Pinakabagong Balita sa Crypto at Market Updates

Hinahamon ng Coinbase ang Awtoridad ng SEC na naghain ng mosyon para i-dismiss ang kaso ng securities

Cryptocurrency exchange Coinbase has filed a motion to dismiss the case brought against it by the U.S. Securities and Exchange Commission (SEC), arguing that the agency overstepped its boundaries.　　The SEC had charged Coinbase for failing to register as a securities exchange, broker, and clearing agency. In response, Coinbase contends that the SECs authority is limited to regulating securities transactions, not all forms of investment.　　In June, the SEC initiated legal action against Coinbase, alleging that the popular cryptocurrency exchange had violated securities laws by not registering as a securities exchange, broker, or clearing agency. Coinbase‘s response came on Tuesday, as it called into question the SEC’s jurisdiction over its operations.　　Coinbase‘s central argument hinges on the definition of securities and investment contracts. According to the exchange, the SEC’s authority should be confined to securities transactions, which involve contractual claims related to the future income, profits, or assets of a business enterprise. Coinbase asserts that the SEC‘s complaint fails to establish that the asset trades it identifies involve ongoing contractual obligations related to a business enterprise, thereby concluding that the SEC’s claims are unfounded.　　Coinbase defining investment contracts　　Coinbase contends that the SEC‘s current interpretation of investment contracts is overly broad, potentially giving the agency

2023-10-25Industriya

Ang Injective (INJ) ay Pumapaitaas Nang Makalipas ang $12 na Paglaban, Magpapatuloy Ba ang Bull Rally?

Historically, such extreme media hype has often served as an early warning signal and the price might reach a local top, prompting strategic traders to consider exiting.　　This pattern was evident around July 14 and August 18, when INJs Social Volume spiked to euphoric levels, followed by subsequent price declines. Based on this historical trend, it is plausible to anticipate a retracement if holders begin to lock in profits in the coming days.　　Teknikal na Pagsusuri ng INJ/USD　　Bullish momentum has prevailed in the Injective (INJ) market over the past 24 hours, with prices leaping from an intra-day low of $9.72 to a 20-month high of $12.60. This rally could have been fueled by positive market sentiment and increasing purchasing pressure. If this bullish momentum breaks over the $12.60 barrier, the next level to watch is around $15.　　At press time, INJ was trading at 12.41, representing a 28.13% increase from its intraday low. If negative momentum prevails and the price falls below the current level of $12.41, the next support level to monitor is around $10.00.　　During the bull run, INJs market capitalization and 24-hour trading volume increased by 28.42% and 200.14%, respectively, to $1,043,102,697 and $215,747,960. These substantial gains in market capitalization and

2023-10-25Industriya

Ethereum co-founder Vitalik Buterin sees $42m in weekly gains

Ethereum　　Ethereum co-founder Vitalik Buterin sees $42m in weekly gains　　17 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Ethereum co-founder Vitalik Buterins crypto portfolio has increased by $57 million over the past week, according to blockchain analytics platform Arkham Intelligence.　　The value of the portfolio held in Buterins publicly-known addresses rose by over 14% from $396 million on Oct. 17 to $453 million on Oct. 24.　　The gain coincides with a significant increase in the price of Ethereum (ETH), which makes up the vast majority of Buterins holdings. ETH is currently trading at $1,835, up 9.4% compared to just a week ago.　　Buterin was an early contributor to the Ethereum project. He holds nearly 247,000 ETH spread across various publicly-known wallet addresses. As Ethereum‘s co-founder, he was allocated a significant share of ETH in the project’s early days. With ETH hitting new highs, Buterins stake has substantially increased in value.　　The 27-year-old crypto billionaire is known for periodically donating to charity. Very recently, he dispelled rumors that he sold some of his holdings, claiming that instead, he was donating more money to charity.

