TRON founder Justin Sun has made a public call to back a U.S. presidential candidate favorable to cryptocurrencies. Sun emphasizes the importance of recognizing the cryptocurrency community—including companies and protocols—as key stakeholders in the political arena. He urges that their voices be heard and their interests safeguarded, highlighting the growing influence of digital currencies in…
Crypto asset trading firm QCP Capital has forecasted a potential 60% increase in the price of ether, projecting it could surge to around $6,000 if the U.S. approves spot ethereum exchange-traded funds (ETFs). The prediction coincides with a significant increase in market…
Five U.S. representatives have called on the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler to ensure a uniform and fair treatment in their review of upcoming ethereum exchange-traded funds (ETFs), similar to their method used for approving spot bitcoin…
Coinbase Reenables XRP Trading in New York
May 24, 2024
“Coinbase Reenables XRP Trading in New York” – In a significant development for the cryptocurrency community in the Empire State, Coinbase has reenabled XRP trading in New York. The announcement was made by Paul Grewal, Coinbase’s Chief Legal Officer, via a social media post. Grewal stated, “XRP trading on Coinbase is available again in NY. We heard you and put in the work in strong…
Uniswap Labs has responded to the U.S. Securities and Exchange Commission’s Wells Notice, asserting that its protocol does not fall under the agency’s regulatory jurisdiction. The response emphasizes the autonomous nature of Uniswap’s decentralized finance (defi)…
The U.S. House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) Act for the regulation of crypto assets despite opposition from President Joe Biden and SEC Chair Gary Gensler. This landmark legislation secured a bipartisan…
Leading crypto and tech companies, including Coinbase, Ripple, Meta, Kraken, and Gemini, have formed a coalition to combat online fraud, including crypto scams like the pig butchering scheme. “We are dedicated to disrupting emerging online scams through collaboration, information sharing, and enhanced consumer education,” said Coinbase’s chief security officer.
‘Tech Against Scams’…
New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund…
In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity…
Pompliano Foresees Historic Milestone for Crypto Industry With Potential Ethereum ETF Approval
May 21, 2024
In a series of recent social media posts, renowned crypto investor and influencer Anthony “Pomp” Pompliano has shared his optimistic outlook on the future of the cryptocurrency industry. Highlighting the potential approval of an Ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission, Pomp stated, “If they approve the Ethereum ETF, they are approving the entire…
