The recent settlement between Binance and the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, sheds light on the consequences of unlicensed derivatives trading in the country. This agreement comes after a year-long investigation into Binance’s activities, culminating in a hefty fine of $1.76 million. The CVM had previously ordered Binance to cease its unauthorized
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Australia’s Securities and Investments Commission (ASIC) has taken legal action against the Australia Securities Exchange (ASX) Ltd., alleging that the ASX made misleading statements regarding its blockchain trade settlement project. According to ASIC, the ASX falsely claimed in February 2022 that the project was “on track” for an April 2023 launch and that it was
Coinbase recently submitted a comment letter to the US Securities and Exchange Commission (SEC), where it highlighted significant flaws in the agency’s cost-benefit analysis of the proposed rule. The crypto exchange argued that the SEC has not adequately evaluated the rule’s economic impact on efficiency, competition, and capital formation. Despite recognizing a lack of crucial
Upland, the virtual property trading game, recently made waves with the addition of Paris to its Metaverse. This expansion allowed players to own and develop virtual properties in one of the most famous cities in the world. The introduction of Paris created a buzz among the Upland community, with 75% of properties being snatched up
The current state of the market has left many new Bitcoin investors feeling the pressure of potential financial losses. Various metrics point towards a bearish environment, highlighting factors that can contribute to market volatility, increased selling pressure, and further price declines. One key metric, the Short-Term Holder MVRV ratio, exposes the harsh reality faced by
Recently, liquidators representing Three Arrows Capital (3AC) have taken legal action against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon. The liquidators are alleging that TerraForm Labs engaged in market manipulation, specifically affecting the prices of Luna and TerraUSD. This alleged manipulation resulted in inflated prices for these tokens, which ultimately led
The US spot Ethereum ETFs saw a total inflow of $4.9 million on Monday, with varying levels of activity among the different funds. Grayscale Ethereum Trust (ETHE) stood out by recording no withdrawals, marking a significant change after 14 days of consecutive outflows. This shift in investor sentiment towards ETHE is noteworthy and signals a
As the cryptocurrency industry continues to grow and evolve, there is a pressing need for clear and concise regulations to guide companies in the space. Pro-Bitcoin Democrat House Representative and lawyer Ro Khanna recently expressed his expectations for the Biden administration to release a crypto regulation roadmap in the coming weeks. These expectations stem from
Coinbase, one of the leading cryptocurrency exchanges, has recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposal to expand the definition of “exchange” to include decentralized exchanges (DEXs). The company, along with other industry players, has voiced concerns about the potential negative impact of
Recently, a crypto analyst known as ‘Sensei’ made waves in the industry with a bold prediction for Bitcoin. The analyst suggested that Bitcoin could potentially reach $72,000 in the near future. This forecast was based on a bullish surge in Bitcoin’s price following what many believed to be a bear trap in the market. Sensei