Bitcoin ETFs Record Third Day Of Inflows, Price Tops $66,000

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In another remarkable day for cryptocurrency investments, US-based spot Bitcoin Exchange Traded Funds (ETFs) witnessed a substantial influx of capital, totaling $257.3 million on Thursday. This significant inflow marks the third consecutive day of large-scale investments into these funds, signaling a robust and returning interest among institutional and retail investors alike in Bitcoin. The Grayscale […]

Bitcoin Selling On Coinbase Fizzles: Short-Term Jump Soon?

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Data shows that Bitcoin selling pressure on the crypto exchange Coinbase is decreasing, which could be conducive to a short-term bounce. Bitcoin Coinbase Premium Gap Is Approaching Neutral Mark Again As analyst Maartunn explained in a post on X, the Coinbase Premium Gap has risen since plunging into negative territory yesterday. The “Coinbase Premium Gap” […]

SEC Counters Coinbase’s Petition For New Crypto Regulations

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The US Securities and Exchange Commission (SEC) has filed a countermotion against Coinbase’s rulemaking petition for the crypto industry. In a brief submitted on May 10, the US regulator argues against Coinbase’s request stating there is no need for creating a regulatory framework for crypto assets in place of existing US securities laws. Coinbase Rulemaking […]

Coinbase’s Motion For Interlocutory Appeal Should Be Rejected, SEC Argues |

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The United States Securities and Exchange Commission (SEC) has responded to Coinbase’s recent motion, as the legal battle between the regulator and the prominent cryptocurrency exchange heats up. The US-based exchange filed an interlocutory appeal in April after a judge denied its request for case dismissal. In June 2023, the SEC sued Coinbase, the largest […]

BlockFi Announces Complete Website Shutdown, Selects Major Exchange For Fund Withdrawals |

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BlockFi, a centralized crypto lender, recently shut down its web platform and selected Coinbase as its distribution partner for customer fund withdrawals. The move comes as BlockFi aims to ensure a swift transition for eligible customers following the closure of its platform. BlockFi Selects Coinbase As Exclusive Partner According to the company’s press release on […]

Revolut Expands Offering To 40 Million Users, Introduces Crypto Exchange Services |

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In a significant move into the digital asset space, British banking app Revolut has unveiled Revolut X, a dedicated crypto trading platform for UK retail customers.  According to a Fortune Magazine report, the launch of the new platform signifies Revolut’s commitment to the crypto industry and positions the company to compete with major players like […]

Crypto Industry Flexes Financial Muscle With $100M Super PAC War Chest For 2024 US Elections |

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A recent report by revealed that cryptocurrency industry Super Political Action Committees (PACs) have accumulated a staggering $102 million war chest to exert their influence on the upcoming 2024 US congressional elections.  The data, compiled by Public Citizen, highlights the sector’s concerted efforts to sway elections in favor of pro-crypto candidates and impede regulatory […]

CFTC Chair Predicts Tsunami Of Crypto Enforcement Actions In Next 2 Years |

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As the US Securities and Exchange Commission (SEC) continues to scrutinize crypto industry players, including Robinhood, Binance, Coinbase, and Ripple, the Chair of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, warns of an impending surge in enforcement actions.  Crypto Faces Inevitable Wave Of Enforcement Actions At the Milken Institute’s 27th annual Global Conference, Behnam […]

Senator Lummis Challenges US Crackdown On Crypto Market, Vows To Protect Investor’s Rights |

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In the face of growing global regulatory pressure on the crypto industry, the Biden administration’s intensified crackdown and the actions of regulatory bodies have prompted Senator Cynthia Lummis to issue a strong statement against the US government’s stance on the industry.  Senator Lummis, a prominent supporter of Bitcoin and the overall crypto market, has advocated […]

Coinbase Increases Bitcoin Transaction Speeds With Complete Integration Of Lightning Network |

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US-based crypto exchange Coinbase has taken a major step forward in the digital payments space by introducing support for the Bitcoin Lightning Network. This allows users to make instant and cheaper Bitcoin transfers.  According to Tuesday’s announcement, the integration of Lightning Network into Coinbase aligns with the company’s goal of creating a “global payment system […]

Pro-XRP Lawyer Deaton Could Join Coinbase In SEC Lawsuit

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John Deaton, a vocal advocate for XRP and broader cryptocurrency rights as well as current US Senate candidate, is reportedly considering involvement in Coinbase’s ongoing legal battle with the Securities and Exchange Commission (SEC). This news emerges as Coinbase seeks an interlocutory appeal to the 2nd Circuit Court of Appeals in its high-profile lawsuit against […]

Coinbase Launches Interlocutory Appeal In SEC Case – Details

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Coinbase is seeking an interlocutory appeal in its ongoing court case with the US Securities and Exchange Commission (SEC). This petition marks the latest development in a highly-monitored lawsuit stretching as far back as June 2023. In a motion submitted on April 12, the American exchange is aiming for a constitutional clarification of a specific […]