Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
In a recent statement, the US Securities and Exchange Commission (SEC) provided insights into the classification of memecoins within the context of federal securities laws. This move, a part of the SEC’s attempt to make clear how these regulations apply to different assets, could prove to be a significant victory for these altcoins and the…
Justin Sun And SEC Request ‘Pause’ In Ongoing Legal Battle Over Crypto Ventures
According to Bloomberg, lawyers representing Justin Sun and the US Securities and Exchange Commission (SEC) are requesting a stay in the ongoing regulatory proceedings against him. Justin Sun And SEC Seek Case Pause This joint filing, submitted on Wednesday, indicates that both parties believe it is in their mutual interest to pause the case while…
North Korean Lazarus Group Identified As Culprit In Bybit’s Historic $1.5 Billion Hack
In a significant blow to the cryptocurrency industry, Bybit, one of the leading crypto exchanges, has confirmed a major security breach involving its Ethereum cold wallet. The incident, reported on Friday by Bitcoinist, marks one of the largest cryptocurrency hacks in history, with losses estimated at over $1.5 billion. Bybit Hack Linked To North Korea’s…
CoinShares Seeks Approval For Spot Litecoin And XRP ETF In Latest Market Move
In a notable change in the crypto regulatory environment, asset managers are regaining confidence in their pursuit of ETFs. Significantly, CoinShares submitted applications for a spot XRP ETF and a Litecoin (LTC) fund, indicating an increasing enthusiasm for altcoin investment offerings. CoinShares Targets Litecoin And XRP ETF CoinShares’ submission arises as the US ETF market…
Donald Trump Memecoin Skyrockets Over 12,000% Overnight With $30B Fully Diluted Value – What Happened?
The TRUMP meme coin, the official Donald Trump cryptocurrency, took the crypto world by storm upon its launch on Friday. Within hours, it became the hottest topic in the market, captivating investors and enthusiasts alike. By Saturday morning, as the U.S. woke up to the news, the TRUMP coin had skyrocketed to an astonishing $30,…
Bitcoin Breaks Out Of Cup-And-Handle Pattern, Eyes $276,000 Target
The market’s leading cryptocurrency, Bitcoin (BTC), has rejoined the crypto rally, gaining momentum on Friday amid reports that President-elect Donald Trump may issue an executive order prioritizing cryptocurrencies as soon as he takes office. As of the latest data from CoinGecko, Bitcoin surged nearly 5% in the 24-hour time frame, reaching $104,000. The broader cryptocurrency…
Former Terra CEO Do Kwon Enters Not Guilty Plea In Landmark $40 Billion Crypto Trial
Do Kwon, the South Korean cryptocurrency entrepreneur and co-founder of Terraform Labs, pleaded not guilty on Thursday to a series of criminal fraud charges in a Manhattan federal court. This comes just days after his extradition from Montenegro, where he had been detained for over a year. His case centers around the collapse of TerraUSD…
Trump Social Media Firm In Talks To Expand Into Crypto With Bakkt Acquisition
Donald Trump’s media venture, the Trump Media and Technology Group (TMTG), is reportedly in advanced negotiations to acquire Bakkt, a crypto trading platform owned by the Intercontinental Exchange (ICE). Trump Sets Sights On Crypto Expansion According to sources familiar with the ongoing discussions, TMTG is considering an all-share purchase of Bakkt, although the exact valuation…
Bitcoin Hits $76,000 All-Time High As Market Reacts To Fed’s Interest Rate Cuts
Bitcoin (BTC), the leading cryptocurrency by market capitalization, surged to a new all-time high of $76,800 buoyed by the recent US presidential election which saw Donald Trump secure another term in the White House and a more favorable monetary policy from the US Federal Reserve (Fed). Fed’s Second Consecutive Rate Cut On Thursday, the Federal…
Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’
In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US. The inquiry, reportedly led by prosecutors from the Manhattan US Attorney’s Office, is said to focus on whether Tether’s stablecoin, USDT,…