The regulator claimed Kraken violated federal securities laws when it offered certain digital assets, which qualify as unregistered securities. Kraken said ADA, ALGO, SOL, and other assets do not meet the legal definition of securities under US law. The exchange also slammed the SEC for the lack of clarity, calling…
After reaching a combined market capitalization of $1.25 billion in early June, the valuation has plummeted nearly 90%, now standing at $154.9 million. PolitiFi meme coins emerged in mid-2023, with TRUMP debuting in August and setting the stage for other similar tokens. The sector saw a strong rally during the…
The price of Bitcoin rose Friday, hitting its highest mark since the start of September as traders grew more confident that the Federal Reserve’s upcoming meeting would yield a jumbo-sized rate cut. With Bitcoin’s price nearing $60,000—reaching as high as $59,735 per CoinGecko, up 2.5% on the day—the increase represented…
Despite these concerns, Tether has recently emerged as one of the most profitable crypto companies globally, reporting massive quarterly profits. In a letter aimed at protecting consumers, addressed to Washington Governor Jay Inslee, Consumers’ Research criticized Tether for failing to conduct an audit to prove that its USDT stablecoin is…
Coinbase launched the cbBTC in response to issues surrounding BitGo’s Wrapped Bitcoin (WBTC). It is available on Ethereum and Coinbase’s Base network and can be used in various decentralized finance (DeFi) platforms. According to Justin Sun, cbBTC marks “a dark day for Bitcoin,” fronting risks to DeFi because of centralized…
Crypto regulation in the US remains a contentious issue, with the pro-industry folk accusing regulators of stifling innovation and driving investment overseas. Congressman Rose is pushing for the creation of a joint advisory committee between the SEC and CFTC. He introduced the “BRIDGE Digital Assets Act,” which proposes a 20-member…
As an open-source protocol, Uniswap provides liquidity and trading for ERC20 tokens on the Ethereum blockchain. Adams dismissed the allegations, stating they were made to bait engagement. He clarified that neither Uniswap Labs nor the Uniswap Foundation charges protocols for deploying on its platform. He further explained that governance votes…
L2s facilitate more efficient and flexible delegation of data processing tasks in support architecture. As a result, the core blockchain protocol does not experience congestion, making scalability possible. Vitalik Buterin stated that he would only recognize Layer-2 (L2) networks that reach “stage 1+” maturity, offering a limited opportunity for “new…
Deaton recently secured the Republican nomination, positioning him to challenge Warren for the Massachusetts Senate seat in the upcoming US elections. Winklevoss’s post responded to an email from Elizabeth Warren’s campaign, which accused conservative, crypto-backed groups of orchestrating multi-million-dollar ad campaigns against her. Warren specifically targeted Tyler and his brother…
The Bitcoin ETF approval set the stage for other similar financial instruments like Ethereum. While Solana’s ETF prospects diminish, XRP is presenting as a possible next in line. Fox Business reported a so-called “closed-end” fund expected to offer direct exposure to XRP. Grayscale released the four-stage product life cycle plan…