According to Ripple, consumers suffer from SEC’s scams
The statement comes amid claims by Ripple Labs and other detractors that the SEC overstepped its bounds in policing the cryptocurrency sector. In response to a recent opinion post by SEC chairman Gary Gensler, Ripple Lab’s general counsel Stu Alderoty argues that the agency’s crackdowns on the cryptocurrency sector aren’t safeguarding consumers. Alderoty said that […]
FBI warns about cybercriminals using DeFi as a target
The enforcement agency (FBI) highlighted smart contracts managing DeFi systems as a specific source of worry. In light of the $1.6 billion in exploits planned for 2022 against decentralized finance (DeFi) networks, the US Federal Bureau of Investigation (FBI) has issued a new warning to investors in these platforms. In a public service notice posted […]
Coinbase User Sues over lockouts, Crypto as a Security
By failing to complete the necessary registration as a securities exchange, user accuses Coinbase of flouting federal and state regulations. On behalf of account and wallet users “who have had their accounts compromised and experienced damages deriving from the illicit transfer of funds,” one user has launched a class-action lawsuit against cryptocurrency exchange Coinbase. George […]
Bitfinex launches ETHW and ETHS tokens
The two newly created chain split tokens that will enable trading on the fork event are ETHW and ETHS. Before the much anticipated Ethereum Merge, iFinex, the firm behind Bitfinex Derivatives, revealed on Tuesday that it has launched a new service (Tokens). Ethereum Chain Split Tokens (CSTs) are now accessible on the market. The two systems […]
Cryptocurrencies at the verge of Falling by 58% Globally
Risky assets like equities and cryptocurrencies seem to be losing value owing to macroeconomic circumstances. The market’s price movement of Bitcoin and other cryptocurrencies has been negative for the longest time between 2017 and 2018. The macroeconomic outlook and how growth and inflation will impact the value of cryptocurrencies seem to be the focus of […]