Coinbase received a Wells Notice from the Securities and Exchange Commission on Wednesday, alleging that the company’s staking products constitute unregistered securities. The notice also mentions “aspects of Coinbase’s exchange… and Coinbase Wallet.” A person familiar with the matter told Decrypt that Coinbase is “confident it will be able to defend its position in court.” The source also said Coinbase leadership…
Coinbase received a Wells Notice from the Securities and Exchange Commission on Wednesday, alleging that the company’s staking products constitute unregistered securities. The notice also mentions “aspects of Coinbase’s exchange… and Coinbase Wallet.” A person familiar with the matter told Decrypt that Coinbase is “confident it will be able to defend its position in court.” The source also said Coinbase leadership…
We’re thrilled to announce that Kraken now supports Arbitrum (ARB)! Funding and trading Funding is live, and trading will begin on March 23 at approximately 13:00 UTC. Add ARB to your Kraken account by navigating to Funding, selecting Arbitrum (ARB) and hitting Deposit. Ticker ARB Tradable against EUR, USD Price precision 3 decimal places Minimum order size 5 ARB Minimum…
Fully integrating a stablecoin or central bank digital currency (CBDC) into the economy would destabilize banks but improve household welfare, a study released by a United States Treasury division has claimed. The harm to banking caused by the digital currencies could be “significant” in times of stress, it found. The Office of Financial Research study considered a theoretical “stable state”…
Tron’s native TRX token plunged today after the U.S. Securities and Exchange Commission hit the blockchain project’s founder with market manipulation, fraud and other charges. TRX was down by 11.6% in the past 24 hours, CoinGecko data showed, trading for $0.059 at the time of writing. Its price had quickly nosedived after the SEC announced the charges against its founder.…
The U.S. Securities and Exchange Commission (SEC) has taken action against Justin Sun, the founder of Tron, and the Tron Foundation, issuing charges for offering unregistered securities and market manipulation. Additionally, a group of influencers have been charged by the organization for promoting tron without disclosing that they were being compensated for their endorsements. Tron Founder Justin Sun Charged…
Arbitrum developers announced an airdrop of its governance token, ARB, to eligible users and DAOs on the Ethereum Layer-2 platform. An average user received around 625 ARB tokens, which corresponds to around $625 to $1,250, according to pre-launch trading prices and popular estimations. The prospect of earning free money has instilled excitement around users looking to hunt the next airdrop…
The United States Securities and Exchange Commission, or SEC, has called for a jury trial against Tron founder Justin Sun for the “orchestration of the unregistered offer and sale, manipulative trading, and unlawful touting of crypto asset securities.” In a March 22 filing in U.S. District Court for the Southern District of New York, the SEC named Sun, the Tron…
The Securities and Exchange Commission (SEC) announced Wednesday that Tron founder Justin Sun and his companies violated securities laws, accusing him of market manipulation, fraud, and airdropping unregistered securities to investors. In addition to Sun himself, the financial watchdog said it was suing the Tron Foundation, BitTorrent, and Rainberry—three companies owned by Sun. The lawsuit claims that cryptocurrencies Tronix (TRX)…
Gnosis co-founder and COO Friederike Ernst doesn’t like seeing “decentralization” thrown around as a superficial marketing term. It’s why she takes such pride in the fact that it’s very affordable right now—1 GNO token, about $108 at the time of writing—to become a validator on the Gnosis Chain. For context, it costs 32 ETH, worth almost $58,000, to become a…
