Kraken files a motion to dismiss in opposition to SEC lawsuit The exchange stated in a move to dismiss the case on Thursday that the U.S. Securities and Exchange Commission did not prove fraud and interpreted a contract too broadly in its complaint against Kraken. The cryptocurrency startup filed a motion to dismiss the SEC’s case in the Northern District of California, claiming that cryptocurrencies, or at least those included in the SEC’s complaint, ought to be regarded as commodities rather than securities. Months after resolving allegations with Kraken’s previous staking business, the SEC sued the firm in November of…

Coinbase, has urged the Securities and Exchange Commission (SEC) to approve Grayscale’s Spot Ether ETF The largest crypto exchange in the U.S. by trading volume, Coinbase, has urged the Securities and Exchange Commission (SEC) to approve Grayscale’s application to convert its Ethereum Trust into a spot Ether Exchange-Traded Product (ETP). The development comes after a January 25 decision by the securities regulator to postpone its consideration for Grayscale’s Ether ETF until March 10. On February 22, Coinbase’s chief legal officer demonstrated the exchange’s legal, economic, and technical rationale for why the regulator should approve Grayscale’s fund as the second deadline…

Valkyrie’s BTFX: A strategic move to investor demand for regulated crypto investment vehicles Crypto News: In the ever-evolving landscape of investment opportunities, the emergence of Bitcoin leveraged exchange-traded funds (ETFs) marks a significant development, reflecting both the growing interest in cryptocurrencies and the evolving strategies of investors seeking higher returns. One such ETF making waves is the Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX), introduced by Valkyrie with the aim of providing investors with double the daily performance of the CME Bitcoin Futures market index. This implies the increasing acceptance of cryptocurrency-based financial products in traditional markets, catering to the…

Zero-Knowledge EVMs: Revolutionizing blockchain technology for institutional crypto demand In the rapidly evolving landscape of blockchain technology, the quest for scalability, privacy, and security has been paramount. As decentralized applications (dApps) continue to proliferate, the need for robust infrastructure that can support institutional demands becomes increasingly apparent. Enter Zero-Knowledge EVMs (zkEVMs), a groundbreaking innovation poised to revolutionize the blockchain ecosystem. Zero-Knowledge EVM At the heart of zkEVMs lies zero-knowledge proofs, a cryptographic marvel that enables one party to verify the authenticity of information without revealing any underlying data. This powerful technique holds the key to addressing some of the most…

HTX teams up with HBGL, eyeing crypto license in Hong Kong’s competitive market On February 20, HTX applied for a cryptocurrency license for its Hong Kong local office, intending to run HBGL Hong Kong Limited there. The cryptocurrency exchange HTX, formerly known as Huobi, has added itself to the list of applicants requesting authorization to begin operating in Hong Kong.On the website of the Securities and Futures Commission (SFC), HTX states that it is seeking a license for a virtual asset trading platform (VATP) for Huobi HK, a local subsidiary run by HBGL Hong Kong Limited. Thus, after the announcement…

The enthusiasm surrounding the Starknet’s STRK token was palpable from the outset In the fast-paced and often volatile world of cryptocurrency, the recent airdrop of Starknet’s STRK token has garnered significant attention. Launched as the native token for the Ethereum layer-2 network Starknet, STRK promised exciting opportunities for users. However, what began as an eagerly anticipated event quickly transformed into a story of price fluctuations, market dynamics, and the role of airdrop hunters in the crypto ecosystem. The enthusiasm surrounding the STRK token was palpable from the outset. With its introduction, users anticipated new avenues for decentralized finance (DeFi), enhanced…

Portal (PORTAL) launches on Binance Launchpool with trading and exciting farming event! Crypto News: Portal, the eagerly awaited cross-chain gaming platform, is poised to revolutionize the gaming industry as it gears up for launch on the prestigious Binance Launchpool, commencing on February 22nd. This momentous occasion presents a golden opportunity for users to delve into the world of decentralized gaming while reaping the rewards of staking BNB and FDUSD over a span of seven days. Binance, a global leader in the cryptocurrency space, has strategically chosen Portal as the 47th project to grace its esteemed Launchpool platform. Here, users are…

Coinbase reaches US$1 billion daily trading volume: Shaping cryptocurrency’s future Crypto News: Coinbase CEO Brian Armstrong’s recent announcement heralding the milestone achievement of the international unit of the platform surpassing US$1 billion in daily trading volume marks a significant moment in the evolution of the cryptocurrency exchange landscape. As of 8:15 pm UTC, the Coinbase International Exchange proudly recorded US$1.09 billion in 24-hour perpetual trading volume, underscoring the platform’s growing prominence in the global crypto market. Notably, Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) emerged as the top traded assets, reflecting the diverse interests and investment strategies of traders on…

Polygon Launches Palm ID Tech in AI Warzone: Revolutionizing Web3 Identity Verification In the ever-evolving landscape of digital innovation, the intersection of blockchain technology and identity verification has taken a monumental leap forward with the launch of Humanity Protocol on Polygon Chain. This groundbreaking initiative, spearheaded by Polygon (MATIC) in collaboration with Animoca Brands and The Human Institute, heralds a new era of secure, user-centric identity verification methods within the Web3 ecosystem. Redefining Identity Verification in Web3 The introduction of Humanity Protocol marks a pivotal moment in the quest for secure and user-centric identity verification methods within the Web3 landscape.…

Ethereum breaks through the US$3k barrier and is seeking higher goals in the upbeat market sentiment The ether price, which is now hovering around US$2946. The recent spot Bitcoin’s US$51,698 exchange-traded fund (ETF) debut in the United States has seen a significant influx of investors, which is credited with driving the positive trends in cryptocurrencies. Nevertheless, Ether possesses other factors that can push its cost over US$3,000, a mark that was damaged during the last test in March 2022. What will happen this time around when Ether eventually rallies to the US$3,000 mark? Looking ahead, Ether may solidify its position…