Cryptocurrency News

DEXes are not securities exchanges argues crypto venture firm Paradigm. Crypto venture capital firm Paradigm has slammed the U.S. Securities and Exchange Commission’s attempt to redefine the term “exchange” — which would if accepted, bring decentralized exchanges under its purview. On June 8, the firm sent a lengthy 14-page letter to the SEC Secretary, Vanessa Countryman,…Read More

Whether XRP is ruled as a security or not in the Ripple case will certainly have an influence on the two latest crypto exchange lawsuits, crypto lawyers told Cointelegraph. The judges presiding over Coinbase and Binance’s lawsuits will likely watch the results of the SEC v Ripple case closely, crypto lawyers told Cointelegraph.Ripple has been…Read More

Meanwhile, financial services firm Berenberg Capital told Cointelegraph that it viewed Coinbase shares as “uninvestable” in the near term. Credit ratings agency Moody’s has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action against the crypto exchange for allegedly operating as an unregistered securities broker.In a June 8 statement, Moody’s…Read More

Binance.US said the moves are part of efforts to protect customers and the platform amid “extremely aggressive and intimidating tactics” by the SEC. Binance.US has announced the suspension of U.S. dollar deposits and has notified its customers of an incoming pause to fiat (USD) withdrawal channels as early as June 13.On June 9, Binance.US announced…Read More

The images depicting Donald Trump cuddling up to and kissing Anthony Fauci were labeled as being AI-generated on Twitter’s disinformation alert feature. Pro-Bitcoin (BTC) presidential bidder Ron DeSantis has been tagged for apparently using artificial intelligence-generated images in an ad campaign smearing rival and former president Donald Trump.It comes amid a rise in AI-generated deep…Read More