up to 2,000 degrees, and you make diamonds. Subject a man to two decades of Wall Street shenanigans—from before the dot-com boom until now—and you get Michael Saylor. The (…) relentless Bitcoin bull is back in our feeds. In a recent podcast, Saylor huffed at the notion that buying almost $5 billion worth of Bitcoin took “conviction.” Saylor says: “How many chairs are you sitting on right now? Are you all in on the chair? The point is you put on one pair of glasses, and one pair of AirPods. You look at me through one screen, you’re using one microphone. That’s one microphone—you trust it? Is that conviction? That seems kind of scary, why don’t you diversify? Why don’t you use 10 microphones?” For the whole (highly entertaining) piece: Blockworks
Market Summary
Performance
Top Weekly Movers @ Ndax
As of 11/20/2023 at 1:00:00 AM EST, values in CAD.
Keep an eye on the market here 👉 Cryptocurrency Prices
In the cryptocurrency community, there's always something going on. Here are a few events and happenings that you might be interested in
For more news stories, visit our LinkedIn
Mark your calendars!
For those of you looking to learn more about bitcoin and crypto markets this week:
Join Ndax's tiered Affiliate Program and start earning passive income today! With a highly competitive commission structure, affiliates can earn up to 10% of the trading fees generated by their referred users. That means you have the potential to earn income simply by referring new users to Ndax's platform.
But that's not all! For every new user you refer, you'll automatically earn $10-$25 CAD. And with a 10% commission on every trade made by your referrals, your earnings can really add up.
Find out more and start referring people today!
Thanks for reading our latest newsletter. Don't forget to follow us on social media for more updates and join the conversation on our forums.
Disclaimer: This article is not intended to provide investment, legal, accounting, tax or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.
Don't forget to follow us on social media for more updates and join the conversation on our forums.
Disclaimer: This article is not intended to provide investment, legal, accounting, tax or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.