When asked whether Onramp would need Securities and Exchange Commission approval to start the redemptions, and if so why the regulator would approve the plan, Tanguma responded: "It does not require formal approval because bitcoin is a commodity as per the [Commodity Futures Trading Commission], not a security. With that, Onramp does plan to work with securities lawyers to get…
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Bitcoin Difficulty Set to Rise 3.82% to All-Time High of 39...
The Bitcoin network is set to record another meaningful difficulty increase on Sunday, Jan. 29, 2023, as current estimates expect it to rise 3.82% higher. The change follows the last difficulty retarget, which advanced by 10.26% to the current all-time high of 37.59 trillion.
