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A recent ruling in the Western District Court of Washington has given the biggest indication yet from a federal judge that crypto traded on secondary markets like Coinbase should be classed as securities under the remit of the Securities and Exchange Commission (SEC). The case in question saw former Coinbase employee Ishan Wahi, his brother, and their friend Sameer Ramani accused of running a $1.5 million insider trading operation via the platform. Wahi and his brother have previously settled with the SEC , however, Ramani is still on the run. On Friday, Judge Tana Lin officially ruled that, despite the trades made by the trio happening on Coinbase, they should still be classed as securities and therefore fall well within the jurisdiction of the SEC and its famously anti-crypto chair Gary Gensler. Needless to say, such a ruling could have huge repercussions, not just for this case but for the entire crypto industry. “Each issuer continued to make such representation regarding th...

Binance saw its market dominance slip 5% in 2023 followning the impact of regulatory issues, including ex-CEO Changpeng Zhao’s resignation. A TokenInsight report however shows the exchange remains top by market share. Meme Moguls, on the other hand, is a new meme-backed trading platform seeing huge interest from crypto enthusiasts during its presale.  Binance remains the largest crypto exchange by market share, despite facing a 5% dip amid regulatory issues. A new TokenInsight report also highlights that the exchange’s market share rose steadily after dipping to around 32% in November. Meanwhile, Meme Moguls (MGLS), a new exchange bidding for dominance as the world’s first meme-based trading platform, continues to strengthen its future outlook amid huge interest in its presale. Report shows Binance market share dropped 5% in 2023 Binance’s place as the world’s largest crypto trading exchange by market share came under thr...

The total value locked (TVL) in DeFi has surpassed countries’ GDPs with more than $52 billion invested. Infrastructure layer-1 blockchains are the body of this system, sustaining this value. Meanwhile, decentralized exchanges (DEX) are the hearts that keep the body alive, connecting every asset and protocol. Essentially, a DEX allows cryptocurrency investors to trade tokens of its ecosystem in a decentralized manner. There are single-chain and multi-chain decentralized exchange s built under each infrastructure’s rules. In particular, three decentralized exchange protocols shine amid their competitors: Uniswap (UNI), PancakeSwap (CAKE), and Orca (ORCA). Finbold retrieved data from DefiLlama on December 21 that justify these picks for 2024. DEXes TVL rankings. Source: DefiLlama Leading decentralized exchange: Uniswap (UNI) Cryptocurrency The biggest crypto winners and losers of 2023 Cryptocurrency Best DeFi projects to invest in for 2024...

GLMR, the native crypto of the Moonbeam protocol, surged over 50% after news broke of its upcoming listing on the South Korean crypto exchange, Upbit. Moonbeam’s native token , GLMR, is experiencing a significant surge, rising by over 50% in the last 24 hours. The surge comes on the heels of a Sep. 25 announcement by Upbit, a South Korean exchange, that will list GLMR on its exchange, with a GLMR/BTC trading pair set to go live later today. The GLMR listing has sent a wave of excitement through the market, highlighting the move’s potential impact. Moonbeam operates within the Polkadot (DOT) ecosystem and aims to offer a user-friendly smart contract platform. GLMR serves multiple functions within the Moonbeam Network, including facilitating transaction fees and staking. You might also like: Crypto accounts for 70% of South Korea’s overseas assets Before the Upbit announcement, GLMR had been languishing under the $0.2 threshold for quite some time. Yet, the to...