Tag Archives: News

Coinbase contends the SEC’s interpretation of what constitutes a security is dangerously broad and insupportable. In the exchange’s view, only assets conferring explicit financial rights or a stake in a business should be considered securities. The popular crypto exchange Coinbase Global Inc (NASDAQ: COIN) is locked in a major legal battle with the Securities and Exchange Commission (SEC) that could have far-reaching consequences for digital asset regulation. The central challenge is...

A DTCC spokesperson confirmed that the IBTC ticker for the BlackRock iShares Bitcoin ETF has appeared since August through a unique ID code called CUSIP. Bitcoin has made a strong move moving to $35,000 earlier this week and clocking more than 20% gains on the weekly chart. This typically happened as the BlackRock iShares Bitcoin ETF ticker IBTC surfaced on the Depository Trust and Clearing Corporation’s (DTCC) website. Interestingly, one spokesperson from DTCC recently confirmed with...

Visa stock is up by about 23% over the past 12 months and only slightly down from July 2021’s all-time high of $252.67. Visa Inc (NYSE: V) stock rose 1.35% in Tuesday’s regular session following the release of the company’s earnings results for its fiscal Q4 2023 on Tuesday. The shares rose to $234.65, trading between the 50-day and 200-day lines. The payments giant’s earnings results late Tuesday exceeded analyst predictions for the quarter as transaction volume increased due to an...

While HKVAEX aims to secure a license under the SFC for virtual asset trading, Binance has remained reticent about its own licensing pursuits in Hong Kong despite acknowledging the region’s growing prominence within the global crypto market. Binance, the world’s largest cryptocurrency exchange, has allegedly opened up a new digital asset trading platform in Hong Kong to bring its product offerings to customers in the region. According to a South China Morning Post report citing three...

Snap’s GAAP net loss in Q3 2023 increased by 2% year-on-year to $368 million or 23 cents per share. Snapchat parent company Snap Inc (NYSE: SNAP) shares fell flat after surging as much as 20% in after-hours trading as the news that some advertisers had suspended ad spending following the start of the war in the Middle East reached investors. At the time of writing, SNAP stock is at around 1.2% up in the pre-market. According to this CNBC report, the company revealed that it has “observed...

BlockFi revealed that it has emerged from bankruptcy court, having received approval for its reorganization plan from all relevant stakeholders. Nearly 11 months after it first declared bankruptcy, the crypto lender BlockFi has now officially begun the process of winding down its operations. In line with this, the company has asked its wallet users to tender their withdrawal requests on its website to claim their funds. However, there is a December 31 deadline for the requests. In the...

The Crypto Sector Index Series will include several indices tracking the prices of a bucket of different digital assets based on their use cases.  The world’s largest digital assets manager Grayscale Investments continues to take steps in order to expand its footprint in the market. Also, the latest report shows that Grayscale is venturing into the crypto indices business in partnership with the London-based indices provider FTSE Russell, a London Stock Exchange subsidiary. Grayscale and...

Solana price started a steady increase above the $25.00 resistance against the US Dollar. The price is now trading above $28.50 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $30.40 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $32.00 and $32.80 to continue higher in the near term. Solana price is trading in a positive zone above $28.50 against the US Dollar, like...

Bitcoin price started a strong increase above the $32,500 zone against the US Dollar. The price is now trading above $33,000 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $31,950 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $30,000 support zone. Bitcoin price is showing positive signs above $33,500 against the US Dollar. BTC might...

Meanwhile, CoinMarketCap recently announced its entry into the Artificial Intelligence (AI) industry with the release of a ChatGPT plugin. ChainGPT, the innovative AI infrastructure network designed for Web3, has unveiled a groundbreaking partnership with CoinMarketCap to introduce an enticing $50,000 airdrop of $CGPT tokens to crypto enthusiasts. The ChainGPT Airdrop Mechanics ChainGPT highlighted in a press release shared with Coinspeaker that the airdrop initiative aims to empower up to...