In a significant development in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and major cryptocurrency exchange Binance, stablecoin issuer Circle has intervened, asserting that stablecoins should not be categorized as securities under existing financial regulations. This comes after earlier this year, Binance faced several legal accusations from regulators with the […]
Do Kwon says no to SEC deposition since he’s already in Montenegro jail
Do Kwon’s lawyers claim that their client agreed to submit to the deposition, which was requested by the SEC to take place in October, if it would happen in Montenegro, where he is currently jailed. […] Read More… The post Do Kwon says no to SEC deposition since he’s already in Montenegro jail appeared first […]
Bitcoin breaks September curse, closing the month on a high note
Quick Take Bucking a precedent that dates back to 2016, Bitcoin ended September on a positive note, marking an approximately 4% increase. Historically, September has been a challenging month for Bitcoin, renowned for its adverse market conditions. However, this shift in trend rekindles interest and presents a fresh perspective on the cryptocurrency’s performance. This turnaround […]
Chainlink quietly changes multisig rules, Mixin offers $20M bounty: Finance Redefined
Mixin Network has offered a $20 million bug bounty to the exploiter behind a $200 million hack to return the remaining funds.
Stablecoin Dominance Wanes: Will MiCA End Them?
Stablecoin dominance drops ahead of the upcoming MiCA regulations in the EU. What should we be prepared for? Continue reading at DailyCoin.
Off-Chain Crypto Transactions Targeted By US Bill For Transparency And Security
In a major development for the crypto sector, U.S. Representative Don Beyer unveiled the “Off-Chain Digital Commodity Transaction Reporting Act” on September 28. This legislation is designed to bolster transparency and safeguard cryptocurrency investors by requiring rigorous reporting of off-chain transactions to a government repository regulated by the CFTC. The legislation addresses a critical concern […]
SEC Rushes Ethereum Futures ETF Approvals Before Government Shutdown
Ethereum futures ETFs from Valkyrie, VanEck, ProShares and more expected to start trading next week as SEC rushes approvals before shutdown.
Bitcoin About To Hit New Highs As ‘Completely New Environment Unfolds’ for BTC, Says Glassnode Co-Founders
The co-founders of the crypto analytics firm Glassnode believe that the US Dollar Index (DXY) will soon dip and spark a massive Bitcoin (BTC) bull run. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say the DXY appears to have peaked. The DXY is a […]
Cynthia Lummis: Bitcoin Is the Anti-CBDC
Do We Need CBDCs? Bitcoin Backstage with Cynthia Lummis In the world of digital currencies, two terms frequently come up for discussion – Central Bank Digital Currencies (CBDCs) and Bitcoin. Both have gained significant attention in recent years, with proponents and critics presenting their arguments. To shed light on this topic, we dive backstage with […]
Judge Approves BlockFi’s Partial Repayment Plan for Customers
BlockFi creditors now gets closure with partial refund of their locked funds approved. Overall liquidation and repayment is still dependent on legal battles with FTX and 3AC. In the latest development, customers of defunct crypto lender BlockFi may be able to recover a part of their frozen crypto assets. The Long Haul to Closure According […]