The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against Coinbase Global Inc., marking a significant progress in the ongoing debate over cryptocurrency regulation. The lawsuit, originally filed in 2023, accused Coinbase of operating as an unregistered securities exchange. Coinbase has consistently denied these allegations, asserting that its business practices adhere…
XRP has surged past the $1.62 level, placing it less than 5% away from the crucial $2 mark. This impressive rally has seen the price gain over 50% since last Tuesday, capturing the attention of both investors and analysts. The bullish momentum suggests the price could continue its upward trajectory, fueled by growing optimism and…
Image: Envato/Weedezign_photo The U.S. Federal Bureau of Investigation has confirmed that North Korea was behind the theft of $1.5 billion worth of digital tokens from cryptocurrency exchange firm Bybit last week. This is thought to be the biggest crypto heist of all time. The FBI’s PSA about this “TraderTraitor” attack In a Public Service Announcement,…
Hong Kong’s Securities and Futures Commission (SFC) unveiled its “ASPIRe” roadmap, a strategic plan with 12 key initiatives aimed at strengthening the city’s virtual asset ecosystem. What’s the significance: With crypto regulations still unfinished, Philippine regulators could view Hong Kong’s ASPIRe roadmap as a guide to enhance licensing, investor protection, and market infrastructure to remain…
There’s no way to sugarcoat what transpired in the cryptocurrency market in the past week. Take bitcoin, for example. It challenged the $100,000 level on February 21 but slumped by over twenty grand in the following week to dump to a three-month low of $78,000 last Friday, February 28. Although it managed to recover some…
Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar losses after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up nearly 14 million Melania (MELANIA) last month for about $30 million, only to sell off all his holdings this week…
Bybit has nearly fully restored its Ethereum (ETH) reserves following one of the largest cryptocurrency hacks in history. The attack, which was linked to North Korea’s Lazarus Group, resulted in the theft of $1.46 billion in ETH and stETH from the exchange’s cold wallets. However, Bybit CEO Ben Zhou confirmed that the platform has now…
On Tuesday, Ripple CEO Brad Garlinghouse revealed that the New York State Department of Financial Services (NYSDFS) has granted final approval for the firm’s inaugural stablecoin, RLUSD. Ripple Set To Enter Stablecoin Market With the release of RLUSD, Ripple hopes to provide a reliable option for clients interested in digital currencies while limiting the volatility…
The devil might be putting in overtime, but the Saturday Night Live writers? They’re basically on a Red Bull IV drip. With less than 24 hours to work with, the SNL team whipped up a cold open roasting the now-infamous White House “meeting” between President Donald Trump and Ukrainian President Volodymyr Zelenskyy. And yes, “meeting”…
Following the very big news by CME Group, the trade price of the Solana ($SOL) coin surged rapidly. Summary CME Group announced the date for Solana futures product launch. Regulatory approval is still pending for this product. CME Group executive planning Solana spot ETF, following the launch of Solana futures. Solana is a popular Proof-of-Stake…
