Is crypto winter finally over?
![What Happened in Crypto Today? [Oct. 20]](https://academy-public.coinmarketcap.com/optimized-uploads/eee6ff52a86a4e1da93a053dd08002e6.jpg)
Is that sunshine we see peeking through the gloomy clouds? After endless crypto winter storms, it looks like the markets and regulators are finally brightening up.
Bitcoin has nearly doubled from its lows of $16k in Nov. 2022, hitting $29.7k today. We also have some encouraging news stories sprouting across the industry - regulators easing off, positive forecasts, green shoots all around. We picked out a solid selection of good news to share.
Here is a TLDR of today’s top stories:
- SEC drops charges against Ripple executives in major lawsuit update.
- Morgan Stanley suggests the crypto winter may be over based on Bitcoin's historical cycles.
- Coinbase selects Ireland for its EU headquarters citing favorable regulations.
- Chainalysis cautions against overstating cryptocurrency's small role in terrorism financing.
- Galaxy Digital CEO predicts SEC will approve a Bitcoin ETF this year after court losses.
- Finland's central bank leads the development of an instant payment platform using the digital euro.
Let’s unpack all that!
SEC Drops Charges Against Ripple Execs
The SEC surprisingly dismissed its claims against Ripple's top executives. After big court wins, Ripple scored another W. With the lawsuits against the execs dead, next up is figuring out how much Ripple's gotta pay for those institutional sales.
How close is Ripple from winning the case? Find the full story here!
Crypto Winter May Be Over
Morgan Stanley signaled an end to crypto winter, citing BTC's historical cycles. With Bitcoin bouncing back 70%+ from its lows, spring could be nigh according to analysts. Time to dust off those seed phrases?
Read more details supporting the statement!
Coinbase Picks Ireland as Euro Base
Coinbase is making the luck of the Irish its own by planting its EU flag in Ireland. With EU crypto regulations looming, the exchange chose Ireland for its prime regulatory cred.
Read the full story here!
Chainalysis: Don't Overstate Crypto Terror Links
Chainalysis cautioned against overblowing crypto's role in terrorism financing. While some point fingers at crypto, Chainalysis notes the tiny sliver of funds linked to illegal groups. Regulators should stick to facts over FUD.
Here are some more details on the analysis!
Galaxy CEO Predicts Bitcoin ETF Approval in 2023
The crypto oracle has spoken - Galaxy's CEO predicts SEC ETF approval this year after key court losses. With their reputation on the line, the SEC may finally wave the green flag for Bitcoin ETFs according to Mike Novogratz.
How will these approvals affect the price? Read more!
Finland Pursues Instant Payments via Digital Euro
Finland's central bank is leading the way on a new instant payment system for the digital euro. It is prepping an instant, card-free solution for the country. Speedy crypto-powered payments could become a reality in the EU soon!
Read the full story here!
That concludes today's crypto news roundup! Remember, this industry never sleeps - so stay tuned!
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