2023-10-25Ethereum

Grayscale ETF ruling comes into effect; Bitcoin experiences 7.6% daily gains

Balita ng Ethereum ng Bitcoin　　Courts issued a new mandate concerning Grayscales spot Bitcoin ETF proposal on Oct. 23, followed by gains across multiple markets.　　Grayscale aims to convert its GBTC fund to a spot Bitcoin exchange-traded fund (ETF). Courts issued a judgment compelling the U.S. Securities and Exchange Commission (SEC) to review the relevant proposal on Aug. 29. The matter attracted attention again this week as courts issued a formal mandate that further compels a review.　　The latest mandate has coincided with growth among multiple assets. Grayscale Bitcoin Trust (GBTC) — the subject of the above proceedings — is up 5.9% today.　　The crypto market, meanwhile, has seen broader gains. Bitcoin (BTC) gained 7.6% in the 24-hour period ending 10 p.m. UTC on Aug 24. Bitcoin outperformed Ethereum (ETH), up 3.9% over the same time period, and the entire crypto market, up 5.4%.　　Coinbase stock (COIN), meanwhile, gained 6.3%. Those gains may in part be attributed to a filing deadline in the company‘s own legal case with the SEC or other broader developments concerning the crypto exchange. However, it should be noted that Coinbase is expected to take part in surveillance-sharing agreements for various planned ETFs, including BlackRock’s but excluding Grayscales proposed fund.　　ETF approval

2023-10-25Bitcoin

Hinihingi ni Sen. Elizabeth Warren ang Mabilis na Aksyon Laban sa Crypto-Finaced War ng Hamas ⋆ ZyCrypto

A bipartisan group of lawmakers is urgently calling upon the Biden administration to take swift action against the use of Bitcoin and other cryptocurrencies by Hamas and its associated entities.　　In a letter sent on Tuesday to both the US Treasury Department and the White House, led by Senators Elizabeth Warren, Roger Marshall, and Representative Sean Casten, 105 lawmakers conveyed their “serious concerns.”　　In the letter, they argued that Hamas and a related organization were utilizing digital assets to finance their activities and to circumvent US sanctions.　　sabi ng sulat.　　The legislators subsequently called on the Biden administration to supply approximations concerning the worth of cryptocurrency assets within wallets controlled by Hamas, the extent to which Hamas relies on cryptocurrency to finance its activities, and information about those aiding in the transfer of cryptocurrency to and from Hamas.　　This call comes after Israeli police said in an October 10 statement that it had frozen several crypto accounts that were used to solicit donations for Hamas. Notably, back in May, Reuters reported that Israel had seized around 190 crypto accounts at crypto exchange Binance since 2021, including dozens it said were owned by Palestinian firms connected to Hamas.　　At the time, Binance said the exchange had been

2023-10-25Industriya

Sinasabi ng DCG na ito ay nakipagtulungan sa loob ng ilang buwan sa NYAG bago ang demanda

Digital Currency Group said it “cooperated for months” with the New York Attorney General in its investigation prior to the lawsuit last week.　　“We were blindsided by the filing of the complaint, and there is no evidence of any wrongdoing by DCG, [CEO] Barry Silbert, or our employees, nor are there any compelling factual allegations in the complaint to establish the AGs conclusory assertions regarding DCG,” the letter shared with Blockworks said.　　DCG said it engaged with the investigation in an “open and transparent matter,” prior to the suit. “There are no new material allegations in the complaint about DCG; this is largely a regurgitation of previously raised issues.”　　The NYAG alleged that “the Genesis Entities, [Michael] Moro, DCG, and [Barry] Silbert disguised $1.1 billion in losses through a months-long campaign of misstatements, omissions and concealment.” NYAG Letitia James also claimed that Gemini Earn constitutes an investment contract under the Howey test.　　Outside of the lawsuit, DCG touched on the agreement in principle it reached with Genesis Creditors back in August.　　“We are pleased to report that DCG has already made ~$225 million in payments to Genesis in USD and BTC. These payments, in addition to the full early repayment of the $350 million secured

2023-10-25Industriya

$300 Million Investment Fuels Nym Technologies Privacy Focus

Balita ng Ethereum ng Bitcoin　　Crypto venture firms invest $300+ million in Nym Technologies Innovation Fund.　　Investors include Polychain Capital, Huobi Incubator, Eden Block, and KR1, among others.　　Nyms Innovation Fund focuses on enhancing user privacy in Web3.　　A group of crypto venture firms are investing over $300 million in Nym Technologies through its Innovation Fund, aimed at enhancing user privacy in the crypto landscape. Investors include Polychain Capital, Huobi Incubator, Eden Block, and KR1, among others.　　The Nym Innovation Fund, an initiative launched last year by Nym Technologies, intends to promote a privacy-centric approach in the emerging Web3 ecosystem. This strategic investment aligns with the companys commitment to prioritizing anonymity during financial activities and fostering privacy in Web3.　　This development comes amidst global regulations that try to protect users from illegal activities such as scams, exploitation, and cyberattacks, among others. According to a report from bug bounty platform Immunefi, the Web3 ecosystem lost $3.9 billion worth of crypto due to fraud, hacks, and scams in 2022.　　Harry Halpin, CEO and co-founder of Nym Technologies, emphasized the vital role privacy plays in the success of Web3. He stessed that a decentralized internet must have privacy at its core to avoid replicating the shortcomings of the legacy web.　　In

