Coinbase, the leading cryptocurrency exchange in the United States, recently filed lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for failing to comply with information requests pertaining to closed crypto cases. The company seeks to compel these regulatory bodies to respond to their Freedom of Information Act (FOIA)
Crypto
The US spot Bitcoin ETFs have shown signs of improvement, with collective inflows reaching $21.52 million on June 26th. This positive momentum has been building since Tuesday, indicating a potential recovery in the market. However, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments for the past four days, suggesting a lack of
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission is currently in its trial phase. Despite this phase traditionally being the period where resolutions are reached, the end date remains uncertain. However, recent events as of June 27th shed some light on the progress of the case. One of
Recent analysis by IntoTheBlock has revealed a notable shift in Bitcoin accumulation patterns, particularly among whales in the cryptocurrency market. Despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD), data shows a surge in net inflows to the largest wallets. Holders with control of at least 0.1% of the total Bitcoin supply added
During an interview at the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed his confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for when these ETFs would be approved, he highlighted that the main focus was currently on asset managers ensuring full disclosure in their registration
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a hot topic since it began in 2020. With no clear end in sight, the question of who will emerge victorious remains uncertain. Ripple managed to secure some wins before the trial commenced, but the main issue at hand
Bitcoin (BTC) has recently experienced a continued downtrend, hitting new local lows of under $59,000. This decrease in value has been particularly evident during the mid-hours of the United States Monday trading session, where BTC briefly dropped below $60,000 to reach a new local low of $58,500. The ongoing slump can be attributed to the
Bitcoin’s price has experienced a sharp decline in recent days after failing to maintain levels above $70K. The market is currently approaching a critical level, with the price now nearing the pivotal $60K support level. The 200-day moving average, which sits at around $58K, could be tested if the price breaks below $60K. The mid-term
The data from Token Terminal reveals an impressive surge in monthly stablecoin transfer volumes, reaching over $1.68 trillion in April. This significant increase from the $100 billion recorded in October 2020 highlights the growing potential of stablecoins in revolutionizing financial processes and enabling seamless cross-border transfers. The analysis includes stablecoins issued by major players like
In the realm of cryptocurrency, Artificial Intelligence (AI) has been gaining significant traction, particularly in the last 30 days. A recent report from the market intelligence platform Santiment unveiled the top 10 AI cryptocurrencies that have seen the most development activity during this period. NEAR Protocol, leading the pack with an index of 173.5, has
