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ADA price is down today, and a handful of onchain and technical factors suggest that the downside is not over for the altcoin. Cardano (ADA) price displays weakness on March 11, down 2.5% over the last 24 hours to trade at $0.7250. A weakening technical setup and several onchain signals suggest that ADA could see…
The SEC sued Cumberland DRW in October, claiming it operated as an unregistered securities dealer in handling more than $2 billion in crypto assets. The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says. “Today we signed a joint filing to be made with the…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, the International Monetary Fund (IMF) has issued new requests under its $1.4 billion deal with El Salvador, aiming to restrict Bitcoin purchases by the…
The dropped lawsuit follows dismissals of other SEC lawsuits and investigations against other cryptocurrency companies like Coinbase and Gemini. The US Securities and Exchange Commission has agreed to drop its lawsuit against Kraken, the cryptocurrency exchange revealed on March 3. The move ends what the exchange calls a “wasteful, politically motivated campaign” and “clears the…
Uphold praised crypto-aware regulators in the US as the company relaunched its staking offering in the country after halting the service in 2023. Cryptocurrency exchange Uphold has relaunched staking services in the US, citing a shift in regulatory policies and a more favorable stance toward digital assets. After resuming crypto staking in the United Kingdom…
A US judge tossed the SEC’s case against Hex founder Richard Heart, stating it couldn’t decide whether he defrauded investors of $12.1 million because the US lacked jurisdiction. A district court judge has dismissed the US securities regulator’s lawsuit accusing Hex founder Richard Heart of raising over $1 billion through unregistered crypto offerings and defrauding…
The Securities and Exchange Commission filed a lawsuit against Elon Musk on Tuesday over an alleged securities violation relating to his acquisition of Twitter, now called X. The SEC claims Musk failed to disclose his 5% ownership stake of Twitter in a timely manner, violating federal securities law, according to a complaint filed in federal…
Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates to Robinhood’s November 2021 confirmation that it was hacked “with…
Elon Musk, the CEO of X and various other companies with the letter “X” in their names, is in regulators’ crosshairs after skipping testimony this month in an investigation related to Musk’s takeover of Twitter. In a filing today, the U.S. Securities and Exchange Commission (SEC) said that it intended to seek sanctions against Musk…
“It’s impossible for me to imagine some other internet store of value [will] leapfrog Bitcoin,” said Jan van Eck as he made his bullish case for BTC. <p>The CEO of investment management firm VanEck says he can’t see a world where Bitcoin (BTC) is overtaken as the leading store of value on the internet. “I…