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According to a recent court order issued on Thursday, June 29, the United States Securities and Exchange Commission (SEC) is scheduled to deliver its response to Coinbase’s initial legal defense on July 13. The SEC has also filed a request with the court, seeking a three-business-day extension, as mentioned in a legal document filing. Taking a stronger position Coinbase’s legal counsel argued in a recent court letter that the company has presented various defense s in response to the SEC’s complaint, including claims of due process violation and abuse of discretion. They further contended that there is a fundamental issue with the SEC’s case, which the chair acknowledged two years ago, asserting that Coinbase should be entitled to judgment on the pleadings as the subject matter falls outside the SEC’s authority.  As a result, a conference has been scheduled for July 13, during which the judge will decide whether Coinbase will be allowed to proceed ...

Melania Trump, the former first lady and wife of President Donald Trump, has entered the world of non-fungible tokens (NFTs). She has released a new collection of NFTs featuring iconic American locations to celebrate Independence Day. In a blog post on June 29, Melania Trump announced the launch of her NFT collection on the Solana network. The collection comprises 1,776 NFTs, representing “the Year of Independence.” The NFTs feature photographs taken at various locations nationwide, including the Liberty Bell and Mount Rushmore. Each NFT also includes patriotic music. The 1776 Collection Six Limited Edition Collectables Available Exclusively at https://t.co/kAenWUwxQ1#USAmemorabilia #NFTs#The1776Collection #IndependenceDay pic.twitter.com/euYySvvRcD — USAmemorabilia (@USAmemorabilia) June 29, 2023 In an interview with Fox News, Melania Trump discussed her new NFT collection and mentioned that she had the privilege of visiting the places that inspired the works...

It’s official. ZK Stack is now available to developers . Matter Labs, developers of the zero-knowledge layer-2 scaling solution zkSync Era, recently released the open-source code to the public. So what’s so special about it? Matter Labs’ Alex Gluchowski and Anthony Rose spoke to Blockworks on the 0xResearch podcast (Apple/Spotify) about the nuts and bolts of the Ethereum-compatible open-source protocol that rivals Optimism’s OP Stack. ZK Stack is a modular framework for building highly customizable blockchains, CEO Gluchowski told Blockworks. The layer-2 tech uses cryptographic zero-knowledge proofs rather than the “optimistic” approach to rollups, which assumes transaction validity unless proven otherwise.  Senior vice-president of technology Rose says the system includes all the “core components” that together would be used to form “hyperchains.” The stack will also include “the tooling around that,” he says, like compilers, SDKs for configurations and so forth. “Essentially,...

cBridge Support for Aura Network, enables users to transfer AURA and USDC tokens between the different blockchain ecosystems with ease. This exciting development marks a significant milestone in our strategic partnership with the Aura Network and represents a major step forward in achieving seamless interoperability across blockchain ecosystems! With this integration, Celer is introducing seamless token bridging to the Aura Network. Celer is starting off by supporting the bridging of both AURA and USDC. As cBridge announces Support for Aura Network Celer-Bridged Token Addresses on: BNB Chain – AURA – 0x01A2df2cA978F9e75E2eCC56Bf7158018fF123c2 Aura Network – USDC – aura1fgfnuru6krewgt9zzu7nzercz007928uzrw2t2tl6hl3ec50me2q3ankr2 Celer is supporting asset and token bridging initially via the xAsset model, a lock-and-mint method, for token transfers between external chains and the Aura Network. Additionally, discussions are underway to integrate Celer’s Inter-chain Messaging Framework, a g...

ARK Invest and 21Shares' third application for a spot Bitcoin ETF now includes a surveillance sharing agreement. ARK Investment Management has amended its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC), making it similar to BlackRock's recent filing.  The amendments include a surveillance sharing agreement with the Chicago Mercantile Exchange (CME) futures markets and crypto exchange, most "likely Coinbase", said Bloomberg's ETF analyst Eric Balchunas on Twitter. In the race for the first Bitcoin ETF in the United States, ARK's filing update puts it ahead of its competitors. JUST IN: ARK has amended their 19b-4 for spot bitcoin ETF to include a surveillance sharing agreement bt CBOE and a crypto exchange (likely Coinbase), which makes their's like BlackRock's filing now, and puts them in pole position to be approved first bc they filed first. pic.twitter.com/P8PCmPdhln — Eric Balchunas (@...

The crypto space is ever-evolving. Changes, updates, and upgrades take place on a daily basis, keeping investors and other people from the space on their feet. Tapping into the growing interest of the masses, several regions around the world have softened their stance with respect to this asset class. In effect, a bunch of them have managed to earn the ‘crypto hotspot’ or ‘crypto hub’ tag. Crypto Hubs 2023 Considering various factors like regulations, adoption, ease of doing business, digital infrastructure, jobs, etc., CoinDesk recently identified a host of crypto hubs. While the list did contain several expected names like Dubai, Abu Dhabi, and Singapore, it also featured a few unconventional and off-beat names like Ljubljana, and Libson. Zug With no outright weakness per se, Switzerland’s Zug managed to clinch the top spot. According to the report, Zug scored the “highest overall” when it came to opportunity measures. This was mainly due to the “richness of its per-capita crypto-rel...

