The US Third Circuit Court has granted Coinbase’s request for a response from the Securities and Exchange Commission (SEC) regarding its rulemaking petition, giving the agency a strict 10-day deadline. Coinbase initially filed a petition in July 2022, urging the…
Crypto Just Found Powerful Allies in Congress, Gensler Under Fire
Members of the U.S. Congress grilled the Securities and Exchange Commission (SEC) Chairman Gary Gensler for missteps in the agency’s handling of digital assets. The SEC chair was admonished for the lack of clarity in regulating the crypto space. This…
SEC Chair to be Removed by Legislation – Rep. Davidson
Representative Warren Davidson is planning to introduce legislation to remove the position of Chairman in the Securities Exchange Commission (SEC). He wants the position to be replaced by an executive director who reports to the board. This move is apparently…
SEC Chair Gary Gensler to testify before congress over crypto regulation – Unprecedented Congressional Oversight Looms
Recently, US authorities have intensified their actions against the domestic cryptocurrency industry, making Operation Choke Point 2.0 more evident than ever. The US Securities and Exchange Commission (SEC) has been central to this campaign, as it issued a Wells Notice…
SEC Charges Crypto Entrepreneur Justin Sun and Celebrities for Fraud and Securities Law Violations
On Wednesday, the Securities and Exchange Commission (SEC) filed charges against cryptocurrency entrepreneur Justin Sun and his three companies, Tron Foundation, BitTorrent Foundation, and Rainberry (formerly BitTorrent), for fraud and other securities law violations. Sun and his companies have been…
SEC Filed Miami-based Investment Advisor BKCoin Management of $100 Million Crypto Fraud Scheme
On March 6, 2023, the Securities and Exchange Commission (SEC) announced that it had taken emergency action against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, regarding a crypto asset fraud scheme. The SEC’s complaint,…
Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), and Cosmos (ATOM) Price Analysis for the Week
The Crypto Total Market Capitalization closes –at 2.75% last week, which as a result caused a sell-off in the Altcoin market. The Altcoin Market Capitalization aka Others Market cap closes at -5.69% last week. In this article, I will share…
Reuters news is inaccurate confirms Visa’s, Head of Crypto
Yesterday Feb 28th, 2023 Reuters published an article stating “Visa, Mastercard pause crypto push in wake of industry meltdown” – sources” which was featured by Yahoo News as well. However Visa’s Head of Crypto, Cuy Sheffield confirmed on twitter that…
Robinhood’s Crypto Business Practices Under Investigation by SEC
Robinhood’s Crypto Business received SEC Subpoena during the month of December as per the 10-K filing. Robinhood Markets, a leading online brokerage firm, has recently disclosed in its latest 10-K filing that it has received an investigative subpoena from the…
Banking regulators would be better for overseeing stablecoins than the SEC – Circle’s CEO
According to the Jeremy Allaire, CEO of Circle, banking regulators would probably be more effective in providing oversight for stablecoins. He also expressed his general agreement with the SEC’s proposal for a qualified custodian. During an interview with Bloomberg yesterday,…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed to steal a staggering $125 million from Poloniex’s hot wallets in November. The audacious heist, which exploited vulnerabilities in the popular exchange’s security systems, showcased…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
