[ad_1] The US Securities and Exchange Commission (SEC) has instituted a lawsuit against Metamask developer, Consensys. The Commission alleges that the crypto firm violated securities laws by acting as an unregistered securities broker. Related Reading SEC Accuses Consensys Of Violating Securities Laws Using Metamask According to the court document, the SEC claims that Consensys has acted “as an unregistered broker of crypto asset securities through its MetaMask Swaps service” since October 2020. The Commission also accused the crypto firm of engaging in the unregistered offer and sale of securities through crypto staking programs. The SEC stated that Consensys has brokered…
Author: dfrancis36
[ad_1] The foremost meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) have failed to show any sign of life following the recent market decline. These crypto tokens have traded sideways despite other altcoins enjoying relief bounces. Why Dogecoin And Shiba Inu Continue To Trade Sideways Dogecoin and Shiba Inu are believed to have maintained unimpressive price actions partly because of Bitcoin. Data from the market intelligence platform IntoTheBlock shows that Dogecoin and Shiba Inu’s price correlation with the flagship crypto is almost close to ‘1’, which “implies a strong positive correlation” between their prices and that of Bitcoin. As such,…
[ad_1] The cryptocurrency market has been a rollercoaster ride in 2024, with many tokens experiencing significant losses. However, amidst the chaos, XRP, the native token of Ripple, has stood out as a beacon of stability. While not immune to the overall market dip, XRP has remained relatively range-bound, minimizing losses and sparking renewed optimism among analysts and investors alike. Related Reading Stability Breeds Bullish Sentiment While Bitcoin and Ethereum have taken significant hits this year, XRP has displayed remarkable resilience. This stability is attributed to several factors, including its utility-driven nature. The altcoin is designed to facilitate faster and cheaper…
[ad_1] Nigeria’s once frosty relationship with crypto appears to be entering a cautious thaw. Emomotimi Agama, Director-General of the Nigerian Securities and Exchange Commission (SEC), recently made comments suggesting a shift away from the government’s hardline stance against digital assets. This comes after months of regulatory conflict that saw the likes of crypto giant Binance face intense scrutiny, service restrictions, and even executive detention. The government’s initial approach focused on curbing the influence of crypto, citing concerns about market manipulation and investor protection. The Allure Of Crypto: A Boon For The Unbanked? Agama’s remarks, delivered at a financial conference, acknowledged…
[ad_1] 21Shares has now officially filed paperwork in hopes of launching a Solana (SOL) exchange-traded fund (ETF). The fintech firm submitted a registration statement with the U.S. Securities and Exchange Commission (SEC) on Friday for the “21Shares Core Solana ETF,” which would trade on the Cboe BZX Exchange if approved. Three years ago, 21Shares’ European affiliate launched the world’s first Solana ETF in Europe, the 21Shares Solana Staking ETP (ASOL). The financial product has more than $846 million in assets under management as of June 27th. The fintech firm says the recent SEC filing is “essential for democratizing access to…
[ad_1] With the current crypto market crash being spearheaded by Bitcoin, the FLOKI price has taken a significant hit. Where others have seen between 5-20% decline, FLOKI has lost more than half of its all-time high value, driving back downward toward April levels. However, this may be short-lived as a crypto pundit has predicted a possible turnaround in the meme coin’s price. The FLOKI Price Is At A Critical Junction According to crypto analyst Cryptorphic, the fact that the FLOKI price has been able to maintain an important support level bodes well for it going forward. This support level is…
[ad_1] Crypto analyst Altcoin Sherpa has provided a bullish narrative for Fantom (FTM), suggesting that the crypto token could soon make a significant rally to the upside. The analyst also hinted at how Fantom could rise when this happens. Fantom Could Rise To As High As $1.2 Based on the chart Altcoin Sherpa shared, Fantom could rise to as high as $1.2 on its next leg up. In the meantime, the analyst noted that the crypto token is consolidating at a key level. He added that he expects Fantom to form a chop range between $0.50 and $0.70 for a…
[ad_1] The US Securities and Exchange Commission (SEC) has intensified its legal battle with the crypto industry by filing a lawsuit against ConsenSys, a blockchain firm known for its MetaMask wallet product and its focus on the Ethereum network. The SEC alleges that ConsenSys violated federal securities laws by operating as an unregistered broker and dealer while offering services for “crypto securities,” amassing fees exceeding $250 million. SEC Lawsuit Against ConsenSys The SEC’s lawsuit against ConsenSys echoes similar complaints against other crypto firms such as Coinbase and Kraken. However, what sets this lawsuit apart is the context surrounding ConsenSys’ response…
[ad_1] A widely followed crypto analyst and trader believes that one Ethereum (ETH) rival is well below fair market value. Crypto trader Michaël van de Poppe tells his 722,500 followers on the social media platform X that layer-2 scaling solution Polkadot (DOT) could follow ETH’s upward trend. “DOT is likely going to follow Ethereum in its expansion upwards. This means that the current valuations of Polkadot are extremely low. I expect a lot from the Polkadot ecosystem with all the new segments.” Source: Michaël van de Poppe/X Looking at his chart, he suggests the possibility of a bullish divergence for…
[ad_1] America’s largest crypto exchange, Coinbase has revealed plans to list popular doggy-themed cryptocurrency, Shiba Inu (SHIB) for its futures contracts. The exchange has submitted an official filing to the Commodity Trading Futures Commission (CFTC) to begin trading as soon as possible. Coinbase To Add Shiba Inu To Futures Derivatives Contracts Shiba Inu has gotten a major boost from Coinbase’s new futures contracts filing, underscoring the meme coins growing influence in the crypto market despite present market volatility. Coinbase announced in its official blog post on June 28, a new list of futures products for its crypto derivatives products, featuring…