During a hearing on July 11, Judge Katherine Polk Failla expressed doubts about Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing case against the cryptocurrency exchange. The hearing highlighted Coinbase’s persistent efforts to obtain Gensler’s communications, including statements made before he assumed the role of SEC Chair in 2021. Judge Failla seemed
In a recent development, the Securities and Exchange Commission (SEC) has officially closed its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action. This investigation, which spanned over three years, has been a significant chapter in the history of the Bitcoin Layer-2 network. The investigation was initiated following the first-ever SEC-qualified
Ethereum’s price has recently experienced a decline after facing rejection at the $4,000 resistance level for the second time. The daily chart reflects a pattern of lower highs and lows since failing to break through the $4,000 level. Additionally, the market has broken below the 200-day moving average, hovering around the $3,100 mark. Currently, the
In March, Bitcoin reached a record high of over $73,000, igniting discussions among industry observers and experts about whether the digital currency has reached its peak in this market cycle. However, a detailed examination by a crypto analyst suggests that Bitcoin still holds significant potential for further growth. The analyst, known as ‘CryptoCon,’ recently shared
In the fast-paced world of Web3, managing onchain activities can be a daunting task. The introduction of the Coinbase Wallet Web3 app aims to simplify and streamline the onchain experience for users. This article delves into how the app works and why it has the potential to become an indispensable tool in the Web3 space.
Growing up in Edo State, Nigeria, my family has played a significant role in shaping my values and aspirations. With three siblings who have always been my idols and mentors, I have been fortunate to have a support system that encourages me to grow and understand the way of life. My parents, in particular, have
Decentralized Autonomous Organizations (DAOs) have garnered significant attention as innovative blockchain-based communities designed to achieve common goals. However, the UK Law Commission’s scoping paper raises critical questions about the legal characterization of DAOs within the country. The Commission’s central thesis revolves around the lack of consensus on what exactly constitutes a DAO and how it
Justin Sun, the founder of Tron, recently made headlines by investing $5 million in Ethereum (ETH), the world’s second-largest cryptocurrency. This investment was revealed through a transaction discovered by Spot On Chain, an AI-driven on-chain analytics platform. Sun reportedly purchased 1,614 ETH tokens at an approximate price of $3,097 per ETH, bringing his total ETH
Recent reports have highlighted significant exceptions granted by the US Securities and Exchange Commission (SEC) to certain financial institutions affected by Staff Accounting Bulletin No. 121 (SAB 121). These exceptions have sparked discussions within the industry regarding the implications for crypto accounting compliance and the broader landscape of the crypto industry. The SEC’s decision to
The recent actions taken by the German state of Saxony have raised eyebrows in the crypto community, as they have been swiftly depleting their Bitcoin reserves. After seizing Bitcoin from Movie2K earlier this year, the German government began auctioning off around $3 billion worth of BTC. On Thursday, a significant amount of 10,567 BTC (about