The First District Court of Appeals in Florida recently made headlines by nullifying an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US. This decision came after Florida’s regulator had banned Binance.US from serving its residents earlier this year, citing “immediate danger” to the public. One of the main reasons for
Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), has recently expressed his strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act. Despite the widespread celebration of this bill within the crypto industry for providing regulatory clarity, Gensler has raised concerns regarding its potential negative impact on
US Securities and Exchange Commission (SEC) Chair Gary Gensler’s recent statement criticizing the Financial Innovation and Technology for the 21st Century Act (FIT21) raises some important points, but falls short in its analysis. Gensler argues that the bill would create new regulatory gaps and put investors at risk by allowing crypto operators to self-certify their
Bitcoin whales, the large investors with significant holdings of BTC, have been making waves in the cryptocurrency market by taking advantage of every dip in the price to acquire more tokens. Thomas Fahrer, co-founder of Bitcoin-based company Apollo, recently made a startling revelation about the buying behavior of these whales during price drawdowns. While smaller
Uniswap Labs, known for its decentralized trading platform, is currently embroiled in a legal battle with the Securities and Exchange Commission (SEC) over the classification of crypto tokens as securities. The New York-based firm has vehemently denied operating as an unregistered exchange and broker-dealer. Despite the SEC’s issuance of a Wells Notice indicating a potential
In the midst of the presidential election, the cryptocurrency market is abuzz with the rise of Donald Trump-themed tokens. One such token that has recently gained significant momentum is a Solana meme coin known as ‘Super Trump’. This meme coin has rapidly climbed to the top of the meme coin markets, attracting attention from investors
Uniswap Labs recently made headlines with its strong response to the SEC’s Wells notice, challenging the agency’s attempt to regulate decentralized finance (DeFi) and asserting its confidence in the legality of its operations. The company’s defiant stance has sparked a broader discussion about the future of financial technology and market regulation, raising important questions about
Institutional investors have been showing a growing interest in Bitcoin recently, with investment funds related to the cryptocurrency experiencing significant inflows. CoinShares’ latest weekly report revealed that Bitcoin investment products received a net inflow of $942 million. This surge in investment is seen as a bullish signal that could potentially lead to a Bitcoin rally
Blockchain gaming platform, Gala Games, recently fell victim to a significant security breach that resulted in the unauthorized sale of 600 million GALA tokens valued at $23 million. This breach, attributed to inadequate internal controls according to CEO Eric Schiermeyer, occurred when a hacker gained access to a Gala Games admin address and minted 5
Recently, Ethereum experienced a significant price surge, rallying over 20% amid hopes of an ETH ETF approval by the SEC. This surge in price led to ETH breaking through several key resistance levels, including the $3,500 zone. Following the breakout, Ethereum’s price is currently trading above $3,600 and is supported by the 100-hourly Simple Moving