In an unfolding legal battle against two major cryptocurrency exchanges, Coinbase and Binance, the United States Securities and Exchange Commission (SEC) has declared various tokens as securities. These tokens include SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO in the case against Coinbase. For Binance, the list features SOL, […]

The New Jersey Bureau of Securities has issued a Summary Cease and Desist Order against leading cryptocurrency exchange Coinbase, Inc. for allegedly offering unregistered securities tied to its cryptocurrency staking services. The Bureau has further levied a hefty penalty of $5 million against Coinbase. This action was led by the New Jersey Office of the […]

Following the U.S. Securities and Exchange Commission’s (SEC) charges against popular cryptocurrency exchanges Binance and Coinbase, Messari founder Ryan Selkis has launched a new advocacy group named @DFA2024. The group aims to counter the “relentless fear, uncertainty, and doubt (FUD)” concerning the cryptocurrency industry. Selkis used his personal Twitter account to publicly announce the organization’s […]

Rostin Behnam, the Chairman of the Commodity Futures Trading Commission (CFTC), recently urged the U.S. House Committee on Agriculture to take legislative action to regulate the digital commodity market. Testifying at the Committee’s “Future of Digital Assets” hearing, he expressed the need to protect customers and ensure market resilience and stability in the face of […]

In a recent report, investment management firm VanEck predicts that the Ethereum (ETH) token price could surge to $11,800 by 2030. The forecast is grounded on the revised valuation model estimating that Ethereum’s network revenues will significantly rise from the current $2.6 billion annually to $51 billion by the end of this decade, assuming Ethereum […]

In the latest court filing by the US Securities and Exchange Commission (SEC) against Binance, the Switzerland-registered crypto-asset trading company, Sigma Chain, is under scrutiny. The filing alleges that Changpeng Zhao (CZ), the CEO of Binance, is the actual owner of Sigma Chain, with multiple Binance employees operating the firm. The filing also claims that […]

In a significant cryptocurrency transaction noted a few hours ago, Jeffrey Wilcke, the co-founder of Ethereum, moved a substantial amount of 22,000 Ethereum ($41.13 million) to the popular digital currency exchange, Kraken. According to sources, this is not the first time Wilcke has made such a move. Records indicate that his last major Ethereum transaction […]

The Securities and Exchange Commission (SEC) has leveled a series of accusations against the US operations of cryptocurrency exchange Binance, casting a significant cloud over the future of the platform in the United States. In a formal complaint, the SEC claimed that Binance US facilitated trading in a range of tokens identified as securities without […]

The U.S. Securities and Exchange Commission (SEC) filed a complaint today against Binance, a leading cryptocurrency exchange platform, shocking the crypto community. This action seeks, among other remedies, alleged emergency relief, despite the ongoing cooperative dialogue between the two parties. Binance expressed disappointment over the SEC’s move, emphasizing that the company had been actively cooperating […]

JPMorgan Chase & Co., the American multinational investment bank, has formed an alliance with six Indian banks to inaugurate a blockchain-based platform that will handle interbank dollar transactions within India’s emerging International Financial Centre. This development, initially reported by Bloomberg, showcases the evolving landscape of financial technology (fintech) in India. Kaustubh Kulkarni, JPMorgan’s Senior Officer […]