Circle, a cryptocurrency financial services company, is launching a series of events called “StableSeptember” to promote the use of stablecoins. The first of these launches will take place on August 31, 2023.Stablecoins are digital assets that are pegged to a stable asset, such as the US dollar, and are designed to maintain a stable value. […]
Robinhood Wallet, the popular multi-chain, self-custody, Web3 wallet, has recently introduced new features to meet the demands of its growing user base. The wallet now supports Bitcoin (BTC) and Dogecoin (DOGE), allowing users to custody, send, and receive these cryptocurrencies. Additionally, the platform has enabled on-app swaps on the Ethereum (ETH) network, with select users […]
Coinbase and Circle have recently announced a new agreement, with Coinbase acquiring a minority stake in Circle. This agreement follows two years of split governance between the two companies. Circle has also announced plans to upgrade USDC’s technical capabilities in order to pave the way for present and future projects. On the 29th of August, […]
A federal court ruling this week has increased the likelihood of a Bitcoin (BTC) exchange-traded fund (ETF) launching by the end of the year. According to Bloomberg ETF experts James Seyffart and Eric Balchunas, there’s a 75% chance that a spot market BTC ETF will launch by the end of 2023 and a 95% chance […]
Grayscale CEO Michael Sonnhenshein spoke to CNBC’s Squawk Box on Wednesday to discuss the company’s recent victory in its lawsuit against the Securities and Exchange Commission (SEC). The court determined that the SEC was being “arbitrary and capricious” by denying Grayscale’s conversion into a Bitcoin spot ETF while approving Bitcoin futures ETFs.The SEC now has […]
Robinhood, a trading app company, has been identified as the owner of the fifth-largest Ethereum address, holding 1.5 million ETH ($2.54 billion). This address also holds $177 million of other ERC-20 tokens. Arkham Intelligence, a platform that previously identified Robinhood as the owner of the third-largest Bitcoin address, made the announcement on Aug. 30. The […]
A U.S. District judge has dismissed a class action lawsuit against Uniswap Labs and its backers for allegedly abetting token scams. The judge concluded that current law does not provide a legal avenue for enforcing financial liability.The lawsuit was filed by a group of investors who claimed that Uniswap Labs and its backers had aided […]
A US court has dismissed a class action lawsuit against Uniswap, a crypto platform. The suit alleged that users lost money in scam tokens on the platform, but the judge ruled that the software provider cannot be held liable for crimes committed by third parties.Judge Katherine Polk Failla of the US District Court for the […]
Grayscale, a crypto investment manager, has won a significant victory over the Securities and Exchange Commission (SEC) in the United States Court of Appeals for the District of Columbia Circuit. The court revoked the SEC’s order to turn the Grayscale Bitcoin Trust (GBTC) into a Bitcoin Spot ETF.Crypto stakeholders had predicted Grayscale’s victory before it […]
Ripple’s legal team, including the Chief Legal Officer, CEO, and other experts, have voiced their skepticism about the SEC’s uniformity and regulatory clarity in the cryptocurrency space. This follows Grayscale Investments’ success in their legal battle against the U.S. Securities and Exchange Commission (SEC).John Deaton, a prominent lawyer supporting XRP, mockingly commented on the SEC […]
