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In a fiery Twitter exchange that took place recently, tech titan Elon Musk responded to the imminent removal of the bitcoin (BTC) tipping app Damus from Apple’s App Store. The social media platform Damus, backed by former Twitter CEO Jack Dorsey, received a warning from Apple to fall in line with the company’s guidelines or face expulsion. Musk’s response on his Twitter criticizes Apple: If Apple competes against the whole world, Apple will have the whole world against it. This is not a winning scenario. — Elon Musk (@elonmusk) June 13, 2023 Apple’s guideline skirmish with Damus The catalyst for this exchange was an announcement by Damus that Apple had warned the app of its potential removal from the App Store. In an email, Apple indicated that the app’s version 1.4.3 did not meet the review guidelines. More specifically, the issue appears to be with Damus’s tipping function, which allows users to send “tips” to digital content creators via a mechanism “other than in-app purc

Publishing the ETF applications in the official journal of the U.S. government gives the SEC up to 240 days for final approval or denial — until March 2024. Spot Bitcoin (BTC) exchange-traded fund applications from several firms have been published on the Federal Register, moving them one step along in the United States Securities and Exchange Commission’s (SEC) process. According to records updated July 19, the Federal Register received notices of proposed rule changes allowing BTC exchange-traded fund (ETF) applications from BlackRock, Fidelity, Invesco Galaxy, VanEck, and WisdomTree. Publishing the applications in the official journal of the U.S. government gives the SEC a window of opportunity to accept or reject the request, extend the time allowed, or open the application for public comment. UPDATE: Not much of one though... As predicted and as expected those #Bitcoin ETF applications all hit the federal register today. BlackRock, VanEck, WisdomTree, Fidelity, and Invesco/Galaxy

The U.S. Securities and Exchange Commission has formally acknowledged the spot bitcoin ETF application from San Francisco’s Bitwise Asset Management, underscoring the escalating institutional engagement in cryptocurrency investments. The U.S. SEC has given official recognition to Bitwise Asset Management’s spot bitcoin ETF proposal. The tech-forward asset management firm from San Francisco initially lodged its bitcoin ETF application back in October 2021 but has since revised and resubmitted the proposal on June 28 of this year. According to the SEC document, the proposed change pertains to the “listing and trading of shares for the Bitwise Bitcoin ETP Trust” as per New York Stock Exchange ARCA Rule 8.201-E, which covers commodity-based trust shares. Bitwise’s recent filing adds to the growing number of institutional application s for spot bitcoin ETFs, a trend invigorated by BlackRock’s application submitted on June 15. Bitwise’s chief investment officer, Matthew Hougan, highl