A final judgement on the SEC vs Ripple lawsuit is unlikely to impact the ...

Crypto.com announced that it would shut down its institutional exchange services customers in the United States in less than two weeks. On Friday, Singapore-based crypto exchange Crypto.com announced that it would suspend its institutional exchange service for US customers. In a statement provided to media publication Blockworks, the exchange explained that demand is drying up due to the current market conditions in the US. Although it did not specifically reference the lawsuits against Binance and Coinbase, it was undoubtedly the overriding factor in the exchange’s decision. In a statement, Crypto.com said: We recently made a business decision to suspend the institutional offering of the Crypto.com Exchange in the U.S. as of 11:59 pm EDT June 21, 2023, due to “limited demand” from institutions in the U.S. in the “current market landscape.” Impacted institutional users were given advance notice to support a smooth transition. The exchange explained that the closure of the US services would not affect its retail trading app, including its crypto derivative product, UpDown Options, regulated by the Commodity Futures Trading Commission (CFTC). The company further said it could reopen the platform in the future but did not provide more details. Crypto.com Receives Major Payment Institution Licence in Singapore The exchange started the month out well after receiving a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). Securing this license means the exchange can offer DPT services to Singaporean customers. Crypto.com Arena Not Affected After the exchange announced shuttering its institutional services for US customers, speculation arose that it might affect the naming rights for Crypto.com Arena. The exchange entered into a naming rights agreement with AEG, the owner and operator of the arena formerly known as the Staples Center, in 2021, Forbes reports. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

It is fair that many investors are anxious about the security of their money during this period of turbulence and uncertainty in the cryptoƴ market. Uncertainty has surely increased as a result of recent investigations and lawsuits brought against significant cryptocurrency exchanges like BinanceUS and Coinbase by regulatory organizations like the SEC. Investors may want […]

Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders.

Custodia's challenge of the Federal Reserve Bank of Kansas City's decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled Thursday, rejecting a Fed motion to dismiss the case. The U.S. District Court of Wyoming, however, did reject Custodia's request that the Fed be compelled to grant it a so-called master account and membership with the Fed, Instead, Custodia must continue its claims via normal channels.

The SEC Chair has been in the eye of a storm since his recent lawsuits against Binance and Coinbase.

The company cited the SEC’s actions against Coinbase and Binance as reasons for the delisting, saying the lawsuits “introduced a cloud of uncertainty” around the tokens.

Along with the recent wave of lawsuits, this week’s Crypto Biz also explores Apple’s new headset, Brazil’s Mercado Bitcoin payments arm and how regulators are targeting AI-generated fake news.

The top-100 DeFi tokens by market capitalization had a bearish week as the total value locked in these protocols fell below $50 billion again.

In trading, timing is everything and it appears that some traders put in well-timed sell orders for BNB, ahead of the massive SEC crackdown against crypto exchange Binance on June 5.

The U.S. Securities and Exchange Commission (SEC) has gone after two of the world’s biggest crypto exchanges this week, filing suits against...

Prominent trading platform Robinhood is cutting support for three coins implicated in the SEC lawsuits against Binance and Coinbase. The firm will no longer support Cardano (ADA), Polygon (MATIC), and Solana (SOL) after June 27, 2023.

