Ad CFTC chair Rostin Benham said that various digital assets, including Ethereum and stablecoins, are commodities during a senate hearing on March 8. Rostin Benham on ETH, stablecoins During a hearing...
Tag: Deems
WazirX deems Binance allegations ‘false’ and ‘unsubstantiated’
India-based crypto exchange WazirX said Binance’s allegations against it are “false” and “unsubstantiated,” according to a Feb. 7 statement. The exchange added that it wa...
CFTC Deems Ethereum A Commodity In Recent Court Filing
Cryptocurrencies like Ethereum have their fair share of controversy regarding categorization. Government regulatory bodies like the Securities and Exchange Commission (SEC) and the U.S. Commodities Fu...
More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves ‘pointless’
The biggest news in the cryptoverse for Nov. 28 includes Kraken CEO saying Binance Proof-of-Reserve is pointless without proof of liabilities, Coinbase losing Bitcoin worth $2 billion over the weeken...
Saylor deems Bitcoin winner over major asset classes as downturn persists; Ethereum outperforming BTC after merge
The biggest news in the cryptoverse for Nov. 2 includes Saylor saying that Bitcoin is winning over gold and other major asset classes, JPMorgan executing its first DeFi transaction, EU’s MiCA targetin...
Saylor says ‘Bitcoin is winning,’ deems gold a 19th century solution as MicroStrategy outperforms major asset classes
During the MicroStrategy (MSTR) Q3 earnings call, Executive Chairman Michael Saylor said Bitcoin is winning, in turn boosting the company’s fortunes. “Bitcoin is winning, but MicroStrategy is winning ...
Vitalik believes crypto still needs to mature; Research deems over 95% of tokens on Uniswap scams
The biggest news in the cryptoverse for Oct. 31 includes Vitalik saying that crypto needs to mature before mainstream adoption, Hoskinson predicting that crypto adoption will surge as national currenc...
Vitalik deems crypto better than gold; SBF hints at creating FTX-backed stablecoin
The biggest news in the cryptoverse for Oct. 27 includes Vitalik Buterin affirming that crypto is better than gold, FTX planning to create its stablecoin, Bitcoin mining firm Core Scientific on the v...
DappRadar deems Reddit blueprint for NFT launches ‘one of the biggest events for Web3’ in 2022
Reddit may have cracked the formula for onboarding new users into web3, according to a new report released by DappRadar on the behavior of the blockchain industry. Further, 94% of adults with “discret...
FTX Will Delist Crypto Assets in the US That It Deems Might Be Securities, According to CEO Sam Bankman-Fried
Crypto exchange FTX CEO Sam Bankman-Fried says his firm is not supporting certain digital assets in the US to avoid regulatory issues. Bankman-Fried says that pending the establishment of legal framew...
South Africa deems cryptocurrency a ‘financial product’
South Africa’s financial regulator, The Financial Sector Conduct Authority (FSCA), classified crypto assets as a financial product and effectively subjected it to regulatory oversight upon the publica...
ADA Founder May Fear Repercussions if SEC Deems Ripple a Security
Cardano founder Charles Hoskinson has clarified his views on the dispute between SEC and Ripple, saying that contrary to what the XRP community thinks, he was not against the project. In a Twitter thr...
Do Kwon deems news of $40M crypto freeze a ‘falsehood’
Terra founder Do Kwon has described news of South Korean prosecutors freezing his $39.66 million crypto as a “falsehood.” I don’t get the motivation behind spreading this falsehood – muscle flex...
Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’
Terraform Labs have described the South Korean prosecutor’s arrest warrant for its CEO Do Kwon as an overreach of their authorities, The Wall Street Journal reported Sept. 28 Citing a Terraform statem...
Central African Republic Court Deems Unconstitutional to Buy Land, Citizenships With The Country’s Native Cryptocurrency
Earlier today, the Constitutional Court of the Central African Republic (CAR) dictated it was unconstitutional to purchase citizenship, e-residency, and land with the government-backed cryptocurrency ...
BTC short liquidations reach $9M, Ava Labs CEO deems CryptoLeaks’ allegations ‘conspiracy theory’
The biggest news in the cryptoverse for Aug. 29 includes the liquidation of $9 million in Bitcoin shorts, a report showing that the majority of GameFi investors are interested in profit rather than ga...
Coinsillium CEO deems CBDCs a ‘small niche’ vs Bitcoin, other cryptocurrencies
The development of Central Bank Digital Currencies (CBDCs) is picking up pace but Coinsillium CEO Eddy Travia is not concerned about their impact as he thinks they fail to give users an edge over exis...
Founder Of Terra Do Kwon Deems The Collapse As Big Betting
The collapse of the algorithmic stablecoin Terra and its native token, LUNA, created a great storm in the cryptocurrency space. Many investors watched as the Terra ecosystem crumbled with TerraUSD (US...
Binance.US Delists Amp Token After SEC Deems It a Security
Binance.US will delist AMP from its platform following the Security and Exchange Commission’s (SEC) decision to class the asset as a security. The Commission’s ruling formed the basis of an insider t...
Glassnode Deems 2022 Bear Market As The Most Atrocious For BTC And All Cryptocurrencies
According to the details, this year’s bearish market trend is the worst in history for BTC and other coins. It records many BTC traders engaging in panic sell-offs even with losses to ensure they are ...
Ukraine officially deems crypto legal asset class amid war
Ukraine’s Ministry of Digital Transformation announced that the country has officially legalized cryptocurrencies after President Volodymyr Zelenskyy signed the new bill “On Virtual Assets” into law o...
All Bitcoin ATMs in UK to shut down as FCA deems them “illegal”
Bitcoin ATMs first appeared in 2014 and their popularity increased greatly throughout 2020 and 2021. Their popularity attracted swindlers as well as the UK government’s negative attention. The UK hasn...
IMF deems Rising Crypto and stocks Correlation Disastrous, Proffers Global Solution
Cryptocurrencies are no longer “fringe” assets in the financial market according to the International Monetary Fund (IMF). The IMF warns that there needs to be a coordinated global regulatory framewor...