Coinbase Chief Legal Officer Paul Grewal said Friday that the cryptocurrency exchange is challenging the Securities and Exchange Commission’s move to reject calls for new digital asset regulations. This morning, the SEC rejected Coinbase has long called for new rules, calling them “unfair.” “Today the SEC denied Coinbase’s petition challenging its cryptocurrency rules,” Grewal said. Posted in. “After 18 months of silence, we went to court to get the response the law requires. With gratitude to the Third Circuit, today we will seek its help again by challenging the SEC’s waiver of its obligations.”Coinbase and the SEC have been at…
Author: Crypto Flexs
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quick take Famous cryptocurrency and NFT investors are backing social media startup ‘/Reach’ to revamp Crypto Twitter. Through Discord’s unique integration with Twitter/X, the company seeks to solve problems such as bots and low engagement quality. The full launch is scheduled for December 18th and promises a brighter future for the online hub of the cryptocurrency community. We promise to fight bots and drive true engagement with innovative integrations. A consortium of influential cryptocurrency and NFT investors has pulled back its financial weight in a bold move to address the rampant issues plaguing Crypto Twitter. ‘/Reach,’ We are a new…
The Bitcoin (BTC) rally has been taking a breather over the past few days, but a strong rally in 2023 has not been in sight. A survey of U.S. financial services companies conducted by cryptocurrency company Paxos found that 99% of companies are focusing more on cryptocurrency projects this year compared to the previous year.Analysts are increasingly optimistic about Bitcoin and the cryptocurrency market in 2024. Bitwise senior research analyst Ryan Rasmussen made 10 predictions for the cryptocurrency industry in 2024 in a December 13 X (formerly Twitter) post. He believes Bitcoin will soar to $80,000 in 2024. And he…
join us telegram A channel to stay up to date on breaking news coverage EV tokens are almost unheard of in the cryptocurrency market. Interestingly, the flood of DeFi, Play-to-Earn, and Meme tokens has reduced the capabilities of Web3 to pure speculation and entertainment. However, the underlying blockchain technology that underpins cryptocurrency markets is designed to revolutionize data and financial transactions across a variety of industries. Blockchain deserves more recognition The transparency and accountability introduced by distributed ledger systems are ideal for large-scale projects that require global coordination. eTukTuk is a new cryptocurrency project that aims to revolutionize the transportation…
Welcome to Finance Redefine, a newsletter designed to bring you the most important developments of the past week. A newsletter that delivers essential decentralized finance (DeFi) insights each week.Last week, an unprecedented series of events unfolded in DeFi, with malicious actors exploiting a vulnerability in the Ledger hardware wallet connector library on December 14th. This attack put the entire decentralized application (DApp) ecosystem at risk. On-chain analysts and DApps like SushiSwap and MetaMask have advised users not to interact with their wallets at all.Although Ledger released a patch within hours to contain the vulnerability, the attackers managed to extort more…
The second annual Gam3 Awards have concluded, with Parallel taking top honors in several categories, including Best Strategy Game, Best Card Game, and the prestigious Game of the Year award. Celebrating the efforts of the web3 game development team, the event showcased the diverse potential of blockchain technology in games.Hosted by GAM3S.GG (formerly Polkastarter Gaming), the Gam3 Awards selected a total of 40 finalists from 214 nominated games. Game of the Year finalists included My Pet Hooligan, Wildcard, Big Time, Deadrop and last year’s winner Big Time.Gam3 Award WinnersParallel, which has not yet been officially released, is a science fiction…
In a recent meeting, the SEC and BlackRock discussed the iShares Bitcoin ETF on December 14, reportedly raising questions about spot trading. Unlike previous meetings, Bloomberg Intelligence analyst James Seyffart reported that there were no presentations. As part of a follow-up thread on after, community member In light of Chairman Gary Gensler’s comments after the court heard yesterday, Seyffart was asked about the possibility of SEC approval. I mean. We’ve had a 90% chance since October when people told us we were crazy for thinking that would happen!! lol. Now people want us to increase the odds. But yes. We…
Polygon Labs will stop accepting contributions to the Edge framework (also known as Supernets) and focus on extending the Chain Development Kit (CDK).Initially developed as an open source tool under the Apache License 2.0, Edge facilitated the creation of custom blockchain networks compatible with Ethereum. However, according to the statement, there has been a change in the team’s development priorities over the past year.Instead of continuing to use Edge, we will now focus on our successor solution CDK, the company’s toolkit designed for developing a variety of Layer 2 ZK-Rollups, Layer 2 networks designed using zero-knowledge proofs. Chains deployed using…
The Securities and Exchange Commission (SEC) denied the rulemaking petition filed by Coinbase. SEC Chairman Gary Gensler said current law is sufficient to protect investors. Commissioners Hester Peirce and Mark Uyeda issued statements disagreeing with the commission’s decision. The U.S. Securities and Exchange Commission (SEC) rejected a petition to enact cryptocurrency-related regulations submitted by U.S. cryptocurrency exchange Coinbase. SEC Chairman Gary Gensler said in a statement released Friday that he supports the commission’s decision. He cited three reasons for his views on the agency’s latest actions regarding the pursuit of clear regulatory rules. “I am pleased to support the Committee’s…
Bitcoin is a popular digital currency that has gained a lot of attention in recent years. With its decentralized nature and limited supply, many people are interested in earning Bitcoin as a way to invest in the future. Fortunately, there are several ways to earn Bitcoin, ranging from simple tasks to more complex investment strategies.In this article, we will explore some of the best ways to earn Bitcoin and provide tips on how to maximize your earnings. Whether you’re a seasoned investor or just starting out, this guide will provide you with valuable insights on how to earn Bitcoin and…