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Delphi Lab's general counsel said the SEC was being "more thorough than usual" in its lawsuit against Terraform Labs and its co-founder Do Kwon. The United States Securities and Exchange Commission’s (SEC's) lawsuit against Terraform Labs and its co-founder Do Kwon could be seen as an SEC “roadmap” to taking down other stablecoins, according to a lawyer. Gabriel Shapiro, general counsel at investment firm Delphi Labs, explained to his 33,800 Twitter followers on Feb. 16 that the SEC’s arguments in its complaint against Kwon and Terraform were “more thorough than usual.” whew lad, lots to digest in the SEC lawsuit vs Do Kwon and Terraform Labs right off the bat, a very interesting fact is that the SEC is being more thorough than usual--specifically running through the Howey test for various assets (UST, LUNA, and wLUNA) and also alleging that… https://t.co/1JsBQijMnw pic.twitter.com/qHuL6mKpeo — _gabrielShapir0 (@lex_node) February 16, 2023 Shapiro’s analysis follo...

OKEx’s native token, OKB , has reached its all-time high and it is currently one of the top-performing cryptocurrency projects. The currency has rallied up to 17.1% in the last 24 hours. Additionally, the token has gained 8.2% in the weekly charts. After its most recent gains, OKB is now the 11th-ranked cryptocurrency project by market cap. Source: CoinGecko OKB ’s rally follows OKX founder Star Xu announcing a new blockchain, OKB chain, independent of the current Okxchain. Moreover, according to Xu, the new blockchain will be launched in Q1, 2023. Okxchain is a PoS (Proof-of-Stake) network that was co-created by communities. Meanwhile, the  OKX company developed the  OKB Chain. The two chains are wholly different, the founder said. ATH,it’s a good news. Also it’s the community’s trust to OKX. A new OKBChain will be launched in Q1 which is independent with current Okxchain , start to build OKB decentralized ecosystem. pic.twit...

Join Our Telegram channel to stay up to date on breaking news coverage What – Polygon, a leading Ethereum scaling solutions provider, has announced a late March launch date. Why – After three and a half months of battle testing, Polygon’s zkEVM system will be ready for the mainnet launch on March 27, according to the company’s blog post. What Next – Polygon’s much-anticipated Ethereum Virtual Machine (EVM) roll-up technology is supposed to enhance the network, known as the zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet beta. The upcoming Polygon zkEVM solution has been touted as “seamless scaling for Ethereum,” It was launched as a testnet in December last year. However, this technology has been developing for the last three years, so it’s about time to release it.  The Polygon zkEVM system has reached several significant achievements lately, such as the successful launch of over 5,000 smart contracts,...

NFT marketplace tokens are gaining the market’s attention and Blur’s recent airdrop could extend the trend. Cumulative NFT trading volume trended higher in January and data from a recent Delphi Digital report showed monthly volumes reaching an eight-month high above $1 billion. The key factor that influenced NFT trading was Blur token airdrop on Feb. 14. Since its launch last year in Q3 2022, Blur has rewarded users with “care packages,” which can be redeemed for tokens starting Feb. 14 at 12 p.m. EST. Many users have tried to farm these airdrops, increasing the platform's trading volume. Since the start of 2023, Blur’s trading volume has surpassed that of OpenSea, the market leader in the NFT trading space. NFT Marketplace market share by 7-day volume. Source: Dune Airdrops often create excitement in the market of thrilled users who receive free money and FOMO from those who missed out. It’s likely that the next step for the Blur team will be to launch new liquidity mining campai...

Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators of the distribution networks. Hundreds of Crypto Miners Sued in Irkutsk for Extracting Digital Currencies Using Subsidized Electricity Power distributors in the Siberian Irkutsk Oblast have filed lawsuit number 1,000 against consumers illegally mining cryptocurrency in residential areas. In 600 of these, judges have decided that the so-called “gray” miners should pay a total of more than 260 million rubles ($3.5 million) in compensation for losses and damages. The most common reason for going to court is an unusually high usage of electricity, the regional news portal Irk.ru reported. Such is the recent case with the owner of a house in the village of Novaya Razvodnaya, whose average monthly power consumption over the course of one year re...

Source: TradingView The Dogecoin price has fallen by 1.5% in the last hour and by 4% in the past 24 hours, dropping to $0.080716 amid a similar fall for the cryptocurrency market as a whole. The altcoin is also down by 12% in a week and by 4% in the last 30 days, dragged down -- like much of the market -- by regulatory uncertainty (most recently surrounding Paxos and BUSD). However, despite negativity, dogecoin enjoyed some good news over the weekend, with the Super Bowl providing images of Elon Musk wearing a Dogecoin T-shirt while sitting next to Fox News-owner Rupert Murdoch. Such footage has provided further fuel for hopes that Musk will follow through on earlier hints that he might add DOGE payments to Twitter. Dogecoin Price Prediction as Elon Musk Talks to Fox News Owner About Dogecoin During SuperBowl – Time to Buy? DOGE is an awkward position, technicals-wise. Its 30-day moving average (red) has peaked in relation to its 200-day (blue), and it appears ...

