SEC

The Ethereum network accomplished another unique feat by exhibiting an unprecedented surge in activity, with an astounding 1,089,893 unique wallets actively participating in the transfer of ETH. This remarkable milestone is now the second-highest recorded number of wallet interactions in Ethereum’s eight-year history. This surge in wallet activity has triggered intense speculation and analysis within […]

Brian Shroder, the Chief Executive Officer of Binance.US, has left the crypto trading platform. According to the company spokesperson, chief legal officer Norman Reed will serve as his interim replacement. Besides this departure, Binance.US is slashing one-third of its workforce — or 100 positions. The move comes as the company faces difficulties, including a lawsuit […]

Ark Investment Management, in collaboration with 21Shares, has submitted a new filing with the US Securities and Exchange Commission (SEC) for the first-ever spot Ether (ETH) exchange-traded fund (ETF) in the US, Bloomberg reported on September 6. The move comes after the regulatory authority delayed its decision on various BTC ETF applications, including one offered […]

The former Chair of the US Securities and Exchange Commission (SEC), Jay Clayton, said there is a high probability that the regulator will approve the launch of a spot Bitcoin ETF sooner or later. This follows a court ruling that favors the conversion of Greyscale’s Bitcoin Trust (GBTC) into a spot ETF. Recently, the agency […]

As Bitcoin’s rally gains focus, analysts contribute diverse optimistic forecasts for the primary cryptocurrency amid heightened attention. IntoTheBlock, a prominent analytics platform, has thrown its weight behind Bitcoin’s resurgence, citing Grayscale’s triumph over a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The next focal point on Bitcoin’s journey? Bitcoin is back in […]

On August 30, popular crypto tracking service Whale Alert spotted several XRP transactions totaling a staggering amount — nearly half a billion XRP. Ripple Labs was actively involved in the transfer of this huge crypto stash.  Whale Alert highlighted three XRP transactions, carrying 424,018,481 XRP, 31,000,000 XRP, and 27,600,000 XRP. Ripple Lab transfers 31 million […]

A three-judge panel of the District of Columbia Circuit handed Grayscale a major victory against the United States SEC in a lawsuit over the conversion of Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. Earlier, the financial regulator rejected the GBTC application, saying the product was not designed to prevent manipulative and fraudulent acts […]

Grayscale’s legal win over SEC led to Uniswap surge with increased Ethereum buying after the news spread. According to reports from LookOnChain, when the price of ETH increased by 4%, one whale purchased 8,000 ETH in a single transaction, paying them 13.6 million USDC. The price of $ETH jumped ~4%. And a whale spent 13.66M […]

U.S. actions are feared by influential crypto figures to deter cryptocurrency firms, hampering business and growth in the country. Prominent figures criticize President Biden’s new crypto tax reporting regulations. Crypto community expresses concerns over proposed tax rules by Biden administration. Furthermore, the Inte­rnal Revenue Se­rvice (IRS) proposed new rule­s on August 25 to catch cryptocurrency […]