Crypto News
Coinbase Clashes With Oregon in Surprise Crypto Lawsuit After SEC Exit
Coinbase is going on the offensive as Oregon revives a discredited crypto crackdown, slamming the state’s lawsuit as politically driven and dead-on-arrival in court. Coinbase Rips Into Oregon for Rehashing SEC’s Collapsed Crypto Regulation-by-Enforcement Crypto exchange Coinbase revealed on April 18 that it is facing a new securities enforcement action from Oregon’s Attorney General, aSource link
Canary Capital Seeks SEC Approval for Tron ETF With Staking
As filings pile up for proposed U.S. ETFs based on XRP, Solana, Dogecoin, and other assets, Canary aims to launch the first Tron fund.Source link
Canary Capital Files for Tron ETF With Staking Capabilities
Canary Capital is looking to launch an exchange-traded fund (ETF) tracking the price of Tron’s native token, TRX, according to a filing.The hedge fund submitted a Form S-1 for the Canary Staked TRX ETF with the Securities and Exchange Commission (SEC) on Friday. As the name suggests, the fund — if approved — would stake portions of its holdings.This would be done through third-party providers, with BitGo acting as custodian for the assets. The fund would track TRX’s spot price using CoinDesk Indices calculations.A proposed ticker as well as the management fee for the product have not been shared yet.Issuers had initially filed applications for spot ethereum (ETH) ETFs with the staking feature included but removed them in an amended...
The First Altcoin Network Namecoin Marks 13 Years With Unwavering Hashpower
Today commemorates the 13th anniversary of the first altcoin, the crypto asset Namecoin (NMC), whose network debuted on April 18, 2011. Although the token has dimmed over time, the network remains under active development and its proof-of-work (PoW) hashrate ranks among the highest in the crypto ecosystem. While Often Forgotten, the First Altcoin Turns 13Source link
Feds Mistakenly Order Estonian HashFlare Fraudsters to Self-Deport Ahead of Sentencing
Just four months ahead of their criminal sentencing for operating a $577 million cryptocurrency mining Ponzi scheme, the two Estonian founders of HashFlare were seemingly mistakenly ordered to self-deport by the U.S. Department of Homeland Security (DHS) — an instruction that directly contradicted a court order for the men to remain in Washington state until they are sentenced in August.In a joint letter to the court last week, lawyers for Sergei Potapenko and Ivan Turogin told District Judge Robert Lasnik of the Western District of Washington that both men had received “disturbing communications” from DHS ordering them to leave the country immediately.“It is time for you to leave the United States,” an email to Potapenko and Turogin dated April 11 read....