Court Rejects Coinbase’s Motion, Sides With SEC in Allegation of Securities Violation

In a deeply disheartening and pivotal turn of events, the judicial scales have resolutely tipped in favor of the Securities and Exchange Commission (SEC) against Coinbase, marking a significant chapter in the ongoing saga of digital asset classification and regulatory oversight. This verdict reverberates through the corridors of the financial world, igniting debates and reshaping…

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Gabor Gurbacs, an advisor at VanEck, expresses apprehension regarding the potential adverse effects of rigorous cryptocurrency regulations on innovation.

    On March 27, VanEck advisor Gabor Gurbacs voiced his apprehensions about the inadequacy of contemporary cryptocurrency regulations and their detrimental impact on innovation. His concerns were fueled by the instability within the crypto industry, particularly in response to the regulatory environment. This sentiment was underscored by the US Securities and Exchange Commission (SEC)…

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VET Price Eyes 100% Spike Soon Fueled by Notable Adoption of VeChain Products

Summary VeChain (VET), a distinguished layer one (L1) blockchain platform, has emerged as a beacon of innovation and sustainability in the realm of decentralized smart contracts. With a steadfast commitment to environmental consciousness, VeChain has not only carved a niche for itself but has also catalyzed robust ecosystem growth, setting the stage for a resounding…

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Fetch.ai, SingularityNET, and Ocean Protocol are in talks to merge and create the ASI Token.

According to reports, SingularityNET, Fetch.ai, and Ocean Protocol are in discussions regarding a potential merger of their crypto tokens to create a decentralized AI platform and promote collaboration among the three entities. Bloomberg, citing sources familiar with the matter, mentioned that the companies are considering the formation of an ASI token, which could have a…

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Coinbase increases its reserves of USDC on Base as the Total Value Locked (TVL) surpasses $1 billion.

Coinbase has revealed its intention to expand the storage capacity for both corporate and customer USDC balances on Base, an Ethereum Layer 2 solution incubated by the exchange and constructed on the open-source OP Stack. This strategic move is anticipated to yield numerous advantages, including reduced fees, expedited settlement times, and bolstered security measures for…

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The Near Foundation has unveiled two new features: Chain Signatures and Multichain Transactions.

The Near Foundation, backing the Near Protocol’s Layer 1, has revealed its support for chain signatures, a significant development enabling users to access various chains through their Near accounts. This enhancement aims to boost interoperability and improve user experience. This milestone, facilitating chain signatures and multichain transactions, is the outcome of a recent collaboration with…

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Lawyer Jeremy Hogan Criticizes SEC’s $2 Billion Demand from Ripple

in brief Amid ongoing litigation, the SEC has suggested a $2 billion fine for Ripple Labs. Attorney Jeremy Hogan cautions that this fine could compel Ripple to offload substantial amounts of XRP. He highlights the potential consequences, including a considerable reduction in XRP’s market worth, which could adversely affect retail investors. In the midst of…

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TRM Reports Tether as the Most Utilized Stablecoin in Illicit Cryptocurrency Transactions

Tether (USDT), renowned as the foremost stablecoin globally, has played a central role in enabling seamless transactions within the blockchain realm. However, recent revelations stemming from an analysis conducted by TRM Labs, a prominent blockchain analytics firm, cast a shadow on the extensive usage of USDT. According to their findings, USDT has been notably prevalent…

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Copper’s London event caused a stir by serving sushi on models, sparking industry discussions and raising eyebrows.

Copper, a crypto custody firm, allegedly hosted an event in London where sushi was served off two partially clad models, as reported by the Financial Times. Known as “The Copper Experience,” the private function took place at the upscale Mandrake Hotel in London’s Fitzrovia following the Digital Assets Summit 2024. According to the FT, a…

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Newly revealed court documents indicate that FTX has requested the declaration of “Sam Coins” as worthless.

During a Tuesday hearing in Delaware, court documents unveiled FTX’s intention to declare its creditors’ “Sam Coins” effectively worthless amid the company’s extensive bankruptcy proceedings. FTX has announced the devaluation of “Sam Coins. FTX Trading LTD. has enlisted the expertise of NYU Professor of Finance Sabrina Howell to delve into the valuation of several “Sam…

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