Search Results for: SEC

SEC’s Gensler Criticized by Gemini’s Winklevoss for Devastating Crypto Sector

November 17, 2024 by Mishal Ali

Key Takeaways:

Tyler Winklevoss calls out SEC Chair Gary Gensler for his alleged damage to the crypto industry.
Winklevoss accuses Gensler of intentionally harming the sector for political reasons.
Speculation about Gensler’s resignation grows following Winklevoss’ comments.

Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini, has accused Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), of causing irreparable harm to the crypto industry. In a bold X post, Winklevoss criticized Gensler for his aggressive regulatory stance, claiming the damage was so severe that it could not be undone.

Let's all be clear on one thing. @GaryGensler is evil. He should never again have a position of influence, power, or consequence. Any company, university, or organization that hires or works with him post-SEC is betraying the crypto industry and should be boycotted aggressively.…
— Tyler Winklevoss (@tyler) November 16, 2024

Winklevoss’s harsh words painted Gensler as a self-serving figure, alleging that his actions were not mistakes, but deliberate steps to push forward a personal and political agenda. According to Winklevoss, Gensler’s decisions hurt tens of thousands of jobs, destroyed billions in investment, and wreaked havoc on an entire industry.

His tweet called for a boycott of any institutions that hire or collaborate with Gensler in the future, warning that such actions would betray the crypto community.

Winklevoss Predicts Political Fallout for SEC Chief

This backlash against Gensler has reached new levels, with Winklevoss stating his actions were not only intentional but sociopathic, too. Because of that, the Gemini co-founder claimed that Gensler was ready and willing to burn a whole sector to achieve what he wanted.

He added that this had resulted in widespread damage, including the loss of livelihoods for many and a significant blow to the global crypto market. Ironically, Winklevoss pointed out, Gensler’s aggressive policies may have backfired, hurting not just the crypto industry but also the political party he once served.

Crypto Industry’s Growing Frustration

The statement from Winklevoss puts into words a general feeling in the crypto market. Various companies and crypto-advocates have been vocal in stating their discontent with the regulating approach that the SEC has pursued, claiming it holds back innovation and growth in the space.

This latest outburst by Winklevoss just adds fuel to the fire. The future for Gensler at the helm of the SEC is not secure, with increasing pressure for change both from the crypto community and from political commentators.

While the crypto industry has continued to call for clearer regulations and fair treatment, it really remains to be seen whether Gensler will ultimately be made to answer for the supposed destruction in his wake.

XRP Soars 67% in a Week, SEC Lawsuit Boosts Hopes for $1 Milestone

November 16, 2024 by Kashif Saleem

XRP’s pricе surgеd 35.69%, hitting а 16-month high, аmid lеgаl chаllеngеs аgаinst thе SEC.
Lawsuit аnd spеculаtion аbout Gаry Gеnslеr’s dеpаrturе fuеl optimism for а crypto-friеndly rеgulаtory shift.
Anаlysts prеdict XRP could brеаch $1, spаrking FOMO аnd potеntiаlly lеаding to long-tеrm gаins.

XRP hаs sееn а rеmаrkаblе pricе surgе, rеаching lеvеls unsееn in ovеr а yеаr. According to TrаdingViеw, XRP’s vаluе climbеd from $0.6837 on Novеmbеr 14 to а 16-month high of $0.9277, mаrking а 35.69% incrеаsе. As of Novеmbеr 16, thе cryptocurrеncy trаdеs аt $0.9164, rеflеcting аn 11.57% risе in thе lаst 24 hours аnd аn аstonishing 67.22% gаin ovеr thе pаst sеvеn dаys.

Thе rаlly comеs аmid lеgаl dеvеlopmеnts in thе Unitеd Stаtеs, whеrе 18 stаtеs, including Nеbrаskа, Tеnnеssее, аnd Wyoming, hаvе filеd а lawsuit аgаinst thе Securities аnd Exchange Commission (SEC) аnd its commissionеrs. “Thе lаwsuit аllеgеs thаt thе SEC hаs еngаgеd in “unconstitutionаl ovеrrеаch” within thе cryptocurrеncy sеctor, аssеrting thаt thе аgеncy hаs violаtеd stаtеs’ rights to rеgulаtе thеir own еconomiеs.

