Coinbase recently voiced its objection to the SEC’s $2.6 billion budget request for the 2025 fiscal year. The cryptocurrency exchange criticized the SEC for allocating a significant portion of the budget, $812.4 million, to enforcement rather than towards creating regulatory clarity. Coinbase argued that the SEC’s heavy focus on enforcement does not benefit the crypto
Cons
The European Banking Authority (EBA) recently released comprehensive guidelines focusing on recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) under the Markets in Crypto-Assets (MiCA) regulation. This new framework is crucial for maintaining compliance with regulatory standards and ensuring the stability of the crypto-asset market in the EU. The guidelines introduced
Recently, Terraform Labs found itself in a legal battle with the Securities and Exchange Commission (SEC), culminating in a $4.47 billion settlement related to fraudulent activities surrounding the defunct Terra blockchain. The SEC sought approval from US District Judge Jed Rakoff for a “proposed final consent judgment” involving Terraform and its co-founder, Do Kwon. The
In a recent statement, Terraform Labs CEO Chris Amani revealed that Terra will transition into a community-led project as the company prepares to wind down operations in the wake of a $4.5 billion SEC settlement. Amani emphasized the need for the community to “take over ownership of the chain” moving forward. He expressed confidence that
On Wednesday, a groundbreaking NFT-based card game named Parallel made its debut on the Epic Games Store. This move strategically positioned Parallel in front of the platform’s extensive audience of over 270 million users, 75 million of which are active on a monthly basis. With Parallel now among the top PC games on the Epic
The native token of Ethena, ENA, has been experiencing a substantial amount of selling pressure in recent weeks. This downward trend in price led to ENA plummeting to $0.73, marking its lowest point since May 20th. The consequences of this sharp decline have been particularly harsh on ENA stakers. The Whale’s Move In a shocking
Prominent crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin, suggesting that the cryptocurrency could rise to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. According to his analysis, BTC’s rally to this unprecedented price level is expected to happen sometime in 2025. This long-term prediction indicates a
The latest release of the US Consumer Price Index (CPI) data sparked a notable surge in Bitcoin and the broader cryptocurrency market. Bitcoin and Ethereum saw gains of 3.4% and 2.43% respectively over the past 24 hours. Despite the uncertainty in the crypto market, with Bitcoin hovering around $70,000 and Ethereum struggling to break $4,000,
Several crypto analysts have shared their insights on the future trajectory of Bitcoin, especially in light of its recent tepid price action following the halving. One analyst, known as CrediBULL Crypto, recently took to social media platform X to predict that Bitcoin would soon rise to $100,000. He suggested that this upward trend would kick
One of the most notable upgrades in B2BinPay v20 is the incorporation of TRX Staking, a feature built on the advanced Stake 2.0 mechanism of the TRON community. This enhancement offers users increased flexibility, simplified interactions, and improved efficiency in resource delegation and utilization. By staking TRX, B2BinPay clients can earn a passive annual yield