The SEC is facing mounting legal setbacks in its case against Ripple and Coinbase, potentially signaling a shift in the regulatory landscape for cryptocurrencies. Ripple’s Chief Legal Officer, Stuart Alderoty, has commented that recent court rulings show the SEC’s approach as “arbitrary and capricious.” This sentiment was echoed in the recent Grayscale Bitcoin ETF case, […]
This week has seen a flurry of activity in the crypto sector in Latin America, with both Binance and Circle announcing key initiatives. Binance is introducing a ‘Send Cash’ feature that enables crypto-to-bank transfers for residents of nine Latin American countries, while Circle is partnering with Mercado Pago in Chile to offer its USD Coin.Binance’s […]
Bloomberg has raised the odds of a Bitcoin ETF gaining approval to 75% by the end of 2023 and 95% by 2024, following Grayscale’s legal win against the U.S. Securities and Exchange Commission (SEC). The SEC is now expected to make ‘first deadline’ decisions on seven major Bitcoin ETF applications from industry giants like BlackRock, […]
The fifth-largest digital asset, XRP, has seen a surge in its daily average traded volume to about $1.572 billion, recording a spike of over 114 percent. This comes after the U.S. Court of Appeals for the D.C. Circuit issued a ruling in favor of Grayscale Investments and against the SEC. Following the ruling, XRP price […]
Brian Armstrong, the CEO of Coinbase, recently shared his top areas of interest in the crypto space. He urged DeFi builders to focus on ten ideas that he believes are critical for the broader crypto space in order to support the next generation of crypto startups. These ideas include Flat Coin Concept, On-Chain Reputation, On-Chain […]
The United States District Court for the Southern District of New York has dismissed a class action lawsuit against Uniswap, its CEO, and its venture capital backers. The suit was brought by six individuals who bought what they alleged were scam tokens on Uniswap between December 2020 and March 2022. The plaintiffs claimed they lost […]
The United States could be seeing a resurgence in the crypto industry after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates. Jeremy McLaughlin, a partner at the global law firm, noted that multiple U.S. court cases have challenged the Securities and Exchange […]
Grayscale Investments CEO Michael Sonnenshein recently described the US appeals court’s decision to overturn the Securities and Exchange Commission’s (SEC) block of his firm’s proposed spot Bitcoin exchange-traded fund (ETF) as a “huge win” for the digital-assets industry. This ruling has rekindled hopes for the launch of the first US ETF that would invest directly […]
Binance, one of the world’s largest cryptocurrency exchanges, is set to expand its services in Japan. The Japanese subsidiary of Binance will reportedly provide trading services with additional digital currencies in the near future. The crypto behemoth re-entered the Land of the Rising Sun earlier this summer after departing in 2018 due to regulatory problems.According […]
Vivek Ramaswamy, a United States presidential candidate, has praised Grayscale’s recent victory over the federal securities regulator, arguing that it will help keep Bitcoin and blockchain innovation from going overseas. Ramaswamy believes that the U.S. courts have become a last line of defense to keep cryptocurrency innovators in the country, and that the decision will […]