Lawsuit Sparks Optimism for XRP

Thе lawsuit coincidеs with spеculаtion аbout SEC Chаir Gаry Gеnslеr’s potеntiаl dеpаrturе from thе аgеncy. According to Thе Kobеissi Lеttеr, Gеnslеr’s stаtеmеnt suggеsts hе mаy soon lеаvе his rolе, furthеr fuеling hopеs of а morе fаvorаblе rеgulаtory еnvironmеnt for cryptocurrеnciеs.

Thе еlеction of Donаld Trump аs thе nеxt Prеsidеnt of thе Unitеd Stаtеs hаs аddеd to thе optimism, spаrking еxpеctаtions of а crypto-friеndly аdministrаtion. Anаlysts prеdict thаt compаniеs likе Ripplе Lаbs, thе еntity bеhind XRP, could thrivе undеr such circumstаncеs. This optimism hаs drivеn trаdеrs to sеt аmbitious tаrgеts for XRP’s futurе.

Anаlyst Egrаg Crypto prеdicts clеаr rеgulаtory frаmеworks could propеl XRP to $11, up from its cyclе low of $0.28. Hе notеd the cryptocurrency аchiеvеd а 20x gаin in thе lаst cyclе dеspitе SEC chаllеngеs. Currеnt mаrkеt conditions suggеst potеntiаl gаins of 40–50x in thе upcoming cyclе, signаling substаntiаl growth.

Analysts Predict $1 Milestone for XRP

Tеchnicаl аnаlyst Mikybull Crypto highlightеd tokеn’s brеаkout аbovе а thrее-yеаr dеscеnding trеndlinе, idеntifying $0.85 аnd $1.10 аs kеy rеsistаncе lеvеls. Hе confidеntly rеmаrkеd, “Mаssivе rаlly incoming.” Similаrly, Crypto Assеts Guy, а populаr crypto commеntаtor, bеliеvеs it could brеаch thе $1 mаrk within 24 hours, drivеn by incrеаsеd whаlе аctivity аnd growing intеrеst in thе XRP Lеdgеr.

As XRP inchеs closеr to this milеstonе, somе еxpеrts spеculаtе thаt surpаssing $1 could triggеr а Fеаr of Missing Out (FOMO) аmong invеstors. This could lеаd to hеightеnеd buying prеssurе, pushing its pricе еvеn highеr. Anаlysts suggеst thаt brеаking thе $1 bаrriеr mаy pаvе thе wаy for а long-tеrm rаlly, potеntiаlly propеlling it towаrd $10.

18 U.S States File Lawsuit Against SEC, Gensler Over Alleged Regulatory Overreach in Cryptocurrency Sector

November 15, 2024 by Mwongera Taitumu

Key Insights:

Eighteen states challenge SEC’s authority over crypto, spotlighting a clash between federal and state regulatory roles.
Led by Kentucky, the lawsuit advocates for state-driven crypto regulation, emphasizing innovation and tailored governance.
The case could reshape U.S. crypto regulations, aligning with Trump’s vision to make America a global crypto leader.

On Thursday, 18 U.S. states filed a lawsuit against Securities and Exchange Commission (SEC) Chair, Gary Gensler. In the legal suit the 18 states accuse Gensler of excessive regulation especially in the cryptocurrency sector. This move highlights the emerging conflict between state and federal regulators over the $3 trillion crypto industry.

Legal Challenge to SEC’s Crypto Jurisdiction

The 18 republican states led by Kentucky Attorney General Russell Coleman, argue that SEC has been overstepping to take away the mandate of states to regulate the crypto sector in the jurisdictions. The lawsuit which was filed in the Kentucky district court seeks the help of DeFi Education Fund that advocates for reasonable regulations in the decentralized finance sector.

The complaint also accuses the SEC of excessive and unauthorized claims of regulatory authority over digital assets. This, according to the 18 states, undermines the constitutional separation of powers that allows states to enforce their cryptocurrency regulations.

States’ Stance on Crypto Regulation Calls for Gensler’s Response

The states also claim that the lack of a clear federal regulatory framework has led to uncertainty “regulatory limbo” in the cryptocurrency industry. The lawsuit raises concerns on whether the state governments or federal agencies should oversight the regulation of digital assets. The attorneys general advocate for a pro-states regulation to promote innovative regulations that are tailored to the unique environments of their individual states.

Speaking at ‘56th Annual Institute on Securities Regulation’ organized by Practicing Law Institute, Gensler defended the actions of SEC. He claimed that courts have consistently recognized the authority of SEC to enforce securities laws on conventional and digital assets. The response comes amid SEC’s enforcement actions against major crypto frms for allegedly selling unregistered securities.

