Web Stories
FTX and Genesis Reach Settlement on $2 Billion Lawsuit
The high-profile legal dispute between bankrupt cryptocurrency exchange FTX and crypto lender Genesis appears to be nearing resolution, according to a recent court filing. FTX, which filed for Chapter 11…
SEC Ruling on SPIKES Futures Overturned as ‘Arbitrary and Capricious’
A recent appeals court decision has overturned a 2020 order by the U.S. Securities and Exchange Commission (SEC) that exempted the SPIKES Volatility Index from being classified as a security…
Is a Worldcoin Price Rebound Imminent? Chart Pattern Indicates Potential Rally to $3
Recent price action shows Worldcoin (WLD) consolidating within a broadening wedge pattern, suggesting a potential reversal and rally to $3 may be forthcoming, according to a recent analysis. After surging…
Worldcoin resolves security issues ahead of launch
Worldcoin, the controversial cryptocurrency project that uses iris scans to verify users' identity, has released security audit reports claiming most issues found during audits have been resolved ahead of its…
Beam Wallet Lets Users Receive Crypto Via Twitter Login on Optimism Network
Beam, a new wallet launched on the Optimism network, allows users to generate crypto addresses without storing seed phrases and back up their accounts using only a Twitter login. Developed…
SEC Accountant Warns Crypto Auditors Face Heavy Liability for Misleading Statements
The chief accountant at the SEC is warning accounting firms about the legal risks associated with crypto audits and disclosures. Paul Munter says firms and individuals can face serious consequences…
Crypto Regulation Bill Advances Through US House Committee
A Republican-led bill aimed at creating a comprehensive regulatory framework for digital assets in the U.S. cleared an initial hurdle on July 27, passing out of the House Agriculture Committee.…
Grayscale Damps Hopes for Imminent Bitcoin Spot ETF Approval
Asset management firm Grayscale Investments is urging the SEC not to approve any of the recent spot bitcoin ETF applications in isolation, arguing this would unfairly advantage those specific applicants.…
Sui Foundation Severs Ties with MoveEX Due to Lockup Breach
The non-profit behind the Sui Network has ended its partnership with decentralized exchange MoveEX following a violation of their lockup agreement, according to an announcement from the Sui Foundation. MoveEX…
Financial Services Chair Defends Stablecoin Bill After Banking Industry Pushback
House Financial Services Committee Chair Patrick McHenry rebutted criticism of pending stablecoin legislation by banking trade groups in a letter last week. McHenry argued the bill would subject stablecoin issuers…
