The challenge seeks to reverse this widened interpretation of digital assets dealers. The SEC disregarded public comments and failed to do an economic analysis as per claims. A lawsuit has been filed against the U.S SEC by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT). An expanded definition of a “dealer” in […]
Category: Crypto
Binance Faces Lawsuit in Canada Over Alleged Securities Violations
Binance provided crypto derivative products to retail investors without registration as per plaintiffs. Legal action is being taken to recover damages and to stop the illegal derivatives trading. Plaintiffs in a new class-action lawsuit in Canada are claiming that Binance, a cryptocurrency exchange, has broken Canadian securities rules. On April 19, the certification motion for […]
Bitcoin Price Eyes Next Breakout As The Bulls Aim For $70K
Bitcoin price climbed above the $66,000 resistance zone and started consolidation. BTC is now eyeing the next move above the $67,200 resistance zone. Bitcoin is eyeing a decent increase above the $67,200 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming […]
Mt. Gox’s $9B overhang could ‘spook the market,’ pressure Bitcoin: K33
“Mt. Gox coins could become a relevant negative price contributor in the next weeks,” say K33 Research analysts. The potential return of more than $9 billion worth of Mt. Gox-era Bitcoin (BTC) over the next few weeks might “spook the market” and put negative price pressure on Bitcoin, according to K33 Research analysts. Earlier this […]
Cosmos patches ‘critical’ IBC protocol bug saving $126M
IBC has always had the bug but it only recently became exploitable due to developments in the protocol’s codebase, Asymmetric Research said. Cosmos developers have fixed a “critical” security bug in its Inter-Blockchain Communication (IBC) protocol which put at least $126 million at risk, says a blockchain security firm that privately notified Cosmos of the […]
Worldcoin will increase WLD supply by up to 19% in the next 6 months
Worldcoin will be selling up to 1.5 million WLD tokens to select trading firms outside of the United States every week for the next six months. Digital identity project Worldcoin will increase the supply of its WLD token by as much as 19% over the next six months through a swathe of private sales to […]
Bitcoiners Seek Constitutional Reform to Allow Swiss National Bank to Purchase Bitcoin
Yves Bennaïm, founder and chair of 2B4CH, a Swiss pro-Bitcoin think tank, is launching a popular initiative to amend the country’s constitution to allow its central bank to purchase and hold bitcoin. The initiative is also supported by Bitcoin Suisse President Luzius Meisser, who believes the bank should add bitcoin to its reserves. A Reform […]
Cosmos Developers Patch Critical Flaw in IBC Protocol, Safeguarding $126 Million in Assets
Cosmos developers have successfully rectified a critical security vulnerability in its Inter-Blockchain Communication (IBC) protocol, which had placed assets worth at least $126 million in jeopardy, following a private notification from Asymmetric Research. This flaw, existing in the protocol since its 2021 inception, became exploitable recently with the introduction of new codebase developments but was […]
Grayscale, BlackRock Ethereum ETF applications updated amid SEC delays
Grayscale Investments and BlackRock have updated their spot Ethereum ETF applications despite the SEC delaying its decision on the matter in recent weeks and expectations leaning toward rejection. Grayscale filed an S-3 registration statement with the SEC on April 23. The submission marks the latest step toward the firm’s proposed conversion of its existing Grayscale Ethereum […]
Bitcoin Runes made up 57.7% of transactions on halving day
Launched on the day of the Bitcoin halving, Runes are a form of data embedded directly into Bitcoin transactions. Unlike simple financial transfers, Runes encapsulate additional information within these transactions. Bitcoin Runes operate by utilizing a method known as “transaction augmentation,” which allows users to embed arbitrary data into transaction outputs. Runes can store a […]