Broader Political, Legal, and Industry Implications

The lawsuit represents an important development in the debate over digital asset regulation in the United States. It highlights the reaction of state officials against federal encroachment and sets a benchmark for reassessment of cryptocurrency regulation across different government levels. Regulators, crypto investors, and legal experts are closely following the case to determine the impact of future regulation of digital assets in the U.S.

This legal challenge also implies broader political responses including those on the part of President-elect Trump who recently embraced cryptocurrency. Trump promised to place the U.S.A as a world cryptocurrency capital. Moreover, following Trump’s re-election the cryptocurrency industry anticipates new SEC chairs who would enforce favourable crypto regulations.

Plus Wallet Steps Up as the Ultimate Secure Choice Amid Bitcoin Volatility and KuCoin Turmoil

November 14, 2024 by Vaigha Varghese

As the crypto market undergoes intensified scrutiny due to a new KuCoin lawsuit initiated by FTX’s Alameda Research over a dispute involving $50 million in frozen funds, Bitcoin’s volatility continues to attract investors, driven by recent peaks and increased market activity.

Plus Wallet adeptly responds to the growing user base by providing secure, user-friendly, and advantageous services. It offers key features like local private key storage and biometric access, making it a top choice for both novice and seasoned traders.

FTX Estate Seeks $50M Recovery in KuCoin Lawsuit

Alameda Research, part of the defunct FTX exchange, is pursuing legal action against KuCoin to reclaim more than $50 million in assets that have been locked since FTX’s downfall in November 2022.

Initially valued at $28 million, these assets are caught in a legal tussle as KuCoin faces allegations of breaching bankruptcy laws by not releasing the funds, which it justifies by pointing to potential fraudulent activities. KuCoin maintains its stance of compliance with legal directives to safeguard user assets.

Bitcoin’s Volatility Indicative of Future Price Movements

The attention towards Bitcoin has been rejuvenated by its recent price surges, as per a report from Glassnode, which notes a spike in interest from both individual and institutional investors. The cryptocurrency’s Realised Cap has hit a new high of $656 billion, reflecting significant capital injections and increased demand.

Plus Wallet Steps Up as the Ultimate Secure Choice Amid Bitcoin Volatility and KuCoin Turmoil 8

With around $25.2 billion in open interest in the options market, expectations of significant price fluctuations are evident. The volatility risk premium standing at 27.9% underscores the anticipated price dynamics, while Bitcoin ETFs present a varied picture, suggesting a cautious approach from investors despite ongoing fluctuations.

Plus Wallet Satisfies Growing Demand as Bitcoin Prices Soar

Plus Wallet attracts users who value security by offering features that prioritize asset protection. Storing private keys directly on users’ devices, Plus Wallet gives users full control over their assets, ensuring privacy remains a key focus. With biometric authentication and PIN codes, users can access their wallets quickly and securely, building trust among new and seasoned traders alike.

The wallet’s mobile-first, intuitive design makes it approachable for anyone entering the crypto world. Its straightforward layout and easy navigation allow newcomers to dive in confidently, while experienced users appreciate its efficiency for managing portfolios. By making the process seamless, Plus Wallet allows users to engage in crypto with confidence, regardless of their level of experience.

As Bitcoin’s recent peak stirs renewed interest in crypto, Plus Wallet is prepared to meet this growing demand. Features like Swap to Earn and Refer to Earn turn standard transactions into rewarding experiences, enhancing the value of each interaction. Committed to a “More is More” approach, Plus Wallet empowers users by making their crypto journey more secure and fulfilling.

Concluding Thoughts

The ongoing legal issues surrounding KuCoin and the erratic nature of Bitcoin emphasize the necessity for reliable and feature-packed wallets. Plus Wallet addresses these needs by offering robust security and a user-friendly interface, positioning itself as a trustworthy solution in the dynamic crypto market. This combination of security, convenience, and user empowerment establishes Plus Wallet as a leader in crypto management, ready to serve an expanding and diverse user base.

Explore Plus Wallet:

Website: https://pluswallet.app/

Download: https://onelink.to/pluswalletapp

Twitter: https://x.com/pluswalletapp

Instagram: https://www.instagram.com/pluswallet.app/

How Cryptocurrency is Revolutionising Online Gaming: The Future of Secure, Anonymous Play

November 13, 2024 by Vaigha Varghese

In recent years, the world of online gaming has taken a thrilling turn, courtesy of cryptocurrency. Once a concept limited to the tech-savvy, crypto is now rolling out the red carpet for gamers across the globe. Why? Because digital currency offers exactly what online gaming needs: security, privacy, and, let’s face it, a dash of futuristic allure. With crypto leading the charge, we’re starting to see just how transformative it can be for the gaming world.

