SEC

Leading cryptocurrency exchange Coinbase has filed to go public on Nasdaq via a direct listing. This sets the stage for a landmark listing for the U.S cryptocurrency exchange and a first for the blockchain industry.  Filing Reveals Key Details On Coinbase This development was revealed by the U.S media outlet platform Reuters on February 25. According to the report, the exchange has disclosed its regulatory filing to the U.S financial regulators, paving the way for its listing on the U.S stock exchange. …

Cardano (ADA) has experienced an extended bull run in recent months, which has led the altcoin to new milestones. The market capitalization of ADA has exceeded Ripple (XRP) for the first time and is ranked 4th on the coin rankings.  Cardano (ADA) Overtakes Ripple (XRP) Cardano (ADA) surpassed the market cap of XRP in the late hours of February 7, 2021. This was after a week in which the altcoin made significant gains in the market. ADA had enjoyed a…

In the wake of COVID-19, many situations have gone south, with many economies crashing as the global pandemic ravaged the world’s rest. However, this was a perfect chance for the digital asset industry, including decentralized finance (DeFi), to rise to fame. The cashless options the space presented to many was a well-needed escape from unnecessary risks of contracting the virus. We have recently seen a boost in a lot of top coins as BTC and ETH reached new all-time highs.…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1 trillion. Bitcoin increased by nearly 3% over the week to trade again above $33,000. Ethereum set a new all-time high (ATH) at 1,467.48 on Monday. XRP’s value skyrocketed by nearly 80% after Ripple hit back at the SEC in a fraud allegations lawsuit. Wall Street investors lost billions of dollars after a group…

In a Jan 28 blog, Coinbase unveiled plans to become a publicly-traded company in 2021 via a direct listing of its shares. The popular exchange stated that it would pursue a direct listing of its Class A common stock. The announcement comes as a follow-up to the leading exchange's earlier move to seek regulatory approval for a public listing. In Dec of last year, Coinbase confidentially filed a draft registration statement on Form S-1 with the SEC, laying down its…

Following the recent surge in the prices of the top cryptocurrency, bitcoin (BTC), and the meme-inspired digital token, Dogecoin (DOGE), the popular trading app Robinhood abruptly restricted the trading of cryptocurrencies on all of its platforms. According to a Friday report by CNBC, the investing platform temporarily stopped its customers from making deposits into their digital wallets for crypto purchases. Thus, customers can only buy cryptocurrencies using only the funds that they had already deposited into their accounts before the…

Over the past few hours, ETH has managed a bullish breakout above several key resistance levels while BTC continues to trade sideways. The second-largest cryptocurrency by market cap has been showing continued strong upward price momentum since the weekend, prompting crypto pundits to anticipate that ETH could soon set fresh highs and follow bitcoin's recent parabolic rally. ETH has gained over 12% in the past 24 hours and surmounted the $1,250 and $1,280 resistance levels against the US Dollar. As…

U.S. cryptocurrency exchanges had to consider removing XRP amid a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit is based on SEC’s claims that the crypto is unlisted fundraising security issued by Ripple Labs. Among these exchanges, Coinbase deserves a special mention. Apart from the usual considerations about XRP listing, it also wants SEC approval to issue its shares and trade with private investors. If the commission wins the case, XRP could be classified as a security,…

A recently released report by Finbold showed a tally of banks and countries served with fines due to breaching money laundering regulations and leaking private data. The compilation is arranged from the highest-fined to the lowest. The USA has 12 banks fined, standing as the largest number in the tally by far as China followed it with 7.  More Details on the Report Finbold's report further stated that the banks' faults varied, including not following Anti-Money Laundering protocols (AML), sharing…