Coinbase urges court to reconsider appeal, cites SEC vs Ripple
The Securities and Exchange Commission (SEC) sued Coinbase in June 2023 and accused the company of selling unregistered securities.
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South Korean Crypto Exchange Bithumb to Reopen Withdrawals, Deposits for Nine Cryptos
South Korea's leading virtual currency exchange Bithumb is set to reopen withdrawals and deposits today, according to an official announcement August 4. The world's twelfth largest cryptocurrency exchange by trade volume noted that the time for resuming withdrawals and deposits has been moved from August 4 at 11 a.m. [Korea Standard Time] to 7…
It looks like the SEC isn’t done with trading app Abra just yet
The SEC's investigation into the crypto trading firm, which paid fines of $300,000 in July, apparently continues. Back in July, the Securities and Exchange Commission alongside the Commodity Futures Trading Commission fined investment app Abra for providing trading on synthetic assets. At the time, that looked like the end of the matter. However, in response to…
BNB Chain responds with next steps for cross-chain security after network exploit
BNB Chain, the native blockchain of Binance Coin (BNB) and the Binance crypto exchange, has been subject to security-related developments over the last month.On Thursday, Oct. 6 the network experienced a multi-million dollar cross-chain exploit. The incident caused BNB Chain to temporarily suspend all withdrawal and deposit activity on the network.Initially, the announcement of the…
New survey sheds light on people’s concerns about investing in crypto
18% of respondents in a new survey said that learning more about the benefits of investing in cryptocurrency was the most effective approach to transition from skeptic to believer. 218 Total views 22 Total shares While some people believe in the long-term potential of cryptocurrency, others are hesitant to put money in because of different…
CME Group CEO Terry Duffy: Government Involvement Key to Crypto’s Success
Terry Duffy, CEO of leading derivative market CME Group, has said that until governments start to accept cryptocurrencies, it is very difficult for major commercial banks to get involved in the market. Duffy made his comments during an interview with Bloomberg published on Feb. 14.When asked if Bitcoin’s (BTC) price has hit its bottom, Duffy…
Cayman Islands introduce regulations for virtual asset service providers
The notorious tax haven appears to be cleaning up its act on AML and counter terrorist financing ahead of an FATF review. 1001 Total views 18 Total shares The Ministry of Financial Services of the Cayman Islands Government announced that it has commenced a regulatory framework for virtual asset service providers, or VASPs.In an Oct.…
SEC extends four Bitcoin ETF deadlines by 45 days
The decision timeline of four Bitcoin ETFs, including Global X Bitcoin Trust, has been extended today by the SEC. 3448 Total views 27 Total shares The Securities and Exchange Commission (SEC) has extended the deadline of four Bitcoin exchange-traded funds (ETFs) on Friday for 45 days, citing the requirement for additional time to decide whether…
Prediction market doubts Trump will complete first term after COVID-19 diagnosis
A pump in daily volume creates an 8% swing on whether Trump will complete his first term. Following reports of United States President Donald Trump’s positive test result for COVID-19, prediction markets have (perhaps predictably) seen a flurry of activity.One of the more macabre predictions gaining attention is on the centralized PredictIt market run by…