Author: Crypto News Live
The U.S. Securities and Exchange Commission (SEC) provided a preview of the arguments it plans to use against Coinbase in a letter to the judge on July 7. However, the SEC’s case against Coinbase does not inspire much confidence, crypto lawyer James Murphy tweeted on July 9.Murphy, who goes by MetaLawMan on Twitter, said that the SEC’s arguments are “not particularly strong.”The SEC’s caseIn its letter, the regulator alleged that Coinbase, with its string of “sophisticated” lawyers, “understood that the securities laws could apply ” to its business. In other words, Coinbase was well aware that it could be potentially…
Bitcoin whales continued accumulation despite FUD. Traders remain skeptical as put options taken against Bitcoin began to rise. Bitcoin’s price has been unable to pass the $31,000 -$30,000 threshold over the last month. With high prices and profitable addresses, many skeptics believe that Bitcoin[BTC] may be unable to push past these levels in the near term. Is your portfolio green? Check out the Bitcoin Profit Calculator Whales show interest However, whales and sharks remained optimistic. Based on Santiment’s data, Bitcoin’s prominent investors and large-scale holders continue to exhibit persistent activity, unaffected by the relatively stagnant price range of $30,000 to…
ETH’s price declined by more than 2.4% in the last seven days. Market indicators and metrics remained bearish on the token. Over the last week, Ethereum’s [ETH] price witnessed a decline as it once again went under the $1,900 mark. The latest data revealed that things can get even worse if selling pressure continues to rise. Checking the token’s daily chart gave more reasons for concern as the possibility of ETH’s price plummeting further seemed likely. Read Ethereum’s [ETH] Price Prediction 2023-24 Ethereum’s latest price correction The king of altcoins managed to cross $1,900 last week, but it couldn’t sustain…
Messari’s Protocol Research Analyst, Red Sheehan, recently released the “State of XRP Ledger Q2 2023” report, providing a detailed analysis of the XRP Ledger (XRPL) and its performance in the second quarter of 2023. According to Sheehan, the XRPL, which has been operational for over a decade, offers fast, energy-efficient, cross-currency, and cross-border payments. Despite not supporting smart contracts, the XRPL can execute many functions similar to other networks, thanks to its native capabilities like Issued Currencies, a decentralized exchange (DEX), escrow functionality, and token management. Sheehan reports that the native token on the XRPL, XRP, ranks as the sixth…
An investment manager with $1 billion in assets under management (AUM) is naming Coinbase as its surveillance-sharing partner in an application to list a spot Bitcoin (BTC) exchange-traded fund (ETF) on the Nasdaq stock exchange. Valkyrie updated its filing after the U.S. Securities and Exchange Commission (SEC) rejected its previous attempts for failing to meet regulatory requirements for preventing fraudulent acts and protecting investors. Surveillance-sharing agreements are considered a standard market practice for reducing fraud and market manipulation. It is also among the primary reasons that the SEC cites for rejecting spot Bitcoin ETF applications. In new documents submitted on…
Over the last week, the crypto market witnessed surprising price movements as Bitcoin significantly declined from a high of $31.5K. The latest US ADP data has hinted at an upcoming interest rate hike, adding another layer of uncertainty to the financial and crypto landscape. However, even in these turbulent times, certain altcoins are showing potential for growth. Among these, Ripple (XRP), Solana (SOL), and Litecoin (LTC) may take the spotlight to watch for next week.Crucial Week For The Altcoin Market As we step into a new week, the altcoin market is preparing for a significant shift. The upcoming release of the…
Most noise surrounding the NFT market has recently been dominated by headlines and data that paint a particularly dire picture of the sector. But Solana Labs says there are still people interested in joining the fray and is working on a new AI tool to help them make the leap. “One of the challenges right now … [buyers] need to go figure out a lot of different data points,” Solana Labs Head of Product Tal Tchwella told The Block while discussing just how hard it can be to enter the market from scratch. Among efforts to make it easier to…
The broader crypto market being in an uptrend means many cryptocurrencies are following suit, including Solana. However, its long-term value remains in doubt as investors opt to invest in other tokens with the potential for a stronger trajectory in the future. This uncertainty has led investors to InQubeta, the AI token and platform set to revolutionize the AI industry. Poised for adoption, InQubeta has received support from inventors, which we will explore in detail in the subsequent part of this article. InQubeta (QUBE) strengthens its footing in the crypto space as it aims to revolutionize AI InQubeta has been termed…
SOL was prime for sell pressure now that it was overbought. SOL broke through long-term descending support. The last three weeks have been quite favorable to SOL holders considering the bullish performance achieved. But recent observations suggest that the party might be about to come to an end. Read SOL’s price prediction for 2023/2024 If you held SOL in the second half of June, chances are that you are pleased with your decision. This was because the cryptocurrency has been on an upward trajectory from its lowest price point on 10 June. It bottomed out at $12.82 and recently surged…
The U.S. Securities and Exchange Commission (SEC) has expressed skepticism over Coinbase’s claim that it was unaware of violating securities laws. SEC lawyers argued that Coinbase, a billion-dollar organization advised by sophisticated legal consultants, should have been aware of the risk of violating federal securities laws. The SEC previously alleged that Coinbase referenced the Howey test when deciding whether to list an asset on its website, and claimed that nine cryptocurrencies were investment contracts and were offered for sale on Coinbase without registration. SEC Questions Coinbase’s Claim of Ignorance in Securities Law Violation SEC’s Skepticism Over Coinbase’s Claim The U.S.…