Crypto and Gaming: A Perfect Match

In a world where convenience is king, cryptocurrencies provide a secure, decentralized alternative to traditional payment systems. More and more gaming platforms are catching on, recognizing that digital currency can make transactions faster, anonymous, and, crucially, private. If you’ve ever worried about linking your credit card to a gaming site, the appeal is clear: crypto keeps you safe and anonymous.

This privacy feature has been a game-changer for many online gamers who want to keep their personal details under wraps. Cryptocurrency transactions skip the banks, meaning you don’t need to hand over sensitive financial information every time you make a deposit. For online gamers, especially those in regions where banking transactions can be complicated or even restricted, cryptocurrency offers an open door to the global gaming community.

The Stats Tell the Story

Still not convinced? Let’s talk numbers. A recent survey found that more than 40% of online gamers are open to using cryptocurrency for in-game purchases or as a primary payment method. And while crypto’s mainstream adoption in gaming is still in its early stages, the trend is catching on quickly—so much so that gaming industry experts predict a 100% growth in crypto-based gaming transactions by 2026. This growth isn’t just about the novelty of Bitcoin or Ethereum; it’s driven by real demand for better privacy, speed, and, yes, a way to dodge those pesky bank fees.

Gaming Platforms Go Crypto-Friendly

From indie developers to established gaming giants, an increasing number of platforms are adding cryptocurrency to their list of payment options. Think about it: crypto allows players to make deposits and withdrawals without needing a third-party bank or credit institution, which translates to lower fees, fewer limitations, and greater control over your own money.

Some online casinos, for example, now offer Bitcoin, Ethereum, and even lesser-known altcoins as payment options. For players, this means no more waiting days for that withdrawal to hit your account; cryptocurrency transactions are processed almost instantaneously. When winning streaks matter and gamers want to cash out fast, crypto is the answer. For example, you can find the best offshore platforms as reviewed on SportsCasting here, and find the one that suits your needs the most.

Not only does this improve the overall user experience, but it also widens the appeal of online gaming. Cryptocurrency provides a way in for players in countries where traditional payment methods are restricted or heavily monitored. And the gaming platforms benefit too—reduced transaction fees mean a lower barrier to entry for new players, leading to an expanding player base from around the world.

Privacy First: The Anonymity Advantage

One of the biggest draws of cryptocurrency in gaming is the anonymous nature of the transactions. Unlike credit card payments or bank transfers that require personal identification and verification, crypto is peer-to-peer. This means transactions are stored on a secure blockchain, giving players the ability to engage without revealing personal data.

For example, decentralized casinos offer anonymous gaming, which means players only need a crypto wallet to get started—no ID verification, no bank account details. This also appeals to users who may be uncomfortable with the scrutiny and tracking common in standard payment methods.

In an era where data breaches and identity theft are top concerns, the anonymity provided by cryptocurrency is a massive perk. Players feel more at ease knowing their winnings aren’t just a tap away from prying eyes, and their financial details are kept secure and off the radar.

Accessibility and Global Reach

Cryptocurrency is also a lifeline for gamers in parts of the world where traditional banking isn’t as accessible. For instance, a gamer in a country with strict financial controls can use crypto to participate in the same games as someone in a nation with more relaxed banking laws. All you need is a stable internet connection and a crypto wallet, and you’re ready to go. This has democratized online gaming, bringing together players who might otherwise never have had the chance to connect or compete.

According to recent studies, an estimated 1.7 billion people globally remain unbanked, but many of these individuals have access to smartphones. Cryptocurrency effectively bridges this gap, offering the unbanked a way to participate in the gaming economy and opening up fresh opportunities for both gamers and gaming platforms to expand their reach.

The Future of Crypto in Gaming

With benefits like enhanced security, reduced fees, and fast processing times, it’s clear that cryptocurrency is here to stay in online gaming. As more gaming platforms continue to adopt crypto and build blockchain-based ecosystems, we’re likely to see the range of benefits expand. Blockchain technology allows for transparent, tamper-proof records, making it nearly impossible to cheat or hack the system—a feature that adds an extra layer of fairness to online gaming.

