US SEC CRYPTO CRACKDOWN
Crypto Price Today: Bitcoin slips below psychological $60,000 mark. Etherium, Solana, others down by up to 9%. Here’s why
Bitcoin plunges below $60,000, causing panic among investors as altcoins follow suit. Mt. Gox repayment, government sell-offs, and a massive whale dump contribute to the market chaos
Banks told to stay vigilant amid intel on cyberattack threat
Apart from continuously checking network activities and server logs to detect malicious intrusions, banks will have to monitor critical payment systems such as SWIFT (the messaging system to confirm cross-border fund transfers), card network (which facilitates card payments), the online local fund transfer frameworks RTGS, NEFT and UPI, the real-time payment system.
Crypto firm Abra reaches settlement with US states for operating without licences
Last year, Abra agreed to discontinue accepting cryptocurrency from its US Abra Trade account customers for use in its products and services, according to a statement from the Conference of State Bank Supervisors (CSBS). Abra announced last year that it would wind down operations for its US retail customers, following multiple enforcement actions from state securities regulators.
Crypto money is poised to sway US polls
Cryptocurrency executive Ryan Selkis, from Messari, spoke at an event celebrating Trump's NFTs, emphasizing the political influence of the 50 million U.S. crypto holders.
Bitcoin rally and ‘short memories’ reignite everything in crypto
Bitcoin's rally is reviving animal spirits in the financial world, with a surge in deal flow and investments. The crypto market sees a return of bull market hallmarks, including celebrity endorsements and new tokens creation at a rapid pace.
US Election crypto voters are increasing, discover top Altcoins to accumulate before a huge surge
Crypto enthusiasts are optimistic about the upcoming US elections, with top altcoins like Ripple, Shiba Inu, Pepe, and Polygon gaining attention. KangaMoon, a promising meme coin dominating the market, is set to rise with a presale exceeding $7.7 million.
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Timing for US ether ETF launches depends on how fast issuers can move, SEC chair says
The SEC still has to approve the ETF issuers' registration statements detailing investor disclosures before they can start trading. That process usually involves a lot of back and forth between the ETF issuers and SEC officials.
Timing for US ether ETF launches depends on how fast issuers can move, SEC chair says
SEC Chair Gensler highlighted the similarity between the correlations of ethereum futures and bitcoin futures, influencing the approval of spot bitcoin ETFs in January.
Ethereum ETFs: Why it is a game-changer for mainstream crypto adoption
Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.
Cryptocurrencies: Misunderstood in a hurry, 99.99% are speculative, but understanding 0.01% is worth the effort to find a new FANG
According to rough estimates, as on date there are more than 10,000 crypto currencies which are available for trading. Do you know that there is nothing which stops you from launching another crypto currency. So there is a dichotomy in the world of crypto currencies. On one side there is “ bitcoin” whose biggest selling point is that it has limited supply, but on the other hand there can be unlimited supply of crypto currencies. So, which part of the story should you believe? There is another divergence, when you dig a bit deeper, yes, 99.99% are speculative or probably not even worth having a look at. But another 0.01% are not. Just because they have been clubbed together in the generic basket called “ crypto currencies” they are also being treated as speculative. In reality they are technology platforms which are solving a problem which traditional tech companies have not been able to solve because of multiple reasons. So, rather than painting them same brush, it is time to understand them because the fact is crypto are here to stay
Long-term investment in Bitcoin remains promising despite market volatility, says Kumar Gaurav of Cashaa
Kumar Gaurav, Founder and CEO of Cashaa, discussed the impact of factors like escalating crude oil prices and potential interest rate changes by the Federal Reserve on Bitcoin and speculative assets in an interview with ETMarkets. Gaurav says: "We are launching our earn, borrow, spend and store wallets in seven regions including Europe, UAE, India, Turkey, Indonesia, South Africa and Kenya as the first phase of our new direct-to-consumer business model."
Bitcoin slips below $67.2k; Ethereum falls over 4% despite approval of spot Ether ETFs in US
Cryptocurrency markets, including Bitcoin and Ethereum, were trading lower on Friday due to profit-taking. BTC fell to $67,143, while Ethereum declined to $3,655. Edul Patel from Mudrex commented on the market movements.
Hong Kong mulls nod for Ether ETF staking in contrast to US
The talks are ongoing and there's no clear timeline for a decision, the people added, asking to not be identified discussing private information. A spokesperson for the SFC didn't immediately respond to a request for comment.
