15:46 Litecoin Price Pumps to Over $6 Billion Market Cap - Analysts Tip This Utility Coin for Gains Next
09:36 On-chain report: Where are funds moving after SEC sues Coinbase? Ether outpacing Bitcoin withdrawals
23:32 Coinbase CEO Brian Armstrong Says He Was Met With an “Icy Reception” When Chatting With SEC’s Gensler
Security or not, Ethereum price looks poised to hold the $1.8K level based on 3 key metrics Ethereum could eventually fall afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level. Market Analysis Join us on social networks Ether’s (ETH) price retested $1,780 after the news of the U.S. Securities and Exchange Commission suing cryptocurrency exchanges Binance and Coinbase but it’s not […]
Today in Crypto: US Court Orders SEC to Respond to Coinbase's Rulemaking Petition Within 7 Days, Circle Gets Its Singapore MPI Licence, Cathie Woods Uses Drop in Coinbase Stock Price to Stock Up Source: AdobeStock / rarrarorro Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Legal news The United States Court of Appeals for the Third Circuit ordered the US Securities and Exchange Exchange (SEC) to clarify its position on a rulemaking petition from […]
Best Crypto to Buy Now 6 June – Bitget, Quant, Kava Coinbase, one of the leading cryptocurrency exchanges globally, faces a lawsuit from US regulators, hot on the heels of similar legal action against Binance, another industry heavyweight. The Securities and Exchange Commission (SEC) accused Coinbase of operating illegally without prior registration, a mandatory requirement for securities trading firms in the US. Considering this recent macroeconomic […]
Coinbase stock plunges 20% on SEC lawsuit The cryptocurrency exchange faces scrutiny from state regulators simultaneous to the SEC litigation. News Join us on social networks The stock of cryptocurrency exchange Coinbase plunged more than 20% at the open on June 6. At the time of publication, shares have pared some losses and are currently trading at $50.14, compared to an intra-day low […]
SEC Chair Gary Gensler Calls for Crypto Firms To Register Following Binance, Coinbase Charges Source: Securities and Exchange Commission website Conversations with crypto firms have been constructive, but they also need to be compliant with securities laws, said US Securities and Exchange Commission Chair Gary Gensler. Gensler spoke to CNBC Squawk Box on Tuesday morning, a mere hour or so after the agency announced charges against the largest US […]
Breaking: Coinbase targeted by state security regulators concurrent to SEC lawsuit The SEC is suing the cryptocurrency exchange for alleged unregistered securities offerings. Breaking news Join us on social networks According to a statement published by the Alabama Securities Commission on June 6, a multi-state task force comprising of state regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Caroline, Vermont, Washington, and Wisconsin have […]
Kraken probing funding Gateways amid deposit and withdrawal delays Kraken recently suffered operational delays due to technical issues with crypto funding gateways. The exchange was however able to quickly resolve the problem although the exact cause hasn’t been disclosed. The delays caused panic since they came at a time when crypto exchanges in the US are under scrutiny by the SEC. Kraken crypto exchange […]
Coinbase COIN Stock Drops 10% Following SEC's Lawsuit Against Binance Source: AdobeStock / gguy Shares of major US-based cryptocurrency exchange Coinbase plunged 10% after the US Securities and Exchange Commission annouuced charges against Binance and its founder Changpeng Zhao. Coinbase stock ended the last trading day on Monday trading at $58.71, down by 9.05%, according to data by Yahoo Finance. The sharp drop came after the SEC […]
The SEC strikes again: First Binance, now Coinbase Key takeaways SEC sues Coinbase for acting as an unregistered broker The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, one of the leading crypto exchanges in the world. This latest cryptocurrency news comes barely 24 hours after the SEC slapped a lawsuit against rival exchange Binance. https://twitter.com/News_Of_Alpha/status/1666055053625401344 SEC filed the […]
Breaking: Coinbase Sued by SEC Just a Day After Binance Lawsuit – Which Firm is Next? Coinbase CEO Brian Armstrong, Source: Coinbase The US Securities and Exchange Commission threw a one-two punch to cryptocurrency exchanges this week, charging yet another exchange, Coinbase, Inc., on Tuesday. The regulator said that Coinbase was operating its platform and was not registered in the capacity of an exchange, broker or clearing agency, according to a […]
