{"id":8735,"date":"2023-09-27T04:19:01","date_gmt":"2023-09-27T04:19:01","guid":{"rendered":"https:\/\/www.btse.com\/blog\/?p=8735"},"modified":"2023-09-27T04:19:01","modified_gmt":"2023-09-27T04:19:01","slug":"us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/","title":{"rendered":"US Lawmakers Eyes ETF Approval, Chase U.K. Halts Crypto Payments, and Leaked Xbox Wallet Plans"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Bitcoin trading volumes on exchanges have hit a six-year low, according to research from on-chain analytics platform <\/span><a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/65116f6217681922d0fe641f-Bitcoin-spot-trading-volume-drops-to-6-year-low\"><span style=\"font-weight: 400;\">CryptoQuant<\/span><\/a><span style=\"font-weight: 400;\">. Since March, both spot and derivatives exchanges have seen a significant decrease in daily transactions, with recent figures showing between 8,000 and 15,000 daily spot exchange transactions, compared to over 600,000 in March. This decline in trading activity comes as Bitcoin prices have remained relatively stable, and traders exhibit caution amid macroeconomic uncertainty and fears of a possible recession influenced by the Federal Reserve&#8217;s policies.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>What to Watch Out for Today<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p>1. <a href=\"https:\/\/cointelegraph.com\/news\/lawmakers-call-sec-chair-approve-spot-bitcoin-etf\"><b>US Lawmakers Push for Bitcoin ETF Approval<\/b><\/a><span style=\"font-weight: 400;\">: Four members of the US Congress have called on SEC Chair Gary Gensler to promptly approve the listing of spot Bitcoin ETFs. They argue that the SEC has been discriminating against such products and that a regulated Bitcoin ETP would offer safer and more transparent access to Bitcoin. What does this mean? It could signal a potential shift in the regulatory landscape for Bitcoin ETFs, impacting investment strategies and market dynamics.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>2. <a href=\"https:\/\/www.coindesk.com\/policy\/2023\/09\/26\/chase-uk-to-block-crypto-payments-citing-fraud-scams\/\"><b>Chase U.K. Puts a Stop to Crypto Payments<\/b><\/a><span style=\"font-weight: 400;\">: Citing concerns over increased crypto scams, Chase U.K. will prohibit crypto-related payments via debit card or bank transfer from October 16. While customers are free to use other banks, finding a crypto-friendly bank in the U.K. may be challenging. What\u2019s the takeaway? U.K. customers of Chase looking to invest in crypto should explore alternative banking options and stay informed about the evolving stance of banks and regulators on crypto transactions.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>3. <a href=\"https:\/\/cryptoslate.com\/leaked-documents-reveal-microsofts-plans-to-bring-crypto-wallets-to-xbox\/\"><b>Crypto Wallets on Xbox? Leaked Documents Reveal Plans<\/b><\/a><span style=\"font-weight: 400;\">: Leaked documents suggest that Microsoft is planning to integrate cryptocurrency wallets into its Xbox gaming console. While not officially confirmed, this has sparked optimism in the crypto community about potential new use cases for cryptocurrencies in the gaming industry. What\u2019s the big picture? With the gaming industry being larger than Hollywood and the music industry combined, this development could open up significant opportunities for crypto. <\/span><i><span style=\"font-weight: 400;\">Long gaming, long crypto?<\/span><\/i><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">To see more daily news, join our Telegram news channel <\/span><a href=\"https:\/\/t.me\/btsenews\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><i>Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0<\/i><a href=\"mailto:feedback@btse.com\"><i>feedback@btse.com<\/i><\/a><i> or on X @BTSE_Official.<\/i><\/p>\n<p class=\"p1\"><i><span style=\"font-weight: 400;\">Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin trading volumes on exchanges have hit a six-year low, according to research from on-chain analytics platform CryptoQuant. Since March, both spot and derivatives exchanges have seen a significant decrease in daily transactions, with recent figures showing between 8,000 and 15,000 daily spot exchange transactions, compared to over 600,000 in March. This decline in trading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-8735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-bytes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US Lawmakers Eyes ETF Approval, Chase U.K. Halts Crypto Payments, and Leaked Xbox Wallet Plans &#8212; BTSE Blog<\/title>\n<meta name=\"description\" content=\"Explore the latest in the crypto world as Bitcoin trading volumes hit a six-year low and US lawmakers push for ETF approval. Learn about Chase U.K.&#039;s upcoming crypto ban and the potential integration of crypto wallets in Xbox. Stay informed on how these developments could shape the future of cryptocurrency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Lawmakers Eyes ETF Approval, Chase U.K. Halts Crypto Payments, and Leaked Xbox Wallet Plans\" \/>\n<meta property=\"og:description\" content=\"Explore the latest in the crypto world as Bitcoin trading volumes hit a six-year low and US lawmakers push for ETF approval. Learn about Chase U.K.&#039;s upcoming crypto ban and the potential integration of crypto wallets in Xbox. Stay informed on how these developments could shape the future of cryptocurrency.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/\" \/>\n<meta property=\"og:site_name\" content=\"BTSE Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-27T04:19:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-Market-Analysis-20.