IC1101 is committed to providing a more immersive, fun, and autonomous experience than the current metaverse. IC1101, named after its astronomical designation, shines with infinite, mysterious light in the vast universe. As one of the largest known galaxies in the universe, IC1101 represents a huge, mysterious, and spectacular existence. It undoubtedly contains endless wonders and unknowns waiting for human exploration. IC1101 is a mysterious galaxy, a new metaverse project name, and a super immersive multi-dimensional universe platform dedicated to providing a more immersive, fun, and autonomous experience than the current metaverse. Participants will be able to explore the mysterious qualities of IC1101 and discover endless possibilities within it. Current metaverse projects often have limitations in terms of graphics, immersion, and participant decision-making power. IC1101 aims to solve these limitations and take the realism, participation, and activity of the metaverse world to a new level. So, can it stand out in fierce competition and become a dark horse? Let us embark on the journey of IC1101 together, explore this mysterious galaxy, and find the answers. When Adventure Meets Creativity In the world of the metaverse, a fascinating worldview is particularly important: it not only determines the style of the project and the immersion of the players, but also opens up more imagination space for storytelling. As a galaxy full of wonders and fantasies, IC1101 has a unique and captivating worldview, bringing unprecedented experiences to participants. The worldview of IC1101 is based on diversity and freedom. Eight major races converge in this galaxy, each with unique appearances and abilities. From appearance to cultural customs, from ideological concepts to social structures, the differences between races in IC1101 are rich and inclusive. In this galaxy, players will be able to explore the blending and mutual influence of diverse cultures, and feel the interaction and cooperation between different races. IC1101 also provides players with great freedom and creativity. Players can choose their own role identity, create unique appearance and personality traits, and participate in various exciting activities and scenarios, such as driving spaceships to explore unknown planets in the galaxy, discovering hidden cosmic secrets; They can also join teams, collaborate to solve complex puzzles and tasks, and experience the fruits of cooperation and unity. At the same time, players can also trade in the economic market of IC1101, buying and selling various precious resources and items, and developing their own wealth and power. Overall, IC1101 combines elements of science fiction, fantasy, and mystery. Players will find themselves in a colorful and mysterious interstellar world, where every exploration and adventure brings new surprises and challenges. But how will this worldview be realized through technology? Multi-platform support attracts different user groups. Overall, IC1101 is an immersive metaverse platform based on a multi-chain architecture that allows users from different public chains to easily connect. Through the introduction of token economics and NFTs, users can have their own digital assets and ownership, and can engage in social and game cooperation to complete tasks, satisfy their desires, and earn rewards. IC1101's appeal is not just in its technological innovation and diverse universe construction, but more importantly, in its ability to attract different types of user groups. Before introducing specific products and technologies, it is worth considering who will be interested in the metaverse. We can divide IC1101's audience into two categories, heavy gamers and casual gamers. The former includes tech enthusiasts and gamers who have some technical expertise and equipment requirements, are interested in immersive virtual experiences, and pursue the ultimate experience; while the latter are more focused on commercial and social aspects, such as enterprises or projects interested in Web3 business models, and players who want to find more social opportunities and new friends in the virtual world. Based on the needs of different user groups, IC1101 provides two products to meet their expectations: IC1101 World and IC1101 Space. IC1101 World: A more immersive metaverse world. IC1101 World is a more immersive metaverse world. In terms of technology and graphics, it is created using the Unreal Engine 5, with outstanding image quality that forms a strong contrast to most of the current metaverse projects made with the Unity engine, which tend to be low-poly in style. In actual gameplay experience, we can see finely detailed graphics similar to those of AAA games, including finely detailed building details, dynamic blur during movement, and reflection of ripples on the water surface, all of which make players feel fully immersed in a virtual world. In terms of scene design, IC1101 World provides more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also serve different purposes, such as Sony's music hall, which can be used for music playback and related artist activities. In terms of scene design, IC1101 World offers more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also have different functions, such as Sony's music hall, which can be used for music playback and artist-related activities. In addition, virtual assets have been mapped more realistically in the IC1101 World, and players can directly view and purchase NFTs in the mall, change outfits, and become a 3D image of the NFT, which also provides possibilities for more collaborative creation. IC1101 Space: Lower Threshold for Participation IC1101 World will bring better graphics and a more immersive world to players, but the cost is higher hardware requirements for accessing devices. A well-configured computer may be needed to smoothly enter the metaverse. However, not everyone is a hardcore gamer or an extreme immersion seeker. For more casual players who want to experience the scenes and interactions of the metaverse, IC1101 provides another option: IC1101 Space. IC1101 Space can be accessed through a simple browser login, presented in the form of a webpage, making it convenient and fast to use. Although the graphics may not be as detailed as the World version, they significantly lower the barrier to entry, making them particularly suitable for commercial and social users. In IC1101 Space, players can take on their own roles and participate in online displays and interactions. Compared to traditional social media platforms, IC1101 Space provides richer ways of interaction. In the same scene, players can communicate and