The SEC shook Kraken down for $30M, but it doesn’t mean they had a case
Kraken agreed to a settlement with the SEC, but that didn’t change the law. Staking does not constitute a security. Go to Source Powered by WPeMatico
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SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price
Traders are pivoting into decentralized solutions like GMX, LDO and MKR as the U.S. Securities and Exchange Commission cracks down on the crypto industry. Go to Source Powered by WPeMatico
3 reasons why Binance’s BNB token risks sliding further by March
A slew of technical, fundamental, and on-chain indicators hint at more pain for BNB price in February. Go to Source Powered by WPeMatico
South Korea to examine crypto staking services following the Kraken case
No details on the timeline and methods of the examination were provided, but reportedly it would be conducted moderately as no wrongdoings have been registered in the country. Go to Source Powered by WPeMatico
Circle squashes rumors of planned SEC enforcement action
Rumors swirled on Twitter that the stablecoin issuer received a litigation notice from the U.S. securities regulator but a Circle executive rebuffed the claim. Go to Source Powered by WPeMatico
Binance CEO: crypto industry will probably move to non-dollar stablecoins
The Binance CEO claimed that algorithmic USD stablecoins may become more popular as well, although they “have risks.” Go to Source Powered by WPeMatico
Ethereum’s $1.5K support weakens as ETH traders turn slightly bearish
ETH derivatives data shows bulls becoming less inclined to defend the current price level, creating an opportunity for more downside. Go to Source Powered by WPeMatico
Blockchain Association files amicus brief in Wahi case, says SEC exceeded authority
The industry group cited the Supreme Court’s recently reaffirmed “major questions” doctrine and listed ways the SEC’s alleged regulation by enforcement causes harm. Go to Source Powered by WPeMatico
Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake
Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds a 5.5% stake in the bank, according to a Schedule 13G filing with … Read more
US lawmakers and experts debate SEC’s role in crypto regulation
Senator Tim Scott questioned whether the SEC had been “asleep at the wheel” amid major bankruptcies in the crypto space causing the loss of millions in user funds. Go to Source Powered by WPeMatico