Crypto

The SEC’s Dilemma After a landmark court ruling in favor of Grayscale, the Securities and Exchange Commission (SEC) is now in a quandary. The agency must decide how to handle the influx of Bitcoin spot ETF applications. The SEC could either approve these applications or take a more drastic step: rescind prior approvals of Bitcoin […]

The New Role and Its Significance Ripple, the technology company behind the cryptocurrency XRP, is actively seeking to fill a new full-time position—Senior Specialist in Global Know Your Customer (KYC) Due Diligence. This role will be based in the United States and will be a part of Ripple’s Global Anti-Money Laundering & Sanctions Compliance team.

The Announcement and Its Implications Coinbase, the largest cryptocurrency exchange in the United States, has officially announced its plans to list PayPal’s newly launched stablecoin, PYUSD. The trading is set to commence on August 31, contingent upon liquidity conditions. According to Coinbase, the trading will begin “on or after 9 AM PT” and will be

The High-Stakes Gamble That Went South In a startling revelation, a cryptocurrency whale has reportedly lost a staggering $5.1 million due to ill-timed long positions on perpetual contracts. The losses were tracked by Lookonchain, a popular crypto market sleuth. The whale’s Ethereum holdings were liquidated when the market took a downturn. For instance, a single

The Grayscale Win and Bitcoin’s Brief Surge Bitcoin, the world’s most popular cryptocurrency, recently experienced a significant price surge, reaching a two-week high above $28,000. This uptick was largely attributed to Grayscale’s legal victory against the U.S. Securities and Exchange Commission (SEC). The court ordered the SEC to reconsider its decision to reject Grayscale’s application

The Clock is Ticking for Sam Bankman-Fried Sam Bankman-Fried (SBF), the former CEO of FTX, is currently in custody after his bail was revoked. He has been pleading for various accommodations, including more time to review the prosecution’s evidence. Judge Kaplan has now set a deadline for any requests concerning the postponement of the trial.

The Surge and Its Implications Ethereum, the world’s largest altcoin, recently experienced a significant price surge, breaking the $1,700 barrier. This comes after a tumultuous period in 2022, marked by market corrections and a sell-off in August that saw Ether’s price plummet to $1,580. Despite multiple failed attempts to break above $1,700, the cryptocurrency finally

A Sudden Departure Nick Garfield, the founder and CEO of Clockwork, a decentralized automation protocol built on the Solana blockchain, has announced that he and his team will be stepping away from the project. The decision comes a year after the project received seed funding from backers like Multicoin Capital and Asymmetric. The team plans

The Resurgence of Optimism Crypto markets experienced a significant surge, adding $65 billion in value, following a court ruling in favor of Grayscale against the Securities and Exchange Commission (SEC). The court’s decision allowed Grayscale to convert its GBTC fund into an ETF, effectively reversing the bearish sentiment that had plagued the market. Market analysts

A Strategic Acquisition Amid Market Uncertainty The 1inch Investment Fund’s crypto wallet has recently acquired 6,088 ETH at an average price of $1,655, totaling over $10 million. This move was highlighted by Lookonchain, a well-known blockchain analysis platform. The acquisition comes at a time when Ethereum has been experiencing a bearish trend, with its price