Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, taking on the Securities and Exchange Commission’s (SEC) denial of its rulemaking petition. The crux of the matter lies in the SEC’s order, which seemingly dismissed Coinbase’s claim that current SEC rules are unworkable for digital asset firms. In
President Joe Biden’s recent decision to veto H.J. Res. 109, aimed at overturning the SEC’s controversial SAB 121 rule, has sparked mixed reactions among lawmakers and industry stakeholders. Biden cited the rule as representing the views of SEC staff and emphasized the importance of regulatory authority in protecting consumers and investors. Despite President Biden’s veto,
The recent partnership announcement between OKX, a leading cryptocurrency exchange, and Immutable, a blockchain technology company, has sparked excitement within the gaming community. By leveraging Immutable’s zkEVM solution, built on top of Ethereum’s Virtual Machine (EVM), the collaboration aims to enhance the gaming experience for both players and game studios. One of the key benefits
The potential launch of US spot Ethereum ETFs in June has been a topic of much speculation within the cryptocurrency community. Bloomberg ETF analyst Eric Balchunas suggested that there is a “legit possibility” of spot Ethereum ETFs being launched by the end of June. However, he also mentioned that an earlier mid-June launch would be
The crypto space is abuzz with speculations and predictions about the future price of Cardano (ADA). Crypto analyst Nick from the Cheeky Crypto YouTube channel has made an ultra-bullish forecast, suggesting that Cardano could reach a staggering $38 at some point. This prediction, however, comes with the disclaimer that it won’t happen overnight. Nick attributes
Recently, the U.S. District Court for the District of Utah made a significant decision regarding the Securities and Exchange Commission’s (SEC) case against Digital Licensing, also known as Debt Box. The court not only dismissed the case but also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. This ruling has
In a bold move on May 29th, SEC commissioner Hester Peirce proposed a groundbreaking idea for a shared digital securities sandbox between the US and the UK. This proposal aims to extend the existing joint digital securities sandbox (DSS) between the Bank of England and the UK’s FCA to include US firms. The implications of
The year 2021 has witnessed a surge in the launch of meme coins, many of which have raised concerns about their legitimacy and ties to celebrities. The launch of JENNER on the Solana blockchain, endorsed by American celebrity Caitlyn Jenner, has particularly drawn attention to the risks associated with trading meme coins. Despite doubts from
In the ever-expanding realm of digital assets, SEI NFTs have emerged as a game-changer for artists, gamers, and collectors alike. The Sei Network, powered by its open-source Layer 1 blockchain, is making waves in the NFT space by focusing on low transaction fees, robust security, and fast transactions. The appeal of SEI NFTs lies in
Blockchain analytics firm Nansen recently uncovered DBS Bank, a major banking institution in Singapore, as a prominent player in the cryptocurrency market. The firm identified a crypto wallet linked to DBS Bank holding a substantial amount of Ether (ETH), totaling 173,753 coins valued at around $650 million based on current market prices. This revelation highlights
