Browsing: Coinbase

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Senator Cynthia Lummis’s quest for truthful legislation in the crypto space has been openly supported by James A. Murphy, a famous legal figure and the founding father of Metalawman. This expansion could have a significant impact on the ongoing cryptocurrency debates. In a notable move, James A. Murphy announced his entire support for Senator Lummis on Twitter. He emphasized her Amicus Transient, which supports Coinbase’s campaign to ignore the SEC’s criticism of them. Murphy discussed Senator Lummis’ involvement as a co-sponsor of the Lummis-Gillibrand crypto regulatory bill in a brief but powerful tweet. This approved expansion is the result of…

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One of the biggest cryptocurrency exchanges in the US, Coinbase, has launched a stinging attack on the Securities and Change Fee (SEC), accusing the regulatory body of evasion, intentional harm to the industry, and disobeying a direct question from a federal judge. Paul Grewal, the Chief Authorized Officer of Coinbase, expressed his displeasure with the SEC’s response to a recent federal court decision in a series of tweets. Grewal criticized the SEC’s evasive response and emphasized how unusual it was for the federal government to refuse a straight question from a federal courtroom. Grewal stressed that because the SEC’s answer…

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Layer 2 (L2) choices for subgraphs have seen a startling increase in use on The Graph, a decentralized community known for its great uptime and secure information. The incorporation of Arbitrum has proven crucial in enabling decentralized applications (dapps) to access information more quickly and for a fraction of the cost previously. The Graph Community has had tremendous growth since its introduction in 2020. The Ethereum blockchain has printed 863 subgraphs since it started, demonstrating the platform’s wide use and efficiency. The blending of L2 expertise during the past six months, especially by Arbitrum, has propelled a much more remarkable…

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It’s easy to lose track of which money you need to spend money on because there are so many options available as the bitcoin market continues to grow and more money enters the market. But in 2023, you shouldn’t worry about where to invest your money for the best returns. The best coins right now to buy include Filecoin, Toncoin, and DigiToads. In this article, we’ll examine each coin in greater detail to show you why you should think about adding it to your portfolio. DigiToads: The future of meme money Meme cryptocurrencies have been in circulation for a while.…

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A recent development revealed that one of the six non-public keys used by the LSD protocol’s unshETH endeavor had been compromised, necessitating an immediate stoppage of unshETH withdrawals. On May 31, at around 10:00 p.m., the incident took place. The official staff promptly halted all unshETHETH withdrawal actions in an effort to avert it from happening. Deposited unshETHETH money totaling $35 million in Whole Worth Locked (TVL) are safeguarded by multi-signature and time-lock procedures in accordance with their safety model, ensuring they don’t appear to be in danger. Additionally, a few subsidiary protocol contracts have been attacked, including farms and…

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The CEO of Australian cryptocurrency exchange Coinjar is unconcerned by the “regulatory risk” of the sector as the company seeks to establish itself in the United States. Asher Tan, the CEO and co-founder of Coinjar, said he saw opportunities despite a recent wave of U.S. crypto companies raising concerns about the government’s approach to regulation in an interview with The Australian on May 1. “Where other exchanges see regulatory risk, we see opportunity,” he continued, “and we believe the American market will reward an exchange with our unparalleled compliance bona fides.” He continued, “We’ve always understood that regulation has a…

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SEC

The cryptocurrency exchange Coinme has been fined about $4 million by the US Securities and Exchange Commission for allegedly providing unregistered securities and making “misleading statements” about its cryptocurrency token UpToken (UP). The Securities and Exchange Commission (SEC) announced on April 28 that it had reached a settlement with Coinme, its subsidiary Up Global SEZC, and Neil Bergquist, the CEO of both companies. Up Global and Coinme were both responsible for the $3.52 million fine. Additionally, separate fines of $250,000 and $150,000 each were leveled against Coinme and Bergquist, and both have agreed to pay them. In order to increase…

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In an effort to persuade the U.S. Securities and Exchange Commission (SEC) to offer greater regulatory direction and clarity for the cryptocurrency business, Coinbase has filed a petition against the SEC in a federal court. Coinbase is proactive in its approach. By trading volume, Coinbase is the largest bitcoin (BTC) trading platform and cryptocurrency exchange in the United States. As a result, it has made the proactive decision to address the region’s lack of regulatory certainty. Remember that the SEC under Gary Gensler sent Coinbase a Wells notice last month informing the exchange of an upcoming enforcement action against it…

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Hyun-seong Shin, a former Terraform Labs co-founder and CEO, has had allegations of security violations against him dropped by a district court in South Korea. According to Korea’s Capital Markets Act, the court determined that LUNA (LUNA), the native token of the LUNA ecosystem, is not a security. The prosecution’s plea to have Shin’s properties seized and him arrested due to violations of the securities law was denied by the southern district court in Seoul. According to a local daily, the prosecution claimed that Luna’s unlawful transactions violated both the Capital Market Act and offenses affecting property (fraud), making property…

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The Reserve Bank of Zimbabwe (RBZ) intends to issue a digital currency backed by gold as legal tender to aid in stabilizing the Zim dollar, according to the Sunday Mail. The country’s gold reserves, which will be kept by the central bank, will act as the backing for the tokens, which are a sort of electronic money. To help them protect themselves from the volatility of the local currency, RBZ wants citizens who possess Zim dollars to be able to trade their money for the gold-backed coin. The Zim dollar has a reputation for being unstable. According to Investing.com, 1…

