This Week in Web3: Wells Notices, Crypto Payments and Usability

pymnts.com Crypto goes up, and crypto goes down. Then, often, crypto goes back up. It can be a dizzying and volatile cycle. Just collapsed cryptocurrency exchange FTX’s customers, who,…

SEC Allocating ‘Grossly Disproportionate’ Amount of Resources to Crypto, Says Lawyer Jake Chervinsky

dailyhodl.com Digital asset legal expert Jake Chervinsky thinks the U.S. Securities and Exchange Commission (SEC) is allocating a “grossly disproportionate” amount of resources toward…

Bitcoin podcaster secretly records Coinbase scammer’s confession

protos.com A cohort of lawless US-based youngsters are making millions of dollars by stealing crypto assets over the phone. In a revealing undercover recording, a telemarketing scammer…

United States Legislators Seek To Nullify Gary Gensler’s SAB 121

coingape.com Several United States legislators look to repeal the Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) 121, making it harder for traditional firms to…

Cyberattack Group Shifts Focus To Banks, Insurers After Casinos

benzinga.com According to cybersecurity researchers, a hacking group known as Scattered Spider, previously linked to cyberattacks on MGM Resorts International MGM, is now targeting banks…

Global crypto firms turn to Hong Kong for refuge

techcrunch.com The city’s web3 carnival this year drew noticeably more global attendees With U.S. regulators continuing to ramp up their scrutiny of crypto, startups and founders in the…

Crypto exchange OKX ceases services in India; KuCoin becomes FIU compliant

techcrunch.com Updated at 12.16am IST, March 23: KuCoin said it has become the first global crypto exchange to comply with India’s FIU. KuCoin said it will support local banks in India and…

Coinbase’s Layer 2 Base Stands Out as Top Choice for New Capital

cryptopotato.com Layer 2 networks have witnessed massive activity this year, even as their native tokens slumped amidst intense volatility across the broader market. These solutions have…

Everything in crypto is becoming a game

blockworks.co In the craziest highs of ZIRP mania, there was a popular internet adage that Coinbase and DraftKings were the same product, but just didn’t know it. Well, it sure as hell…

Crypto has become one of the most powerful forces in political donations. But will it impact the election?

aol.com Despite its creation as an economic force existing outside the political system, crypto has long had a strange relationship with U.S. elections. Look no further than Brock…

Japanese Crypto Exchange Coincheck Will List on Nasdaq

beincrypto.com Coincheck is preparing to enter the Nasdaq stock market, marking a significant step for Japan’s crypto market. This move comes through a merger with Thunder Bridge Capital…

Ethereum’s Next Big Leap? Buterin Proposes Transformative EIP-7702

bitcoinist.com Ethereum co-founder Vitalik Buterin, along with collaborators Sam Wilson, Ansgar Dietrichs, and Matt Garnett, has proposed a new Ethereum Improvement Proposal (EIP) numbered…

Empire Newsletter: FTX bankruptcy almost across the finish line

blockworks.co End in sight There’s some good news for creditors in the joint reorganization plan filed late Tuesday by FTX’s bankruptcy overseers. FTX says it has collected between $14.5…

Ark Invest Offloads $15 Billion Worth Coinbase Shares Pulling Down COIN’s Price

coinpedia.org The post Ark Invest Offloads $15 Billion Worth Coinbase Shares Pulling Down COIN’s Price appeared first on Coinpedia Fintech News Cathir Wood’s Ark Invest sold $15 billion…

Genesis and LedgerPrime alum raise $28 million for Arbelos, a crypto trading rival to Jane Street

aol.com Blockchains may be built around transparency, but the crypto industry has a long way to go in building trust, especially when it comes to trading. Poor management and…

Crypto Regulations Are Imminent, but Will the Regulators Align?

financemagnates.com Regulatory change in the crypto realm has been a subject of heated debate for many years. The general ethos of cryptocurrency is one of anarchism or anarcho-capitalism.…

Cathie Wood’s Ark Invest Divests $15M Worth of Coinbase Stock

coinspeaker.com Coinspeaker Cathie Wood’s Ark Invest Divests $15M Worth of Coinbase Stock On Tuesday, May 7, Cathie Wood’s Ark Investment Management divested more than $15 million worth of…

World of Pepe Meme Project Raises 100 SOL In its first days

cryptopotato.com [PRESS RELEASE – London, United Kingdom, May 8th, 2024] The presale for World of Pepe ($WOP), a new frog-themed meme coin on the Solana blockchain, is now underway. World of…

