Tag Archives: AA News

Coinbase (COIN) fell 13% on Tuesday after the U.S. Securities and Exchange Commission (SEC) launched a major lawsuit against the firm for violating securities laws.  Yet the agency isn’t alone: Alabama’s securities regulator is also targeting Coinbase, specifically for its failure to register its staking product.  The Need for Registration In a separate filing on Tuesday, the Alabama Securities Commission (ASC) announced that it had issued a “Show Cause Order” against...

The US Securities and Exchange Commission has filed a lawsuit against Coinbase – in what seems to be the latest turn of events. The motion comes a day after the SEC also filed against Binance. The two cryptocurrency heavyweights are under some serious fire, but a closer look into the lawsuit against Coinbase reveals some interesting details. One of the more interesting findings (or the lack of) in the SEC’s lawsuit against Coinbase is the list of altcoins that they consider...

On Monday, the U.S. Securities and Exchange Commission (SEC) pressed a slew of charges against Binance, marking one of the agency’s most significant enforcement actions against the crypto industry in history.  Let’s have a look at the regulator’s most stunning allegations against the exchange, alongside Binance’s response to its claims.  What Did Binance Do? The 136-page filing accused Binance and Binance US of partaking in “unregistered offers and sales” of crypto asset...

The Metropolitan Museum of Art (the Met) has agreed to return the $550,000 donations it received from bankrupt crypto exchange FTX last year. The donations were made by West Realm Shires Services, an affiliated entity of FTX responsible for overseeing the operations of FTX.US, the American division of the company. The firm donated around $300,000 to the museum in March 2022 and another $250,000 in May before FTX encountered a liquidity crisis in November, leading to its...

Ethereum gas fees spiked to their highest level since 2022 following May’s memecoin comeback championed by the emergence of “Pepe the frog” themed altcoin, PEPE. This trend, however, appears to have slowed down amidst a waning interest in PEPE despite transforming several investors into overnight millionaires. According to new data by on-chain analytic firm IntoTheBlock, the total Ethereum transaction fees declined by more than 16% this week alone. Total Ethereum transaction...

An El Salvador-based Bitcoin firm has begun the first phase of a planned $1 billion investment into sustainably powered digital asset mining in the country. The firm behind the project, “Volcano Energy,” said in a press release that its chief goal is to “position El Salvador as a prominent global player in the Bitcoin mining industry.” A Special Anniversary Announcement Volcano Energy’s announcement comes exactly two years after El Salvador President Nayib Bukele revealed...

The U.S. Securities and Exchange Commission (SEC) has mysteriously removed former commissioner William Hinman’s biography from its website. This occurs only 8 days before the court requires the SEC to provide unredacted copies of all of Hinman’s emails – widely viewed as paramount to the agency’s lawsuit with crypto industry giant Ripple.  Are Hinman’s Emails the Smoking Gun? On the SEC’s site, Hinman’s biography now only includes his name, photo, and his previous role as the...

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Binance – the world’s largest crypto exchange – on Monday, alongside its CEO Changpeng Zhao (CZ) and partner firm, Binance US. Allegations include securities law violations such as self-dealing market manipulation, and the sale/offer of multiple unregistered securities.  According to a press release from the SEC on Monday, the agency alleged that both Binance and Binance US operated “unregistered...

PEPE coin whales have seen better days as the cryptocurrency loses another 9% in the past 24 hours. Some of the larger investors are calling it quits and are selling at a considerable loss. Data from the popular on-chain analytics resource Lookonchain revealed that at least two whales are realizing considerable losses. One of them is an address ending at 0x4614, which sold a total of 375.8 billion PEPE at a loss of $142,000 (worth some 76 ETH) today. Another whale sold around...

Bitcoin bull markets are typically categorized by tremendous price swings, and even though the direction is up, corrections also take place. During the last Bitcoin bull market that took place in 2021, the BTC price reached an all-time high just shy of $70K. It started the year trading at around $20K, exploded above $60K on a couple of different occasions, retraced by almost 50% toward the middle of the year, and shot up once again to almost touch $70K in November. Source:...