Crypto.com Sues US SEC
Crypto.com has taken legal action against the US Securities and Exchange Commission, claiming that the federal agency is overstepping its authority by regulating the cryptocurrency industry.
Weekly Outflows from Crypto Funds Reach $147M
Last week, there was a decrease in net inflows for global crypto investment products at major asset managers like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares.
Court Approves FTX’s Reorganization Plan
FTX has successfully obtained approval from the United States Bankruptcy Court for the District of Delaware for its Plan of Reorganization after filing for bankruptcy less than two years ago.
Hong Kong Plans to Approve More Crypto Exchange Licenses by End of Year
Julia Leung, CEO of the Hong Kong Securities and Futures Commission (SFC), has announced plans to approve more cryptocurrency exchanges to operate in Hong Kong by the end of the year.
Ethereum Proposal EIP-7781 to Increase Throughput by 50%
A new Ethereum Improvement Proposal (EIP) has been put forward that promises to reduce block times on Ethereum by 33% and increase data capacity by 50%, according to developers.
CleanSpark’s Hashrate Grows by Almost 200%
Crypto miner CleanSpark has reported a significant 187% increase in its hashrate over the last year, according to their unaudited fiscal year report released on October 4.
Coinbase Announces It Will Delist Noncompliant Stablecoins in EU
The European Union has introduced stricter regulations under the Markets in Crypto-Assets Regulation (MiCA) which includes the delisting of non-compliant stablecoins by cryptocurrency exchange Coinbase.
