Ripple’s chief legal officer, Stuart Alderoty, has accused Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), of making misleading statements during his appearance before the Senate Committee on Financial Services. Alderoty claimed on his social media account that Gensler might assert the existence of a “crypto asset securities market” and wrongly
Tecpetrol, a leading oil producer in Argentina, has recently unveiled its plans to engage in cryptocurrency mining using associated gas. The company, which focuses on oil and gas exploration in various Latin American countries, including Venezuela, Bolivia, Ecuador, Mexico, Peru, and Colombia, aims to generate electricity from the gas produced in its oil fields near
The U.S. Securities and Exchange Commission (SEC) has recently deferred its decision on the ARK 21Shares Bitcoin exchange-traded fund (ETF), causing further delay to the final verdict. This decision by the SEC has significant implications for the cryptocurrency market and the future of ETFs. On September 26, the SEC filed a deferral on the ARK
The recent report by Bloomberg analyst Jamie Coutts sheds light on the growing interest of asset managers in Bitcoin. While the focus initially revolved around exchange-traded funds (ETFs), Coutts reveals that prominent global asset managers, including BlackRock, Vanguard, and State Street, have been actively involved in the Bitcoin mining industry for over three years. This
After a significant decline, Pepe (PEPE) has shown signs of life with a 16% rebound. However, it now faces strong resistance, leaving traders uncertain about its future direction. The next move for PEPE is crucial and may determine its trajectory in the coming weeks. To gain a better understanding, we must analyze the coin’s support
Renowned venture capitalist Tim Draper is no stranger to making bold predictions in the cryptocurrency industry. However, his track record in the past has not been flawless. Draper’s claim that Bitcoin would reach $250,000 by 2022 was proven wrong, as the digital currency failed to reach that mark. Despite this setback, Draper remains optimistic about
The recent development in the bankruptcy and reorganization plan of the crypto firm Celsius Network has faced opposition from the United States Securities and Exchange Commission (SEC) regarding the involvement of Coinbase. Celsius had proposed using Coinbase to distribute digital assets to its international customers, seeking approval from the court. However, the SEC objects to
The recent $7.9 million exploit of HTX’s hot wallet on September 24 has prompted the cryptocurrency exchange to take immediate action. In response to this security breach, HTX global adviser Justin Sun announced the creation of a Secure Asset Fund for Users (SAFU), which will serve as a safety net for investors in the event
Litecoin (LTC) has been trading within a tight price range over the past week, with its value staying steady around $64. The overall price action for LTC in September has been primarily bearish, as sellers continue to maintain control over the market. Unlike its historically volatile price swings, Litecoin has been mirroring the sideways movement
Crypto influencer Ben Armstrong, previously known as BitBoy Crypto, found himself in a distressing situation while live-streaming on YouTube. What was supposed to be an exciting stream from a special location turned into a series of events that led to his arrest by the police. Armstrong had announced earlier today on social media that he