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Crypto lawyer John Deaton revises estimated likelihood of SEC lawsuit dismissal against Coinbase to 35%. This comes as Judge Katherine Failla’s Uniswap ruling emphasizes regulatory ambiguity. Previously, Coinbase filed a motion to dismiss counters SEC’s lawsuit. Renowned crypto lawyer John Deaton has dropped his estimation of the outcome of the regulatory lawsuit against Coinbase. In a recent tweet, Deaton argued there is a 35% chance the judge overseeing the lawsuit between SEC and Coinbase will dismiss the regulator’s suit. The lawyer came to this conclusion following Judge Katherine Failla’s dismissal of the SEC’s complaint against Uniswap. Judge Failla also oversees the suit against the U.S.-based crypto exchange, Coinbase. Today on @scottmelker’s show I said there was a 20-25% chance Judge Faila dismisses the SEC’s complaint (or partially dismisses leaving the staking issue), ruling that Howey is inapplicable regarding secondary sales of digital ass

Grayscale Bags New Crypto Victory This Grayscale ruling marked a second landslide for the cryptocurrency industry against the markets regulator following Ripple’s victory back in July. According to some analysts led by Gautam Chhugani, the ruling “likely clears the path for a spot bitcoin ETF,” and increases the chances that the SEC might approve all the current applications from BlackRock, Fidelity, WisdomTree and others together. advertisement However, Grayscale has found itself in the never-ending contest of the Exchange Traded Products (ETP) industry over fees. The current form of the Grayscale ETF carries a 2% fee, a peg the company may find tough to sustain if it will stay competitive.  Looking at other U.S.-listed ETFs that have an average of 0.54% or other globally-listed crypto exchange-traded products with a 1.48% fee, the Grayscale product fee can be judged to be considerably high.  Michael Sonnenshein, Grayscale’s Chief Executive Officer (C

A Shiba Inu investor ‘CryptoLeadDev‘ who is also a blockchain engineer, tested the newly launched Shibarium network. The developer shared his experience of transacting on the network, indicating the time it took to complete one transaction. The user exemplified the workings of the Shibarium bridge and shared the cost and speed it takes to initiate a transaction. Also Read: Shiba Inu To Reach 5 Cents? Here’s When SHIB Might Hit $0.05 The user sent 0.01 Ethereum to Shibarium and shared screenshots of all the paths from the beginning to the end. “I am testing the Shibarium bridge, sending ETH to Shibarium , so you don’t have to test it yourself,” he tweeted. The holder first visited the Shibarium Bridge web app and entered the amount of Ethereum he wanted to transfer. As this was his testing phase, he sent 0.01 ETH, and Ethereum was trading at $1,680 during the transaction. Also Read: Shiba Inu: SHIB Price Prediction for September 2023 The initial fee to complete t

Bloomberg’s top exchange-traded fund (ETF) analysts, Eric Balchunas and James Seyffart, now see a higher likelihood of the United States Securities and Exchange Commission (SEC) approving a Bitcoin spot ETF In an Aug. 30 tweet, they revealed that the approval chances have risen to 75% in 2023, up from 65%. They also noted a 95% likelihood for the SEC to approve the derivative product in 2024. Timelines will not matter much After the SEC’s loss, the ETF analysts said the unanimity and decisiveness of the ruling were were beyond expectations. Specifically, Seyffart said the SEC now has “little wiggle room”. NEW: @JSeyff & I are upping our odds to 75% of spot bitcoin ETFs launching this yr (95% by end of '24). While we factored Grayscale win into our prev 65% odds, the unanimity & decisiveness of ruling was beyond expectations and leaves SEC w "very little wiggle room" via @NYCStein pic.twitter.com/IyEGmWjuHa — Eric Balchunas (@EricBalchunas) August 30, 2023

This price increase may be attributed to increased interest, demand for tokenized US Treasury offerings, and the market’s positive outlook. If the $0.06659 resistance level is broken, the next resistance level for the XDC price might be around $0.07000. However, a pullback or consolidation period may occur before the price resumes its upward rally. advertisement XDC/USD 1-day price chart (source: CoinGecko) During the bull run, XDC’s market capitalization and 24-hour trading volume increased by 8.48% and 30.47%, respectively, to $895,110,754 and $14,775,539. This increase shows a significant flood of investors and trading activity in XDC, further supporting its rising trend. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading

The appeals court rejected the SEC’s decision to stop the conversion of the company’s Bitcoin Trust product into an exchange-traded fund (ETF), following a reevaluation of its initial proposal. advertisement Will BTC Price Climb to $30k or Drop To $25k Crypto participants in the US and the world at large continue to wait with bated breath for the SEC to approve the first spot Bitcoin ETF. ETFs carry a lot of weight when it comes to the mainstream adoption of cryptocurrencies. They are a conduit for conventional investors to dip their feet in the crypto verse, without the need to hold the underlying digital asset like BTC. Despite Grayscale’s victory, the road to the first approval of a spot ETF is very uncertain and remains at the mercy of the SEC, which is expected to decide on seven more proposals whose deadlines come in a week. 99.99999% of the world doesn't know that the SEC has to decide on 7 BTC ETFs within the next 3 days: Recommen