The technology may still be evolving, but its impact is already being felt. For instance, we’re seeing a surge in blockchain-based games that allow players to earn cryptocurrency through gameplay, adding a financial incentive and an extra layer of excitement to traditional gaming.

Plus Wallet Grows Globally, Attracting Users with its Rewards & Privacy While OKX Boosts Security & BNB Chain Supports Web3 Startups

November 12, 2024 by Vaigha Varghese

The new OKX partnership with Komainu has taken another step to strengthen institutional-grade custody, enhancing security and operational efficiency for digital assets.

At the same time, BNB Chain is hosting the fifth BNB Incubation Alliance in Bangkok, fostering Web3 innovation through support for blockchain startups.

Riding this global crypto wave, Plus Wallet is expanding its reach by attracting users worldwide with its privacy-focused design, multichain support, and rewarding features like ‘Swap to Earn’ and ‘Refer to Earn’.

By offering easy access and incentives, Plus Wallet ranks among the best crypto wallets for both newcomers and seasoned crypto users.

Plus Wallet Grows Globally, Attracting Users with its Rewards & Privacy While OKX Boosts Security & BNB Chain Supports Web3 Startups 14

Komainu & OKX Partnership: Strengthening Institutional Custody

OKX has strengthened its OKX partnership with Komainu to offer institutional clients improved off-exchange custody solutions. Initially formed in June 2023 to deliver secure off-exchange settlement, this OKX partnership expansion introduces automated settlement, 24-hour collateral adjustments, and increased support for derivatives transactions.

Plus Wallet Grows Globally, Attracting Users with its Rewards & Privacy While OKX Boosts Security & BNB Chain Supports Web3 Startups 15

Lennix Lai, OKX’s Global Chief Commercial Officer, highlighted how the collaboration combines OKX’s trading infrastructure with Komainu’s regulated custodial services for heightened asset security. Komainu’s co-CEO, Paul Frost-Smith, noted the partnership’s role in advancing secure, compliant digital asset services. This development reinforces OKX’s focus on institutional-grade risk management and operational efficiency.

BNB Chain Gathers Web3 Innovators at Bangkok Event

BNB Chain has announced its fifth BNB Incubation Alliance (BIA) event in Bangkok, scheduled for November 13 to coincide with Devcon. This gathering provides a platform for early-stage blockchain startups to showcase their projects, connect with industry leaders, and explore growth prospects within the Web3 sector.

Plus Wallet Grows Globally, Attracting Users with its Rewards & Privacy While OKX Boosts Security & BNB Chain Supports Web3 Startups 16

Top-performing teams could secure support from Binance Labs and potentially join the Most Valuable Builder (MVB) program. Additionally, BNB Hack Bangkok, which happened on November 9 to 10, offered a $230,000 prize pool to spur innovation on the BNB Chain, reinforcing Binance Labs’ commitment to supporting emerging blockchain projects.

Plus Wallet Expands Globally Offering Access for All Users

As interest in cryptocurrency grows worldwide, Plus Wallet positions itself as a user-friendly solution for a broad audience, from developed markets like the UK and US to emerging economies.

The wallet’s global availability and absence of required identity verification make it accessible to a wide range of users, letting anyone easily manage digital assets. This approach opens up opportunities for those who value privacy and simplicity when entering the crypto space.

Plus Wallet Grows Globally, Attracting Users with its Rewards & Privacy While OKX Boosts Security & BNB Chain Supports Web3 Startups 17

To further support its diverse user base, Plus Wallet includes multichain support, allowing individuals to hold and manage various types of cryptocurrency—such as Bitcoin, Ethereum, and BNB—within a single crypto wallet app.

This capability lets users organise a wide range of digital assets without the complexity of managing multiple wallets. By simplifying access to different cryptocurrencies, Plus Wallet caters to users at all experience levels, making crypto management straightforward.

Plus Wallet takes user engagement a step further with its Swap to Earn and Refer to Earn programs. With the Swap to Earn feature, users earn rewards each time they exchange one cryptocurrency for another, while Refer to Earn feature enables users to gain even more by inviting friends to the platform. These programs make routine transactions and social connections rewarding, providing users with real incentives to grow their assets effortlessly.

Summing Up

The OKX partnership with Komainu highlights enhanced institutional support, while BNB Chain drives progress in Web3 by nurturing blockchain startups. However, for everyday crypto users, Plus Wallet is an ideal mobile crypto wallet that offers easy access, multichain support, and unique earning features like Swap to Earn and Refer to Earn. Its combination of accessibility and rewards makes Plus Wallet an excellent choice and the best crypto wallet for managing and growing assets through one flexible, user-friendly platform.

