Gary Gensler, the chairperson of the United States Securities and Exchange Commission (U.S. SEC) remarked in the speech shared last Thursday, in Washington D.C. Now, Gensler has portrayed the needed protection in the crypto market as per the securities laws. There's nothing about the crypto securities markets that suggests that
As June 2023 has started out with a bear market, it just keeps on continuing with the same. However, the blockchain platform named Solana (SOL) had remarked an utter loss over a month of analysis. According to CoinMarketCap, SOL is pricing at $15.79 with a 25.23% decrease over the last
The cryptocurrency market is in turmoil, with a significant 7% drop pushing it below the $1 trillion threshold. It’s a real massacre, partly precipitated by Securities and Exchange Commission (SEC) measures. Amid this turmoil, Bitcoin, the reigning champion, dropped 3.75% to $25,500. while Ethereum, the runner-up, plummeted 6.9% to nearly
Recent reports show high-profile financial commentators express their contempt over Securities and Exchange Commission (SEC) Chief Gary Gensler’s policies. Scott Melker, also known as “The Wolf Of All Streets,” voiced his anger on social media. He termed Gensler’s approach as “absolutely disgraceful.” Consequently, the hashtag “#FireGaryGensler” is now making rounds
Navigating the stormy seas of cryptocurrency, trading platforms like Binance encounter daily waves of change. Binance, a global crypto exchange arena forerunner, recently noted a net outflow of around $392 million over just one day. However, this figure might not be as alarming as it initially seems. According to our
After more than six weeks of sideways trading, cryptocurrency analysts and investors are keenly observing the movements in the crypto market. One token of special interest from holders is Binance Coin (BNB), especially after the United States Securities and Exchange Commission (SEC) called it a security. On the other hand,
In the current distressing scenario in the cryptocurrency market, one metric continues to command the attention of analysts and crypto enthusiasts alike — the number of active addresses. It’s an unmissable signal of increasing mainstream adoption. Simply put, active addresses represent unique wallets engaged in transactions on a blockchain network
In an effort to strengthen the financial market’s integrity, the Securities and Exchange Commission (SEC) has implemented a novel set of rules for security-based swap transactions. Concurrently, these rules also aim to curtail undue influence over Chief Compliance Officers (CCOs), further fortifying the transparency of these transactions. In addition, these
BNB Coin (BNB), the native cryptocurrency of Binance, reflects the harsh impact of SEC’s crypto crackdown in its soaring selling pressure. The SEC vs Binance lawsuit succeeded in inducing BNB to plummet by 9.15% — from $306 to $278 — over the past 3 days. In the lawsuit, the US
The SEC vs Binance lawsuit has begun to take its toll on the cryptocurrency market. Shockingly, on Monday, the market lost nearly $52.7 billion in just an hour after the announcement. In the last 24-hour window, the exchange’s withdrawals on Ethereum exceeded the deposits by $778.6 million, as reported by
