Cryptocurrency exchange Kraken has asked to dismiss the SEC lawsuit, arguing it overextends regulatory scope and poses a threat to commerce. Cryptocurrency exchange Kraken has filed a motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). He argued that the agency was setting a dangerous precedent that could potentially give it unfettered authority over a wide range of commerce. The legal battle marks another chapter in the regulator’s ongoing investigation into cryptocurrency companies. background of the incident The SEC has taken various cryptocurrency companies to court for violating securities laws. The lawsuit against Kraken focuses…
Author: Crypto Flexs
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The index is up more than 11% over the past seven days, while FIL and GRT are up more than 40%, defying moderate weakness in the overall market. Index leader Chainlink’s LINK token fell 10%. The CoinDesk 20 index, a broad cryptocurrency market benchmark, fell 2% in seven days as Bitcoin (BTC), the world’s largest cryptocurrency by market value, fluctuated between $50,500 and $52,500.
Cardano (ADA) is trimming gains at the $0.642 resistance zone. ADA could start a new rally if it stays above the $0.5550 support area. ADA price is showing some signs of weakness below the $0.600 level. The price is trading above $0.5550 and the 100 simple moving average (4-hours). A break occurred below the main bullish trendline with support at $0.610 on the 4-hours chart of the ADA/USD pair (data source from Kraken). If the bulls remain active above the $0.570 support, the pair could attempt a fresh increase. Support for Cardano price decline After forming a base above the…
reporter Posted on: February 23, 2024 Avalanche’s ecosystem has experienced tremendous growth recently. Despite the ecosystem growth, the price of AVAX has fallen, resulting in lower lows and lower highs. Avalanche (AVAX) has seen tremendous growth over the past few months in terms of its ecosystem. sudden surge in activity In the fourth quarter of 2023, the network saw a notable surge in on-chain activity, recording 6.4 million transactions on November 22 and 6.3 million on December 19. The first surge was initiated by ASC-20 and the second surge was driven by increased activity related to meme coins. This surge…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Binance, one of the world’s largest cryptocurrency exchanges, announced a partnership with Celestia (TIA) to introduce additional features to the Chainlink ecosystem. At the same time, Borroe Finance (ROE), a new player in decentralized finance, is gaining prominence. Chainlink’s Strategic Partnership Chainlink, a decentralized oracle network, has launched a series of new advancements and collaborations to strengthen its infrastructure and ecosystem. These initiatives include the development of the Cross-Chain Interoperability Protocol (CCIP), which connects various blockchains. Chainlink has also…
Posted 1 minute ago In ~ Representatives of the European Union (EU) Council and European Parliament agreed on Thursday on the location of the headquarters of a new European authority for anti-money laundering and terrorist financing, deciding that the organization AMLA will be based in Frankfurt. , germany.AMLA, which will oversee the cryptocurrency sector, will have more than 400 employees and is expected to begin operations in the middle of next year. press release Announced yesterday, the organization is labeled as “central to reforming the EU’s anti-money laundering framework”.But Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and Capital…
On the morning of May 10, 2023, Kraken testified before the House Financial Services Committee and the House Agriculture Committee about the SEC’s cryptocurrency glut. Kraken testified that current laws do not adequately address the digital asset industry and that Congress could do more to enact a set of rules to better protect consumers and investors. Kraken testified on its new set of cryptocurrency exchange rules: Congress should limit the SEC’s jurisdiction in favor of other agencies.. The next day, the SEC called Kraken and said they would file a lawsuit. Cryptocurrency innovators in the United States need not fear…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. After the price of Bitcoin (BTC) recently soared to $50,000, speculation was rampant about its prospects. One of the most compelling arguments was made by MicroStrategy CEO Michael Saylor, who suggested that the cryptocurrency has the potential to reach $1 million over time. To support his claim, he noted that the price of Bitcoin has surged 330% since 2020. Saylor also highlighted the record investor influx that the recently launched Bitcoin ETF has attracted since its U.S. launch. In…
New innovations and opportunities are constantly emerging in the cryptocurrency world. One opportunity that has made waves in the cryptocurrency community is Squall Coin. What is Skolcoin? Squall Coin is a new cryptocurrency that aims to revolutionize the way digital transactions are made. Built on secure and transparent blockchain technology, it becomes a stable and efficient means of delivering value. Key Features of Skolcoin Some of the key features that make Squall Coin stand out are: Fast and safe transaction low transaction fees decentralized network Scalability for mass adoption Why Squall Coin Could Be the Next Big Thing As demand…
In an eagerly anticipated development, Ethereum’s (ETH) upcoming ‘Dencoon’ upgrade, scheduled for March 13, is poised to bring significant advancements to the scalability, security, and usability of the Ethereum network. Renowned cryptocurrency analyst Miles Deutscher highlighted this key point. hard fork upgrade, We highlight their potential to advance the entire ecosystem and share our picks of the best altcoins poised to benefit from the coming changes. Ethereum Dencun Upgrade to Increase L2 Attractiveness? The Dencun upgrade, part of the Ethereum roadmap initiative known as “The Surge,” is a series of Ethereum improvement proposals (EIP) enhances the efficiency and functionality of…