The Blockchain Association and the Crypto Freedom Alliance of Texas have taken legal action against the U.S. SEC. The two groups contend that the SEC is instituting a new rule, adopted in February, that would negatively impact the crypto industry. The SEC’s rule extends federal securities laws to market participants with significant liquidity-providing roles, encompassing cryptocurrency transactions. The complaint,...
Ripple Labs rejected the U.S. SEC’s request to recover $2 billion from the company for institutional sales of XRP tokens. Ripple’s lawsuit states that the amount involved is much smaller and that the agency is trying to intimidate players in the digital asset market. The company filed a motion to dismiss the SEC‘s lawsuit alleging $2 billion. Last month,...
Grayscale’s spot Bitcoin ETF continued a five-day outflow sprint leading to the halving, a code change that occurs every four years to help maintain BTC scarcity. Data gathered by SoSoValue showed $89.9 million in Grayscale exits, bringing GBTC’s total net outflows to $1.6 billion since trading opened back in January. For all 10 spot Bitcoin (BTC) ETFs, cumulative outflows...
Boxing legend Mike Tyson has partnered with the blockchain project for boxers Ready To Fight. According to a press release, the strategic alliance comes as Ready To Fight (RTF) prepares to list its own RTF token on four cryptocurrency exchanges. Tyson has joined the platform as a brand ambassador to “revolutionize the boxing ecosystem.” “In a significant...
Mercuryo, a global payments company, has partnered with TON to introduce fiat-to-crypto conversion services for USDT. The initiative began with integrating Tonkeeper, a self-custody wallet that supports transactions in Layer 1, The Open Network (TON), and other digital currencies. Aviessa Khoo, Executive Director at Mercuryo, Singapore, expressed satisfaction with the introduction of on-ramp services for Tether tokens (USDT)...
Bitwise Chief Investment Officer Matt Hougan offered a long-term view on the Bitcoin halving based on historical data and spot ETF demand. Speaking with CNBC on April 19, Hougan regarded this year’s Bitcoin (BTC) halving as a “buy the news” opportunity for investors interested in the world’s biggest cryptocurrency asset class. “If you look historically at halvings,...
Cryptocurrency betting platform ZKasino is reportedly facing criticism from users who doubt the platform’s reliability. Adding to the uncertainty, ZKasino’s official Telegram channel was rumored to have been banned, but crypto.news confirmed that the account is still active. ZKasino hasn’t responded to requests for comment. A significant concern also arose from the revelation that ZKasino’s deposit wallet holds...
Hong Kong-based crypto exchange HashKey has announced that it will stop accepting deposits and handling withdrawals to and from wallets linked to Binance. In a statement released on April 19, Hashkey said the change will take effect next month, with deposits ending on May 10 and withdrawals on May 17. Hashkey did not give specific details behind its decision,...
Venture capital (VC) investors kept busy this past week as Centrifuge, Crypto Valley Exchange and Nebra all clinched new rounds of funding. Crypto Valley Exchange The $7-million funding round consisted of pre-seed and seed rounds. Fabric Ventures and Kyber Capital Crypto Fund co-led the effort. Crypto Valley Exchange also drew support from notable backers like AMDAX, Wave Digital, Funfair Ventures,...
Bitcoin witnesses massive drop after halving; Hong Kong approves launch of spot Bitcoin (BTC) and Ethereum (ETH) ETFs; TON takes the spotlight amid impressive growth and more top headlines from last week. Build up to the halving Being the week of the fourth Bitcoin halving, this week witnessed a proliferation of discussions surrounding the much-anticipated event...
