A New York court has classified cryptocurrencies ether and bitcoin as “commodities” while dismissing a proposed class action lawsuit against decentralized crypto exchange Uniswap. The lawsuit, filed in April 2022, alleged that Uniswap violated U.S. securities laws by failing to register as an exchange or broker-dealer, offering and soliciting securities on an unregistered exchange. The […]
The U.S. Securities and Exchange Commission (SEC) has delayed the announcement of results for seven leading applicants who want to launch a publicly traded Bitcoin fund (ETF) in the U.S. In seven separate applications, the SEC stated that it needs additional time to review the proposed rule change for the approval of Bitcoin spot ETFs. […]
TAPBIT, a global cryptocurrency exchange founded in 2021, has listed WEMIX, a utility coin of the world’s biggest blockchain gaming platform WEMIX PLAY, on August 31st. TAPBIT provides secure trading services with a Money Service Business (MSB) licence issued by the Department of the Treasury, United States. It supports more than 200 cryptocurrencies, spot trading, […]
The U.S. Securities and Exchange Commission (SEC) recently delayed decisions on all Bitcoin (BTC) Exchange Traded Fund (ETF) applications until October. This caused a market-wide pullback, resulting in $130 million in liquidations over the last 24 hours.Prominent firms, such as BlackRock, Valkyrie, WisdomTree, Invesco Galaxy, Bitwise, and Wise Origin, had their applications delayed. Bloomberg analysts […]
DonAlt, a top crypto trader, has revealed his forecast for Bitcoin (BTC) if a hotly anticipated Bitcoin investment product gets the regulatory nod. DonAlt told his 53,000 YouTube subscribers that Bitcoin could rally modestly if a spot BTC exchange-traded fund (ETF) is authorized in the United States. Earlier this week, a U.S. court ruled that […]
The Coinbase vs. United States Securities Exchange Commission (SEC) lawsuit has been backed by the crypto community, digital asset organizations, and lawmakers. A new attorney, Patrick V. Kennedy, has been admitted pro hac vice to represent the Chamber of Digital Commerce as amicus counsel. The Chamber of Digital Commerce is aiming to halt the SEC’s […]
The People’s Fund of Maui, a relief fund championed by A-list celebrities Oprah Winfrey and Dwayne ‘The Rock’ Johnson, is accepting donations in cryptocurrencies to help those affected by the wildfires on the island of Maui, Hawaii. The fund will provide direct financial support to those affected, with every adult resident who lives in the […]
Elon Musk, the CEO of X (formerly known as Twitter), has put an end to the rumors of the development of an “𝕏 coin” to reward creators on the platform. He responded with a “no” to the speculation. This news has been met with disappointment from the cryptocurrency community, particularly Dogecoin supporters, who had hoped […]
Dave Armstrong, the founder of BitBoy Crypto, has recently announced his farewell to the cryptocurrency community. Armstrong’s statement revealed his personal struggles and his commitment to the cryptocurrency community. Armstrong’s statement was released on September 1, 2023. He expressed his gratitude to the community for their support and understanding. Armstrong also shared his struggles with […]
Bitwise Asset Management has unexpectedly withdrawn its application for the Bitcoin and Ethereum Market Cap Strategy Ethereum Futures Contracts (ETF) filed with the Securities and Exchange Commission (SEC) on Aug. 3. The ETF was intended to invest in either Bitcoin Futures Contracts or Ethereum Futures Contracts, depending on their relative market capitalization. The withdrawal statement […]
