The US District Court of Columbia’s Judge Amy Jackson, passed her verdict for the Binance Vs. SEC case, dismissing partial claims of SEC. One of the dismissed claims, the SEC’s charge that Binance violated the Securities Act, received immense positive support from the crypto community. This is due to the
In a pivotal legal showdown, the largest cryptocurrency exchange Binance faced a mixed outcome in a recent court ruling against the U.S. Securities and Exchange Commission (SEC). Judge Amy Berman Jackson decided to proceed with several claims from the SEC, including allegations related to Binance’s staking program. And initial coin
MetaMask platform’s developer, ConsenSys Software Inc., has been unexpectedly hit with a lawsuit by the United States Securities and Exchange Commission (SEC). Just days after ConsenSys CEO Joseph Lubin voiced hope for better ties between authorities and the cryptocurrency sector, the company is facing legal action. Lubin expressed optimism because
As cryptocurrencies navigate through varying fortunes, Litecoin captures attention with its significant growth, while Avalanche faces hurdles. From June 1 to June 16, 2024, Litecoin’s increase in active addresses reflects strong user engagement, contrasting with Avalanche’s bearish trends and price drops. Amidst this, BlockDAG shines with its secure and user-friendly
The Luna Foundation Guard (LFG) announced the movement of its crypto holdings to a direct custody solution, citing “safety” measures. LFG is the non-profit organization of Terraform Labs, the firm that recently made a settlement in a legal battle with the SEC. Terraform Labs and its founder Do Kwon were
The security breach that hit 1,590 cryptocurrency wallets has caused cryptocurrency portfolio manager CoinStats to temporarily halt user activity. In a post on June 22, X, CoinStats said that the assault had been mitigated and that the platform had been temporarily disabled to isolate the security problem. It went on
For the EigenDA data-availability service on the Ethereum mainnet, EigenLayer has implemented a whitelist security feature to protect it against Sybil and distributed denial of service attacks. This layer of protection may take the form of an ECDSA authentication using either an IP address or an Ethereum address. The security
The prominent ETF issuer YieldMax has recently filed with the US SEC to launch an ETF based on the Ether Option Income Strategy. According to a filing made public on June 21, 2024, the ETF will be listed on the NYSE Arca. This strategic shift is also occurring at the
As the Ripple vs SEC XRP case continues, rumors of a potential settlement between the two giants continue to circulate. The Ripple case has been sent to settlement negotiations by a U.S. district court. The move follows Judge Phyllis Hamilton’s decision to reject many class action lawsuits. While permitting the
On Thursday, $139.88 million left U.S.-based spot bitcoin exchange-traded funds, marking the fifth day in a row of net withdrawals. Yesterday, according to statistics from SoSoValue, the top two funds in terms of daily net outflow were GBTC (Grayscale) and FBTC (Fidelity). With GBTC posting $53 million and FBTC $51