US House passes crypto bill despite warnings from SEC
The House approval comes as the U.S. Securities and Exchange Commission (SEC) signals that it will likely approve applications for spot ether exchange-trade funds in a surprising boost to the industry.
WisdomTree to list crypto products on London Stock Exchange
Britain's financial regulator has approved WisdomTree's bid to list exchange-traded products (ETPs) backed by cryptocurrencies bitcoin and ether on the London Stock Exchange, the asset manager said on Wednesday ahead of an expected launch this month.
Bitcoin Pizza Day today: Mudrex CEO Edul Patel explains the significance
Mudrex celebrates Bitcoin Pizza Day in Bengaluru by distributing pizzas to children, startups, and food lovers, partnering with WeWorks and Zomato. Edul Patel shares insights on Bitcoin's journey from the first real-world transaction in 2010 to current regulatory trends, including SEBI's stance.
Ethereum skyrockets 22% amid speculation of ether ETFs approval
This upward movement propelled Ethereum's market cap to $453.2 billion. The surge in the cryptocurrency comes amid speculation about the outcome of applications for US spot exchange-traded funds tracking the world's second-biggest cryptocurrency. The rise can also be attributed to rumours suggesting that the Securities and Futures Commission could approve these products. Over the past seven days, Ethereum has experienced a significant increase in value, rising by 32%.
Cryptocurrency Price on May 21: Bitcoin jumps above $71k amid inflows in spot BTC ETFs; Ethereum, Avalanche rally up to 19%
During Tuesday's trading session, Bitcoin saw a significant surge of over 6%, reaching $71,178. This surge was driven by increased buying activity and renewed capital inflows into spot BTC ETFs.
Dollar steady; ether fuels crypto rally
Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
Cryptocurrency Price on May 17: Bitcoin above $66.2K; Chainlink, Polkadot rise up to 15%
The collaboration between DTCC in the US, along with Chainlink and major US banks, completed a successful pilot to expedite the tokenization of funds. Parth Chaturvedi, of CoinSwitch, said this partnership marks a significant step towards blockchain technology in traditional asset management.
Grayscale's application for ethereum futures ETF withdrawn
Crypto asset manager Grayscale Investments' proposal for an exchange-traded fund tied to ether futures was withdrawn last week, according to a Tuesday notice from the U.S. Securities and Exchange Commission.
Robinhood's crypto business drives massive earnings beat
Online brokerage Robinhood Markets beat estimates for first-quarter profit on Wednesday, thanks to robust crypto trading volumes and rate hikes that boosted its net interest revenue.
Cryptocurrency Price on May 7: Bitcoin falls below $63,700; Shiba Inu, Dogecoin tank 5%
As of 12:14 p.m., Bitcoin was trading 1% lower at $63,649, while Ethereum experienced a 3.5% drop to $3,068. Additionally, altcoins like BNB (-1.1%), Dogecoin (-4.9%), Toncoin (2.6%), Cardano (3.3%), Avalanche (-3.1%), and Shiba Inu (-5.2%) followed suit in the downward trend.
Robinhood Crypto gets Wells notice from US SEC
The company said it received a so-called "Wells notice," which the SEC issues when it is planning to bring enforcement action against them. Such notices do not necessarily mean the company has engaged in wrongdoing.
US SEC expected to deny spot ether ETFs next month, industry sources say
VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively.
Will Ethereum's classification as a security disrupt Web3 innovation?
The potential security classification of Ethereum by the SEC poses challenges for Web3 innovation. Regulatory uncertainties, including the impact on dApps and decentralization, could shape the future of the crypto space and influence global blockchain regulations.
Binance to end support for USDC stablecoin on Tron blockchain network
Binance stops USDC transactions via Tron blockchain, Circle halts USDC creation. Lawsuit against Justin Sun. USDC, $32.1B circulation, 8th largest crypto. Tron associated with transfers linked to terror groups.
Bankrupt crypto lender Genesis to pay $21 million to settle SEC charges
The deal resolves January 2023 charges the SEC filed against Genesis and Gemini Trust Company LLC over their joint crypto lending program. It was one of a spate of enforcement actions the SEC has taken against large firms in the crypto sector.
Ethereum ETFs: The next big push for Bull Run
The recent launch of Bitcoin ETFs has sparked a resurgence in the crypto market, attracting a wave of new investors and igniting a surge in trading activity.
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