Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC’s reasoning in its Sept. 22 objection. Source: https://cointelegraph.com/app/public/index.php/news/sec-raises-concerns-over-coinbase-in-objection-to-celsius-restructuring-plan
Month: September 2023
MetaMask ‘glitch’ caused opBNB recommended fees to be too high: Report
A “glitch” in MetaMask that caused it to overestimate opBNB gas fees has now been fixed, according to a social media post from BNB Chain. Many users pay the default recommended fee displayed in their wallets, so a misestimation can cause users to overpay. Together with our friends at @MetaMask, we’ve resolved a glitch that made it seem like opBNB’s…
SEC Objects to Coinbase’s Role in Celsius Bankruptcy Distribution Plan
The U.S. Securities and Exchange Commission (SEC) and crypto exchange Coinbase have locked horns over the role that collapsed crypto lender Celsius wants the exchange to play as a distribution agent. In a Friday filing, the top regulator said that Celsius’ plan to use Coinbase as a distribution agent for international customers “[goes] far beyond the services of a distribution…
SEC raises concerns over Coinbase in objection to Celsius restructuring plan
Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC’s reasoning in its Sept. 22 objection. Source: https://cointelegraph.com/public/index.php/news/sec-raises-concerns-over-coinbase-in-objection-to-celsius-restructuring-plan
NASA plans to prove its next Moon landing is real using blockchain
NASA and its partners Lonestar, a computing startup based in Florida, and the Isle of Man, will send a payload to the Moon containing “data cubes” in February of 2024. The data secured in these cubes will be verified back on Earth using blockchain technology. If all goes to plan, when NASA launches its second crewed mission, Artemis 3, in…
mBridge CBDC project preparing for new members, launch of minimum viable product
Project mBridge may soon see significant expansion, according to Hong Kong Monetary Authority (HKMA) CEO Eddie Yue. He outlined the plans for the central bank digital currency (CBDC) project in a speech in Shanghai. Yue said tests have shown mBridge to provide faster, cheaper and more transparent cross-border payments. The project was initiated in 2021 with the participation of the…
Price analysis 9/25: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL
The strength in the United States dollar index could keep Bitcoin and select altcoins under pressure in the near term. Source: https://cointelegraph.com/public/index.php/news/price-analysis-9-25-spx-dxy-btc-eth-bnb-xrp-ada-doge-ton-sol
Hong Kong to tighten crypto regulation, Thailand to tax crypto overseas: Law Decoded
Hong Kong regulators are looking to tighten the noose around the crypto market after arresting six individuals following allegations of fraud around an unlicensed crypto exchange, JPEX. The government intends to increase its efforts to inform investors and remind them only to utilize platforms granted Securities and Futures Commission licenses. Meanwhile, Thailand’s Revenue Department plans to impose personal income tax…
This Update Could Change Bitcoin Development Forever
“Libbitcoinkernel” is a far-reaching, in-progress face-lift of Bitcoin’s code that’s been flying under the radar, but is likely to make it easier for developers to experiment with changes to Bitcoin. The goal of the ambitious project is to untangle Bitcoin Core’s code—the main software underlying Bitcoin—so that much of the “security-critical” code is sliced out from the rest of it.…
SEC raises concerns over Coinbase in objection to Celsius restructuring plan
The United States Securities and Exchange Commission (SEC) has filed an objection to Celsius Network’s reorganization plan based in part on the regulator’s own ongoing lawsuit with crypto exchange Coinbase. In a Sept. 22 filing in U.S. Bankruptcy Court for the Southern District of New York, the SEC filed a limited objection and reservation of rights over Celsius’ most recently…