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ADA

According to the CoinMarketCap assessment, customers have become more powerful than consumers. BTC/USD Over the last 24 hours, Bitcoin’s (BTC) speed has increased by 1.64%. Chart for BTC/USD by TradingView The price of Bitcoin (BTC) on the daily chart has reached a new all-time high of $30,614. Traders should remember that the closest resistance level is currently at $30,575. The $31,000 zone might see construction if the shutdown happens nearby. At the time of publication, the price of one bitcoin is $30,369. ETH/USD By increasing by 4.32%, Ethereum (ETH) has outperformed Bitcoin (BTC) regarding gains. Chart for ETH/USD from Trading…

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Right now, Crypto Rover has published his most recent technical analysis for ETH and BTC. According to the analyst, Core US Inflation Information is preventing a rally in the cryptocurrency market. Bitcoin and ETH are both up over the last day as of the time of publication. This morning, the cryptocurrency analyst Crypto Rover published his most recent technical analysis of the market leaders Bitcoin (BTC) and Ethereum (ETH). The analyst started the YouTube video by saying that despite the positive impact of yesterday’s Fed meeting, the cryptocurrency markets didn’t soar as expected. The expert blamed yesterday’s Core U.S. Inflation…

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ADA

The market capitalisation of cryptocurrencies saw $30 billion in online inflows and currently stands at $1.25 trillion, up 2.12% from $1.22 trillion. The market capitalisations of Bitcoin and Ethereum increased by 0.87% and 6.36%, respectively, to $584.87 billion and $239.76 billion over the previous day. All of the top 10 crypto assets for the reporting period showed gains, with Dogecoin and Ethereum each increasing by more than 6%. Many items, including Cardano, Polygon, and Polkadot, increased by more than 3% each. Market update for Crypto Slate Tether’s (USDT) market capitalization increased to $80.65 billion. In the interim, the market capitalisations…

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On April 10, Fortune unveiled the “Fortune Crypto 40,” which it claims to be an industry first. The top five bitcoin companies in each of the eight categories are highlighted on this analysis-based list, which uses both analysis and executive polls to choose the winners. The Crypto 40, according to a Fortune article unveiling the index, is a “definitive list of the most significant crypto companies.” The Crypto 40 was created to spotlight the firms and their technology — as opposed to the popularity of the people and teams driving them, according to an accompanying link outlining the methodology. According…

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After more than two years at the American cryptocurrency exchange Coinbase as head of exchange, Vishal Gupta is reportedly quitting his role. Bloomberg reported on April 10 that Gupta intended to leave Coinbase but stay involved in the cryptocurrency industry, raising the possibility that he was preparing to launch a brand-new startup centered on digital assets or blockchain. Gupta was a vice president at Goldman Sachs and the head of USD Coin (USDC) for stablecoin issuer Circle before joining Coinbase. The alleged departure of the exchange’s CEO coincided with increased legal and regulatory scrutiny of Coinbase. The U.S. Securities and…

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According to a blog post from the Ethereum Basis’ protocol support group, the user community enabled Shapella to upgrade on mainnet following a smooth switch to the Goerli testnet. The Shapella improvement can be predicted. The enhancement will result in a new performance for the execution and consensus levels and permit validators to remove ETH from the beacon chain. Validators who operate independently can choose between partial and full withdrawals after completing the improvement. “partial withdrawal” refers to withdrawing the proceeds from each validator who staked 32 ETH. This reward portion is immediately withdrawable, and the validator will continue to…

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Dogecoin’s (CRYPTO: DOGE) price dropped 7.46% to $0.08 over the previous day. This is in contrast to its recent upward trend, which saw it increase by 8.0% from $0.08 to its present price. The graph below contrasts Dogecoin’s price movement and volatility over the previous 24 hours (on the left) with its price movement over the previous 7 days (on the right). (right). The Bollinger Bands in gray represent the volatility of both daily and weekly price changes. The volatility increases with the width of the bands or the size of the gray area at any particular time. The coin’s…

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Remembering that governments, like all human organizations, are made up of, well, humans, complicated beings whose emotions frequently impair their capacity for logical decision-making, is important when observing Washington policymaking. Following a flurry of regulatory enforcement actions launched against this industry, I forewarned last week of a worrisome politicized trend in American crypto policy. I’m still concerned about that tendency, but because of the perspectives of two people with excellent D.C. connections, my perspective has become a little bit more nuanced. They described how feelings of wrath and embarrassment in particular had a significant role in motivating such policy decisions.…

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UAE

A statistical agency has released a list of the top 10 crypto-friendly countries, providing helpful information for cryptocurrency dealers and merchants looking for places with advantageous tax laws for their investments in crypto. The United Arab Emirates (UAE), Malta, Belarus, Monaco, Panama, Malaysia, Germany, Singapore, Switzerland, and El Salvador are among the top 10 countries in terms of their tolerance of crypto taxes, according to the statement. According to additional reports, the countries on the list are renowned for their relatively cheap taxes on cryptocurrency investments and friendly regulatory environments for the cryptocurrency industry. It is particularly noteworthy that El…

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A self-regulatory group with ties to the CFTC has published new guidelines for its members taking part in crypto activities. The agency’s antifraud regulations for ETFs, swap transactions, and retail foreign exchange offer a good example for the new norms of conduct. It’s applicable to Bitcoin and Ethereum, and it’ll start working on May 31. New guidelines for members handling digital assets have been released by the Commodities Futures Trading Commission (CFTC) via the National Futures Association (NFA). The CFTC has only granted delegation of authority to one Self Regulating Organization (SRO), the NFA, for the derivatives markets. It has…

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