The United States securities regulator has asked for four more months to provide a response to Coinbase’s request for crypto regulatory clarity. In a June 13 letter submitted to the U.S. Court of Appeals for the Third Circuit, the Securities and Exchange Commission (SEC) said it needs an additional 120 days to reply to Coinbase’s
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Expectations for the Ripple lawsuit summary judgment have heightened among XRP community members ahead of essential revelations. The broader crypto community and XRP holders await the unsealing of the Hinman speech documents moved up to June 13. Considering the building pressure and heightened regulatory uncertainty, the crypto community expects clarification from the doc. The Hinman
Due to its Bitcoin (BTC) tipping feature, the decentralized social media app called Damus could face the axe from the Apple app store. The creators behind the decentralized social media platform shared a warning letter from Apple on June 13. The letter warned that the app will be removed from the platform because of the
Newly released documents showing edits that were made to a 2018 speech given by former director of the Security and Exchange Commission’s (SEC) corporate finance division Bill Hinman suggest the editors were concerned his statement might undermine the idea that Ether (ETH) is a security. This could risk locking the agency into a position it
The United Kingdom arm of cryptocurrency exchange Bitstamp has joined the list of registered firms under the country’s Financial Conduct Authority. According to the FCA list of registered cryptoasset firms as of June 13, Bitstamp U.K. Limited and Interactive Brokers Limited became the first companies to join other registered entities in the U.K. after roughly
Buying a small-town soccer club with the aim to propel it into the Premier League — the world’s most popular football league — is a script suitable for a Netflix series. In fact, actor Ryan Reynold’s bid to revitalize lower-league Welsh soccer team Wrexham FC has already caught the attention of Disney+ writers. It’s a
Bitcoin (BTC) fell back in line at the June 12 Wall Street open after a brief macroeconomic data jolt failed to shift the status quo. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Markets expect first Fed pause since 2021 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to circle $26,000, avoiding major
Illicit funds gained from the $35 million Atomic Wallet hack are on the move again, with sanctioned Russian-based crypto exchange Garantex reportedly becoming the latest to come in contact with the hacked crypto. On June 13, blockchain security and compliance firm Elliptic updated the situation regarding the stolen Atomic Wallet funds. It alleges that the
Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets ahead of a June 13 hearing, claiming that the move would “effectively end” its business. In a June 12 filing, Binance.US slammed the SEC’s emergency motion for a temporary restraining order on its business, calling it “draconian and
Ava Labs CEO Emin Gün Sirer will be calling on United States officials to “nurture” and “support” responsible blockchain innovation, warning that they face “disastrous consequences” if they don’t. Gün Sirer’s comments in defense of what he describes as a “revolutionary technology” is part of a testimony that he is scheduled to give to the
Cardano (ADA) bounced modestly after losing nearly 30% of its valuation in the previous week, its worst seven-day performance since May 2021, when the Terra collapse sparked a cryotocurrency market crash. Nonetheless, ADA looks ready to undergo a sharp recovery in the coming months, based on technical analysis. ADA price up 30% from six-month lows
Summary: Data from Blockchain Intelligence startup Nansen shows a steady increase in the number of staked ETH. So far, users and entities have locked over 22 million coins which amount to about 18% of the token’s supply. At the same time, balances in crypto exchanges are declining and now sit below 30 million tokens. Analysts
Bitcoin’s on-chain data provides evidence that Bitcoin miners are offloading their holdings. The factors influencing the selling pressure could be reduced earnings from a cooldown in Ordinals activity as well as mining difficulty and hash rate reaching an all-time high. According to on-chain analytics firm Glassnode, “Miners have been sending a significant amount of coins to
Ethereum co-founder Vitalik Buterin believes the success of Ethereum will come down to three major technical “transitions” that need to happen almost simultaneously — layer-2 scaling, wallet security, and privacy-preserving features. In a June 9 post via his personal blog, Buterin explained that the Ethereum blockchain outright “fails” without sufficient scaling infrastructure to make transactions
United States-based crypto exchange Binance.US has reportedly hired a former enforcement official from the Securities and Exchange Commission (SEC) as part of the legal team to defend itself against allegations of operating as an unregistered securities exchange. According to a June 12 report from Bloomberg, Binance.US has hired former SEC enforcement co-director George Canellos with
A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two months at $1.06 trillion, a 2.4% decline between June 4 and June 11. This time, the move wasn’t driven by Bitcoin (BTC), as the leading cryptocurrency gained 0.8%