Coinbase to Face Shareholder Lawsuit Over SEC Risks
A New Jersey judge accepted a case against Coinbase for depicting a potential regulatory takedown. U.S. District Judge Brian Martinotti decided late on September 5, ruling that Coinbase stockholders could file a lawsuit against the cryptocurrency exchange for misrepresenting its position about the Securities and Exchange Commission’s filing of a civil complaint. The class action […]
BitGo Approved as Crypto Custodian for Swiss SIX Exchange
BitGo has increased its market share in the European cryptocurrency market by being approved as a custodian under the SIX Exchange Regulation Crypto-Asset Rule. According to a business statement on X, the company can now offer regulated custodial services per Swiss financial legislation. The main stock market in Switzerland, SIX market, has approved BitGo, which […]
Bitcoin’s Coinbase Premium Peaks as Price Reclaims $63K
Bitcoin demand increased among US investors after the Federal Reserve announced its intention to lower interest rates. Interest in buying Bitcoin in the United States reached a 39-day peak following recent confirmation from the US Federal Reserve that interest rates are expected to decline, as recent data indicates. “Bitcoin demand in the US spiked today […]
Bitget Joins Solana to Host Hackathon for Startups in Vietnam
Bitget has teamed up with Solana to organize a new hackathon to support entrepreneurs’ growth on the Solana network. Cryptocurrency exchange Bitget has launched an all-new hackathon geared at supporting companies on the network in collaboration with Solana. The trading platform disclosed that the “Solana x Bitget Hackathon” will concentrate on developers working on proof-of-concept […]
Nigeria’s SEC Licenses First Local Crypto Exchange
Other local exchanges will likely emulate Quidax’s approach and strive to satisfy the SEC’s requirements as the regulatory environment evolves. In a significant development for Nigeria’s rapidly growing cryptocurrency sector, the Securities and Exchange Commission (SEC) has granted the first provisional operating license to Quidax, an African-founded crypto exchange. This milestone marks the beginning of […]