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SEC upset as Coinbase registered with CFTC as FCM firm

21 Aug 2023 1 minute read 0 comments Yugocean

     Coinbase has thrown out a bizarre challenge to the SEC by registering with the CFTC as an FCM (Futures Commission Merchant). FCM Coinbase      Registering with the commodities regulator CFTC, Coinbase has become the first crypto firm to receiv...

Power cut of the US bitcoin mining industry

20 Aug 2023 1 minute read 3 comments Yugocean

The machines used in bitcoin mining run on electricity, the very electricity is currently halting mining in the US, and mining industry is moving out. EXPENSIVE ELECTRICITY Electricity is comparatively expensive in the US. The cost of electricity co...

Increased difficulty sends SBF back to Jail

12 Aug 2023 1 minute read 3 comments Yugocean

     Accepting the DoJ's appeal in the FTX case, Judge Lewis Kaplan's court revoked SBF's bail and put him back behind bars. Caroline's diary leak increased the difficulty      SBF had a difficult time getting bail, but Caroline Ellision's diary le...

SEC Down against Strong but Not out against Weak

11 Aug 2023 1 minute read 4 comments Yugocean

     The arrogance of the SEC is falling in the present circumstances, but it looks like a sign of desperation, and the SEC is in a quandary.  Giggle on Coinbase      Since the SEC does not have any clear regulation, it has given the Coinbase case a...

PayPal Enters Stablecoin Business with PYUSD

8 Aug 2023 1 minute read 3 comments Yugocean

     PayPal, a leader in electronic payments, has launched the USD-backed stablecoin PayPal USD, $PYUSD. PayPal is placing an important waging chapter through this. Reliability of $PYUSD The stablecoin industry has been under suspicion ever since...

Who the hell is Saratoshi Nagamoto?

28 Jul 2023 1 minute read 10 comments Yugocean

     US Congressman Brad Sherman, while giving a speech, gave this great quotation: "I don't believe that Saratoshi Nagamoto was innovative." And become a laughing stock. Who is Saratoshi Nagamoto?      By Saratoshi Nagamoto, Sherman was mentioni...

Celsius under hot water now

19 Jul 2023 1 minute read 2 comments Yugocean

Alex Mashinsky, the mastermind behind the Celsius scam, has been arrested. Along with this, vigilance has started in the crypto world. SEC Leans Above Celsius The SEC, which attacked the crypto industry on the pretext of securities, did not act aga...

SEC is Losing Coinbase case after Ripple verdict

18 Jul 2023 1 minute read 2 comments Yugocean

     The Ripple case ruling is still hot, the SEC has already starting to lose the Coinbase case as well. Consider that the ripple case has weakened the SEC itself. Judge Questions SEC on Coinbase IPO      Even though the dispute between the SEC an...

SEC is preparing to Overturn the Ripple Case

17 Jul 2023 1 minute read 2 comments Yugocean

     Gary led US Securities and Exchange Commission (SEC) is not ready to accept the defeat in Ripple case. The defeat in Ripple case might end the arbitrariness of SEC in crypto sector, so SEC is trying to reverse the decision of Ripple case. SEC t...

Situation of crypto industry in the US

1 Jul 2023 1 minute read 2 comments Yugocean

Crypto is the economic revolution of the digital age; it cannot be stopped, but the crypto industry in the US has come under threat from the ravages of the authorities and Wall Street. US industries may leave the country US Industries are constantly...