greet others, have deeper interactions with organizations, media, and partners they are interested in, bringing them closer together. Immersion is not the first choice for social demand orientation, as it is more important to allow more people to participate in the activities together. IC1101 has achieved this very well. It is worth mentioning that the user data and scenes of the two versions, IC1101 World and IC1101 Space, are interoperable. This means that users can choose different login methods according to their own needs, but their behavior is visible in both versions, and together they influence the world of IC1101. This versioning method for different user groups can attract more users and provide better experiences for different types of participants. This is relatively rare in current metaverse projects, and many projects may not have considered this layered demand. For hardcore players and explorers who are looking for ultimate graphics and immersion, IC1101 World provides a more immersive metaverse experience. For casual players who want to participate in metaverse social and business activities, IC1101 Space provides a lower threshold for participation. Whether for technology enthusiasts, gamers, business users, or social users, IC1101 can meet their needs and create new digital experiences and lifestyles for them. A sense of participation puts the galaxy within reach. The essence of social interaction is a sense of participation. People are the sum of social relationships, and in many metaverse projects, simple display and gathering are only a one-way and low-interaction social relationships, which cannot give players a strong sense of participation. Over time, players will feel empty and boring, and a rich and fulfilling virtual world seems out of reach. Therefore, the metaverse also needs to be built around a sense of participation, so that users are willing, good at, and immersed in this virtual world, becoming "digital natives" in the metaverse. In addition to excellent graphics and sensitive user segmentation, IC1101 is also working on a sense of participation. Firstly, in terms of social aspects, in IC1101, users can enter with their own NFT digital avatars, and can also use these avatars within IC1101. This way, users can communicate with others in the virtual world through their digital avatars. Through functions such as lobby chat, private chat, friend teaming, community tasks/activities, live streaming, and social media sharing, users can establish emotional connections with others. In addition, users can also enhance friendships by sending friends gifts. These social functions not only allow users to display their digital avatars in IC1101, but also to establish real social relationships with others. Next, let's delve into the gaming aspect. IC1101 is committed to creating interactive gaming spaces. In the world of IC1101, users can indulge in a wide variety of casual games, enticing more Web2 multi-users to migrate to the Web3 world. With diverse gaming experiences, IC1101 offers users more interactive and entertaining choices, allowing them to have a stronger sense of engagement within the game. In addition, IC1101 provides a whole new shopping experience. Users can present and sell 2D NFTs purchased on other platforms in a 3D manner within IC1101. Furthermore, brand collaborations are able to bring users a shopping experience beyond reality. By partnering with brands, IC1101 has created a 3D NFT digital mall, offering users a completely new way of shopping and experiencing. Finally, IC1101 also allows users to participate in scenario decision-making. Users can vote to decide the functions of buildings and scenes implemented in the metaverse world. This way, users can participate in the construction process of the metaverse, express their opinions and ideas, and further enhance their sense of participation in IC1101. Expert Team The project members of IC1101 are a group of creative industry experts with an average of 15 years of experience in their respective fields. The team members are located in North America and Asia, and have worked for globally renowned companies such as Dfinity, UBISOFT, Disney, Unity SF, and Konami. They have had long-standing partnerships with top global companies such as Blizzard, EA, Sony, and Amazon, and have participated in the development of many well-known products such as Hearthstone, World of Warcraft, Diablo, Harry Potter, New World, and The Last of Us. The team members have a great passion for the Metaverse project and a deep understanding of it. They are familiar with the concept and development trends of the Metaverse, and are committed to creating an exciting and meaningful virtual experience for users. The strength and partnerships of the IC1101 team have laid a solid foundation for the success of the project. Their professional knowledge and rich experience will ensure that IC1101 can provide the best technical solutions and continuously drive the development of the Metaverse. The team's goal is to create a realistic and engaging virtual world for users where everyone can experience unlimited possibilities and fun. SPACE X 3.0: Immerse Yourself in the Advanced Metaverse Even before its official launch, IC1101 offers a unique opportunity for an early experience that everyone has been eagerly waiting for. On June 6th, starting at 10:00 AM, IC1101 is hosting a significant event called "SPACE X 3.0" Demo Day, providing a vital chance for those interested in the project. This event will showcase the latest developments of the IC1101 project and allow participants to have a firsthand experience of its remarkable products. "SPACE X 3.0" Demo Day will take place in IC1101 Space. Participants will enter this metaverse in the form of digital avatars and engage in interactions with others. The event will offer a diverse range of experiences, including airdrops of tokens and real-time PvP competitions. From the scenes of the event, it's apparent that the inaugural Demo Day has attracted thousands of visitors and garnered support from 30 VCs and 8 media outlets. This demonstrates the convenience, immersion, and engagement that IC1101 provides to its participants. Beyond the event itself, we are also highly excited about the future of the IC1101 project. Through the showcase at Demo Day, IC1101 will unveil its enormous potential and prospects as a real metaverse to the world, bringing users more innovation and thrilling experiences. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The SEC's lawsuits against Binance and Coinbase are likely to be play across the U.S.'s legal and political system over several years, says Michael Casey.

