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Kraken Seeks To Get SEC Lawsuit Overturned
On February 22, crypto exchange Kraken submitted a motion to dismiss a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC). The lawsuit, filed last November, accuses Kraken of operating as an unregistered exchange, broker, and clearinghouse.... -
US Authorities Urge Federal Judge to Accept Binance Plea Deal Over Alleged Law Violations
The Federal Judge in the United States is currently deliberating on the approval of a plea agreement between Binance, a notable cryptocurrency exchange, and law enforcement authorities. However, the deal decides the punishment for Binance breaking the law. Prosecutors believe... -
Interest in Bitcoin Surges as Price Tops $50K, Anticipation Peaks for April 2024 Reward Halving
A recent study analyzed Google search trends related to "bitcoin," revealing interesting discoveries. Despite the surge in bitcoin's value surpassing $50,000, the level of public interest remained relatively subdued. However, a notable surge in enthusiasm was observed surrounding the forthcoming... -
SEC Attorney Moves To Law Firm Defending Crypto Companies
Ladan Stewart, a former lawyer with the Securities and Exchange Commission (SEC), has become a partner at the White & Case LLP law firm. Stewart is recognized for handling prominent cases involving Ripple and Coinbase. Her decision becomes intriguing as... -
Crypto Group Warns Senate Banking Chair On Endorsing Elizabeth Warren’s AML Bill
In a letter on February 20, The Chamber of Digital Commerce (CDC) urged Senate Banking Chair Sherrod Brown to halt endorsements on the Digital Asset Anti-Money Laundering Act (DAAMLA). The CDC emphasized that this bill proposed by Brown and Senator... -
Historian Names 3 US Presidents That Would Have Bought Bitcoin
Luke Nichter, a scholar of presidential history at Chapman University, has named three former US presidents who might have been receptive to Bitcoin. Nichter contends that only some US presidents would have embraced Bitcoin as an official currency due to... -
VanEck Sanctioned By SEC For Error In ETF Marketing
On February 16th, the Securities and Exchange Commission (SEC) announced that it fined VanEck, an investment management firm. The fine was a $1.75 million civil penalty settlement. This settlement would resolve allegations of failure to disclose the involvement of a... -
Phoenix Group’s IPO Success Leads to 50% Increase in Net Income and 20% Growth in Annual Sales
Phoenix Group, a company based in Dubai that focuses on Bitcoin mining and blockchain infrastructure, recently had its initial public offering (IPO), which was extremely popular and overpurchased. Following this successful IPO, the company has shared some exciting financial news.... -
Big Banks Lobby SEC for Inclusion in Lucrative Bitcoin ETF Market
On February 14, a coalition of major financial institutions in the US proposed a letter to SEC Chair Gary Gensler. The trade group wants the regulatory body to revise crypto asset definitions. If accepted, this could enable them to serve... -
Coinbase Stock Rises After Posting Its First Profit Since Q4 2021
Coinbase stock (NYSE: COIN) is trading sharply higher in US premarket price action today after the company shattered Q4 earnings estimates and posted its first quarterly profit since Q4 2021. Coinbase reported revenues of $954 million in the quarter which...