Kraken and Binance Lawsuits; Settlement Approaches
The cryptocurrency sphere is closely monitoring two significant legal developments involving Kraken and Binance, two major crypto exchanges with operations in the US.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
Coinbase Launches Crypto Futures
On Nov 1st, Coinbase unveiled a groundbreaking initiative to allow futures trading in a landmark development for the crypto trading world.
Bankrupt Exchange FTX in Talks with Buyers for a Potential Relaunch
FTX Engages in Negotiations for a Revival Amid Bankruptcy Proceedings FTX, a formerly eminent cryptocurrency exchange that declared bankruptcy last year, is in active discussions with three potential buyers. The objective is to reignite trading activities on its platform, as revealed by FTX’s investment banker, Kevin Cofsky from Perella Weinberg Partners, during a recent court… Read More
Cryptocurrency Exchange Binance Moves to Dismiss CFTC Allegations
Binance and CEO Changpeng Zhao Move to Dismiss CFTC Complaint Binance, a renowned cryptocurrency exchange, and its CEO, Changpeng Zhao, have initiated a legal motion to dismiss the complaint lodged against them by the U.S. Commodity Futures Trading Commission (CFTC). This development came to light through a court document filed this Thursday. Earlier this year,… Read More
The Aftermath of FTX’s Collapse: Ripple Effects on the Global Cryptocurrency Landscape
The Cryptocurrency Landscape Post-FTX’s Collapse The cryptocurrency world has experienced significant upheavals, especially after the dramatic collapse of the crypto exchange FTX and other major entities in the previous year. This has left an indelible mark on the global cryptocurrency market, with notable declines in crypto prices, trading volumes, and venture capital investments compared to… Read More
Coinbase: U.S. Retail Customers Can Now Trade Cryptocurrency Futures
Coinbase’s New Offering and Its Significance In a recent turn of events, Coinbase Global announced a significant achievement. On August 16th, as reported by Reuters, the company secured the much-anticipated approval to offer cryptocurrency futures to a new market segment: U.S. retail customers. This move is not just a win for Coinbase but also a… Read More
A Closer Look at “Base”: Coinbase’s Strategy for Ethereum L2 Development
What is “Base”? Base is an Ethereum Layer 2 (L2) chain designed for on-chain development. Developed in collaboration with Optimism on the OP Stack, Base is a product of Coinbase’s decade-long experience in the cryptocurrency domain. The company’s strategy for Base includes a gradual move towards decentralization. Notably, there are no plans to introduce a… Read More
OpenAI’s Sam Altman Launches Worldcoin: Blockchain Technology and Universal Basic Income
OpenAI’s CEO, Sam Altman, recently launched a new cryptocurrency project, Worldcoin. This innovative project aims to revolutionize how we perceive and interact with digital currencies. The Core Offering: World ID Worldcoin’s core offering is the World ID, a digital passport designed to authenticate its holder as an actual human, not an AI bot. To obtain… Read More
Digital Asset Regulation: Coinbase CEO Brian Armstrong’s Meeting with Democrats Amidst SEC Lawsuits
Brian Armstrong, the Chief Executive of Coinbase, is set to meet privately with a group of Democrats from the United States House of Representatives on July 19th, 2023. This meeting comes when major players in the crypto market, including Coinbase and Binance, are facing legal action by regulators. The Meeting: A Confluence of Minds Armstrong’s… Read More
Spot Bitcoin ETFs: Bernstein Report Sheds Light on the U.S. SEC’s Potential Green Light
Understanding the SEC Stance on Bitcoin ETFs The U.S. Securities and Exchange Commission (SEC), the proverbial “gatekeeper” of financial markets, has a difficult position on spot Bitcoin exchange-traded funds (ETFs). According to the brokerage firm Bernstein, the odds of the SEC approving such a financial product are good. Though challenging to maintain, the SEC’s stance… Read More