This AI Token Becomes the Most Trending in the Crypto Industry: Details

cryptopotato.com TL;DR An AI-related cryptocurrency has recently excelled in social volume dominance, outperforming its rivals, including the sector’s leader. Its value has surged by 435% in…

Japanese exchange Coincheck set for Nasdaq listing through SPAC merger

cryptoslate.com Japanese exchange Coincheck is set to join Coinbase as one of the two publicly listed exchanges in the United States, according to a May 8 statement. The crypto trading…

Exodus Wallet Goes Public on NYSE Under Ticker “EXOD”

bitcoinnews.com Exodus Movement, the software developer behind the popular non-custodial digital asset wallet Exodus, prepares for its public listing on the New York Stock Exchange (NYSE).…

BRC-20 Investors Bet Big on Highest APY Learn-to-Earn Platform

cryptonews.com Wednesday, May 8, 2024 – Learn-to-Earn could be the next crypto narrative as retail investors bet big on 99Bitcoins’ BRC-20 crypto presale – but what has the market so…

Front-Run the Next Bitcoin Boom: 3 Crypto Stocks to Buy Now

investorplace.com Crypto stocks to buy with strong fundamentals and potential for growth acceleration in the coming quarters After a big rally in the first two months of the year, Bitcoin ( )…

The 3 Most Undervalued Meme Stocks to Buy in May 2024

investorplace.com Dive into the top meme stocks ripe for growth in May Meme stocks have become a popular and controversial topic in the world of investing. Often associated with struggling…

Coingape: Bitcoin, Ethereum, Crypto News and Price Analysis

coingape.com Cathie Wood’s Ark Invest has made headlines yet again as it trims more of its Coinbase holdings, raising questions about the implications for COIN stock. Notably, the latest…

Japanese Crypto Exchange Coincheck Sees Nasdaq Listing Completion in Second, Third Quarters

coindesk.com None Coincheck plans to list on Nasdaq through a merger with Thunder Bridge Capital Partners IV. • None The deal has been delayed twice since its announcement in March 2022.…

The meme stock surge doesn't appear to be the ominous signal it has been

finance.yahoo.com This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: • None The chart of the day Meme stocks are…

Majority of Americans See Financial System as ‘Outdated,’ But Remain Skeptical of Crypto as Solution

cryptonews.com A recent survey conducted by the Digital Currency Group and The Harris Group has revealed that a majority of Americans in swing states view the financial system as…

Bitcoin price today: falls to $62k as regulatory jitters, rate fears weigh By

investing.com Investing.com-- Bitcoin price fell on Wednesday, further reversing a rebound seen over the weekend as persistent concerns over more regulatory scrutiny against the crypto…

All about Revolut exchange and its latest crypto plans for U.K customers

ambcrypto.com Revolut has entered the crypto market with Revolut X. On the 7th of May, Revolut, the UK-based FinTech firm known for its mobile banking and payment solutions, made a…

Robinhood CEO Decries 'Regulatory Onslaught' on Crypto, Vows to Fight SEC

decrypt.co Robinhood CEO Vlad Tenev has become Wall Street’s latest power player to blast a wave of enforcement action notices from the Securities and Exchange Commission (SEC). The…

Stuart Alderoty Says Ripple is Close to Ending SEC Lawsuit

thecryptobasic.com Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has expressed optimism about the company drawing closer to the end of the SEC’s lawsuit. He made the comment shortly…

Top Reasons Why the Crypto Market Is Down

coingape.com The fall of overall trading volume to $63.63B indicates a slow crypto market, but the rest of the factors also indicate the same. The TV has declined 17% in just a day, and…

Memecoin Bounce

decrypt.co Crypto volatile but bounces after dovish Fed speech. ETFs see record $563m outflow. BlackRock ETF sees first outflow in 77 days. BlackRock expects more institutions to buy…

Ripple Vs SEC: Lawyers Analyze SEC’s Redacted Remedies Brief Filing

coingape.com The discussions on the Ripple Vs. SEC lawsuit has intensified as the SEC has filed its redacted remedies reply brief as well as supporting briefs with the court. Notably, a…

Ethereum Price: Whales Move 150K Coins Amid ETH Retreat, What’s Next?

coingape.com the second largest cryptocurrency by global market cap, has once again turned heads across the broader crypto market. With a highly turbulent price action illustrated in the…

Ripple vs SEC Final Judgement Soon : SEC Files Redacted Remedies Reply Brief

coinpedia.org Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on…

Robinhood CEO Criticizes ‘Regulatory Onslaught’ on Crypto US, Pledges to Challenge SEC

cryptonews.com Robinhood Markets, a prominent retail trading platform, announced its intention on May 7 to challenge the US Securities and Exchange Commission (SEC) in court following…

