The Securities and Exchange Commission (SEC) categorized six cryptocurrencies as securities in its lawsuit against crypto exchange Bittrex on Monday, highlighting them as potentially pivotal assets in an enforcement action against the Seattle-based firm. The crux of the SEC’s complaint against Bittrex is that the platform failed to register with the watchdog as an exchange, broker-dealer, or clearing agency—a requirement…
According to statistics compiled by user @Henrystats on Dune Analytics, the number of accounts, or wallet addresses, for Ethereum layer-2 scaling solution Arbitrum (ARB) surpassed 5 million on Apr. 17. Aside from individual addresses, there are now more than four million active accounts in the ARB ecosystem with nearly 200 million transactions having been completed since inception. The growth has…
Glassnode’s latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019. The report shows that the Long-Term Holder (LTH) supply is just shy of a new all-time high with a total supply balance of 14.161 million BTC. In contrast, short-term holders (STH), who…
Polygon Labs, an Ethereum layer-2 scaling solution, has called on policymakers in the European Union to “clarify the scope and intent” in legislation targeting smart contracts. In an open letter published to members of the European Parliament, the European Council, and the European Commission on April 17, Polygon proposed Article 30 under the Data Act be amended to apply to…
After selling out its first premium NFT drop in a matter of minutes last month, coffee chain giant Starbucks is set to launch another collection this week—and suggests that a public launch for its Odyssey Web3 rewards program may be nearing. On Wednesday, April 19, Starbucks will launch its First Store Collection, a set spanning 5,000 NFT “stamp” collectibles minted…
This year, there has been a flurry of news reports and opinion editorials discussing an alleged de-dollarization trend amid a wave of disclosures associated with the BRICS bloc. In a recent article, the American political scientist and author Ian Bremmer insisted that claims of the U.S. dollar dying are overblown. In addition to Bremmer’s comments, economist Paul Krugman also asserted…
Big investors continue to feel bullish on Bitcoin, with more cash flowing into funds from institutions, according to a new report. Last week, investors plugged over $114 million into big funds for the fourth consecutive week, digital assets firm CoinShares said in a Monday report. The cash flowed into big funds for accredited investors, such as Grayscale, 3iQ, and 21…
On Apr. 17, derivatives marketplace Chicago Mercantile Exchange (CME) Group, announced it will broaden its range of cryptocurrency options by adding new options to its standard and micro-sized Bitcoin (BTC) and Ether (ETH) contracts. Pending regulatory review, these new contracts will be available from May 22, and expiries will be available every day of the business week from Monday to Friday. …
Last week came in preparation for April 19, when the United States House Financial Services Committee will hold a hearing on stablecoins. The hearing will include information collected by various federal government agencies over the last year. Among the participants are Jake Chervinsky, the chief political officer at the Blockchain Association, and Dante Disparte, the chief strategy officer of Circle. …
Bitcoin and select altcoins are witnessing a pullback, indicating that traders may be booking profits and reducing risk. Source: https://cointelegraph.com/news/price-analysis-4-17-spx-dxy-btc-eth-bnb-xrp-ada-matic-doge-sol