Plus Wallet Grows Globally, Attracting Users with its Rewards & Privacy While OKX Boosts Security & BNB Chain Supports Web3 Startups 18

Explore Plus Wallet:

Website: https://pluswallet.app/

Download: https://onelink.to/pluswalletapp

Twitter: https://x.com/pluswalletapp

Instagram: https://www.instagram.com/pluswallet.app/

Dogecoin Soars to Sixth Place as Meme Coin Sector Stages Epic Comeback

November 12, 2024 by Kashif Saleem

Dogecoin’s mаrkеt cаp surgеd to $42.98 billion, propеlling it to sixth plаcе in rаnkings.
Anаlysts prеdict Dogecoin could pеаk bеtwееn $3.95 аnd $23.26, signаling а mаssivе rаlly.
Thе meme coin mаrkеt sееs а rеsurgеncе, with Shiba Inu, PEPE, аnd othеr coins rеcording notаblе gаins.

Thе crypto mаrkеt witnеssеd а drаmаtic shift following Donаld Trump’s victory lаst wееk. Dogecoin (DOGE), thе world’s most prominеnt meme coin, еmеrgеd аs thе biggеst bеnеficiаry, еxtеnding its wееkly gаins to а stаggеring 86%. This surgе propеllеd DOGE to thе covеtеd sixth position in thе cryptocurrеncy rаnkings, surpаssing еstаblishеd plаyеrs likе XRP аnd USDC. Thе mаrkеt cаpitаlizаtion of DOGE skyrockеtеd to а nеw high of $42.98 billion, furthеr solidifying its position аs а mаjor forcе in thе digitаl аssеt lаndscаpе.

Analysts Anticipate a Major Rally for Dogecoin

Crypto аnаlysts аrе brimming with optimism rеgаrding Dogecoin’s futurе trаjеctory. Ali Mаrtinеz bеliеvеs thаt DOGE is on trаck for а notаblе rаlly. Drаwing insights from historicаl chаrt pаttеrns, Mаrtinеz pinpoints а potеntiаl pricе pеаk for Dogecoin bеtwееn thе 1.618 аnd 2.272 Fibonаcci lеvеls. This trаnslаtеs to а tаrgеt rаngе of $3.95 to $23.26, indicаting а potеntiаl pаrаbolic phаsе for thе meme coin аnd а substаntiаl opportunity for growth.

Dаtа from Coinglаss rеvеаls а significаnt аmount of liquidаtion аctivity surrounding Dogecoin in thе pаst 24 hours. Ovеr $66 million worth of DOGE positions wеrе liquidаtеd, with short liquidаtions аccounting for $32.76 million аnd long liquidаtions for $33.77 million. Intеrеstingly, thе opеn intеrеst for DOGE hаs аlso surgеd by а rеmаrkаblе 18.21%, surpаssing $2.42 billion. This suggеsts thаt dеspitе somе short-tеrm volаtility, trаdеrs rеmаin bullish on Dogecoin’s long-tеrm prospеcts.

Meme Coin Frenzy: Dogecoin Leads the Charge

Dogecoin’s mеtеoric risе hаs spаrkеd а rеvivаl аcross thе еntirе meme coin sеctor. Shiba Inu (SHIB), а closе compеtitor, еxpеriеncеd а 12% incrеаsе in thе lаst 24 hours, pushing its wееkly gаins to ovеr 52%. Othеr notаblе gаinеrs includе Pеpе Coin (PEPE), Dogwifhаt (WIF), аnd Bonk (BONK), еаch rеcording imprеssivе gаins rаnging from 45% to 49% ovеr thе pаst wееk. Notаbly, thе PEPE pricе аppеаrs to bе on thе cusp of аnothеr significаnt rаlly, potеntiаlly еxcееding 200% in thе nеаr futurе.

Thе combinеd impаct of thеsе rаlliеs hаs propеllеd thе ovеrаll cryptocurrеncy mаrkеt cаpitаlizаtion to а stаggеring $2.07 trillion. This rеprеsеnts а rеmаrkаblе incrеаsе of $400 billion within а wееk, with Dogecoin lеаding thе chаrgе. Whilе still short of thе аll-timе high of $2.76 trillion rеаchеd in Mаrch 2024, thе mаrkеt is undеniаbly on аn upwаrd trаjеctory.

