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Coinbase CEO Reveals SEC's Request to Suspend Trading in Non-Bitcoin Cryptocurrencies
31.7.2023
Coinbase CEO Brian Armstrong has revealed that the US Securities and Exchange Commission (SEC) requested the company to suspend trading in all cryptocurrencies except for Bitcoin (BTC) before initiating legal action against the exchange.
In a recent interview with the Financial Times, Armstrong...
Bitcoin Price Prediction: Perspectives from Mike Novogratz, Ordinals Milestone, and SEC's Request to Coinbase
31.7.2023
On Monday, Bitcoin price is on the rise, up by nearly 0.50% to reach $29,447.
In this update, we will delve into the perspectives shared by renowned figures like Mike Novogratz of Galaxy Digital and significant milestones achieved by the cryptocurrency market, such as the Ordinals Pass crossing...
Coinbase CEO says SEC told it to delist everything but Bitcoin: Report
31.7.2023
Brian Armstrong claimed SEC staff said all cryptocurrencies but Bitcoin are securities and requested the exchange delist all other cryptocurrencies
SEC Told Coinbase to Stop Trading in all Cryptos Except Bitcoin Before Suing: FT
31.7.2023
The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN) to stop trading in all cryptocurrencies other than bitcoin (BTC) prior to suing the crypto exchange, according to a Financial Times report
US Second in World by Debt per Citizen, Rare Bitcoin Block Reward Awakens, BRICS Summit Invites — Week in Review
30.7.2023
A recent study has shown that Singapore, the U.S., and Japan rank highest in the world by debt per citizen, according to United Nations data. In other news, a rare 2010 Bitcoin block reward has awakened after 13 years of dormancy, and the BRICS economic bloc has invited 69 leaders to its August...
Pro-XRP lawyer claims SEC prioritizes corporate capitalism over investors
30.7.2023
John E. Deaton believes the unequal treatment raises concerns about the regulatory body's effectiveness and fairness, as well as the overall framework for digital assets
SEC Chair Gary Gensler Says Crypto Is a Highly Speculative Field ‘Rife With Fraud’
30.7.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has called crypto “a highly speculative asset class” and a field that is “rife with fraud.” He stressed that there are far too many bad actors in crypto, noting that crypto platforms often commingle funds...
D.C. Circuit reverses SEC ruling on SPIKES futures, calls it "arbitrary and capricious"
29.7.2023
The decision relates to an SEC order from 2020 exempting SPIKES Index from the definition of securities futures
SEC, Binance unite against Eeon's lawsuit intervention
29.7.2023
The US SEC contends that Eeon has a history of repeatedly representing themselves in court cases, but their claims have consistently been unsuccessful in federal courts
Hester Pierce strikes back against SEC crypto warning to accountants
29.7.2023
United States Securities and Exchange commissioner, Hester Pierce, argued that good-faith efforts should not be compromised at the expense of full transparency
SEC Chair Gary Gensler Raises Concerns About Fraud in Crypto Market
28.7.2023
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), has voiced concern regarding the prevalence of fraud in the crypto market.
In a Thursday interview with Bloomberg, Gensler said that the crypto market is "rife with fraud, rife with hucksters." He added that while there...
Ethereum Price Set to Reach $2,500 by Year-End, Predicts Finder’s Panel
28.7.2023
The price of ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is anticipated to hit a high of $2.7K before settling at around $2.5K by the end of 2023, according to the latest report from Finder. The report is based on predictions by a panel of 29 cryptocurrency...
SEC Case Had 'Almost No Impact' on Ripple's Talks With Central Banks, Says Exec
28.7.2023
James Wallis said the decision that Ripple's sale of XRP did not constitute investment contracts was a major victory, not just for Ripple but also for the industry
First Mover Americas: Grayscale Urges SEC for Equal Treatment of Spot Bitcoin ETF Applications
28.7.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for July 28, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
U.S.-Listed Crypto Firms Will Need to Report Cybersecurity Breaches
28.7.2023
SEC adopts cyberattack disclosure rules, listed crypto firms included
28.7.2023
Coinbase, Marathon Digital and Riot Blockchain are among the SEC-registered cryptocurrency firms that would need to comply with the rules
Grayscale urges SEC to approve all Bitcoin ETFs simultaneously
28.7.2023
Grayscale's ETF was previously knocked back by the SEC and it wants it and competing ETFs approved together so none have an advantage
Grayscale Urges Equal Treatment for All Spot Bitcoin ETF's in Letter to SEC
28.7.2023
If the SEC decides to change course and approve one or more of of the current spot bitcoin ETF applications, “it must do so in a fair and orderly manner,” the statement said
SEC chief accountant warns accountants about liabilities when auditing crypto firms
27.7.2023
Paul Munter says making or allowing misleading statements can have serious consequences for accounting forms and individual accountants
Lawyer Outlines 4 Options SEC Could Proceed in Ripple Case Over XRP
27.7.2023
A lawyer has outlined four potential next steps that the U.S. Securities and Exchange Commission (SEC) could take following the ruling on the Ripple case regarding XRP. “I expect the SEC to file a request for interlocutory appeal within the next 2 weeks,” he opined, asserting that...