The Securities and Exchange Commission (SEC) has decided not to appeal Judge Analisa Torres’ summary judgment partially in favor of Ripple Labs, marking a strategic shift to avoid setting a potentially unfavorable precedent in the high court. This possibility comes to light as the cryptocurrency community awaits the court’s ruling on the relief phase, expected by the end of summer 2024, after which the SEC’s appeal window opens. Why the SEC Wants to Avoid Appeal Ripple Kristina Littman, former head of the SEC’s Enforcement Division’s cyber division, weighed in on the SEC’s potential actions at a recent conference on digital…
Author: Crypto Flexs
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Our weekly news roundup from East Asia selects the most important developments in the industry. Korean market panics due to rumors of fake altcoin delisting About half of the altcoins listed on major South Korean exchange Upbit plummeted between 10 and 20 percent last week amid rumors that a regulatory crackdown was imminent but not yet in place. As reported by ebn.co.kr, the fake news that “financial authorities plan to review 600 domestic virtual assets on a quarterly basis starting next month and suspend trading of coins that do not meet the standards for maintaining listing” is widely spread. Investors…
Winklevoss’ donation to Trump 47 joins the largest donations from Jeffrey Sprecher, founder, chairman and CEO of Intercontinental Exchange, and his wife, Kelly Lynn Loeffler, former U.S. senator and CEO of Bakkt. Joe Ricketts, founder and former CEO of TD Ameritrade; and Robert Bigelow, who owned Budget Suites of America and founded the now-defunct Bigelow Aerospace.
While Avalanche (AVAX) is enjoying price increases and Fetch.ai is on the verge of a significant merger, BlockDAG has made some of the most notable developments in cryptocurrency. BlockDag recently broadcast its mainnet launch plans in mid-August at the Moon location, introducing its superior Detailed Acyclic Graph (DAG) technology. This technology establishes excellence in scalability and safety by ensuring fast transactions and secure confirmation through Proof-Of-Work consensus. With $52.3 million in presales and a low-code/no-code framework for decentralized apps, BlockDAG is becoming a preferred investment, surpassing AVAX and Fetch.ai in potential and novelty. Avalanche (AVAX) Price Rally: Is Sustainability a…
People • June 20, 2024, 5:17 PM EDT Posted 1 minute ago In ~ Cameron and Tyler Winklevoss donated a total of $2 million worth of Bitcoin to former US President Donald Trump, the presumptive Republican nominee in the upcoming presidential election.The Winklevoss twins announced their donation in a post about”I just donated $1 million Bitcoin (15.47 BTC) to (Donald Trump). “I will be voting for him in November,” Tyler Winklevoss said in his post.“The Biden administration has publicly declared war on cryptocurrencies, weaponizing multiple government agencies to bully, bully, and sue good actors in the industry in an effort…
The Winklevoss twins donated $2 million in Bitcoin to Donald Trump’s campaign. Gemini founders cited Trump’s pro-business and pro-cryptocurrency stance as reasons for their support. The Trump campaign recently announced that it would begin accepting cryptocurrency donations. Gemini founders Cameron Winklevoss and Tyler Winklevoss, commonly referred to as the Winklevoss Twins, each donated $1 million worth of Bitcoin (BTC) to former President Donald Trump’s campaign. . The twins’ decision to donate such a significant amount in Bitcoin is an important step at the intersection of technology, finance, and political fundraising. This highlights the growing influence of cryptocurrencies in mainstream politics,…
Binance announced the addition of LayerZero (ZRO) to several of its trading and investing platforms, including Simple Earn, Buy Crypto, Convert, Margin, and Futures. According to Binance, this move is part of Binance’s ongoing efforts to expand its ecosystem and provide users with a broader range of investment options. Earn Starting June 24, 2024, users will be able to purchase ZRO using payment options supported by Binance Auto-Invest. This addition allows users to conveniently include ZRO in their investment portfolio. Buy and sell cryptocurrency Users can now purchase ZRO directly using credit/debit cards, Google Pay,…
Digital asset manager 3iQ has applied to list its Solana (SOL) exchange-traded product on Canada’s Toronto Stock Exchange (TSE) and intends to include staking.“We have filed a preliminary prospectus for the Canadian Solana Fund (QSOL) in connection with its initial public offering,” 3iQ posted to X on June 20.If approved, this would be the first Solana ETP listed in North America, the company said.Source: 3iQ Digital Asset Management 3iQ said the QSOL has been filed as a preliminary prospectus with securities regulators in all provinces and territories of Canada except Quebec. QSOL provides “exposure to the digital currency SOL” and…
The market was stunned as the price of Bitcoin fell below $66,000, resulting in liquidations of more than $90 million in 24 hours. But even after falling so far already, analysts don’t believe the worst is over. In particular, cryptocurrency analyst Ali Martinez said Bitcoin still has a long way to go before the collapse is over, predicting it could fall another 20% from here. Bitcoin falls below a major price band. Crypto analyst Ali Martinez has posted a new analysis on X (formerly Twitter) on Bitcoin price that paints a somewhat bearish picture for the pioneering cryptocurrency. According to…
As cryptocurrency use cases increase, cryptocurrency-related crimes are becoming increasingly difficult to track, according to a new report. As a new Chainalytic report reveals, cryptocurrency crime and investigations have become more complex and resource-intensive than regular criminal investigations. This adds to the critical role of public sector investigative agencies in the fight against cryptocurrency crime and highlights the urgent need for improved workforce and skills related to cryptocurrency. Over the past decade, cryptocurrencies have emerged as a focus for law enforcement, regulators, and military agencies around the world, and that focus is only likely to grow. The agency is tasked…