Author: News Room
Another Democratic commissioner on the Securities and Exchange Commission is following Chair Gary Gensler out the door in January, leaving the agency with a Republican majority as it weighs a likely course shift under the new administration of President-elect Donald Trump. Commissioner Jaime Lizárraga is leaving January 17, he said in a Friday statement, which could give Republicans a head start on what could otherwise have been months of delay in redirecting the regulator’s policies — including on cryptocurrency. At this point, Caroline Crenshaw will be the sole Democrat on the five-member commission going into 2025, and her term has…
Binance expands its compliance team to meet the growing needs of the crypto industry and its user base. Compliance Remains Vital for Binance By the end of the year, Binance, one of the world’s largest cryptocurrency exchanges, plans to have 645 full-time compliance staff members—a 34% increase from November 2023—as it continues to expand its […] Read the full article here
The art world appears to have moved over Picasso. There’s a new muse in town: a banana duct-taped to a wall. Crypto entrepreneur and Tron founder Justin Sun recently splashed a jaw-dropping $6.2 million at Sotheby’s New York for “Comedian,” Maurizio Cattelan’s viral “artwork” consisting of…well, a banana and some duct tape. And in true Justin Sun fashion, he plans to eat it. “This is not just an artwork,” Sun declared on X “It represents a cultural phenomenon that bridges art, memes, and the crypto community.” Evidently, nothing screams cultural phenomenon quite like paying the price of a New York…
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Gary Gensler, whose hard line on crypto has been a stuff for nightmares for both industry execs and ordinary bagholders alike, is gone at last—and bullish momentum is already in full force. XRP, which has been the subject of a heated legal dispute between its issuer Ripple and the SEC since December 2020, seems to be the biggest beneficiary of Gensler’s departure. The lawsuit, brought under the tenure of Trump’s nominee Jay Clayton and kept alive under Gensler, alleged that Ripple’s sales of XRP constituted unregistered securities offerings and sought a $1 billion penalty for the company. Since then, Ripple…
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, appears bearish and is poised for a price decline. The reasons for this include how ETH is lagging behind top assets like Bitcoin (BTC) and Solana (SOL), its current price action formation, the latest sell-offs by whales, and more. Ethereum (ETH) Sluggish Performance With steady and dull performance compared to other assets, whales and investors have dumped significant amounts of ETH in recent days. Recently, CoinPedia reported that a dormant whale, holding 398,889 ETH worth $1.34 billion, offloaded 73,356 ETH valued at $224 million. This notable dump has created potential selling…
Tron price continued its strong momentum this week and reached an all-time high, pushing its market cap to over $17 billion. Tron (TRX) surged to a record high of $0.2068, bringing its year-to-date gains to over 80%, making it one of the top-performing coins. This rally coincided with the ongoing surge of other popular cryptocurrencies, with Bitcoin (BTC) approaching the crucial resistance level of $100,000 for the first time ever. Tron is also rising as investors anticipate that a Trump-led Securities and Exchange Commission will be friendly to cryptocurrencies. This is notable for TRX since the agency previously sued Sun…
XRP lawsuit: The exit announcement of the US SEC chair Gary Gensler has boosted the broader crypto market sentiment, sparking hopes over a new pro-crypto regulator to replace him. Amid this, pro-XRP lawyer Jeremy Hogan has predicted the conclusion timeline for the Ripple SEC lawsuit, sparking discussions in the market. Besides, a flurry of market watchers also anticipates the crypto-related SEC cases to settle or conclude with Gensler’s exit. Read the full article here
India’s financial services secretary expressed deep skepticism about cryptocurrency, calling it a doubtful scheme, despite the nation’s top crypto adoption ranking. Indian Official Speaks Out: ‘Very Skeptical of Cryptocurrency’ M. Nagaraju, Secretary of India’s Department of Financial Services (DFS), expressed strong doubts about cryptocurrencies during the SBI Banking & Economics Conclave on November 18, 2024. […] Read the full article here
The Bitcoin price is well on its way to reaching the $100,000 price mark, with multiple projections saying it could do so by this weekend. Notably, the Bitcoin price reached an intraday high of $99,486 in the past 24 hours, putting it by about only 0.5% from reaching $100,000. As the entire industry continues to await the Bitcoin price break above $100,000, crypto analyst Tony “The Bull” Severino has highlighted an interesting outlook for what to expect from here. Bitcoin Price Mirrors 2017 Pattern Crypto analyst Tony Severino drew parallels of Bitcoin’s recent price movements to its 2017 surge. The…