Coinbase, one of the leading cryptocurrency exchanges, is facing serious allegations from the United States Securities and Exchange Commission (SEC). Quick facts: The SEC has countered Coinbase’s argument regarding the regulator’s jurisdiction to prosecute the crypto exchange by filing a response. The regulatory body claims that the exchange knowingly and deliberately violated securities laws. In … Read more
Ripple lawyer Stuart Alderoty has raised concerns regarding the impartiality regulations governing employees of the U.S. Securities and Exchange Commission (SEC), suggesting possible bias in the commission’s stance on various digital assets. Alderoty emphasizes that federal law, specifically 5 CFR 2635.101(b)(14), obligates SEC personnel to demonstrate impartiality and maintain an appearance of fairness. The key … Read more
According to reports from CoinDesk and Reuters, BlackRock is reportedly close to filing its Bitcoin ETF proposal with the SEC. Citing anonymous sources familiar with the matter, these reports suggest that the asset management firm has made significant progress in addressing regulatory concerns surrounding the launch of a Bitcoin ETF. BlackRock Bitcoin ETF will bring … Read more
US Federal prosecutors agreed to withdraw new charges against FTX CEO Sam Bankman-Fried on Wednesday. Among the total 13 criminal charges, 5 were said to be withdrawn for the October trial. However, the prosecutors are going to consider these new charges in early 2024. New Accusations Post Extradition from Bahamas In a recent court filing … Read more
One of the world’s largest cryptocurrency exchanges, Binance’s American counterpart, decided to put a hold on the flow of the US dollar. Users can no longer make deposits on the platform using US dollars, and it is a major setback for the parent company from China. The US regulatory body, the SEC (Securities Exchange Commission), … Read more
On 8th May 2023, US-based cryptocurrency exchange platform, Bittrex shut down its operation in Seattle and files for chapter 11 bankruptcy only after three weeks on SEC lawsuit. According to the SEC press release, Bittrex Global, the foreign affiliate failed to comply registration of revenues. Key Highlights: Unannounced Revenue Leads Bittrex to Bankruptcy Claims read … Read more
The crypto market is in perfect shape for a massive bull run. However, if you have been sitting on the fence since the crypto winter, you might feel a little left behind. The anxiety of FOMO is indeed high, and surely you may come under pressure to hastily re-enter the market. But you need to … Read more
Binance fees could seem overwhelming but it is cheap and easy to catch up. In this article, we will be looking closely into Binance trading fees, withdrawal fees, and so on. Before jumping in, Binance is the largest cryptocurrency exchange with over 700 registered tokens. Created by Changpeng Zhao in 2017, having prior knowledge of … Read more
In 2024, the cryptocurrency market underwent significant transformations. The U.S. Securities and Exchange Commission (SEC) cracked down on major players, leading to exits by giants like Binance, FTX, and Luna. Ripple faced a prolonged court battle. Amidst this chaos, Bitcoin surged by 157.51%, reaching $42,000. This Cryptocurrency Statistics Report for 2024 captures the highs and … Read more
The next Bitcoin halving event is about to come in 2024 and due to its limited supply of 21 million tokens, it is the talk of the town. A total of 19,588,193 BTC (93.28%) has been mined but the last Bitcoin will not be mined until 2140. Keep reading to find out how the last … Read more