Markets

Coinbase CEO Brian Armstrong spoke at length on Wednesday about his initial reaction to the Securities and Exchange Commission (SEC)’s lawsuit against his exchange. The executive responded to SEC Chairman Gary Gensler’s claims about the market not needing more “digital currency,” and debated whether the SEC is acting in good faith.  An Avalanche of Currencies In an interview with CNBC’s Squawk Box, Armstrong argued that Gensler was in no position to be “picking and choosing”...

Cathie Wood’s Ark Investment Management has doubled down on its bullish stance on Coinbase, the largest cryptocurrency exchange in America. The investment management firm has purchased another pile of Coinbase (COIN) stock following a price dip caused by the recent SEC lawsuit against the exchange. Recall that the U.S. Securities and Exchange Commission (SEC) sued Coinbase on Tuesday, alleging that the firm failed to register as a national securities exchange, clearing...

Crypto market prices have tumbled significantly since the news began to make rounds. Altcoins like Solana (SOL), Cardano (ADA), Polygon (MATIC) and many other tokens face the possibility of being delisted from Robinhood Markets Inc (NASDAQ: HOOD), after the United States Securities and Exchange Commission (SEC) charged Binance and Coinbase Global inc (NASDAQ: COIN) for trading unregistered securities.  At present, Robinhood is taking another look at the digital assets offerings on its...

In the heat of SEC’s enforcement actions against Binance and Coinbase, a simple “Yes” by Jack Dorsey on Twitter elicited a flurry of comments. It all started when a Twitter user asked Dorsey if he thinks Ether is a security, to which he answered in the affirmative. Jack Dorsey’s Ether Rant A known Bitcoin supporter, Dorsey has pointed out dissatisfaction with Ether in the past as well. In the latest episode, the former Twitter CEO tweeted a screenshot of a 2015 post by...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Is the crypto winter of 2022 officially over? According to various analysts, the answer is “yes.” The Crypto Winter Is Done For The crypto winter of the previous year was one of the worst events on record for bitcoin and the digital currency arena. Prices of several assets fell like comets, and the industry...

While Binance saw the acquisition of Gopax as a means of re-entering South Korea, it was also meant to be a turning point for the local trading platform. The SEC’s lawsuit against Binance has started affecting the company’s operations, particularly its acquisition of Gopax in South Korea. The US Securities and Exchange Commission filed a case against Binance for violating securities law. According to the filing with the federal court in Washington, Binance mishandled investors and also...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Coin Flip – a leading crypto and fintech company famous for its wide branches of crypto-based ATMs – is launching a new platform called Olliv. The product is designed to be safe, inclusive, and self-custody-powered, ensuring everyone who invests or trades in crypto gains access to simple financial services like...

Bitcoin’s strong bounce back despite the SEC lawsuits has made analysts optimist about the beginning of the next bull run. After facing strong selling pressure earlier this week, the world’s largest cryptocurrency Bitcoin (BTC) has given a strong bounceback today moving closer to $27,000. As of press time, BTC is trading 3.2% up at a price of $26,603 and a market cap of $515 billion. The recent bounce back has created optimism among Bitcoin enthusiasts with analysts turning bullish on the...

Many crypto exchanges including Binance believe that the SEC’s requested relief will do more harm to investors than good.  The United States arm of the Binance exchange, Binance.US has responded to the lawsuit filed against it by the Securities and Exchange Commission (SEC). According to Binance.US, the lawsuit is without any basis and therefore, the exchange is ready to go to court to refute all of the unwarranted accusations. In light of facts, the law at the time, as well as the SEC’s...

Die US-Börsenaufsicht verklagt die beiden grossen Bitcoin-Börsen Coinbase und Binance. Neu sind Klagen gegen Bitcoin-Börsen nicht. Es gibt mittlerweile einige Bitcoin-Börsen, welche Kunden aus den USA ausschliessen. Dank der erneute Klage gegen Coinbase wird nun klar, was genau beanstandet wird. Die SEC will einige Assets einfrieren oder allenfalls gar beschlagnahmen: Coinbase soll in einigen Fällen unregistrierten Wertpapierhandel betrieben haben. Dabei wurden unter anderem die Assets...