Epic River and Zero Circle today unveiled an alliance to integrate their digital platforms, aiming to accelerate the process of securing green financing.
The post Blockchain Association And Texas Crypto Alliance Sue SEC Over âDealer Ruleâ Expansion appeared first on Coinpedia Fintech News The Blockchain Association and the Crypto Freedom Alliance of Texas have filed a lawsuit against the U.S. Securities and Exchange Commission, alleging that its expanded definition of âdealerâ unfairly to include ordinary digital asset trading. The suit, submitted to the District Court for the Northern District of Texas, argues that the ruleâs broad scope unjustly targets individuals just trading in digital assets. SEC Faces Increasing Crypto Pressure The Blockchain Association (BA) and the Crypto Freedom Alliance of Texas (CFAT) have launched a lawsuit against the U.S. Securities and Exchange Commission (SEC) in Texas, according to an official statement. The BA and CFAT believe the SEC has exceeded its legal powers by applying a wide-ranging definition of âdealerâ under the Securities Exchange Act of 1934. On April 23, the BA announced this legal action, challenging the SECâs recent decision to expand the âDealer Rule,â which, according to these industry groups, is hampering innovation in the U.S. digital asset sector. In February, the SEC introduced new regulations that expand the definitions of âdealerâ and âgovernment securities dealer.â This change means more participants in the crypto market must now register, become part of a self-regulating body, and adhere to federal securities laws. The lawsuit requests that the court rule the regulation as âarbitrary, capricious, or otherwise not in accordance with lawâ under the Administrative Procedures Act, and seeks an injunction to prevent the SEC from enforcing this rule. The suit said, âBecause of the ruleâs, exclusive focus on post hoc effects of trading, the new definition of âdealerâ will potentially sweep in all manner of digital asset markets participants, including users who merely participate in digital asset liquidity pools.â The lawsuit points out that the definition of a dealer âexplicitly excludes individuals who buy or sell securities for their own accounts,â requiring the distinction between a dealer and a trader. SEC Wants To Unlawfully Regulate In a statement, Blockchain Association CEO Kristin Smith criticized the rule, stating it represented another instance of the SECâs overt efforts to regulate beyond its authority. The statement criticized the Dealer Rule as part of the SECâs ongoing opposition to digital assets, claiming it unlawfully expands the agencyâs authorized powers and could push U.S. companies to relocate abroad while deterring American innovators. The lawsuit also highlighted the SECâs unclear position on which digital asset transactions are considered securities, leading to significant industry uncertainty. It noted the SECâs inconsistent approach, either through statements or enforcement, leaves the industry unsure about which digital assets fall under the dealer rule. The crypto market is creating pressure on the SEC as two SEC lawyers, Michael Welsh and Joseph Watkins, were forced to resign following sanctions from a federal judge who accused the agency of a âgross abuse of powerâ in its handling of a case against Utah-based crypto company Debt Box.
Goldman Sachs Group Inc. is closing down its automated-investing business for the masses after clinching a deal with Betterment.
Goldman Sachs (NYSE:GS)Â , the most respected investment bank in the world, is continuing its retreat from retail Fintech services as it revealed this week
The post Ethereum Spot Premium Reaches Highest Level Since October 2023 Says Top Analyst appeared first on Coinpedia Fintech News A recent analysis by prominent crypto trader Daan Crypto Trades highlights a significant development in the Ethereum market. According to Daan Crypto Trades, the spot premium for Ethereum (ETH) has surged to its highest level since October last year. Despite this, Ethereumâs price has doubled since then, indicating substantial progress. Ethereumâs spot premium hits highest As per the latest data analyzed by crypto trader Daan Crypto Trades reveals a notable surge in Ethereumâs spot premium, reaching its highest level since October 2023. This spike in spot premium signifies increased demand for Ethereum in the market, indicating growing investor interest in the cryptocurrency. $ETH Spot premium the biggest it has been since October last year.Meanwhile, price is about 2x higher so that shows some solid progress.Move up -> Consolidate -> Data reset -> Repeat pic.twitter.com/wPe0ffAH01â Daan Crypto Trades (@DaanCrypto) April 23, 2024 Despite the significant rise in spot premium, Ethereumâs price has doubled compared to the period when the spot premium was last at this level. This trend showcases substantial progress in Ethereumâs market performance, reflecting its resilience and strength in the face of market fluctuations. Daan Crypto Tradesâ analysis suggests a recurring pattern in Ethereumâs price action, characterized by periods of upward movement, consolidation, data reset, and repetition. This cyclical pattern indicates a consistent trend in Ethereumâs market behavior, providing valuable insights for traders and investors alike. Ethereum Open Interest Surge Meanwhile, the Ethereum Open Interest has recently been trading at relatively low levels, prompting analysis of its potential impact on the assetâs price. According to insights shared in a CryptoQuant Quicktake post, the ETH Open Interest has recently mirrored Ethereumâs price movement. In this context, âOpen Interestâ refers to the total number of derivative-related contracts open for Ethereum across all exchanges. When the Open Interest metric rises, it indicates that investors are actively opening new positions on these platforms. Typically, such an uptrend increases the marketâs overall leverage, potentially resulting in heightened volatility in the assetâs price. As of now, Ethereum trades at $3206, with a recent surge and a trading volume of $10.57 billion, reflecting a market cap of $392 billion.
