The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase’s attempt to have the regulator’s lawsuit against it dismissed. The exchange had alleged that the agency overstepped its authority and abused its discretion in claiming that digital assets offered on the trading platform were unregistered securities.
SEC Adds Arguments to Support Its Claim That Crypto Assets…
Crypto Exchange Bybit Launches Derivatives Products in South Africa – Africa Bitcoin News
October 5, 2023
Bybit announced on Oct. 2 that it will be offering its crypto derivatives products in South Africa through Money Doc which acts as the crypto exchange’s “juristic representative.” The crypto exchange said its on-ramp service enables South African users to make deposits…
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Key Price Floor on Wednesday – Market Updates Bitcoin News
October 5, 2023
Bitcoin marginally rebounded on Wednesday, after the cryptocurrency collided with a key support point in yesterday’s session. Markets have consolidated Tuesday’s losses, with the global crypto market cap up 0.7% as of writing this. Ethereum remained under the $1,700…
Kevin O'Leary Warns of Crypto Innovation Fleeing US Due to Regulatory Hurdles – Regulation Bitcoin News
October 4, 2023
Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, has expressed concerns that regulatory obstacles will drive crypto innovation away from the U.S. His comments followed a congressional hearing where Congress members grilled U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler over crypto regulation.
O’Leary Expects Crypto Innovation to Leave the U.S.
Shark Tank investor…
Brazilian CVM Resolution Comes Into Effect, Allowing Funds to Allocate Part of Their Portfolios Into Crypto – Bitcoin News
October 4, 2023
The Brazilian Securities and Exchange Commission (CVM) has opened the doors for investment funds to invest in cryptocurrency. Resolution 175, drafted last year and coming into effect on October 2, defines the rules these institutions must follow to invest in crypto, with…
Ripple Gains a Victory as Judge Torres Rejects SEC's Interlocutory Appeal – Legal Bitcoin News
October 4, 2023
U.S. District Judge Analisa Torres rejected the Securities and Exchange Commission’s interlocutory appeal in the regulator’s lawsuit against Ripple, noting the SEC failed to explain why her prior decision was faulty. Torres set a trial date for April 2024 to address the…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Plunge, as Profit Takers Swoop In – Market Updates Bitcoin News
October 4, 2023
Bitcoin retreated from a multi-week high on Tuesday, after cryptocurrencies entered overbought territories. Traders have seemingly opted to capture recent profits, ahead of key data points later this week. Ethereum slipped below $1,700.
Bitcoin
Bitcoin (BTC) edged below the $28,000 level during today’s session, as traders moved to secure Monday’s gains.
After surging to a peak of $28,494 to…
Lido, Coinbase, and Rocket Pool Corner 89% of Ethereum's Booming $20 Billion Liquid Staking Market – Defi Bitcoin News
October 4, 2023
Since 2020, applications for liquid staking on the Ethereum blockchain have seen steady growth, and as of the first week of October 2023, a total of 23 liquid staking derivatives (LSD) platforms hold 12.4 million ether, valued at over $20 billion. Currently, the top three…
Coinbase Obtains License From Singapore's Central Bank — Crypto Exchange Sees Singapore as 'a Vital Market' – Exchanges Bitcoin News
October 3, 2023
The Nasdaq-listed crypto exchange Coinbase has obtained a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), to provide services to both individuals and institutions. “We’ve identified Singapore as a vital market for Coinbase,” the…
Report: Victims of South African BTC Scam Set to Receive Portion of Invested Funds – Africa Bitcoin News
October 3, 2023
Some investors who invested in the South African bitcoin pyramid scheme MTI are set to receive part of their money back once a court rules on how liquidators are supposed to handle claims. Liquidators expect to make more than one payout to affected investors while the process itself is expected to last between two and three years.
Net Losers to Get Between 50% and 60% of Their Money Back
The…
