Binance, CZ file motion to dismiss SEC’s amended complaint
Secondary market resales of crypto assets long after they were first distributed by their developers are not “securities” transactions, lawyers for Binance and its former CEO argued.
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Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

1inch launches mobile wallet on Apple iOS
With this new wallet, mobile users will finally be able to transact on networks other than Ethereum. 2448 Total views 15 Total shares Decentralized exchange aggregator 1inch launched its wallet on Apple iOS Tuesday, allowing users to swap tokens on their mobile devices. The new wallet brings all the advantages of the 1inch Network to mobile…

LUNA flips Ethereum becoming second largest network for staked value
Data shows that there are currently 226,325 stakers accounting for $29.5 billion worth of locked up LUNA which has propelled the network into second place for staked value.

Axie Infinity player count falls back to Jan 2021 levels
The numbers represent a 74% decrease from peak levels witnessed just ten months ago. 237 Total views 21 Total shares

Tether to report reserves and pay $18.5M fine after settlement with NYAG
New York regulators are forcing Tether to be fully transparent about its reserves, at the cost of not serving New York residents. 1727 Total views 9 Total shares Bitfinex and Tether settled with the New York Attorney General office in the landmark case against Tether. New York authorities alleged that Tether misrepresented the degree to…

Bitconnect promoter pleads guilty over Ponzi scheme, as platform faces new SEC charges
Former director and promoter of the notorious Bitconnect Ponzi scheme, Glenn Arcaro, has pled guilty to fraud charges related to his role in the now-defunct crypto exchange and lending platformHe has been ordered to pay back $24 million to investors.In a parallel action in the long-running saga the United States Securities and Exchange Commission (SEC)…

Hacked Japanese Crypto Exchange Zaif Releases Financial Support Plan for Customer Assets
Hacked Japanese cryptocurrency exchange Zaif has announced an official plan to provide financial support for affected customers’ assets, in an official notice posted today, October 10.As previously reported, the exchange suffered a security breach Sept. 14, resulting in total losses of cryptocurrencies worth 6.7 billion yen (around $59.7 million).At the time, Zaif operator Tech Bureau…

Institutional money may propel Bitcoin to $250K in one year’s time, says macro investor
According to macro investor Raoul Pal, the latest Bitcoin rally is just the beginning of an institutional investor-led bull market. 121 Total views 4 Total shares Bitcoin may hit $150,000 by November 2021 according to Raoul Pal, founder and CEO at Global Macro Investor and Real Vision — And that would be the most conservative…