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"BTSE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BTSE_Official\" \/>\n<meta name=\"twitter:site\" content=\"@BTSE_Official\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BTSE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"US Lawmakers Eyes ETF Approval, Chase U.K. Halts Crypto Payments, and Leaked Xbox Wallet Plans &#8212; BTSE Blog","description":"Explore the latest in the crypto world as Bitcoin trading volumes hit a six-year low and US lawmakers push for ETF approval. Learn about Chase U.K.'s upcoming crypto ban and the potential integration of crypto wallets in Xbox. Stay informed on how these developments could shape the future of cryptocurrency.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/","og_locale":"en_US","og_type":"article","og_title":"US Lawmakers Eyes ETF Approval, Chase U.K. Halts Crypto Payments, and Leaked Xbox Wallet Plans","og_description":"Explore the latest in the crypto world as Bitcoin trading volumes hit a six-year low and US lawmakers push for ETF approval. Learn about Chase U.K.'s upcoming crypto ban and the potential integration of crypto wallets in Xbox. Stay informed on how these developments could shape the future of cryptocurrency.","og_url":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/","og_site_name":"BTSE Blog","article_published_time":"2023-09-27T04:19:01+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-Market-Analysis-20.jpg","type":"image\/jpeg"}],"author":"BTSE","twitter_card":"summary_large_image","twitter_creator":"@BTSE_Official","twitter_site":"@BTSE_Official","twitter_misc":{"Written by":"BTSE","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/#article","isPartOf":{"@id":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/"},"author":{"name":"BTSE","@id":"https:\/\/www.btse.com\/blog\/#\/schema\/person\/46ad80e1bffe6cf5d79938127822f2ca"},"headline":"US Lawmakers Eyes ETF Approval, Chase U.K. Halts Crypto Payments, and Leaked Xbox Wallet Plans","datePublished":"2023-09-27T04:19:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/"},"wordCount":438,"commentCount":0,"publisher":{"@id":"https:\/\/www.btse.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-Market-Analysis-20.jpg?fit=1920%2C1080&quality=75&ssl=1","articleSection":["News Bytes"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/","url":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/","name":"US Lawmakers Eyes ETF Approval, Chase U.K. Halts Crypto Payments, and Leaked Xbox Wallet Plans &#8212; BTSE Blog","isPartOf":{"@id":"https:\/\/www.btse.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/#primaryimage"},"image":{"@id":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-Market-Analysis-20.jpg?fit=1920%2C1080&quality=75&ssl=1","datePublished":"2023-09-27T04:19:01+00:00","description":"Explore the latest in the crypto world as Bitcoin trading volumes hit a six-year low and US lawmakers push for ETF approval. Learn about Chase U.K.'s upcoming crypto ban and the potential integration of crypto wallets in Xbox. Stay informed on how these developments could shape the future of cryptocurrency.","breadcrumb":{"@id":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/#primaryimage","url":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-Market-Analysis-20.jpg?fit=1920%2C1080&quality=75&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-Market-Analysis-20.jpg?fit=1920%2C1080&quality=75&ssl=1","width":1920,"height":1080,"caption":"US Lawmakers Eyes ETF Approval, Chase U.K. Halts Crypto Payments, and Leaked Xbox Wallet Plans"},{"@type":"BreadcrumbList","@id":"https:\/\/www.btse.com\/blog\/us-lawmakers-eyes-etf-approval-chase-u-k-halts-crypto-payments-and-leaked-xbox-wallet-plans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.btse.com\/blog\/"},{"@type":"ListItem","position":2,"name":"US Lawmakers Eyes ETF Approval, Chase U.K. Halts Crypto Payments, and Leaked Xbox Wallet Plans"}]},{"@type":"WebSite","@id":"https:\/\/www.btse.com\/blog\/#website","url":"https:\/\/www.btse.com\/blog\/","name":"BTSE Blog","description":"Navigating the Crypto Frontier - Insights, Analysis, and Strategies","publisher":{"@id":"https:\/\/www.btse.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.btse.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.btse.com\/blog\/#organization","name":"BTSE","url":"https:\/\/www.btse.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.btse.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2023\/03\/btse-logo.png","contentUrl":"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2023\/03\/btse-logo.png","width":1007,"height":306,"caption":"BTSE"},"image":{"@id":"https:\/\/www.btse.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/BTSE_Official","https:\/\/discord.com\/invite\/btse","https:\/\/www.linkedin.com\/company\/btsecom\/","https:\/\/t.me\/btsecom"]},{"@type":"Person","@id":"https:\/\/www.btse.com\/blog\/#\/schema\/person\/46ad80e1bffe6cf5d79938127822f2ca","name":"BTSE","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/dc01110861deb9c4a6b15c6c841e4457320749d7c005164340fbf8d4eacefc5d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/dc01110861deb9c4a6b15c6c841e4457320749d7c005164340fbf8d4eacefc5d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/dc01110861deb9c4a6b15c6c841e4457320749d7c005164340fbf8d4eacefc5d?s=96&d=mm&r=g","caption":"BTSE"},"sameAs":["https:\/\/www.btse.com\/blog"],"url":"https:\/\/www.btse.com\/blog\/author\/btseadmin\/"}]}},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-Market-Analysis-20.jpg?fit=1920%2C1080&quality=75&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/posts\/8735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/comments?post=8735"}],"version-history":[{"count":1,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/posts\/8735\/revisions"}],"predecessor-version":[{"id":8737,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/posts\/8735\/revisions\/8737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/media\/8736"}],"wp:attachment":[{"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/media?parent=8735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/categories?post=8735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/tags?post=8735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}