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Grayscale, a leading cryptocurrency asset manager, has unexpectedly withdrawn its application for an Ethereum futures exchange-traded fund (ETF) just weeks before the U.S. Securities and Exchange Commission (SEC) was set to make a decision on it. This move has left many in the industry speculating about the implications for the future of Ethereum-based investment products. [...] The post Traders Short Ethereum as Grayscale Pulls Futures ETF Plan appeared first on Blockonomi...

FTX, the bankrupt cryptocurrency exchange, has unveiled a new proposal that promises to repay a significant portion of its creditors’ claims, plus additional compensation for the time value of their investments. The plan, which is subject to approval by a Delaware bankruptcy court, could distribute between $14.5 and $16.3 billion to creditors within 60 days [...] The post FTX Creditors to Receive Compensation, but Some Argue It’s Not Enough appeared first on Blockonomi...

Raindex is an innovative platform that just debuted on the Flare network. Via the Flare blockchain, Raindex has provided a great innovation by trying to overcome the scalability issues and low transaction speed despite the complexity of the decentralized exchanges (DEXs). An innovative approach towards token trading is offered by Raindex, i.e. Flare Time Series […] The post Raindex Is Transforming Decentralized Trading On The Flare Blockchain appeared first on Coindoo...

The U.S. Securities and Exchange Commission (SEC) has been ramping up its efforts to regulate the cryptocurrency industry, with Chair Gary Gensler defending the agency’s focus on crypto despite its relatively small market size compared to traditional finance. TLDR SEC Chair Gary Gensler claims crypto receives an “outsized ratio” of questions compared to its market [...] The post SEC’s Crypto Crusade: Gensler Addresses Crypto’s “Outsized” Presence in Enforcement Actions appeared first on Blockono...

Monero Faucets works on offering a little payment in return for performing easy activities or clearing captchas. These tasks are simple, like playing games. The goal of Monero faucets is to expose people to cryptocurrency by giving them a small amount for free, allowing them to experiment with it without committing any money beforehand. The …

LocalMonero, a prominent peer-to-peer trading platform for Monero (XMR), announced its closure effective May 7, 2024. The decision, influenced by a combination of internal and external factors, marks the end of a seven-year journey for the platform that has served as a cornerstone of the Monero community. TLDR LocalMonero, a peer-to-peer trading platform for Monero [...] The post Privacy Coins Under Pressure: LocalMonero Announces Closure appeared first on Blockonomi...

In a recent development, three prominent American sports personalities have agreed to collectively pay $2.42 million to settle accusations of promoting the now-bankrupt cryptocurrency exchange Voyager Digital. Retired NFL star Rob “Gronk” Gronkowski, NBA player Victor Oladipo, and NASCAR driver Landon Cassill have reached settlements without admitting to or denying the allegations. TLDR Rob Gronkowski, [...] The post Sports Celebrities Settle Voyager Digital Promotion Lawsuit for $2.42M appeared...

The post This Bullish Pattern In AR Price Teases $100 In 2024 appeared first on Coinpedia Fintech News As the bullish momentum in the market exhausts in the middle of the week, many altcoins are returning to the nearest support levels. Amidst this spring of correction, the AR price is failing to surpass a multi-contact reversal zone. With Bitcoin reverting to the $62,300 support, will altcoins crash this weekend? Will the Arweave token …

The post Is This The End of Ripple vs SEC Lawsuit? SEC’s Redacted Remedies Reply Could Change Everything appeared first on Coinpedia Fintech News Right now, the market is split due to the SEC’s submission of a sealed remedial reply brief and exhibits in its complaint with Ripple. Today, the redacted copies of this brief will be released. The case is more interesting when both parties use strategy to protect their interests. Bill Morgan’s Counter Reaction on SEC’s Possible …

The Securities and Exchange Commission (SEC) has submitted its remedies reply brief in its ongoing legal battle with Ripple Labs, accompanied by supporting exhibits. This filing marks a pivotal moment in the litigation as it is the final brief before Judge Torres will make her remedies ruling. SEC Files Final Brief As Decision Day Looms For […]...