Day: February 14, 2023

Why the SEC wants to ban crypto staking and stablecoins under scrutiny — Watch The Market Report live

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This week on The Market Report, the resident experts at Cointelegraph discuss why the United States Securities and Exchange Commission is going after crypto staking and why stablecoins have been in the news recently. We start off this week’s show with the latest news in the markets: SEC lawsuit against Paxos over BUSD baffles crypto community On Feb. 13, the SEC issued a Wells Notice to Paxos Trust Company, which issues the Binance USD (BUSD) stablecoin, alleging that the stablecoin is an unregistered security. On the same day, the New York Department…

Bitcoin Miners Need Ethereum As Well — CoinDesk

Ethereum’s network and its possibilities, by contrast, are always changing. Ethereum developers have fueled a proliferation of use cases, including the rise of decentralized exchanges (DEX), stablecoins and non-fungible tokens (NFT). Ethereum’s successful transition to PoS (aka “the Merge” in September 2022) marked a major milestone in the history of blockchain. Looking ahead, the network will undergo several new upgrades, including the Shanghai upgrade in March and sharding thereafter (both are expected to ease network congestion and establish the prerequisite for major adoption). The future of Ethereum is more exciting…

SOL Rebounds, TRX up for Fifth Straight Session – Market Updates Bitcoin News

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Solana was one of Tuesday’s notable movers, as the token rebounded from losses to start the week. The move comes despite U.S. inflation figures missing expectations. Consumer prices came in at 6.4%, higher than the 6.2% many had forecasted. Tron rose for a fifth consecutive session on Tuesday. Solana (SOL) Solana (SOL) rose by as much as 5% on Tuesday, as prices climbed back above a recent support level. SOL/USD surged to an intraday high of $21.70 earlier in today’s session, which comes a day after trading at a bottom…

Siemens Issues Blockchain Based Euro-Denominated Bond on Polygon Blockchain

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Sam Bankman-Fried’s use of a VPN on Super Bowl Sunday ‘raised concerns’, say prosecutors

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Prosecutors behind the criminal case against former FTX chief executive officer Sam Bankman-Fried have requested additional time to consider the legal implications of him using a virtual private network, or VPN. In a Feb. 13 filing with the United States District Court for the Southern District of New York, U.S. Attorney Damian Williams said the Justice Department had uncovered that Bankman-Fried accessed the internet on Jan. 29 and Feb. 12 — the second date being Super Bowl LVII. According to Williams, the government’s view was that using a VPN “raises…

SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude – Bitcoin News

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Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US Attorney Requests Pause on SEC and CFTC Lawsuits to Prevent ‘Judicial Overlap’ According to the latest decision by a New York judge presiding over the criminal case of Sam Bankman-Fried, the co-founder of FTX, the two lawsuits filed by the top two financial regulators in the U.S. will be put on hold. Bankman-Fried was indicted…