Coinbase has strongly denied that it listed securities on its platform, according to a July 21 blog post by Paul Grewal, the firm’s Chief Legal Officer. 1/ Coinbase doesn’t list securities. Period. ⬇️ — paulgrewal.eth (@iampaulgrewal) July 21, 2022 SEC classifies nine crypto assets as securities The Securities and Exchange Commission (SEC), in a July…
US lawmaker Brad Sherman has questioned why the Securities and Exchange Commission (SEC) has not gone after crypto exchanges facilitating Ripple (XRP) trades if it considers it to be a security. Sherman raised this question during the Investor Protector subcommittee oversight hearing on July 19. Sherman said: “The division has determined that XRP is a…
Layer-1 blockchain Solana (SOL) is faced with a class-action lawsuit in California filed by Mark Young, an investor in the token. According to the court filing, the Solana Foundation, Anatoly Yakovenko, Solana Labs, Multicoin Capital, and FalconX profited from the sale of an unregistered security. Mark Young had bought SOL between August and September 2021…
Ripple Co-founder Jed McCaleb will sell out his XRP holdings this week, according to a tweet from the founder of XRPArcade, Leonidas, on July 10. McCaleb would be selling 4.215 million units of XRP per day this week. He would finish selling the remaining 22.16 million XRP on July 16. Jed will be selling 4.215M…
Based on recent price performance, the crypto market is at its lowest ebb for the first time in a very long time. According to data on CryptoSlate, most meme coins have lost more than 80% of their ATH value in this current market downturn. Dogecoin and Shiba Inu lead meme coin losses Data from CryptoSlate…
CoinMarketCap (CMC) was at the center of a controversy today after the market data aggregator tweeted that Ripple’s XRP wasn’t a real cryptocurrency. CMC had shared an image of a game that required the players to find the impostor amongst digital assets like Bitcoin, BNB, Ethereum, XRP, and others. While the controversial tweet has now…
After seven consecutive weeks of inflows, crypto investment products recorded significant outflows last week, according to the latest report by institutional crypto fund manager CoinShares. The report which analyzes weekly flows into cryptocurrency funds suggests regulatory concerns and geopolitical turmoil have diminished investor interest in both the Americas and Europe. $80 million of the outflows…
Crypto investment products attracted large inflows in the Americas last week, versus minor outflows recorded in Europe, according to the latest report by institutional crypto fund manager CoinShares. The report which analyzes weekly flows into cryptocurrency funds suggests enduring investor interest despite the geopolitical unrest which spurred a sell-off in risk assets. Bitcoin attracts $95…
Despite the raging conflict in Eastern Europe, crypto investment products saw inflows totaling $36 million in the week ending February 28, according to the latest report by institutional crypto fund manager CoinShares. However, the report which analyzes weekly flows into crypto asset funds observed regional variances–while the Americas saw inflows, European investment products recorded outflows….
Russia’s invasion of Ukraine has officially begun, as President Vladimir Putin announced that he is launching a “special military operation” in the country. Putin’s move was followed by reports of explosions in multiple major Ukrainian cities, including the country’s capital, Kyiv. Ethereum co-founder Vitalik Buterin, once again voiced his distress about the conflict, calling out…