In a significant move, the US Court of Appeals has directed the SEC to revisit Grayscale’s application for a spot Bitcoin ETF. This development comes amidst Grayscale’s persistent legal tug-of-war with the regulatory agency over the much-debated ETF proposal.
In Ripple’s XRP/USD ongoing lawsuit, the U.S. Securities and Exchange Commission (SEC) does not have a good chance of winning its appeal against the company.
Lawyer Bill Morgan who is closely following the lawsuit said in an X post that all the odds are in favour of Ripple and there is only a 3%-14% chance for SEC having success in in its appeal against Ripple, CoinTelegraph reported.
Find out more about Ripple’s SEC case and what are the effects of it on token price. Meet and engage with other transformative Digital Asset and Crypto business leaders and investors at Benzinga’s exclusive event: Future of Digital Assets. Tickets are flying: Get yours!
XRP attorney John Deaton…
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Several key pieces of crypto legislation are at a standstill as Republican lawmakers struggle to elect a new House speaker in the United States Congress. Meanwhile, Reddit’s r/CryptoCurrency community sacked two moderators involved in insider trading of the Moons (MOON) token, and Bitcoin (BTC) advocate Jameson Lopp has presented new evidence that could debunk the theory that computer scientist Hal Finney was Bitcoin creator Satoshi Nakamoto.
House speaker vacuum leaves Congress paralyzed on crypto bills
Key pieces of crypto legislation in the United States remain in limbo as lawmakers struggle to appoint a new House speaker.
Without a House speaker, crypto bills passed by the…
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OKX’s chief marketing officer Haider Rafique wants OKX to be as trustworthy as Fidelity.
In an interview with Blockworks, Rafique explained how he’s approaching the company’s rebranding, advertising and the overall state of crypto.
In December 2022, OKX announced that it was planning to rebrand from OKEx to OKX. Rafique helped lead the rebranding, and acknowledged that the campaign has been tough.
“There’s still an appetite to push and bring utility,” he added.
The company is looking to build itself as a “generational brand” like Fidelity, a brand that Rafique himself trusts.
Read more: Tech-first, trust-next: OKX’s roadmap for regaining consumer…
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What happened: On Sunday a total of 1,809.40 Ether ETH/USD worth $3,056,867, based on the current value of Ethereum at time of publication ($1,689.44), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.
Why it matters: On August 5th, 2021, the Ethereum blockchain implemented an important upgrade known as EIP-1159. This Ethereum improvement proposal changed the fee model drastically. Now each transaction includes a variable base fee that adjusts according to the current demand for block space. This base fee is burned, or permanently removed from circulation, lowering the supply of Ether forever.
See Also: How…
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For two years, the cryptocurrency world has been waiting to see how the Internal Revenue Service (IRS) would implement the Infrastructure Investment and Jobs Act. Put simply, this law established new reporting requirements that risked setting a de facto ban on cryptocurrency mining and exposing millions of Americans to new felony crimes. The good news is that the IRS’s nearly 300-page proposal is not quite as bad as it could have been under the law. However, that is far from saying it is good policy.
As citizens, companies, and consultants finish crafting their comment letters ahead of the October 30 response deadline, it’s important to take a step back and recognize why businesses…
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The digital yuan has been used for the first time to settle an oil transaction, the Shanghai Petroleum and Natural Gas Exchange (SHPGX) announced. PetroChina International bought 1 million barrels of crude on Oct. 19.
The transaction was a response to a call by the Shanghai Municipal Party Committee and Municipal Government to apply the Chinese central bank digital currency (CBDC), also referred to as the e-CNY, to international trade, the exchange said. It is “another major step forward” for the digital yuan, according to the state-controlled China Daily.
The seller and the price in the transaction were not disclosed. For comparison, the price of the “OPEC basket” of oil from 13…
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Bitcoin is showing renewed strength and targeting yearly highs. Will altcoins follow suit?
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Brandon Tepper is a senior vice president and global head of data for Nasdaq‘s Investment Intelligence unit.
Tepper’s responsibility includes driving the strategic vision for the business while collaborating with clients, partners and internal stakeholders. His team focuses on creating innovative real-time and historical data products that provide market transparency to investors.
Tepper is among the prominent financial experts attending Benzinga’s Fintech Deal Day event in New York City on Nov. 13, where he will be moderating the panel “From Trading Floors to Digital Screens: The Transformation of Trading.”
With over two decades of experience at Nasdaq, Tepper is the perfect candidate…
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Despite the constant headlines in crypto media about “regulation-by-enforcement” and US politicians trashing the digital asset industry, North America remains the largest cryptocurrency market in the world.
North America had 24.4% of all the value received on-chain between July 2022 and June 2023, which represented about $1.2 trillion of the global crypto transactions, according to a Chainalysis report.
And most of that activity — over $1 trillion of it — originated in the United States.
That’s the same nation whose securities regulator sued Binance and Coinbase in June. Authorities in the US — specifically attorneys in the Southern District of New York — are also…
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