2023-10-25Industriya

Ang Daan sa Pagkabangkarote

Almost a year after getting caught up in the whirlwind of the cryptocurrency industrys upheaval, BlockFi announced its emergence from bankruptcy. This challenging phase began largely due to the unfortunate collapse of FTX.　　The Link to Alameda and The Downfall　　Diving deeper into the backstory, when BlockFi took the tumultuous step of filing for bankruptcy in November of the previous year, the company highlighted its monetary transactions with FTX‘s sibling enterprise, Alameda. This association was pinpointed as one of the primary triggers for BlockFi’s predicament.　　The Next Steps for BlockFi　　Fast forward to Tuesday, BlockFi articulated its commitment to setting in motion the various strategies outlined in its bankruptcy blueprint. One of these involves striving to reclaim assets they contend are rightfully theirs, particularly from establishments like FTX and Three Arrows Capital.　　However, its essential to note that these pursuits may not be smooth sailing. Both FTX and Three Arrows Capital are navigating the murky waters of their bankruptcy journeys, which can make the asset recovery process intricate and potentially controversial.　　Challenges for FTXs Co-Founder　　Adding another layer of complexity to the narrative, Sam Bankman-Fried, the co-founder of FTX, is currently entangled in a legal battle over fraud allegations.　　Updates for BlockFis Clients　　For those anxious about their financial

2023-10-25Industriya

Bumaba ang Website ng DTCC Pagkatapos Biglang Inalis ang Ticker ng IBTC, Bumagsak ang BTC Sa $34K

Excitement for BlackRocks proposed iShares Bitcoin Trust, a spot bitcoin exchange-traded fund (ETF), faced a setback as the IBTC ticker mysteriously disappeared from a key listings database of Depository Trust and Clearing Corporation (DTCC), triggering a Bitcoin price drop.　　Vanishing Ticker Shakes BlackRocks Bitcoin ETF As DTCC Website Went Down　　Adding to the intrigue, the DTCC website went down after the IBTC listing vanished, underscoring the crypto markets sensitivity to any signs of an SEC-approved spot Bitcoin ETF.　　This rollercoaster began on Monday when the DTCC added BlackRock‘s iShares Bitcoin Trust with the IBTC ticker symbol to its reference database. This move fueled speculation that approval for the world’s largest asset managers spot bitcoin ETF was imminent, causing Bitcoin to surge to over $35,000.　　However, the next day, IBTC was unceremoniously removed from the DTCCs listings without explanation. The abrupt removal not only dashed hopes for imminent approval but also sent Bitcoin tumbling back below $34,000.　　Crypto ETF Uncertainty Amplified by IBTC Ticker　　The vanishing IBTC ticker symbol highlights the regulatory uncertainty surrounding cryptocurrency ETFs in the United States. Despite growing interest and anticipation for such investment vehicles, the SECs stance on these offerings remains a crucial and unpredictable factor affecting the crypto market.　　The fate of

2023-10-25Industriya

Hindi na nakalista ang BlackRock bitcoin ETF sa website ng DTCC

After disappearing early Tuesday, BlackRocks IBTC is back on the DTCC website.　　BlackRocks proposed bitcoin ETF is no longer listed on the Depository Trust and Clearing Corporation website.　　The iShares Bitcoin Trust had previously been the first potential ETF to list on the site.　　Bloomberg analyst Eric Balchunas said that the listing was “notable” and showed BlackRock as “leading charge on these logistics (seeder, ticker, dtcc) that tend to happen just prior to launch.”　　“Hard not to view this as them getting signal that approval is certain/imminent,” he added Monday.　　The developments come amid a rally in the price of bitcoin that has been attributed, at least in part, to positive sentiment around US regulatory approval of a bitcoin ETF. Bitcoins (BTC) price briefly topped $35,000, and as of press time is trading around $33,500.　　Magbasa nang higit pa: Ang BlackRock ay gumagawa ng maliwanag na bagong hakbang sa paghahanda ng bitcoin ETF　　Yet that hoped-for approval may not be as close as some previously thought, given the removal from DTCCs website.　　BlackRock declined to comment when reached, saying that it‘s still within the regulatory agency’s “ filing restriction period.”　　A spokesperson for the US Securities and Exchange Commission declined to comment.　　“Im guessing the SEC made a call to

2023-10-25Industriya

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