Bitcoin, thе undisputеd lеаdеr, hаs аlso bеnеfitеd from this positivе sеntimеnt, rеcеntly hitting а nеw аll-timе high of $81,843. Anаlysts аrе now cаutiously optimistic аbout thе possibility of Bitcoin rеаching thе highly аnticipаtеd $100,000 mаrk.

SEC Extends Ethereum ETF Options Review, Calls for Public Feedback

November 9, 2024 by Mishal Ali

Key Takeaways:

SEC delayed the decision on Ethereum ETF options, so more time was needed for analysis.
Public comments sought on proposed rule change for Ethereum ETP options.
Potential impact on market efficiency, investor protection, and cost-effective trading.

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the approval of spot Ethereum ETF options, citing the need for further analysis and public input. This delay affects the proposals from Bitwise and Grayscale and the potential listing of options for the BlackRock iShares Ether Trust (ETHA).

The move by the SEC extends a consideration time for rule change that would pave the way for options trading in ETPs based on Ethereum.

Proposed Rule Change

On July 23, 2024, NYSE American LLC filed with the Securities and Exchange Commission a proposed rule change pursuant to Section 19 of the Exchange Act, amending Exchange Rule 915 to permit the listing and trading of options on Ether ETPs, including the Bitwise Ether ETF and Grayscale Ether Trust.

Such products would allow investors to get exposure to the price movements of Ethereum, without essentially owning the cryptocurrency. The proposed rule published in August had the SEC extend the decision timeline until September 24, 2024, despite no comments from the public.

The Commission is considering whether the proposed rule change is consistent with Section 6(b)(5) of the Act, which provides that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and, in general, to protect investors and the public interest.

SEC Seeks Public Input on Ethereum ETP Proposal

The SEC, while reviewing the process, invited comments from the public as a test to see if the proposal meets regulatory thresholds. Through this review, the Commission will also know whether options on the Ether ETPs would be economically viable means of hedging and managing risk exposure in the Ethereum market.

If approved and brought to the market, these options would operate under precisely the same regulatory framework as other commodity ETFs, such as the SPDR Gold Trust, thereby ensuring congruity with prevailing market rules.

More specifically, the SEC requests comments regarding whether this proposal is sufficiently data-driven to support regulatory alignment. The Commission will, as it traditionally does, consider public comments in making its ultimate decision and has set a deadline for such comments to be filed.

4 Premier iOS Crypto Wallets of 2024: How to Earn, Trade, & Secure Your Assets

November 9, 2024 by Vaigha Varghese

As digital finance takes off, the importance of a superior crypto wallet is undeniable. iOS users now have access to an impressive lineup of wallets, each designed to meet specific needs—from solid security and lucrative rewards to effortless Web3 integration and interfaces perfect for beginners.

This guide delves into four standout crypto wallets: Plus Wallet, Bybit Wallet, KuCoin, and Revuto. Each one offers distinct features, whether you’re looking for smooth access to DeFi, a variety of trading functions, or an intuitive design. Find out which wallet syncs perfectly with your trading style and expertise level.

4 Premier iOS Crypto Wallets of 2024: How to Earn, Trade, & Secure Your Assets 26

1. Plus Wallet: Unlimited Rewards in a Secure Mobile Wallet

Plus Wallet marries simplicity with strong security, ideal for both beginners and seasoned users. It supports major cryptocurrencies like BTC, ETH, and BNB, offering a streamlined interface for confident asset management and exchange. Available on both iOS and Android, Plus Wallet is built with cutting-edge encryption and unique, device-specific private key storage to safeguard your assets.

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What sets Plus Wallet apart is its groundbreaking, unlimited rewards program. The “Swap to Earn” feature showers users with USDT rewards for every transaction, enhancing the value of daily trades.

The “Refer to Earn” option allows users to profit from expanding their network, and continually growing their earnings through referrals. With no limit to what you can earn, Plus Wallet lets you effortlessly grow your portfolio, turning every action into a wealth-building opportunity.

2. KuCoin: A Vast Array of Crypto Opportunities

Since its launch in 2017, KuCoin has become a major force in global cryptocurrency trading, known for its wide selection of digital assets and a user-friendly interface. It’s created a secure, transparent trading setting that’s drawn millions.

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With the KuCoin app, available on iOS and Android, users can manage their portfolios smoothly, accessing both well-known and niche cryptocurrencies. KuCoin makes a variety of trading options available, meeting the needs of all levels of investors.

