Coinbase’s Chief Legal Officer, Paul Grewal, is optimistic about the approval of a Spot Bitcoin Exchange Traded Fund (ETF) by the United States Securities and Exchange Commission (SEC). In an interview with CNBC, Grewal expressed confidence that the SEC will approve Bitcoin ETF applications because they should be granted under the law. He believes that […]
The U.S. Securities and Exchange Commission (SEC) has dropped its aiding and abetting charges against Ripple’s top executives, CEO Brad Garlinghouse and co-founder Chris Larsen. The charges were related to the SEC’s lawsuit from 2020, which alleged that Ripple issued XRP as an unregistered security. However, the courts recently ruled that the firm’s sales of […]
LBRY Inc., a cryptocurrency platform, has announced its closure following a legal battle with the Securities and Exchange Commission (SEC). The SEC charged LBRY with conducting an unregistered securities offering by selling its native LBC tokens. This case has raised concerns about unequal access to justice and regulatory overreach in the crypto industry, particularly for […]
Security researcher and developer Antoine Riard has announced his departure from the Lightning Network’s development due to security concerns and fundamental challenges to the Bitcoin ecosystem. Riard believes that the Bitcoin community is facing a difficult situation as a new type of attack, known as a replacement cycling attack, poses a significant threat to the […]
Coinbase, a leading cryptocurrency exchange, has chosen Ireland as its hub for the European Union’s Markets in Crypto-Assets (MiCA) regulation. This decision will allow Coinbase to utilize its existing infrastructure and drive growth across all 27 member countries of the EU. By establishing a presence in Ireland, Coinbase aims to take advantage of the country’s […]
The Financial Crimes Enforcement Network (FinCEN), an agency at the U.S. Department of the Treasury, has issued an alert urging financial institutions to actively combat potential funding sources for Hamas. The agency highlights that Hamas, the Palestinian Islamist group, funded its recent attack on Israel through an illicit financial network involving both fiat and cryptocurrency […]
The blockchain company LBRY Inc. has announced its decision to shut down due to mounting debts and conflicts with the Securities and Exchange Commission (SEC). This news has had a significant impact on the cryptocurrency industry, as LBRY has been a leading player in the sector. However, LBRY’s open-source blockchain platform, Odysee, will continue to […]
The potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States is generating excitement among investors, as reflected in the surge of Google searches for this innovative financial instrument. The increased interest from the general public and retail investors highlights the growing anticipation surrounding the potential launch of a spot Bitcoin ETF […]
Binance, the leading global cryptocurrency exchange, has announced that it will be shutting down its crypto-powered Visa debit card services in the European Economic Area (EEA) in December. The closure of the card does not affect customer accounts, and Binance is encouraging European customers to transition to its crypto payment technology, Binance Pay. The card […]
FTX’s former general counsel, Can Sun, has testified in court about the events surrounding the wave of withdrawals in November 2022. He revealed that founder Sam Bankman-Fried asked him to come up with “legal justifications” for the missing billions in customer deposits. This revelation complicates Bankman-Fried’s defense that he believed the appropriation of funds in […]