Source: AdobeStock / JorgeEduardo   Major NFT marketplace OpenSea warned their users that their emails have most likely been leaked and reminded them of 5 recommendations on how to protect yourself from email phishing attempts. "We recently learned that an employee of Customer.io , our email delivery vendor, misused their employee access to download and share email addresses – provided by OpenSea users and subscribers to our newsletter &ndash ; with an unauthorized external party," the company said, adding that they have reported this incident to law enforcement. Because the data compromise included email addresses, there may be a heightened likelihood of email phishing attempts, the firm said, urging their users to "treat any future emails that appear to be from OpenSea carefully." The marketplace offered 5 safety recommendations: " Be cautious of phishing emails from addresses trying to impersonate OpenSea. OpenSea will ONLY send you

The fervor around non-fungible tokens [NFT] has been raging since 2021. While some continue to embrace this trend, a few others seem to have gotten past it. Prominent firms, however, have continued exploring the NFT space. Disney NFTs are likely to expand their reach sooner than later. The Walt Disney Company revealed that it was looking to onboard more legal help around the same. As per a recent listing on the Disney careers website, the mass media giant intends to hire an “experienced corporate attorney.” It should be noted that this wasn’t limited to the NFT market alone. The attorney is expected to oversee “ emerging technologies ” like the metaverse . blockchain as well as decentralized finance or DeFi. JUST IN: Disney is hiring an attorney to work on blockchain, metaverse, DeFi, & #NFT products. — Watcher.Guru (@WatcherGuru) September 26, 2022 Elaborating on the responsibilities that come with the job, the Walt Disney Company further wrote, “Provide full pro

Vechain has announces the successful grant application of specialist NFT cross-chain bridge builders, XP.NETWORK . XP.NETWORK’s NFT bridge has officially gone live on mainnet. With the NFT bridge built by XP.NETWORK, the VeChainThor community can now take their talents to new communities, attract new projects to the network and show the world the versatility and power of VeChainThor. For NFT projects and users looking to make use of XP.NETWORK’s bridging service, we’ve included their official documentation below to guide you through the process. VNFTs Unchained With XP.NETWORK’s bridge now live, we hope the VeChain Community will make great use and maximize the potential of their projects among the wider NFT space. We thank XP.NETWORK for their hard work in helping us build VeChainThor’s first cross- chain NFT solution About XP.NETWORK XP.NETWORK is creating the solutions to turn the growing NFT market into an accessible and easy-to-use place. One of our most notable tools is the X

Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs. Yuga Labs, creators of Bored Ape Yacht Club (BAYC), has acquired 10KTF — the nonfungible token (NFT) game founded by digital artist Michael Winkelmann, also known as Beeple. 10KTF is a browser-based NFT game that allows players to outfit heroes with crafted items and load-outs in order to complete missions. Missions reward players with APE coins, badges, materials and free airdrops. The game also intends to include many items that could be worn by an avatar in the future; pairs of socks and backpacks are popular items from the game’s collection. Until now, fans have been left to wonder what Metaverse platform will feature these items. Now that the acquisition has been announced, some fans have begun to speculate that 10KTF items may become wearable within Yuga Labs’ as-yet-unreleased Otherside metaverse ecosystem. A thread published on the 10KTF official Twitter channel on Nov.

Asia has massive potential to become the driving force of the worldwide adoption of web3 games and blockchain in years to come. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Asia has been a prominent player in the gaming industry for some time, generating a significant amount of the world’s gaming revenue. One study uncovered that Asia is home to approximately 55 percent of the world’s blockchain gamers, and these users generate roughly 52 percent of worldwide annual revenue in the GameFi sector. After games like Axile Infinity became popular in Southeast Asia and STEPN found dedicated users in Japan, many people in Asia experienced blockchain games. Asia’s gaming market is promising, and it continues to grow. Due to its dominance in the gaming sector, many are predicting Asia to become a blockchain hub. You might also like: Non-genuine players disrupt stabilit

Deaton Reacts To Whether Hinman And Clayton Should Testify Digital Asset Investor said he would have called a16z attorney Lowell Ness and Chris Dixon as first witnesses along with former SEC officials Jay Clayton and Bill Hinman in the Ripple vs SEC lawsuit. Jay Clayton apparently put executives in charge of heading up what became the Ethereum Free Pass Speech. advertisement “I have a feeling they could provide great material insight into the thinking at the SEC around crypto securities issues at the time.” Pro- XRP lawyer John E. Deaton agreed that Hinman needs to testify. Also, there was no chance to subpoena a former SEC Chairman for a trial. However, he believes the SEC made a mistake by bringing charges against CEO Brad Garlinghouse. Especially, Jay Clayton wanted to file a complaint against executives personally in a “non-fraud” case. He asserts Jay Clayton in fact is a significant witness and should testify in the court. Clayton met with Ripple’s CEO

Almost $17 Million Exploited From Multiple Rug Pulls This recent event propels the scammers’ total ill-gotten gains to a staggering $16.7 million. The developer’s tactics involved tampering with the price oracle provider and purging all associated assets, leaving a trail of dismayed investors in their wake, Blockchain security firm PeckSheild reported. advertisement Cryptocurrency enthusiast ZachXBT drew connections between the project’s deployer and the notorious Solfire exit scam. His timely warning, issued hours before official confirmation, gave a fleeting chance for investors to brace themselves. Within an hour of the alert, Magnate Finance’s website vanished, and its Telegram group was deleted. This abrupt disappearance translated into a staggering $6.5 million loss, ascribed to the deployer’s manipulation of the price oracle. News of the rug pull reverberated through the market, causing a sharp more than 90% decline in the value of the protocol’s native