Crypto news

Linus Financial, a Nashville-based crypto platform, has settled its dispute with the SEC out of court. Previously, the project offered pooled crypto investment opportunities to its users in exchange for fiat. However, the firm voluntarily winded down its operations when a similar firm got into hot water with the securities regulator over a nearly identical product. Unregistered Securities Offering Many of the SEC’s recent lawsuits – the most high-profile one being the case...

The Commodity Futures Trading Commission (CFTC) announced that it had initiated and successfully settled legal actions against the Opyn, ZeroEx, and Deridex platforms. The three decentralized finance protocols allegedly failed to register various derivatives trading offerings. As stated in the official press release, Deridex and Opyn faced allegations of not registering as a swap execution facility (SEF) or designated contract market (DCM), failing to register as a futures...

After experiencing a significant downward move that brought Bitcoin’s price quickly close to the $25K threshold, bearish momentum has temporarily subsided, giving way to a phase of consolidation marked by low volatility. Despite this, the most likely scenario for Bitcoin appears to be a period of sideways movement followed by a temporary retracement towards the 100-day and 200-day moving averages (MAs). Technical Analysis By Shayan The Daily Chart The recent wave of intense...

The House Financial Services Committee has approved new legislation that’s set to create a regulatory framework in the United States for digital currency trading. New Crypto Legislation Heads for the U.S. The legislation was largely pushed by republicans, though six democrats – including representatives Jim Himes of Connecticut, Steven Horsford of Nevada, Wiley Nickel of North Carolina, and Brittany Pettersen of Colorado – joined them in their efforts to cement...

Tim Draper of Draper Associates recently took part in an interview in which he commented that bitcoin is likely to outdo all other digital currency assets, and that it will maintain its position at the top of the virtual food chain. Tim Draper: The Ever-Loving BTC Fanatic He commented: I think we are going to see bitcoin rise above the other cryptos. Having a bank and government decide on what currency is good is not as effective as having a bitcoin where there is...

Although Ripple scored a partial court victory against the SEC earlier this summer, the battle is far from over, as the agency has formally requested the right to appeal against the decision. The US securities regulator’s response comes after the deadline for Ripple to present its opposition passed on September 1. Recall arguably the most significant development in the crypto industry in July, when US Judge Analisa Torres ruled in favor of the blockchain company that most of...

Gideon Powell – the chief executive of Texas-based petroleum company Cholla Inc. – thinks bitcoin miners are revolutionary people that are bringing new levels of innovation to the U.S. Gideon Powell on What Makes BTC Miners Important In an interview, he said: Thinking about this from a capability standpoint, the ‘compute cowboys’ are unlocking new power markets for data centers and thinking about the future of industrial manufacturing. It’s all in its infancy....

The now bankrupt crypto exchange, which actually has intentions to restart operations at some point, reportedly wants to retrieve some of the money it paid to professional athletes and teams that used to promote it. Some of those names, according to Bloomberg, include Shaquille O’Neal and Naomi Osaka, but Tom Brady has not been mentioned. During its peak in 2021, FTX was on a roll, striking massive deals to acquire the naming rights of arenas, as well as being promoted by...

Bitcoin spiked to a multi-day high above $26,400 yesterday, but that was short-lived, and the asset has returned to a familiar sight at under $26,000. The altcoins are also slightly in the red today, with BNB, ADA, and SOL retracing by over 1%. BTC Fails at $26K Bitcoin’s price performance has been anything but impressive for the past 10 days or so, ever since it shot up by $2,000 and then dumped by almost $3,000 days later after Grayscale’s win over the SEC. The subsequent...

Coinbase Ventures has kicked off its initial round of investments from the Base Ecosystem Fund by selecting six projects. The specific investment amounts have not been disclosed. The Base Ecosystem Fund is essentially operated by Coinbase Ventures, the investment branch of the cryptocurrency exchange Coinbase, and is created to back early-stage projects that operate within its incubated Base network. According to the latest blog post, Base reported that its ecosystem fund has...