Crypto news

The bill, if passed, will prevent undue government interference in the crypto sector, and also support self-custody wallets. A new crypto bill has been introduced to the United States Senate to give crypto holders more power over their assets. Senator Ted Budd (R-NC) introduced the “Keep Your Coins Act” to the 118th Congress on Tuesday. The new bill aims to let crypto holders maintain full custody of their assets without the need for any middlemen or third parties, including cryptocurrency...

The Grayscale Chainlink Trust (GLNK) has been trading at 200% premium to the spot price amid the recent LINK price rally. Oracle service provider Chainlink has been in the limelight once again as the LINK price surged to $15 in a phenomenal 98% price surge just over the last 20 days. The recent LINK price rally comes as the institutional demand for the altcoin also skyrockets. The Grayscale Chainlink Trust (GLNK) has witnessed an astounding 200% premium compared to the prevailing LINK...

Following the SEC’s latest filings, there have been mixed reactions, with some favoring the SEC and others supporting Binance. The United States Securities and Exchange Commission (SEC) has stated that Binance’s motion to dismiss a lawsuit filed against it has no basis in law. The federal regulator revealed this while responding to the motion against it on Wednesday. How the SEC vs Binance Lawsuit Started Earlier in June, the SEC began legal proceedings against Binance. The lawsuit accused...

The entire world of finance (both traditional and crypto) is eagerly waiting for the US SEC to approve spot Bitcoin ETF. Preparations are in top gear as Cathie Wood’s Ark Invest is moments away from launching a new “suite” of exchange-traded funds (ETFs). In line with this ambition, the asset management company has partnered with the world’s largest crypto ETP issuer 21Shares. According to Ark Invest, the suite will open up an array of options to investors who are looking to diversify...

The mere possibility of spot Bitcoin ETF approvals has injected fresh optimism into the crypto market. Bloomberg ETF analysts James Seyffart and Eric Balchunas have outlined a unique opportunity for 12 spot Bitcoin ETF filings to gain regulatory approval from the US Securities and Exchange Commission (SEC) within an eight-day window, starting today and extending to November 17. The SEC’s Timely Window The eight-day window for potential approvals comes as a result of the SEC’s extension of...

Immutable intends to leverage the capabilities of its ecosystem to ensure that the joint effort with Ubisoft succeeds in affording players true digital ownership. Immutable, a leading Web3 gaming platform, has announced a significant partnership with video game giant Ubisoft. The collaboration is to create an innovative gaming experience based on decentralized blockchain technology. Ubisoft’s expertise in developing high-quality video games is combined with Immutable’s advanced Web3...

SEC Chair Gary Gensler said the agency would greenlight the reboot of the exchange if “Tom or anybody else” did it within the law. In an encouraging development, the US Securities and Exchange Commission (SEC) has hinted at the possibility of approving the revival of the beleaguered cryptocurrency exchange FTX, if the incoming leadership adheres strictly to regulatory guidelines. The revelation follows reports that former New York Stock Exchange (NYSE) president Tom Farley was among a...

EOS price started a fresh increase above the $0.65 resistance against the US Dollar. The price is now trading above $0.665 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.680 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.7150 and $0.7200 resistance levels. EOS price is rising above $0.6800 against the US Dollar, like Bitcoin. The...

Litecoin started a steady increase above $70 against the US Dollar. LTC price is now trading above $70 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $71.20 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $75.80 and $76.00 resistance levels. Litecoin price is showing positive signs above $70 against the US Dollar, like Bitcoin. LTC price could...

Switzerland-based crypto-focused financial institution SEBA Bank has secured a regulatory license from Hong Kong regulators through its local wholly-owned subsidiary, enabling the entity to offer regulated cryptocurrency services to institutional investors in the city-state. The full license comes three months after SEBA received in-principle approval from the Hong Kong regulators and nearly a year after the Swiss crypto bank first established an office in the region. SEBA...