Coinbase, the leading cryptocurrency exchange in the United States, has taken a bold step by filing lawsuits against both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). These lawsuits were filed due to the failure of the SEC and FDIC to comply with information requests in closed crypto cases. Coinbase
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The Bitcoin price has been on a decline once more, following a brief recovery that was seen earlier in the week. One of the major factors driving this decline is the significant sell-offs that have been initiated by various governments. For instance, the German government recently sold approximately 2,786 BTC, valued at around $140 million.
In the heart of the Niigata mountains in Japan lies the village of Yamakoshi, a community that has embraced innovation to support its development and sustain its ageing population. The Neo-Yamakoshi Village project, launched in 2021, has garnered the attention of 1,700 “digital citizens” who have invested in Nishikigoi NFTs, generating over $423,000 in revenue.
The US spot Bitcoin ETFs have shown signs of slow recovery as the total inflows reached $21.52 million on June 26th, continuing the positive momentum that started on Tuesday. It is crucial to observe these inflow trends to understand the overall market sentiment towards Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission has entered the trial phase. This phase is crucial in resolving the lawsuit, but the end date remains uncertain. A significant development in recent weeks was the SEC’s decision to reduce its fine demand from $2 billion to $102.6 million.
Nigeria’s Securities and Exchange Commission (SEC) has issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. This move comes as part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) aimed at aligning existing rules with current industry trends. The SEC’s directive requires all operating
Abra and CEO William “Bill” Barhydt have reached a settlement with 25 US state regulators for offering crypto trading services without securing appropriate licenses. This settlement, announced by the Conference of State Bank Supervisors (CSBS) on June 26, involves the regulators forgoing monetary penalties of $250,000 per jurisdiction in exchange for Abra facilitating $82 million
The recent distributed denial of service (DDoS) attack on the Cardano network showcased the network’s resilience in the face of malicious activities. Despite the attack, Cardano’s mechanisms and decentralized structure effectively mitigated the disruption, ensuring uninterrupted stability and operation. This demonstration of resilience has garnered praise from bullish investors and renewed confidence in the price
Sonic, the pioneering Layer-2 (L2) infrastructure on Solana, has made significant strides since its recent launch. The platform’s Sonic Testnet Odyssey saw an impressive accomplishment within just one week, amassing over 100,000 unique wallets and processing a staggering 17 million transactions. This remarkable feat underscores the enormous potential of the Sonic protocol in revolutionizing gaming
The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, recently provided insights into the potential inflows that US Spot Ethereum ETFs could attract. His analysis suggests that these funds could potentially receive significant investments in their first 18 months of trading. Hougan’s analysis is based on the market capitalizations of Bitcoin and Ethereum, with a
Recent analysis by IntoTheBlock has revealed a shift in Bitcoin accumulation patterns, showcasing a surge in net inflows to the largest wallets despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD). Holders with control of at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day,
Bitcoin recently faced a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends, signaling caution among traders and investors. Despite a 31.26% increase in market capitalization, there has been a 35.43% decrease in trading
SEC Chair Gary Gensler, in an interview at the Bloomberg Investment Summit, expressed confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for the approval, he mentioned that the focus is currently on asset managers making full disclosure in their registration statements. Gensler seemed optimistic about the
As Bitcoin, the leading cryptocurrency, navigates through a critical juncture, the market sentiment is divided between optimism and caution. The recent surge in the first half of 2024 saw Bitcoin surpassing the $71,000 mark, only to retreat and stabilize around $61,000, prompting discussions among analysts about the future trajectory of this digital asset. One of