Author: CryptooTimes

“This historic settlement is a major step toward ensuring the victims who invested in Genesis have a semblance of justice,” Attorney General Letitia James said in a statement. “Once again, we see the real-world consequences and detrimental losses that can happen because of a lack of oversight and regulation within the cryptocurrency industry.” Source link

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Ethereum (ETH), the second-largest asset by market cap, has surged by 17% following news of a higher success rate for its exchange-traded fund (ETF) to be approved by the U.S. Securities and Exchange Commission (SEC). On May 20, Ethereum experienced a significant surge, currently trading at $3,658 with a 24-hour market volume of $37 billion. The rise followed after Eric Balchunas, a senior analyst at Bloomberg, raised the odds of Ethereum exchange-traded fund approval from 25% to 75%. The analyst noted that the U.S. SEC’s quickening pace to approve the ETF might be a result of the agency facing political…

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP experiences significant accumulation by whales, while Borroe Finance (ROE) emerges as a key web3 player with new crowdfunding solutions. XRP has been witnessing a notable accumulation spree, given that whales have been setting foot in the network at a high rate. Meanwhile, Borroe Finance (ROE) emerges as a major web3 player thanks to its long-term goal of taming the short-term capital challenge. Borroe Finance offers unique web3 crowdfunding solution Given that the crowdfunding sector is an important sector…

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Polimec, a decentralized and community-driven funding protocol designed to transform how Web3 projects raise capital and issue tokens, has officially launched on Polkadot. Polimec offers a transparent, regulatory-compliant environment that connects investors and startups on a global scale. Community-Driven Web3 Fundraising According to a statement shared with CryptoPotato, Polimec represents a significant advancement in Web3 fundraising engagement. The platform enables community members to assess and support innovative projects, driving the future of decentralized initiatives. “Polimec enables emerging web3 projects, focused on the Polkadot ecosystem, an opportunity to achieve their funding goals. This will maximize their prospects of developing transformative blockchain…

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In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity, safeguard investors, and deter financial crimes. The rules mandated digital asset exchanges to register, adhere to anti-money laundering (AML) practices, […] Source link

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As a result of this significant development, the ether implied volatility curve, which shows market expectations of future volatility across different strike prices and expirations, flattened as 25-delta risk reversals hit YTD highs above 18%, and traders heavily bought $4000 calls for 24 May 2024 and 31 May, Presto Research analysts wrote in a note shared with CoinDesk. Source link

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