SEC ‘dug in’ on bank crypto custody rule as agency’s stance ‘unchanged’

September 10, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

SEC chief accountant Paul Munter said agency staff views on a divisive rule curtailing banks from offering crypto custody services “remain unchanged.”

Alexis Ohanian, a co-founder of both Reddit and VC firm Initialized Capital, upheld his $20,000 Bitcoin (BTC) and $1,500 Ethereum (ETH) forecasts for 2018 in an interview with CNBC on July 24. Speaking of the “battle-tested” Bitcoin, Ohanian said the asset is “certainly the most robust” and “one of the best proofs” of crypto being…

Class action lawsuit claims Solana’s SOL is an unregistered security

Plaintiffs claim that Solana’s SOL token is a centralized security with insiders profiting immensely while retail traders got rekt. 387 Total views 7 Total shares Solana Labs is the latest crypto company to be hit with a lawsuit accusing it of promoting an unregistered security.The class action was filed on July 1 by Roche Freedman…

Coinbase slammed for linking WBTC delisting to Justin Sun

Some crypto community members have criticized Coinbase for not giving technical reasons for delisting WBTC and justifying its decision by citing Justin Sun-linked risks.

Cosmos Hub postpones vote date following white paper revision

A revised vision of the Cosmos Hub is now expected to be on chain for voting on Oct. 31, after being originally scheduled for Oct. 3. 66 Total views 1 Total shares An updated version of the Cosmos Hub white paper went live on October 29, with the community now set to vote on the document. According…

US Gov’t Extradites Alleged Fraudster for Selling Fake Securities for $11M in BTC

The United States has extradited a Swedish national from Thailand for allegedly selling fraudulent securities to investors online, garnering over $11 million worth of Bitcoin (BTC).Per a press release from the U.S. Department of Justice (DoJ) published on Nov. 18, Roger Nils-Jonas Karlsson is on his way to the U.S. to stand trial on behalf…

Is Bitcoin a hedge against inflation?

How effective is Bitcoin as a hedge against inflation? Let us first understand what inflation is and how useful the other stuff is to deflate it. With inflation in fiat-based economies a given, experts and even regular people have been looking for an investment or a tool that works as a hedge. Gold, stocks and…

Next House committee chair reintroduces bill on crypto innovation

Under the proposed bill, companies could apply for an “enforceable compliance agreement” with offices at federal financial agencies that would allow for a regulatory path forward. 1168 Total views 16 Total shares Own this piece of crypto history Collect this article as NFTNorth Carolina Representative Patrick McHenry, the current ranking member of the House Financial…

Ripple CEO endorses crypto lawyer in race against Sen. Warren

Brad Garlinghouse and other crypto executives have directly contributed to John Deaton’s Senate run, and Ripple has funded one of the PACs supporting him.

Major Ethereum gas fee overhaul EIP-1559 scheduled for July

Users and investors delight as EIP-1559 is scheduled for July, but ETH miners are less than thrilled. 1482 Total views 8 Total shares A hotly awaited upgrade to the Ethereum network that may result in ETH becoming a deflationary asset is now scheduled for the “London” hard fork in July. Ethereum lead developer Tim Beiko previously…

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