A new attorney for Binance.US has been granted by a federal court in the U.S. SEC case involving Binance, its U.S subsidiary and CEO Changpeng Zhao. On August 30, Andrew Rhys Davies, an attorney representing Binance.US, filed a notice of presence in the ongoing SEC litigation. Davies’s application to appear
August 31, 2023 1 min read
Bitcoin formerly had the highest number of long-term investors. However, a new infographic by IntoTheBlock claims that Ethereum has flipped BTC by a difference of nearly 40 million. Both of them had improvements in this statistic when comparing results from the previous year to the present, but Ethereum leads with
August 31, 2023 2 mins read
Grayscale Bitcoin Trust’s win against the SEC has sparked a flurry of activity in the crypto market. In the last 24 hours, the cryptocurrency market has seen $171 million in liquidations, with $119 million coming from shorts. According to statistics from Coinglass, the discount between Grayscale’s Bitcoin Trust (GBTC) price
August 30, 2023 2 mins read
A move to submit court papers under secrecy has been filed on behalf of the U.S SEC in its civil lawsuit against Binance. More than 35 documents, a statement from Jennifer Farer (a trial attorney for the SEC), and a proposed order were all included in the request. The SEC
August 30, 2023 2 mins read
According to a court filing made on August 29th, the Digital Currency Group (DCG) and insolvent cryptocurrency lender Genesis have reached an in-principle agreement to settle the claims of the creditors. With a severe liquidity problem ensued with the demise of cryptocurrency exchange FTX. Genesis filed for Chapter 11 bankruptcy
August 29, 2023 1 min read
The overall crypto market seems to be stabilizing following a period of intense turbulence. At the time of writing Ethereum is trading at $1,645, up 0.82% in the last 24 hours as per CMC. However, Ethereum’s continuing decline over the previous month becomes more apparent at a wider scale as
August 29, 2023 2 mins read
The native token of Orbs, a public blockchain infrastructure network, has been launched on Arbitrum, an Ethereum rollup. Users will enjoy lower gas fees and faster transaction times while engaging with the asset thanks to the ORBS token’s entry on the prominent Layer-2 solution. Axelar, a Turing-complete interchain network, is
August 28, 2023 1 min read
Bitcoin has shown significant negative momentum over the previous several weeks. Amid the severe assault, there has been a noticeable increase in institutional interest, which is widely anticipated to play a significant role in the next BTC rally. Based on analysis by CryptoQuant of wallet deposit and withdrawal records, it
August 28, 2023 2 mins read
Around 47% of Worldcoin’s (WLD) price has been wiped out in the last 30 days due to regulatory worries. Data from CMC shows that the price is now trading at $1.27 and is down 4.27% in the last 24 hours. Since the introduction of Worldcoin, authorities from all around the
August 26, 2023 1 min read
Hashdex, a cryptocurrency asset manager, has joined the U.S. spot Bitcoin ETF contest. A proposal to include spot Bitcoin in the Bitcoin futures ETF was submitted to the U.S. SEC by the crypto asset manager. Surprisingly, Hashdex will not use the Coinbase surveillance sharing agreement like other recently filed Bitcoin ETFs,
August 26, 2023 1 min read