The Blockchain Association and the Texas-based Crypto Freedom Alliance (CFAT) are two notable organizations in the cryptocurrency sector who have recently filed a legal challenge against the US Securities and Exchange Commission (SEC). This action was taken in response to a new SEC rule broadening the scope of what constitutes a “dealer” in securities. In … Read more
After years of anticipation, Block Inc. (previously known as Square) has successfully developed its Bitcoin mining chip. Under the leadership of CEO Jack Dorsey, who has advocated for a more transparent and distributed Bitcoin system since 2021, the company has brought this project to fruition. Block Inc Completes Bitcoin Mining Chip Development Based on Bloomberg’s … Read more
Crypto.com, a well-known cryptocurrency trading platform, has delayed the launch of its retail services in South Korea, which was initially planned for April 29th. Six days prior to the scheduled launch, the company made a strategic move based on the necessity of further engaging with local regulators for more thorough approval processes, as indicated in … Read more
The FTC (Federal Trade Commission) has issued a final rule aimed at upholding workers’ right to change jobs, boost innovation, and foster the growth of new companies by banning non-compete agreements nationwide. FTC Bans Noncompete Agreements The FTC has made it illegal for employers to enforce non-compete agreements across the country. A non-compete agreement is … Read more
XRP has been making an effort to break past the resistance at $0.57, but hasn’t managed to do so yet. There was a strong surge in price, rising by approximately 16% from its recent low. It aimed to reach the 200-day moving average, but the current demand failed to carry it through. Despite briefly surpassing … Read more
If Dogecoin reaches a point where a substantial amount of coins are set to become profitable for their owners, it’s possible that we could witness a swift sale of coins, which in turn might cause the price to drop. It’s not uncommon for investors to sell when they have the opportunity to realize gains. 10 … Read more
In the first quarter of this year, Tesla, which is a well-known electric car producer, didn’t offload any Bitcoins from its substantial reserves. Bitcoin ATH Pushed Tesla’s Profit Margin The front-runner among automobile companies now owns around 9,720 Bitcoins, obtained by selling off half of its earlier holdings in 2022. This Bitcoin collection is estimated … Read more
The SEC has delayed making a decision on Grayscale’s request to launch a Ethereum spot ETF. The review timeline has been extended to June 23rd. This decision signifies yet another delay in the approval of cryptocurrency-backed ETFs in the United States. In October, Grayscale submitted a grayscale application Form 19b-4 to NYSE Arca for the … Read more
In an important update to the ongoing dispute between the US Securities and Exchange Commission (SEC) and Terraform Labs, a jury has determined that both the blockchain platform and its co-founder Do Kwon are responsible for civil deceit regarding the collapse of the Terra system in 2022. The SEC has asked the court for a … Read more
The SEC in the United States has asked for public feedback regarding the latest modifications to BlackRock’s proposed Ethereum ETF, following Nasdaq’s resubmitted plan on April 19 to meet regulatory requirements. An ETF named iShares Ethereum Trust by BlackRock is being developed to mirror Ethereum’s price movement, with the proposal submitted as early as November … Read more