Nium, the global leader in real-time cross-border payments, today announced it will sign a partnership Memorandum of Understanding (MOU) with Artajasa, one of Indonesiaâs leading payment infrastructure companies.
Exploring how Unergy is promoting a more sustainable environment in the region, we sat down with Nicolas Villegas, co-founder and CTO.
The post Cardano Billionaire Who Bought ADA In 2017 Says Donât Miss ETFSwap (ETFS) 10,000% Rally To $1 appeared first on Coinpedia Fintech News Since the market became widely known, success stories have become a norm, as millions of investors who were ordinary citizens hit it big by making the right investment at the right time. Among these stories is a noteworthy scenario of several curious individuals taking a chance on Cardano (ADA) by investing in the token following its launch in 2017. Despite being a low-value cryptocurrency at the time, Cardanoâs (ADA) value had skyrocketed during the crypto bull market in 2021. The price of the cryptocurrency had surged from a pre-launch sale of $0.0024 to over $3, recording an all-time high. This unexpected surge had transformed small investments of $1,000 and above into fortunes, elevating unsuspecting investors and supporters of the token to the ranks of millionaires and billionaires. Now with the crypto market more evolved and developed than how it was in 2017, numerous new projects with promising potential are emerging. For investors who missed their chances to make millions with Cardano (ADA), ETFSwap (ETFS) emerges as the next groundbreaking crypto project poised to dominate the market. Its native token, ETFS, is anticipated to skyrocket to over 10,000% to reach $1 soon. Analysts Foresee A Cardano (ADA) Surge To New Highs A crypto analyst identified as âTrend Riderâ on X (formerly Twitter), has predicted that the price of Cardano (ADA) will surge to $1 if it manages to hold current support zones. As of writing, the price of Cardano (ADA) is trading at $0.47, reflecting a 24-hour increase of 4.07%, according to CoinMarketCap. Calling attention to all Cardano (ADA) token holders, Trend Rider disclosed that if historical patterns were to repeat themselves, Cardano (ADA) might be on its ultimate support test before witnessing a major price increase. The crypto analyst shared a price chart of Cardanoâs market movement from 2018 to 2025, noting that the cryptocurrency had plummeted to $0.10 in October 2020 before witnessing a price spike to $3. The price chart also depicted a retest and bull market trend which mirrored Cardanoâs present price movement. Trend Rider has suggested that a bullish RSI crossover and a retest in Cardano (ADA) could indicate that it was primed for another parabolic surge. This could present an opportunity for individuals who had invested in Cardano (ADA).  ETFSwapâs Road Map To $1: Investors Rush In Ahead Of Projected 10,000% Rally The anticipation surrounding ETFSwapâs (ETFS) potential 10,000% surge to $1 has triggered a flurry of activity amongst leading investors who are looking to seize the opportunity for exponential gains. Investors are eager not to miss out on this new investment opportunity, determined not to repeat the missed chances experienced during Cardanoâs (ADA) rise to an all-time high in 2021. Many investors are actively hoarding this token, purchasing millions of ETFS via its ongoing presale. Although the presale is still in its first stage, more than 22 million tokens have already been sold, with more still being sold presently. There are many reasons top investors are eager to invest in this innovative project. Through its decentralized Trade to Earn platform, ETFSwap (ETFS) allows investors to buy and trade different types of ETFs, including the infamous Spot Bitcoin ETFs, which caused a massive rave in the crypto space. Additionally, ETFSwap (ETFS) combines the best parts of traditional finance with the Decentralized Finance (DeFi) landscape to ensure investors can easily take advantage of the unique opportunities in both ecosystems. By harnessing the power of blockchain technology, ETFSwap (ETFS) ensures maximum security and transparency for users, enabling them to stay anonymous while executing transactions and trades on the platform. Moreover, ETFSwapâs tokenomics is unlike any other, having created a unique token distribution system that would potentially ensure liquidity and stability within the ecosystem. Due to all of these features and amazing benefits, ETFSwap (ETFS) emerges as investorsâ favourite investment option for potential returns. The current price of ETFSwapâs native token, ETFS, is $0.00854. The first stage is being offered at an enticing value during its ongoing presale. However, the price of ETFS is expected to increase to $0.01831 by the second stage of the presale. For more information about the ETFS Presale: Visit ETFSwap Presale Join The ETFSwap Community