The freedom to stick to what makes the most sense financially sprouted various classes of investors, each distinguished by their intent behind crypto investments. For the first time since the 7th century, the paper-money economy found its true competition in the internet era. With Bitcoin’s (BTC) debut in 2010, the fiat ecosystem was not only challenged with proving its worth in day-to-day transactions but also safekeeping the investment ecosystem it helped build. Over the years, the crypto ecosystem attracted people from all walks of life — serving their unique financial needs while filling the gaps left wide open by the fiat ecosystem. While most of the world watched from the sidelines, trying to decipher the true potential of cryptocurrencies, the first batch of Bitcoin millionaires swayed investors’ attention toward the budding ecosystem. The freedom to stick to what makes the most sense financially sprouted various classes of investors, each distinguished by their intent behind c...

Join Our Telegram channel to stay up to date on breaking news coverage The Graph price prediction is likely to show an upward trend if the market can rise toward the upper boundary of the channel. The Graph Prediction Statistics Data: The Graph price now – $0.163 The Graph market cap – is $1.45 billion The Graph circulating supply – 8.7 billion The Graph total supply – 10.5 billion The Graph Coinmarketcap ranking – #40 GRT/USD Market Key Levels: Resistance levels: $0.250, $0.270, $0.290 Support levels: $0.100, $0.080, $0.060 GRTUSD – Daily Chart According to the daily chart, GRT/USD is showing a positive movement as the coin faces the upside. The market is running a little retracement move towards $0.200 with price growth of 10.48%. Aside from today’s little gain, the Graph price is still maintaining a bullish movement and traders can expect the coin to stay above moving averages for it to gain additional gains. The Graph P...

Bitcoin, the world's largest cryptocurrency, fell 5% to $21,800 on Friday, continuing its downward trend. In the meantime, Ethereum was down 4.93% and trading near $1,544.48. However, many factors could be responsible for its prolonged decline.  Everything has had a negative impact on cryptocurrencies, whether it is the increased threat of hacking in the crypto industry or the most recent concern that the United States may restrict crypto staking. Bearish Crypto Market The global cryptocurrency market has continued to fall, dropping more than 3% on the day as new regulatory concerns frightened investors around the world. The drop in cryptocurrency prices was precipitated by reports that the United States would outlaw cryptocurrency staking.  Last night, Coinbase CEO Brian Armstrong stated that restricting crypto staking would be a "bad route" for the US. As a result of the latest developments at Kraken and the SEC, BTC has fallen below $22,000, and Eth...

The cryptocurrency market is facing a dip so far Thursday, with many top coins experiencing losses as regulatory authorities increase their focus on the industry. Bitcoin, the leading cryptocurrency , faced a dip and briefly reached a four-week low of $22,408 before recovering to prices around $22,715. This drop comes after a strong performance in January, where the price of Bitcoin rose almost 40% since the start of the year, reviving expectations for a bull market. According to CoinMarketCap , other major cryptocurrencies such as Binance Coin, Cardano, and Dogecoin saw similar price trends, with daily losses of 3.07%, 3.11%, and 4.05%, respectively. The market dip comes in the wake of news that the U.S. Securities and Exchange Commission is investigating popular cryptocurrency exchange Kraken for alleged securities law violations. The investigation is reportedly at an advanced stage and could lead to a settlement in the coming days. In a separate development , Co...

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says that most crypto tokens are worthless and they will eventually drop to zero in value. He added that he now owns seven cryptocurrencies and he is getting the same volatility he did when he owned 32 crypto tokens prior to the collapse of crypto exchange FTX. O’Leary: Most Crypto Tokens Are Worthless Kevin O’Leary shared his view on cryptocurrency investing in an interview with Scott Melker on the Wolf of All Streets podcast, published Tuesday. He said: 10,000 tokens, most of them worthless. They’ll eventually just go to zero because of lack of volatility and lack of volume. They are irrelevant. According to some data providers, there are currently about 10,000 cryptocurrencies. Coinmarketcap, however, shows a total of 22,476 crypto tokens. The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, also said on several occasions that most crypto tokens will fail. He recently urged inve...

Ethereum closed in on the $1,700 level on Wednesday, as markets reacted to comments from U.S. Federal Reserve Chair Jerome Powell. Speaking after Tuesday’s session, Powell hinted that the Fed could continue to hike rates, should the data show the need for action. Bitcoin was also boosted by the news, climbing back into the $23,000 region. Bitcoin Bitcoin (BTC) moved higher on Wednesday, following comments from Federal Reserve Chair Jerome Powell. Speaking yesterday, Powell stated, “The reality is we’re going to react to the data. So if we continue to get, for example, strong labor market reports or higher inflation reports, it may well be the case that we have to do more and raise rates more than is priced in.” BTC/USD rose to an intraday high of $23,367.96 earlier today, less than 24 hours after hitting a low of $22,781.95. BTC/USD – Daily Chart Looking at the chart, the move pushed bitcoin to its strongest point in four days, and came as the 14...