While the current FUD surrounding crypto is regarding the SEC suing crypto exchanges for selling securities, history often repeats itself, and the last bull market saw crypto prices plummet as Tesla dropped BTC payments due to environmental concerns. Therefore, cryptos that take sustainable climate action could perform well next time the sustainability narrative arises. We […]

Trading app Robinhood will remove Solana, Cardano and Polygon from its platform come June 27. The move comes after the SEC alleged that several crypto tokens are unregistered securities. Robinhood Markets Inc. announced today that it would end support for Solana (SOL), Cardano (ADA), and Polygon (MATIC) as of June 27. No Other Coins Will Be Affected The trading app informed users they would no longer be able to trade the tokens on its platform just days after the SEC labelled several popular cryptocurrencies unregistered securities. The regulator made the allegations in a lawsuit against crypto exchange Binance and its CEO, Changpeng Zhao. The lawsuit names Cardano, Polygon, Solana, Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS). The suit also identified the BUSD and BNB stablecoins as securities. Robinhood limited its delisting to SOL, ADA, and MATIC and said to users that no other coins would be affected and would remain safe on its platform. It had been reported that the trading app would review its cryptocurrency offerings. On Tuesday, the company’s chief legal officer, Dan Gallagher, told Congress that it is “actively reviewing” the SEC’s analysis “to determine what if any, action to take.” Gallagher, a former SEC commissioner, testified before the House Agriculture Committee during a meeting on digital assets. SEC Sparkes Chaos in the Crypto Market The securities agency filed lawsuits against two of the largest cryptocurrency exchanges – Binance and Coinbase. According to the SEC, Binance mishandled customer funds and deceived investors and regulators about its operations. It further alleged that both Zhao and the exchange failed to restrict US customers from its platform and charged Binance with operating as an unregistered securities exchange. The agency filed suit against Binance’s rival platform, Coinbase, accusing the exchange of acting as an unregistered broker, exchange, and clearinghouse. The SEC charged Coinbase for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The popular trading platform will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) on June 27th.

Binance.US announced on Thursday that it is suspending US dollar deposits, and its banking partners are preparing to halt fiat dollar withdrawals come June 13. On Thursday, Binance’s US arm said it would suspend US dollar (USD) deposits on its platform, while its banking partners have said it will pause fiat dollar withdrawals channels as soon as June 13, Reuters reports. The exchange said in a tweet it is taking “proactive steps” as it transitions to a crypto-only exchange for the time being following the SEC’s lawsuit earlier this week. The platform said staking, trading, deposits, and withdrawals in cryptocurrency remain fully operational. Binance.US further told its users it maintains a 1:1 reserve for customer assets. The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. https://t.co/AZwoBOgsqS and our business partners have not been spared in the use of these tactics, which has created… pic.twitter.com/rlIe6swIoY — Binance.US

A favorable outcome for Ripple in its class action lawsuit by SEC could potentially "undermine the entire basis" for the agency's case against Coinbase, and Binance.

The recent SEC lawsuit against cryptocurrency exchanges like Binance and Coinbase, which resulted in a significant number of withdrawals from those platforms (Traders withdrew about $800m out of Binance after lawsuit), may have both short- and long-term effects on the cryptocurrency market. Here are some probable long-term effects for the sector: More Decentralized Organization: Decentralized […]

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.

SOL, the native token of the Solana blockchain, was declared an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase.

Armstrong was selling shares under a plan set up in August that sometimes made him money and other times not; the June 5 sale was still good timing.

In recent months, the SEC has filed lawsuits against several businesses, including Binance and Coinbase, as part of its tough stance against cryptocurrencies. This might have a negative influence on the United States in a number of ways. Ways SEC Can Hurt the U.S Via Its Attacks On The Cryptocurrency Space Hinder Innovation: It may […]