Month: August 2023

U.S. Securities and Exchange Commission Inches Closer to Appealing the XRP Decision in Ripple Lawsuit

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The U.S. Securities and Exchange Commission (SEC) is getting closer to filing an appeal on their recent partial defeat in their lawsuit against Ripple. James K. Filan, a defense lawyer and crypto legal expert, notes that District Judge Analisa Torres has set a briefing schedule for “the SEC’s request to file a motion for leave to file an interlocutory appeal.” “This does not mean an interlocutory appeal has been authorized. It just means the SEC is allowed to request it.”  Torres says in her order that the SEC should file…

Australia convicts crypto fintech Helio of misleading license claims

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto fintech Helio Lending will face a non-conviction bond after falsely claiming it held an Australian credit license. On Aug. 17, the Australian Securities and Investments Commission (ASIC) stated in a press release that crypto fintech Helio Lending would face a good-behavior bond for a year after falsely claiming in 2019 that it held an Australian credit license. According to ASIC, Helio misled its customers by stating it had a credit license when it didn’t have…

Bitcoin Investors Fall Into Fear As BTC Crashes To $26,500

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Data shows the Bitcoin market sentiment has plunged into fear as the cryptocurrency’s price has observed a crash to the $26,500 level. Bitcoin Fear & Greed Index Points At “Fear” In The Market The “Fear & Greed Index” is an indicator that tells us about the general sentiment among investors in the Bitcoin and wider cryptocurrency market. This metric uses a numeric scale that runs from 0-100 for displaying the sentiment. All values above the 54 mark suggest the presence of greed among the investors, while those below 46 imply…

Mexican crypto exchange Bitso launches international service

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Mexican crypto exchange, Bitso, will launch an international payments service. The main aim of the new service is to connect the Latin American region with the rest of the world. It will allow companies to send and receive international payments in cryptocurrencies, fiat money and stablecoins. “With this launch, we seek to boost the economies of our region, by facilitating operations between countries and opening trade corridors that increase the development and prosperity of Latin…

BTC price nears $26K amid warning Bitcoin sell pressure can ‘double’

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Bitcoin (BTC) stayed near two-month lows at the Aug. 18 Wall Street open as markets came to terms with extreme liquidations. “Drying liquidity” costs BTC price key support Data from Cointelegraph Markets Pro and TradingView showed BTC price action tracking sideways after a single daily candle spawned 8% losses. The largest cryptocurrency saw a cascade of liquidations across derivatives markets, with these accounting for an “outsized” majority amid relatively slack spot selling. “In Deribit it is likely that a large account got wiped, considering the immense short liquidation that occured…

Valkyrie Taps Into Ethereum Momentum With New ETF Filing

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In a filing dated August 4, Valkyrie applied to add an Ethereum futures ETF to its Bitcoin Strategy ETF (BTF). However, it would seem this move was pushed back by the SEC as the asset manager has now filed a separate application to offer an Ether futures ETF.   Valkyrie Moves To Offer Ethereum Futures ETF In an application dated August 16, Valkyrie seeks the United States Securities and Exchange Commission’s (SEC) approval to offer an Ethereum futures exchange-traded fund (ETF).  If approved, the fund will not directly invest in Ether.…

AI is helping expand accessibility for people with disabilities

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According to data from the World Health Organization (WHO), more than one billion people are living with some significant disability today. Moreover, with the market for AI-related technologies set to grow to a cumulative valuation of over $2 trillion in the next seven years, it is reasonable to suggest that the marriage of these spaces can help introduce a new era of accessibility. Transforming the lives of people with speech impediments A key area where AI is making its presence felt is when it comes to supporting people with non-standard…

Bitget and crypto influencer embroiled in legal saga after Reel Star token listing fiasco

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Update (Aug. 18 at 2:09 pm UTC): This article has been updated with both sides’ perspectives and additional information. Further commentaries are expected from both sides. Crypto influencer Evan Luthra has brought a lawsuit against crypto exchange Bitget for freezing his account after a new token listing in March. According to Luthra, the exchange suspended his withdrawals and froze $200,000 in Tether (USDT) while attempts to seek clarification went unanswered.  Luthra’s involvement with the Reel Star project serves as a backdrop to these events. The influencer was hired as an…

Cypher Protocol recovers nearly 50% of stolen assets

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cypher Protocol recovered nearly 50% of the stolen funds, worth approximately $600,000. On Aug. 7, the company suffered an exploit attack that reportedly wiped $1 million off its accounts. On Aug., 17, Cypher Protocol announced via its X account that it had frozen nearly half of the stolen funds on different CEX. update from cypher ~$600k has been frozen across CEXs, the return of these funds will be predicated on the cooperation of these CEXs and…