Join Our Telegram channel to stay up to date on breaking news coverage Prominent financial institutions in the United States, managing a staggering $27 trillion in assets, are actively exploring opportunities to provide their clients access to Bitcoin and other cryptocurrencies. Major US Financial Institutions Embrace Crypto Leading asset management firms have begun to embrace digital assets, acknowledging their potential as an investment class. Meltem Demirors, Chief Strategy Officer of CoinShares, revealed on June 26 that several prominent financial institutions managing an astounding $27 trillion in assets had expressed their intent to venture into the world of digital assets. 1/ last week's @BlackRock spot Bitcoin ETF filing was big news! but, it's not the only story. many of the largest financial institutions in the US are actively working to provide access to Bitcoin and more. a quick glance – $27 trillion of client assets here! pic.twitter.com/azmHZmUL2a ...

Join Our Telegram channel to stay up to date on breaking news coverage SUI tokens were introduced in May 2023 for the Sui blockchain . However, it wasn’t accused of being an unregistered security like other altcoins targeted by the SEC in lawsuits against Binance and Coinbase.  Here’s what SUI is and how it works. As well as some SUI price predictions as of June 21, 2023. Ethereum’s Influence and the Rise of Sui Some people say Ethereum (ETH) is more important than Bitcoin (BTC) in the world of cryptocurrencies. Ethereum has played a big role in advancing crypto, even though BTC is the biggest and most influential coin. Smart contracts are computer programs that execute automatically when certain conditions are met. Decentralized applications (DApps) and decentralized finance (DeFi) have been made possible by these smart contracts. People complained about Ethereum’s slow speed, which was widely known. In September 2022, Ethereum switched from a Proof-o...

Bakkt, a New York-based crypto exchange for institutional investors, has announced that it will join other centralized exchanges (CEX) to remove Polygon (MATIC) from its platform. The announcement comes after SEC deemed MATIC a security in a crackdown attempt on crypto exchanges. Meanwhile, crypto traders have an alternative to trading MATIC, with Tradecurve, the new hybrid exchange making waves. The popular derivatives exchange, Bakkt, has removed MATIC from its platform. Bakkt’s general counsel and secretary, Marc D’Annunzio, has said Plolygon will remain delisted until there is regulatory clarity. Meanwhile, investors will still be able to trade MATIC on a new hybrid exchange, Tradecurve, because it operates on a decentralized structure. Bakkt Announces the Delisting of Solana The popular New York-based derivatives exchange for institutional investors, Bakkt, has announced that the company has removed Polygon (MATIC) from its platform over the recent classification ...

Jun 26, 2023 at 08:02 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, Bitcoin (BTC) price is trading below the upper resistance level of $31,000. Bitcoin price long-term forecast: bullish The current uptrend was halted when the price peaked at $31,430. At the time of writing, Bitcoin is trading at a high of $30,387. The cryptocurrency asset is currently trading in the overbought zone of the market. Bitcoin is overbought, so further price increases are unlikely. The bitcoin price was beaten back at the overriding resistance...

In a recent statement, Terawulf announced its bitcoin mining update months after launching a first-of-its-kind nuclear - power ed Nautilus facility in the United States. Terawulf electricity costs advantage According to Terawulf, they actualized their goal of adding an extra 8,000 rigs to increase its capacity and currently accommodates 16,000 self-miners while running on 50 MW of power in a five-year agreement with the power generator.  You might also like: Texas legislature passes new bitcoin mining laws At the same time, they delivered a gross margin of 63%. However, at the moment, they have a blended electricity cost of $0.028//kWh, pushing their gross margin to 77%.  "Terawulf ( $WULF ) delivered a gross margin of 63% benefiting from their 5 year agreement, providing 50 MW and home to 16,000 self-miners, at the nuclear-powered Nautilus Cryptomine facility in Pennsylvania. The power cost at this, the first nuclear facility to power Bitcoin, is… https://t....

First, there was Bitcoin. Many iterations later, along came Ethereum. Soon, a few more sophisticated solutions joined, like Cosmos and Solana. And more recently, high-performance blockchains like Aptos and Sui have joined the fray.  It’s an ongoing accumulation of years of one-upping, building yet another protocol to edge out competitors. Add in all the rollups and app chains on top of the layer-1 pile and things start to look pretty crowded.  But is that a bad thing? “I think the world is just going to have lots of chains ,” says Jim Chang on a recent episode of the On the Other Side podcast (Spotify / Apple). The founder of Catalyst, a cross-chain liquidity layer that allows for “borderless blockchain ,” feels pretty confident that the ever-growing list of new protocols will only get longer over time. And that’s perfectly OK. “Everyone’s trying to find this over-encompassing thing,” which is impossible, he says. “You might as well just capitulate and try to aggregate all of th...

Terra Luna Classic Dev Proposes Liquid Staking Derivatives Developer Parker Lowe submitted a proposal “Allow Various ICA Host Message Types (For QuickSilver)” to Commonwealth and took to Twitter to bring community attention to it. The proposal is signed by Fragwuerdig, Parker Lowe, Rexxaurus, Ohhbilbobaggins, and LuncBurnArmy . advertisement Fragwuerdig said the proposal can massively improve LUNC staking ratio on the Terra Classic chain. CosmoSreXx believes LUNC liquid staking derivatives (LSD) would help bring value to the coin and Terra Luna Classic chain. “We introduce to the LUNC community our first proposal for liquid staking derivatives with Quicksilver Protocol.” Excellent proposal 👏 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...