The motive behind the transactions has triggered speculation within the broader crypto community. One theory suggests a probable sell-off, given that the transfers have diminished the distressed crypto lender’s wallet holdings to $81.63 million of digital assets.Continue Reading on Coin Telegraph More
An amicus brief is a document filed in court by a party not directly involved with the related case. It is generally used to add supporting arguments to one side of the lawsuit and emphasizes how the case will have a broader impact beyond the involved parties.Continue Reading on Coin Telegraph More
During a recent interview with Fox Business, Sonnenshein expressed that the SEC could drive crypto firms out of the country by constantly resorting to enforcement actions against the industry.Continue Reading on Coin Telegraph More
An amicus brief is a document filed in court by a party not directly involved with the related case. It is generally used to add supporting arguments to one side of the lawsuit and emphasize how the case will have a broader impact beyond the involved parties. Continue Reading on Coin Telegraph More
According to reports of individuals present at an Aug. 11 hearing in the United States District Court for the Southern District of New York, Judge Lewis Kaplan ordered Bankman-Fried’s bail revoked, suggesting he will be held in jail through the end of his two trials for fraud related to his activities at FTX. Prosecutors had been pushing for the revocation of Bankman-Fried’s $250 million bail, which had kept him out of custody since his arraignment in December 2022.Continue Reading on Coin Telegraph More
Markus commented on a video by BTC maximalist Robert Breedlove interviewing Jason Lowery, in which the latter praises Bitcoin, calling it “not a coin but the future of warfare,” “future of security” and “future of people securing their data.” He also casually criticized Elon Musk and Mark Zuckerberg as the new “god kings.”Billy Markus mocked Bitcoin maxis’ methods of trying to win over new people into Bitcoin, saying that what they say is “Come join our clearly mentally ill group of insecure losers!”Bitcoin maximalists are known for their superior attitude towards everything else in the crypto market except BTC, as they keep calling all altcoins “s-coins.” Some of them, especially Max Keiser, urges the major crypto exchanges as casinos and declare all altcoins as securities. Basically, that is what the SEC and Gary Gensler are doing now.Markus and Palmer are the creators of the first ever meme cryptocurrency, which was basically a joke on Bitcoin and based on Bitcoin code and the proof-of-work consensus algorithm.Still, they claim they did it for fun. In January last year, Markus stated that he and Palmer . But he stated that new meme coins are being created to earn on them deliberately.Still, Markus does not plan to build “Dogecoin 2.0” or any other new digital currency. According to his earlier tweet, “something wacky” must happen to make him go back to Dogecoin and become an active part of its current team.This article was originally published on U.Today More
The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve or disapprove the spot Bitcoin exchange-traded fund (ETF) proposed by ARK Investment Management and 21Shares. ARK originally filed to list the ETF in May, giving the SEC a maximum of 240 days until January 2024 to reach a final decision. The SECs latest move is fueling expectations that a final verdict will come as part of a batch that includes applications from key players on Wall Street, including BlackRock (NYSE:BLK) and Fidelity Investments.Continue Reading on Coin Telegraph More
In part of his latest analysis on X (formerly Twitter) on Aug. 11, Daan Crypto Trades flagged a key level to reclaim as BTC price support.Continue Reading on Coin Telegraph More
