Coinbase, one of the leading cryptocurrency exchanges in the US, has accused the Securities and Exchange Commission (SEC) of overstepping its authority. In a court filing, Coinbase argued that the SEC’s classification of crypto assets as securities goes beyond its jurisdiction. The exchange also claimed that the regulatory body is attempting to redefine the criteria […]
Maestrobots, a group of cryptocurrency bots on the Telegram messenger, has refunded users who were affected by an attack that resulted in the loss of 280 Ether (ETH), equivalent to $1,781. The Maestro team announced on X (formerly Twitter) that they have covered all user losses by paying a total of 610 ETH from their […]
The Central Bank of Spain has joined other European banking institutions in promoting the benefits of the “digital euro.” In a recent publication, the Bank of Spain explained the potential uses of the European Union’s central bank digital currency (CBDC). The bank argues that physical cash limits the advantages of digitalization in the economy and […]
Binance, the world’s largest cryptocurrency exchange, is reportedly supporting HKVAEX, a Hong Kong-based cryptocurrency trading platform, in its efforts to obtain a local crypto license. HKVAEX, which was established as a separate entity in December 2022, is said to be sharing resources with Binance. However, HKVAEX claims to be an independent platform with its own […]
The United States Internal Revenue Service (IRS) has extended the comment period for proposed crypto tax reporting rules. The public consultation will now last until November 13th. The proposed regulations, titled “Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions,” aim to streamline tax submissions and […]
The cryptocurrency exchange Coinbase has argued that the Securities and Exchange Commission (SEC) exceeded its authority by classifying the cryptocurrencies listed on its platform as securities. In a recent court filing, Coinbase criticized the SEC’s definition of securities, stating that it was too broad and that the cryptocurrencies listed on the exchange should not fall […]
The BlackRock spot Bitcoin exchange-traded fund (ETF), IBTC, briefly disappeared from the Depository Trust and Clearing Corporation’s (DTCC) website, causing a surge in Bitcoin’s price. The sudden reappearance of IBTC on the website led to speculation about a potential spot ETF approval, resulting in frenzied market activity. However, when the ticker disappeared again, Bitcoin’s price […]
Crypto exchange Coinbase is seeking to have a lawsuit filed by the Securities and Exchange Commission (SEC) dismissed. The SEC has accused Coinbase of operating unregistered securities exchanges by facilitating the trading of digital tokens. Coinbase argues that the tokens traded on its platform are not securities and therefore fall outside the SEC’s jurisdiction. The […]
The latest episode of ETF Prime features discussions on various ETF topics, including spot bitcoin ETFs. Host Nate Geraci speaks with Todd Rosenbluth from VettaFi and James Seyffart from Bloomberg to get their insights.Rosenbluth shares his thoughts on spot bitcoin ETFs, stating that he believes a release of such a product will happen in early […]
BlockFi, a crypto lender, has announced that it has emerged from bankruptcy and is now ready to recover assets and repay creditors. The company had filed for bankruptcy protection in November 2022 due to the plummeting crypto prices and insolvencies in the industry. However, with the approval of its restructuring plan by a New Jersey […]
