The court seeks to address issues related to orders that rejected the SEC’s plea to seal the Hinman speech documents and Ripple’s request to seal information regarding XRP sales. In the most recent update in the legal proceedings of the United States Securities and Exchange Commission (SEC) against Ripple Labs, Judge Torres grants permission for…
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Coinbase is preparing to roll out cryptocurrency futures trading for institutional investors in the United States soon. Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States. Announcing the news on Aug. 16, Coinbase noted that the company is now…
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The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated” will have to meet certain requirements. Singapore to Require Stablecoin Issuers to Maintain Minimum Base Capital and Liquid Assets…
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A spokesperson said the move came in response to ‘changing market and user needs.’ Binance Connect, the regulated buy-and-sell crypto arm of Binance exchange, will shut down on August 16. Cointelegraph confirmed on August 15 via an email with a Binance spokesperson. The same day, BNB Chain decentralized exchange Biswap tweeted that Binance “has made a…
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The token opened to a wild trading session across major exchanges. Layer one trading blockchain Sei Network has reached a fully diluted valuation of $1.8 billion on the initial day of token listing. On August 15, major exchanges such as Binance, Bybit and Bitget jointly listed the network’s native token (SEI). On Binance, the token…
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China has harshly enforced its crypto ban since the start of the year, cracking down on individuals and projects alike. An individual, identified only as “Mr. Chen,” has been convicted by the Fuzhou Mawei People’s Procuratorate on charges of “offense of concealment and concealment of crime” for purchasing 94,988 Chinese yuan ($13,067) worth of Tether…
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The Cryptocurrencies Hub is key for PayPal to reinvent itself as a crypto-inclusive platform. The service will allow for the sale and purchase of cryptocurrencies, among other functionalities. Payments giant PayPal, which recently launched the dollar-backed stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce Cryptocurrencies Hub — a feature that allows users…
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John Reed Stark believes SEC chair Gary Gensler could throw in the towel, depending on a possible scenario to play out in 2024. The United States’ securities regulator could completely u-turn its approach to crypto enforcement, depending on a key election in the United States in 2024, according to former SEC official John Reed Stark.…
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The legal practitioners asked the court to adhere to the established definition of “investment contract” when interpreting its scope. A group of six legal scholars specializing in securities law and related fields submitted an amicus brief in favor of crypto exchange Coinbase in its ongoing legal battle against the United States Securities and Exchange Commission (SEC).…
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The motive behind the transactions has triggered speculation within the broader crypto community. Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ether (ETH), worth around $2.77 million and an additional 250 billion Shiba Inu (SHIB), worth roughly $2.7 million, to crypto exchange Coinbase on Aug.11, according to Etherscan. The motive behind the transactions has triggered speculation…
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