Category: Latest news
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Court decision on Grayscale v. SEC lawsuit could prove crucial for spot Bitcoin ETF applicants
[ad_1] Investors and applicants interested in spot Bitcoin exchange-traded funds (ETFs) are keeping a close eye on the ongoing court case between Grayscale and the U.S. Securities and Exchange Commission (SEC On June 29, 2022, the U.S. SEC rejected Grayscale’s application to convert the Grayscale Bitcoin Trust to a spot Bitcoin ETF. The same day,…
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New UK crypto ad laws will go into effect in October
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Unpacking NEAR and Ethereum’s contrasting approaches to blockchain scalability
[ad_1] The landscape of blockchain scalability has evolved significantly in recent years, with Layer-2s (L2s) and sharding emerging as the two dominant approaches. Ethereum, a key player in the crypto industry, has adopted rollup-centric L2s to scale its network, while NEAR protocol has taken a different path, choosing to scale via sharding. Both strategies offer…
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Coinbase’s market share is on the rise in spite of SEC actions
[ad_1] Coinbase’s market share climbed to its highest point since January 2023 in June despite the U.S. Securities and Exchange Commission lawsuit against the firm, according to Kaiko data. According to the chart below, Coinbase has consistently controlled around 50% of trading activities in U.S.-regulated exchanges since the beginning of the year. However, its market…
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Which Bitcoin miner has been the year’s top performer?
[ad_1] Quick Take Among Bitcoin miners, the most remarkable performance this year has come from Core Scientific, whose value has impressively soared by over 1000%. Notably, this substantial upswing came on the heels of the company filing for bankruptcy and laying out reorganization plans just two weeks prior. It is, however, important to highlight that…
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Blue-chip NFTs hit hard as over 1,200 liquidations rock market
[ad_1] The NFT market experienced a significant shock in the past three days, with over 1,200 NFTs being liquidated due to a record-low plunge in the floor price of several prominent or ‘blue-chip’ NFTs Data from the NFT analysis site, Snow Genesis, shows that hundreds of NFTs used as collateral for loans are at risk…
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Coinbase officer argues U.S. student loan ruling sets precedent for SEC on crypto regulation
[ad_1] Coinbase Chief legal officer Paul Grewal said on July 4 that the U.S. Securities and Exchange Commission’s (SEC) interpretation of “investment contract” violates the law judging by a recent Supreme Court opinion. In a July 4 Twitter thread, Grewal claimed that the SEC’s interpretation contradicts the Nebraska case’s Supreme Court’s Major Questions Doctrine opinion.…
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Ripple executives applaud UK crypto regulations, claim US lags behind
[ad_1] Ripple senior executives Andrew Whitworth and Susan Friedman have praised the United Kingdom’s approach to the crypto industry, arguing that the country was leaving the United States behind regarding crypto regulations. The executives made these statements in reaction to the Royal approval of the Financial Services and Markets Bill, which made crypto trading a…
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Bitget to launch crypto lending service
[ad_1] Seychelles-based crypto exchange Bitget said in a July 4 press release that it had launched a cryptocurrency lending product. Users can stake coins for more liquid assets. Users of Bitget’s new Crypto Loans service will be able to stake coins that are in low demand. In return, Bitget will lend those users more liquid…
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Bitcoin market dynamics shift with rising leverage amid bullish investor sentiment
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…