CoinDesk published this video item, entitled “SEC Delays Spot Bitcoin ETF Decision; Creditors Accuse Genesis of Ballot-Stuffing Over FTX Deal” – below is their description.
“CoinDesk Daily” host Jennifer Sanasie breaks down the hottest stories in crypto, as the markets react to the August jobs report and the SEC’s move to delay the decision on spot bitcoin ETF applications. A stablecoin backed by one of the most volatile currencies rapidly grows. Creditors of Genesis Global Capital are making accusations of vote-buying to “manipulate” a proposed deal with the defunct exchange FTX. Genesis and CoinDesk share the same parent company, DCG.
CoinDesk YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
About This Source - CoinDesk
CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.
Voting is a method for a group, such as a meeting or an electorate, in order to make a collective decision or express an opinion usually following discussions, debates or election campaigns. Democracies elect holders of high office by voting. Residents of a place represented by an elected official are called “constituents”, and those constituents who cast a ballot for their chosen candidate are called “voters”. There are different systems for collecting votes, but while many of the systems used in decision-making can also be used as electoral systems, any which cater for proportional representation can only be used in elections.
In smaller organizations, voting can occur in different ways. Formally via ballot to elect others for example within a workplace, to elect members of political associations or to choose roles for others. Informally voting could occur as a spoken agreement or as a verbal gesture like a raised hand or electronically.