Asset Manager Susquehanna Has $1.8 Billion Locked In Bitcoin ETFs

cryptonews.com Freshly published SEC filings have uncovered a massive Bitcoin whale holding nine-figure funds spread across multiple U.S. Bitcoin ETF products. According to a May 7 13F-HR…

Gary Gensler Attributes SEC’s Focus on Crypto to Financial Media and Fraud Concerns

cryptonews.com Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), defended the agency’s attention to the crypto industry in an interview on May 7, asserting that it’s…

Hodl Law vs SEC: Ethereum Case Gets Court Date for Oral Arguments

coingape.com The 9th Circuit Court of Appeals has scheduled oral arguments for July 18, 2024, to address a legal appeal by cryptocurrency-using law firm Hodl Law, PLLC. The firm is…

Solana Price Prediction as Traders Predict 40% Surge Coming Soon

cryptonews.com price is pulling lower on Tuesday, dipping back to $150 having pushed nearly as high as $160 earlier in the day, though traders continue to predict big near-term upside for…

SEC Chair Blames Journalists For Asking Him About Crypto So Much

cryptopotato.com One of crypto’s most powerful government nemeses believes journalists question him about the burgeoning asset class way more than necessary. Securities and Exchange…

Robinhood’s Q1 2024 Earnings: Market Awaits Bullish Revenue Report

coingape.com Financial service firm Robinhood will announce its Q1 2024 earnings report on Wednesday at market close. The earnings are widely anticipated among crypto and finance circles…

Crypto Industry Flexes Financial Muscle With $100M Super PAC War Chest For 2024 US Elections

bitcoinist.com A recent report by OpenSecrets.org revealed that cryptocurrency industry Super Political Action Committees (PACs) have accumulated a staggering $102 million war chest to…

Best Crypto to Buy Now May 7

cryptonews.com price consolidates just to the north of $63,000, investors are weighing up whether it could be the best crypto to buy now. Bitcoin continues to trade with gains of over 10%…

Colombia’s Bancolombia Launches Crypto Exchange Wenia and Stablecoin COPW

cryptonews.com Bancolombia Group, Colombia’s largest bank, launched the cryptocurrency exchange Wenia on May 3, marking a major step in the country’s crypto evolution. According to the…

CFTC Chair Predicts Tsunami Of Crypto Enforcement Actions In Next 2 Years

bitcoinist.com As the US Securities and Exchange Commission (SEC) continues to scrutinize crypto industry players, including Robinhood, Binance, Coinbase, and Ripple, the Chair of the…

Why Base's Extra is Pumping on Bankless

bankless.com Extra Finance is up big; what trends is it capitalizing on? Extra Finance (EXTRA) has experienced a meteoric rise, shattering its previous all-time high set just last week…

Reddit's first quarterly report follows Elon Musk's lead: Morning Brief

finance.yahoo.com This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: • None The chart of the day On Jan. 30, 2019, Elon…

House Republicans Move To Crush SEC's Anti-Crypto Banking Policy

decrypt.co Pro-crypto Republicans are preparing a broadside against the U.S. Securities and Exchange Commission (SEC) this week, demanding that the agency rescind its current guidance…

Robinhood Will Likely Win in SEC Legal Battle: KBW Report

beincrypto.com Keefe, Bruyette & Woods (KBW) indicated that Robinhood, known for its cautious approach to cryptocurrency offerings, stands a strong chance of prevailing in a potential…

Coinbase Gets Hit With New Class Action Lawsuit Accusing Crypto Exchange of Selling Digital Asset Securities

dailyhodl.com The complaint, which was filed in the Northern District of California’s San Francisco division on Friday, claims that the top US crypto exchange has been operating as “part…

The most important trend in crypto? It’s always been memecoins

blockworks.co Forget the halving. Don’t mention ETFs. What then is arguably the most important narrative in crypto? Memecoins. Yes, that often-cringeworthy menagerie of anime, animalia…

Taking Advantage Of The Pullback In Crypto To Bet On A Couple Of Picks & Shovels Plays

benzinga.com Waiting For The Right Setup In our Exits post over the weekend, I wrote about using Chartmill’s Setup Rating, a measure of technical consolidation, to time entries into…

SEC Chair Gary Gensler says investors lack needed crypto disclosures following multiple Wells Notices

theblock.co Securities and Exchange Commission Chair Gary Gensler says investors are not getting vital crypto disclosures after the agency handed out notices to multiple crypto entities…