The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raising concerns over investor protection. The charges seek injunctive relief and […] Source: https://news.bitcoin.com/sec-charges-cumberland-drw-for-unregistered-2-billion-crypto-securities-dealings/
Tron founder Justin Sun is many things. You can now count prime minister among them. This week, the micronation of Liberland—a largely theoretical European state cooked up by right-wing libertarians in 2015—announced that it elected Sun to serve as its head of state. So what exactly does that mean in practical terms? It depends on who you ask. The average…
Demand for digital asset exchange-traded funds (ETFs) isn’t slowing down, with nearly half of all investors surveyed for a new report claiming they were planning to invest in the American crypto products. It isn’t just the interested boomers buying via brokerage accounts: millennials are also keen to snap up the new products, according to a Thursday report by Charles Schwab.…
New analysis suggests $1.3B of ETH from Plus Token Ponzi could be headed to exchanges; Upbit monopoly sparks bank run fears. Asia Express. Source: https://cointelegraph.com/magazine/plus-token-ether-fud-crypto-king-asia-express/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and flexible collateral option that generates daily yield. The assets are secured in a segregated account at […] Source: https://news.bitcoin.com/deribit-launches-us-yield-coin-usyc-as-new-yield-bearing-cross-margin-collateral-option/
UNI defies the marketwide sell-off by posting a 10%+ gain after the launch of Unichain. Source: https://cointelegraph.com/news/uniswap-uni-books-25-weekly-gain-after-unichain-launch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Fintech company Ripple Labs moved Thursday to cross-appeal a federal judge’s decision in its years-long legal battle with the Securities and Exchange Commission (SEC) over XRP sales. In a one-sentence filing, Ripple informed the U.S. District Court for the Southern District of New York that the firm would appeal a ruling delivered by U.S. District Judge Analisa Torres in August.…
What happened to “Uptober” for Bitcoin? Despite being 10 days into October—a month famed by investors for rising crypto prices in the past—the price of the leading asset is struggling. Bitcoin’s price dropped below $60,000 per coin Thursday afternoon New York time, even briefly dipping below the $59,000 mark. It now stands at $59,810. The asset is now well below…
The tiny kingdom, formerly known as Swaziland, is looking at better domestic accessibility and cross-border trade with a proposed CBDC. Source: https://cointelegraph.com/news/eswatini-releases-design-digital-lilangeni-tokenized-retail-cbdc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Liberland was founded by Czech libertarian politician Vít Jedlička on April 13, 2015, in an area located between Croatia and Serbia. Source: https://cointelegraph.com/news/justin-sun-elected-prime-minister-liberland-sovereign-micronation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
