In a surprising twist, Ripple (XRP) stands firm above the $0.50 mark even after the Securities and Exchange Commission (SEC) took legal action against prominent exchanges Binance and Coinbase. While most alternative coins experienced a dip in value, XRP’s resilience in the face of adversity is notable. $XRP remains above
Sebastien Borget, co-founder and Chief Operating Officer of The Sandbox, addressed the effect of its SAND token possibly violating U.S. securities laws in response to the sensational lawsuits brought against two top crypto exchanges this week. This week, the United States Securities and Exchange Commission (SEC) increased crypto enforcement. Thus,
The US Securities and Exchange Commission’s (SEC) charges against high-profile companies such as Binance and Coinbase sent shockwaves through the cryptocurrency sector and left it surrounded by uncertainty. In addition, the leading cryptocurrency Cardano (ADA) has become a new victim in the SEC’s continuing hunt. In the lawsuit, the SEC
The U.S. Securities and Exchange Commission (SEC) swiftly initiated the crypto crackdown trapping the top crypto behemoths, Binance and Coinbase, in succession. The charges leveled allege that 67 cryptocurrencies offered by them and other industry players qualify as ‘unregistered securities.’ 67 Cryptocurrencies Tagged As “Securities” Recently, in the current lawsuit,
In a shocking turn of events, SEC Chair Gary Gensler faces accusations of a potential dual role involving his relationship with Binance. Lawyers representing Binance and its founder Changpeng Zhao have alleged that Gensler, currently taking strong actions against the crypto world had offered to serve as an advisor to
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 the hustle and bustle of global finance, recent events are setting new precedents. Interestingly, cryptocurrencies are once again rising, this time notwithstanding legal complications. They are bouncing back and positively impacting the stock market, leaving investors astounded and economists intrigued. The Key Reason Behind this Recent Surge Essentially, the
The European Union (EU) is in terms to elongate the course of building newer frameworks with better performance for blockchain developers, reports the officials in the EU. Concurrently, this is followed by the major exchanges like Coinbase and Binance being sued by U.S. Securities and Exchange Commission (SEC) in the
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
Binance, the world’s largest crypto exchange, has faced several charges filed by the U.S. Securities and Exchange Commission. The SEC accused the crypto exchange and its CEO of providing unregistered securities. The accusation by the SEC has become a controversial topic in the crypto world. Even though the SEC accuses
