eToro to Shut Down Nearly All Crypto Trading in Settlement With US SEC

eToro to Shut Down Nearly All Crypto Trading in Settlement With US SEC

Retail trading platform eToro will stop offering nearly all cryptocurrencies to its customers as part of a settlement with the US Securities and Exchange Commission, the regulator said on Thursday. eToro also agreed to pay a penalty of $1.5 million (roughly Rs. 12.5 crore) to settle charges that it operated…

RBI Releases Financial Stability Report With Mention of DeFi, US Efforts to Regulate Crypto Sector

RBI Releases Financial Stability Report With Mention of DeFi, US Efforts to Regulate Crypto Sector

The Reserve Bank of India (RBI) has published its latest Financial Stability Report (FSR) that outlines important events that have recently taken place in the national and international banking and fintech sector. The domain of decentralised finance (DeFi) earned a brief mention in RBI’s report wherein the central bank, discussed…

Coinbase Crypto Exchange, US SEC Lock Horns in US Court Over Digital Assets as Securities

Coinbase Crypto Exchange, US SEC Lock Horns in US Court Over Digital Assets as Securities

A federal judge in Manhattan on Wednesday grilled Coinbase and the US securities regulator about their divergent views on whether and when digital assets are securities, in a case closely watched by the cryptocurrency industry. Coinbase has asked the court to dismiss the Securities and Exchange Commission’s lawsuit alleging the…

Dollar Steady, Bitcoin Holds Gains Ahead of Expected Spot ETF Approval

Dollar Steady, Bitcoin Holds Gains Ahead of Expected Spot ETF Approval

A decline in US consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year. In cryptocurrencies, bitcoin held near its strongest level since April 2022 on growing anticipation the Securities and Exchange Commission will…

Coinbase Crypto Exchange, US SEC Lock Horns in US Court Over Digital Assets as Securities

US SEC Denies Coinbase Petition Seeking New Crypto Rules for Digital Assets Sector

The US Securities and Exchange Commission on Friday denied a petition by Coinbase Global seeking new rules from the agency for the digital asset sector, which the country’s largest crypto exchange said it plans to challenge in court. The five-member commission, in a 3-2 vote, said it would not propose…

Crypto Trading Platform Kraken Sued by US SEC, Company CEO Denies Allegations

Crypto Trading Platform Kraken Sued by US SEC, Company CEO Denies Allegations

Kraken, the crypto trading platform based in the US, has found itself under legal scanner in the US. The Securities and Exchange Commission (SEC) of the US has sued Kraken for operating its business without having registered it officially. The next few days could be tumultuous for the international crypto…

Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth  Billion in Banned China Market

Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth $90 Billion in Banned China Market

Binance users traded $90 billion (roughly Rs. 7,42,800 crore) of cryptocurrency-related assets in a single month in China, where cryptocurrency trading has been illegal since 2021, the Wall Street Journal reported on Tuesday citing internal figures and current and former employees of the exchange. The transactions made China Binance’s biggest…

Coinbase Chief Brian Armstrong to Meet US Lawmakers to Discuss Crypto Future

Coinbase Chief Brian Armstrong to Meet US Lawmakers to Discuss Crypto Future

Brian Armstrong, the CEO of Coinbase crypto exchange, is looking to meet with policymakers from the US. The agenda of Armstrong’s rendezvous with the Democrats revolves around opening discussions on the future of the digital assets sector in the US. Valued at $1.2 trillion (roughly Rs. 98,47,344 crore) as of…

Nasdaq Refiles BlackRock’s Bitcoin ETF Application With SEC: Details

Nasdaq Refiles BlackRock’s Bitcoin ETF Application With SEC: Details

Nasdaq refiled an application with the U.S. securities regulator to list an exchange-traded fund by BlackRock that will reflect the price of bitcoin to add additional details, according to a filing made public on Monday. The refreshed filing, submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday, said…