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Court Dismisses SEC Claim on Secondary Sales of BNB
30.6.2024
The U.S. District Court for the District of Columbia has dismissed several claims in the U.S. Securities and Exchange Commission (SEC)’s case against Binance and its affiliates. This includes allegations related to secondary BNB sales and the sale of the stablecoin BUSD. However,...
SEC Asks Court to Quash Coinbase Subpoena in Legal Clash Over Crypto Regulations
29.6.2024
The U.S. Securities and Exchange Commission (SEC) has asked the court to quash a subpoena issued by crypto exchange Coinbase that demands documents related to the crypto markets and personal communications of SEC Chair Gary Gensler. The SEC argues that the subpoena is irrelevant and imposes undue...
Spot Ether ETF Approval Expected to Enhance Crypto Asset’s Legitimacy and Utility, Says Hedera Council President
29.6.2024
While lobbying is likely to play an important role in shaping crypto policy, just as it has done in the early days of most industries, Charles Adkins, President of the Hedera Council, believes showcasing the tangible benefits of blockchain technology is a far more sustainable approach. Therefore...
Supreme Court’s Chevron Ruling Seen as ‘a Game Changer’ for Crypto Industry
29.6.2024
The U.S. Supreme Court has struck down Chevron deference, a doctrine that allowed federal agencies broad discretion in interpreting ambiguous statutes. This decision is seen as a pivotal shift towards greater regulatory clarity and judicial oversight, especially impacting the digital assets sector....
Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024
29.6.2024
Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across...
Solana ETF Approval Odds Rise Amid Potential Political Shifts, Analyst Says
29.6.2024
Bloomberg’s senior ETF analyst has stated that the odds of a Solana exchange-traded fund (ETF) being approved within the next 12 months are closely linked to the likelihood of a change in the U.S. presidency. He noted that it is “safe to say the chances of both are higher today than...
Nigeria’s SEC boss says crypto can aid 38M unbanked
28.6.2024
Agama noted that cryptocurrencies like Bitcoin can greatly lower remittance costs, making it easier and cheaper for Nigerians abroad to send money home
History Associates joins Coinbase in FDIC legal battle
28.6.2024
The History Associates suit aims to hold the FDIC and other regulatory agencies accountable for their actions and ensure transparency in their regulatory practices
S&P Global joins Singapore's Project Guardian tokenization trials
27.6.2024
The rating agency will provide its perspective on risk mitigation in tokenized fixed income transactions
State Street Partners With Galaxy Asset Management to Create New Crypto ETFs
27.6.2024
State Street Global Advisors has partnered with Galaxy Asset Management to provide advanced digital asset-based strategies, expanding investor access to the digital asset ecosystem beyond cryptocurrencies and bitcoin. “We believe we are in a strong position to make digital assets more...
Marathon Digital Expands Mining Operations to Include Kaspa
27.6.2024
Marathon Digital Holdings Inc. has diversified its mining activities by adding kaspa (KAS), a proof-of-work digital asset, to its portfolio. The initiative has already yielded significant results, with the company mining 93 million KAS, valued at approximately $15 million as of June 25, 2024....
Solana Climbs 8.1% Following Vaneck’s SEC Filing for SOL-Based ETF
27.6.2024
Following Vaneck’s application with the U.S. Securities and Exchange Commission (SEC) to launch a solana-based exchange-traded fund (ETF), solana has appreciated 8.1% against the U.S. dollar. Apart from bitcoin, ethereum, and stablecoins, solana now boasts the highest daily trade volume among...
Vaneck Seeks SEC Approval for Solana-Based ETF
27.6.2024
In a significant expansion of its cryptocurrency offerings, Vaneck has announced the filing of the first U.S. exchange-traded fund (ETF) focused on Solana. This move marks a strategic enhancement of Vaneck’s digital asset products, according to Matthew Sigel, head of digital asset research....
Hashgraph Association and Blade Labs Partner to Drive Digital Transformation in the Middle East
27.6.2024
The Hashgraph Association and Blade Labs have partnered to drive digital transformation using the latter’s conventional and Shariah-compliant digital securities platforms. The CEO of Blade Labs described the Hashgraph Association as a strategic investor that enables the company to integrate...
54% of institutional investors in Japan plan to invest in crypto: Survey
25.6.2024
54% of Japanese institutional investors plan to invest in crypto over the next three years, citing portfolio diversification and high return potential as key drivers
FBI Warns of Fake Firms Promising to Recover Lost Cryptocurrencies
25.6.2024
The Federal Bureau of Investigation (FBI) has alerted the public to “an emerging criminal tactic” targeting investors who have already fallen victim to cryptocurrency scams and seek to recover their lost funds. These fraudsters often claim to be authorized by the FBI, Consumer Financial...
Market Turbulence Continues as Crypto Outflows Reach $1.2 Billion
24.6.2024
As digital asset markets continue to navigate turbulence, the latest report from Coinshares outlines significant capital outflows, marking a stark shift in investor sentiment. Authored by lead analyst James Butterfill, the findings highlight a consecutive week of outflows totaling $584 million...
Week of Woe: Major Crypto Assets Suffer, Some AI Coins Buck Trend
24.6.2024
Over the past week, bitcoin has slid 6.6% while ethereum has lost 5.5% against the U.S. dollar, but a large handful of alternative digital assets saw much bigger losses this past week. The meme coin dogwifhat (WIF) was the week’s biggest loser shedding 31.2% while notcoin (NOT) lost 24.3%...
Tether halts USDT minting on EOS and Algorand
24.6.2024
Tether discontinues support for the EOS and Algorand implementations of its flagship stablecoin USDT
CoinShares secures 116% return from FTX claim sale
24.6.2024
CoinShares will reinvest $39.78 million from the sale of its FTX claim into growth opportunities and enhanced client services