SEC sues Coinbase in NY federal court for offering unregistered securities The SEC lawsuit alleges that Coinbase operates as an unregistered securities exchange, broker and clearing agency. Breaking news Join us on social networks The United States Securities and Exchange Commission has filed a lawsuit against New York-based crypto exchange Coinbase for offering unregistered securities. The SEC lawsuit alleged that Coinbase has never registered as a broker, national […]
Coinbase: AI and Crypto Merging Represents a Major Opportunity Source: Adobe Coinbase has released a research report stating that the intersection of artificial intelligence and blockchain represents a major opportunity for entrepreneurs. In a Thursday report, the largest US-based cryptocurrency exchange highlighted the benefits of combining both techs to create new solutions for societal challenges presented by AI. “As applications within AI and blockchain mature, […]
Draft Legislation From House Republicans Drums Up Support From Crypto Advocates New draft legislation is drumming up support among cryptocurrency advocates who cheered its focus on defining what constitutes a security versus a commodity. Republican lawmakers teamed up on Friday in the US House Financial Services Committee and the House Agriculture Committee on a discussion draft to regulate digital assets. The legislation seeks clarity on when […]
Binance Experiences Market Share Decline Post Regulatory Clampdown Source: AdobeStock / Iryna Budanova Binance has seen its market share shrink by 25% over the last three months amid increased regulatory pressure from US regulators. The world's largest cryptocurrency exchange accounted for 57.5% of the average monthly volume of all crypto trades in February, but its market share has now dropped to 43%, the […]
Coinbase CEO Criticizes US Lawmakers, Regulators Over Regulatory Approach, Warns of Upcoming Innovation in China
Coinbase Asks the Court To Step In To Get Answers on Its Rulemaking Petition Source: Adobe Cryptocurrency exchange Coinbase called on a court to issue a “writ of mandamus” telling the US Securities and Exchange Commission to respond to its rulemaking petition within seven days. A mandamus “is warranted because the SEC has made up its mind to deny Coinbase’s petition,” the exchange said in a court filing on […]
Binance provider in Brazil gets payment institution approval Binance's partner Latam Gateway has been granted a license to operate as a payment institution and electronic money issuer in Brazil. News Join us on social networks Latam Gateway, the payment provider for Binance in Brazil, has been granted a license by the country's central bank to operate as a payment institution and electronic money […]
Berenberg Investment Firm Analyst Sees MicroStrategy as Safer Bet than Coinbase Due to SEC Risk Source: AdobeStock / photo_gonzo An analyst at Berenberg investment firm believes MicroStrategy is now a safer bet compared to Coinbase due to the exchange's regulatory issues. Mark Palmer, an equity research analyst at Berenberg Capital Markets, said the US Securities and Exchange Commission will likely file an enforcement action against Coinbase as the commission increases its scrutiny […]
Today in Crypto: BlockFi to Liquidate Platform as Selling It Wouldn’t Generate Enough Value, Justin Sun Fires a Round of Accusations at Huobi Founder’s Brother, Digital Yuan Enters Vietnam Border Region
SEC to Judge: Deny Coinbase's Call for Cryptocurrency Rule Explanation Source: AdobeStock / Andriy Blokhin The US Securities and Exchange Commission has asked a judge to reject Coinbase’s request to compel the commission to respond to a rule-making petition that asked for clearer crypto regulation guidelines. In a court filing Monday, the SEC said it is not mandated to meet the requirements outlined by Coinbase outlined in […]
SEC seeks denial of Coinbase petition for imminent crypto rules Coinbase’s chief legal officer Paul Grewal expressed his concerns over the SEC's response, asserting that they will happily continue overseeing the sector via regulation as enforcement. News Join us on social networks The U.S. The Securities Exchange Commission (SEC) has finally given a formal response in court in relation to Coinbase’s petition for clear crypto […]
US Crypto Firms Migrate to Bermuda Amid Regulatory Concerns Source: AdobeStock / gustavofrazao Crypto companies are increasingly turning away from the US in search of clear digital asset regulations, and some of the major companies are finding a home in Bermuda. Still, some experts warn that this may be a short-term solution as the issues in the land of the free are not getting […]
