During a recent hearing, Judge Katherine Polk Failla expressed criticism towards Coinbase for its attempts to subpoena SEC Chair Gary Gensler in the ongoing case against the firm. Failla highlighted that Coinbase’s request included Gensler’s statements prior to taking office as SEC chair in 2021. The company’s lawyer defended this request by explaining that they
The recent vote in the US House of Representatives regarding HJ Res. 109 to rescind SEC Staff Accounting Bulletin (SAB) 121 ended in a disappointing outcome. While 228 House members voted in favor of ending SAB 121, 184 voted against the resolution and 21 abstained. This majority support was still insufficient to overturn the bulletin,
In a recent development, the US Securities and Exchange Commission (SEC) has officially closed its investigation into stablecoin issuer Paxos. This decision comes after over a year of uncertainty surrounding Paxos and its role in the issuance of the Binance USD (BUSD) stablecoin. On July 11, Paxos made an announcement revealing that they had received
Recent data has revealed a significant shift in the relationship between Bitcoin and US stocks. The flagship cryptocurrency has completely detached from the Nasdaq 100 and S&P 500, with a correlation of -0.78 and -0.83, respectively. This strong negative correlation indicates that Bitcoin and these assets are now moving in opposite directions. The decline in
Opeyemi is not just a casual observer of the cryptocurrency world; he is deeply passionate about all things related to digital assets. Despite not originally choosing the industry, he has become fully immersed in it over the past two years. This passion is evident in the unique and insightful pieces he creates, unraveling the complexities
The Central Bank of Nigeria’s deputy director, Olubukola Akinwumi, recently made some serious accusations against popular cryptocurrency exchange Binance. Akinwumi accused Binance of facilitating transactions that are typically reserved for authorized banks and financial institutions. These accusations were part of his testimony in a lawsuit filed by the Economic and Financial Crimes Commission (EFCC) against
Semilore Faleti is a prominent figure in the world of cryptocurrency journalism and content creation. With a focus on blockchain technology and digital assets, Semilore has demonstrated a deep understanding of the complexities and intricacies of the crypto space. His work is dedicated to educating and informing his audience about the latest trends and developments
Taiwan Mobile, a prominent player in the telecom industry in Taiwan, has taken a significant step by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move has positioned the company as the 26th VASP in Taiwan, according to the latest report from the Financial Supervisory Commission. The company’s General
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been facing a significant downturn in the past week, with a 9% price decline bringing it down to $3,130. The market is now closely watching crucial levels that need to be maintained to avoid further losses and potential liquidations. Analysts are highlighting the importance of the
Bitwise, an asset management firm, has made changes to its S-1 registration with the SEC to enable the listing and trading of shares for a spot Ether exchange-traded fund (ETF). Following remarks from SEC Chair Gary Gensler indicating that approvals for spot Ether ETFs could be finalized by summer 2024, Bitwise’s updated Form S-1 registration
