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US SEC Plans To Take Four Months to Coinbase’s Rulemaking Petition
14.6.2023
The US Securities and Exchange Commission could take months to decide whether or not to respond to crypto exchange Coinbase’s petition for rulemaking, according to a recent court filing.
The SEC did not seem to be rushing to implement rulemaking for crypto in a court filing responding...
SEC Says It May Make a Recommendation on Coinbase Petition Within 4 Months
14.6.2023
The U.S. Securities and Exchange Commission (SEC) hasn't made a decision on whether it will respond to Coinbase's petition for rulemaking and its enforcement action against the crypto trading platform isn't inconsistent with any decision on rulemaking, the regulator said Tuesday
Bitstamp, Interactive Brokers Join UK Crypto Register as First Additions in 6 Months
13.6.2023
The two are the first companies added by the Financial Conduct Authority to the crypto register in six months
Sam Bankman-Fried's Bahamas Litigation May Take ‘Months or Years,’ His Counsel Says
13.6.2023
The FTX founder’s lawyers argue that a new Supreme Court judgment shows that he has not committed fraud
SEC's crypto actions surged 183% in 6 months after the FTX collapse
8.6.2023
The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX
GameStop fires CEO Matt Furlong months after axing crypto push
8.6.2023
The executive, once instrumental to the company’s NFT efforts, was "terminated" amid lackluster Q1 earnings
Former Minnesota Vikings Co-Owner Slapped With 75 Month Jail Term for Processing $750M Worth of Crypto Transactions
7.6.2023
U.S. Attorney’s Office for the Southern District of New York announced on June 5 that the former co-owner of Minnesota Vikings, Reginald Fowler, has been sentenced to 75 months in prison for processing more than $700 million of unregulated transactions on behalf of crypto exchanges. Folwer...
Coinbase Was Dismissed by the US SEC After Months of Figuring Out How To Register, Chief Legal Officer Says
7.6.2023
Coinbase was dismissed by the US Securities and Exchange Commission with no response after months of discussing how to register with the agency, the crypto exchange’s chief legal officer told lawmakers on Tuesday.
Paul Grewal, chief legal officer at Coinbase, faced lawmakers hours after...
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $26,000, as SEC Sues Binance
6.6.2023
Bitcoin plunged to its lowest point in over two months, as markets continue to react to the SEC versus Binance lawsuit. The Securities and Exchange Commission (SEC) is suing the crypto exchange for violation of U.S securities laws. Ethereum was also in the red, dropping below $1,800 in the process....
Bitcoin Interest Hits Rock Bottom: Google Trends Data Shows Lowest Score in 7 Months
5.6.2023
According to Google Trends, worldwide interest surrounding the term “bitcoin” has plummeted to its lowest point since October 2022, registering a mere 17 out of 100. The active interest for the term has taken a nosedive since June 2022, when the search query for bitcoin reached...
Net Bitcoin ATMs record an increase after 4 months of global downtrend
3.6.2023
In the first four months of 2023, the net crypto ATMs worldwide declined by 5,850. In May, however, 1,397 machines were added back to the global crypto ATM network
Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips
2.6.2023
This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines
Justin Sun: Huobi Could Have Hong Kong License in 6 To 12 Months
2.6.2023
Crypto exchange Huobi could receive a crypto trading license in Hong Kong as soon as the end of the year, Huobi advisor and Tron founder Justin Sun said on CoinDesk TV on Friday
Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months
31.5.2023
Three months have passed since Paxos made the decision to cease the production of new BUSD tokens, complying with the directive issued by the New York Department of Financial Services (NYDFS). Since February 13, 2023, 10.62 billion BUSD tokens have been redeemed thus far. Within the span of...
Bitcoin Headed for First Monthly Loss in 6 Months
30.5.2023
The liquidate wave from the narrative of lower inflation has now run its course and the market needs a new driver and theme to lift prices higher, one observer said
AI-Centric Crypto Market Loses Over $1 Billion in Value in 90 Days
28.5.2023
Roughly three months ago, 74 AI-driven digital currencies boasted a market value exceeding $4 billion. However, since that time, the AI-centric crypto market has experienced a loss of more than $1 billion in value. The Decline in AI-Driven Cryptocurrencies: $1 Billion Wiped Out From Market At...
Burning Metrics: Ethereum Burns 3.33 Million Ether Valued at $6.1 Billion in 21 Months
28.5.2023
In the past 21 months following Ethereum’s London hard fork, the network has witnessed the destruction of over 3.33 million ether, valued at $6.1 billion. At present, roughly 3.51 ether is burned every single minute. Standing out as a prominent participant in the burn process since August...
Circle Expands Euro-Pegged Stablecoin to Avalanche Blockchain
26.5.2023
On Thursday, the stablecoin issuer Circle Financial announced that the euro-pegged crypto asset EUROC is expanding natively on the Avalanche (AVAX) blockchain. According to Circle, several decentralized finance (defi) protocols and projects are supporting the new AVAX-issued EUROC asset....
Liquid Staking Protocol Lido’s Defi Dominance Swells From 7% to 26% in 12 Months
25.5.2023
According to statistics, the liquid staking platform Lido accounted for 7.45% of the total value locked in decentralized finance (DeFi) a year ago today. Since then, Lido’s market dominance has significantly increased over the last 12 months to its current 26.18% share. Lido’s Market...
Silver Set to Shine: Citigroup Analysts Forecast $30 Value in Next 6-12 Months
25.5.2023
Citigroup analysts foresee a significant increase in silver’s value, potentially hitting $30 per unit within the next 6-12 months, according to the multinational bank’s latest silver assessment. The experts at Citi predict an ongoing decline of the U.S. dollar and anticipate a decrease...