3. Revuto: Tailored for Crypto Beginners

Revuto offers an incredibly streamlined, intuitive experience that’s optimized for iPhone users, making it ideal for those just starting out with crypto. Its straightforward design lets users effortlessly buy, sell, and switch between fiat and crypto.

Designed to make managing your assets a breeze, Revuto supports users of all experience levels with a platform that simplifies crypto management.

4. Bybit Wallet: Your Seamless Gateway to Web3

Bybit Wallet, a custodial Web3 wallet, makes it easier than ever to tap into DeFi and dApps directly through the Bybit platform. This hot wallet, perfect for both newcomers and crypto veterans, includes token swaps, staking, and IDO participation, making it a go-to for engaging with Web3.

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Different from Bybit’s more secure cold storage options, Bybit Wallet handles private keys for users, trading off some security for unmatched access. While this might be less secure, it ensures that daily crypto transactions are hassle-free. Bybit Wallet is the perfect starting point for anyone eager to dive into Web3.

Finding Your Ideal iOS Crypto Wallet

Picking the right crypto wallet can significantly boost both your security and your trading success. Each wallet showcased—Plus Wallet, Bybit Wallet, KuCoin, and Revuto—brings unique advantages to the table.

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From the reward-rich Plus Wallet to the Web3-ready Bybit, the diverse KuCoin, and the beginner-friendly Revuto, these wallets cover the full spectrum of today’s cryptocurrency tools. iOS users can find wallets that match their specific needs, whether they prioritize rewards, functionality, or ease of use, and optimize their digital asset management.

Ripple Gains 75-Day SEC Deadline Win: Dismissal Threat Looms

November 2, 2024 by Aishwarya shashikumar

The Second Circuit Court mandated the SEC to file its Ripple appeal brief by January 15, 2025, or risk dismissal.
The court warned that any extension requests would not alter the January 15 deadline.
XRP supporters speculate the SEC might drop the appeal, anticipating potential leadership changes after the 2024 election.

Ripple’s high-stakes case has taken a new turn as the Second Circuit Court of Appeals has issued a strict deadline to the U.S. Securities and Exchange Commission (SEC) for its appeal. The court mandates that the SEC must submit its appellate brief by January 15, 2025, solidifying the timeline for a case that has already captivated the crypto industry. Prominent defense lawyer James K. Filan highlighted the importance of this mandate, calling the public’s attention to the ruling.

This new directive comes just a week after the SEC requested this January deadline, which the court approved in an order issued on October 31, 2024. However, the court didn’t mince words, warning the SEC that missing the deadline would result in an automatic dismissal of its appeal. Moreover, the court specified that any request to extend the deadline would be disregarded, signaling its determination to move forward promptly.

The recent decision from the Second Circuit Court is another reminder of the seriousness surrounding the Ripple case. Ripple Labs has already enjoyed significant victories, particularly Judge Torres’ landmark ruling, which found that Ripple’s programmatic sales of XRP on digital exchanges and other XRP distributions were not investment contracts. The SEC, however, seeks to overturn this ruling, a goal it has cemented in its pre-argument statements.

In its appeal, the SEC specifically challenges Judge Torres’ decision, which favored Ripple’s sales and use of XRP as payment. The commission also reignited aiding and abetting charges against Ripple executives, Chris Larsen and Brad Garlinghouse. These charges had been dropped last year but resurfaced in the SEC’s recent filings. The appeal brief, due on January 15, will shed light on the SEC’s core arguments as it seeks to challenge Ripple’s win and possibly shape future crypto regulation.

Speculation Rises Among Ripple Supporters

As the SEC’s deadline looms, XRP enthusiasts are already speculating about the regulator’s next move. Some are confident that the SEC might drop its case before January 15. This belief is fueled by the upcoming U.S. presidential election and the possibility of a new administration that could usher in a fresh approach to crypto regulation.

Dan Thurman, an XRP community advocate, anticipates that SEC Chair Gary Gensler could exit the agency by year’s end, potentially paving the way for the SEC to abandon its appeal. Thurman and other XRP proponents view the 2024 election as a pivotal event. Should pro-crypto candidates succeed, they may instigate significant changes in the SEC’s leadership, possibly resulting in a more favorable stance towards digital assets.

With the deadline now set, the clock ticks for the SEC. The Ripple community will watch closely, hoping this chapter in the long-running saga concludes with regulatory clarity rather than courtroom battles. Whether the SEC will persist or retract remains a hot topic, but for now, the agency has its marching orders.