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oinbase Takes Legal Action to Obtain Critical SEC Documents in Lawsuit In a strategic legal move, cryptocurrency exchange Coinbase has filed a motion in court, compelling the U.S. Securities and Exchange Commission (SEC) to produce essential documents related to the regulator's lawsuit against the company. This development

In July 2024, the crypto lender BlockFi will initiate the first round of compensation payouts. Asset distribution will be conducted through the Coinbase exchange. Previously, in May, the company announced the final closure of its platform. BlockFi, which faced financial collapse, will commence compensation payouts to its clients in July

Bloomberg anticipates the launch of spot Ethereum ETFs next Tuesday, July 23. This date was provided by Eric Balchunas, the publication's senior ETF analyst. The reasoning behind this prediction stems from the U.S. Securities and Exchange Commission (SEC) requesting issuers to submit final S-1 forms this Wednesday.

A Deep Dive into Malaysia's Battle Against Cryptocurrency Electricity Theft In a startling revelation that underscores the growing problem of illegal cryptocurrency mining, Malaysia has reported that unauthorized miners have stolen electricity worth a staggering $722 million over a span of five years. This information was disclosed by

The crypto mining landscape has seen significant shifts over recent years, with China emerging as a dominant force despite governmental crackdowns. According to Ki Young Ju, CEO of CryptoQuant, Chinese mining pools currently control around 54% of the global market. This assertion highlights the resilience and adaptability of the Chinese

The authorities in Zimbabwe have undertaken the development of regulations for the crypto industry. To this end, a committee has been formed to consult with experts and service providers. The information gathering on virtual assets will continue until June 26. The Zimbabwean authorities have started developing rules for the regulation

A Deep Dive into the Allegations and the Fallout: What Lies Ahead for Shima Capital? In a startling revelation, the venture firm Shima Capital, headed by Yida Gao, is under scrutiny for allegedly misappropriating investments from renowned financial players including Galaxy Digital, Dragonfly, and billionaire Bill Ackman. This investigation, spearheaded

SEC Chairman Gary Gensler has issued a stern warning to crypto exchanges that fail to comply with the law, emphasizing that mere disclosure of risks does not shield platforms from accountability. In an interview with CNBC, he discussed the regulatory framework for trading platforms and the broader cryptocurrency market. Gensler