New York Stock Exchange listed company Bakkt is delisting Solana, Polygon and Cardano citing regulatory uncertainty, according to Fortune. This comes days after the US Securities and Exchange Commission said those three cryptocurrencies, among others, are securities. … Read More: Bakkt Is Delisting Solana, Polygon and Cardano Citing Regulatory Uncertainty: Fortune Read more »Sign up for…
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A tight regulatory environment in the United States coupled with soaring interest rates is forcing crypto companies to rethink their business strategies. A combination of escalating interest rates and a tight regulatory environment in the United States has driven a $417 million outflow from the crypto industry in the past eight weeks, with halts in…
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Bitcoin has reclaimed the $26,000 level, but will large cap altcoins follow BTC’s rebound? Bitcoin is witnessing a tough battle between buyers and sellers near the $25,000 mark. A minor cause of worry for the bulls is that even the news of BlackRock having filed an application for a Bitcoin (BTC) spot exchange-traded fund could not boost…
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According to a Fortune report published on June 16, the cryptocurrency asset platform Bakkt is delisting three cryptocurrencies due to the current regulatory climate. Bakkt’s general counsel stated that the platform will expand its coin offering once there is “further clarity.” Bakkt Reacts to Regulatory Pressure, Delists Solana, Polygon, and Cardano Bakkt, the New York-based…
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Investors are asking whether it might be too late to buy Solana (SOL) in wake of its 14% bounce from weekend lows. Did investors miss their opportunity to buy the SOL dip? Solana, the cryptocurrency that powers the high-performance, smart-contract-enabled Solana layer-1 blockchain, saw a cascade of sell pressure that week in wake of the…
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Market observers will closely watch the United States CPI data and the Fed’s policy decision to provide direction to the stock and crypto markets. After the tough sell-off seen in the past week, the cryptocurrency markets will be looking for some support from the macroeconomic data this week. The all-important United States Consumer Price Index…
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The SEC has labeled the SOL token as a security in two separate lawsuits filed on June 5 and June 6 against crypto exchanges Binance and Coinbase. The Solana Foundation took to Twitter to address for the first time the U.S. Securities and Exchange Commission’s classification of its native token, Solana (SOL), as a security. …
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The overall value of the crypto economy has dropped by more than 5% against the US dollar in the past 24 hours, with the top smart contract token sector losing more than 8% in the same time frame. The downturn has also affected the decentralized finance (defi) sector, with the total value locked in defi…
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The Solana network’s native token SOL is “not a security,” despite the Securities and Exchange Commission (SEC) claiming otherwise, the Solana Foundation has said. Commenting on the regulatory status of its token to CoinDesk on Thursday, the Solana Foundation made it clear that it still sees Solana as sufficiently decentralized for its native token to…
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Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023. This development comes after the publicly-listed company revealed that it was “actively reviewing” its coin listings in the wake of recent U.S. Securities and Exchange Commission (SEC) enforcement actions against Binance and Coinbase. Robinhood…
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