SEC Financial News

Algofi, the borrowing and lending protocol built on decentralized finance blockchain Algorand, will soon shut down.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Polygon (MATIC) price is up today, mirroring upside moves elsewhere in the cryptocurrency market as traders assess a mix of fundamental factors.

Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get approved if it can be shown that the Bitcoin spot market offers the same “efficacy” as the futures market.

(Reuters) — Digital World Acquisition has named Eric Swider as CEO, handing the interim boss reins of the blank-check company that is looking to complete its planned merger with former U.S. President Donald Trump's media and tech company.

TMC has won in 12,518 gram panchayat seats and is leading in 3,620 seats. Its nearest rival BJP has won in 2,781 seats and is leading in 915 seats out of 63,229 seats as of 3.30pm. The Left Front has won in 959 seats out of which the CPI(M) alone has won in 910 seats.

Bitcoin price is trading at $30,492 in today's market, marking an over 1% rise on Tuesday. 

By Hannah Lang

Crypto investment firm Paradigm’s special counsel Rodrigo Seira has slammed the United States securities regulator for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police secondary crypto markets.

Kolkata as migrants employed in sectors ranging from domestic work to hospitality and transport went to their homes in villages to cast their vote in the West Bengal panchayat elections, and many are yet to rejoin work. Kolkata, being a fully urban area, is the lone district in the state which did not go to the rural polls.Commuters also faced a harrowing time as many buses and other vehicles were requisitioned for election duty. Restaurants and street food joints were also affected due to the exercise. Shiladitya Choudhury, owner of a chain of restaurants in the city, said, «On the polling day on Saturday (July 8), we barely managed with only around 40 per cent of the staffers. We had kept our menu short on that day.» Owner of a roadside eatery in Salt Lake Sector V, the IT hub of the city, said pressure had mounted on his stall not only because some of his workers had left but also because other nearby shacks were shut.

West Bengal began amid tight security on Tuesday morning, officials said. Votes — held for 73,887 seats in zilla parishad, panchayat samiti and gram panchayat — will be counted in 339 venues across 22 districts of the state. Altogether 2.06 lakh candidates were in the fray.

Digital asset manager Grayscale has filed a letter in its lawsuit against the United States Securities and Exchange Commission (SEC) over the rejection of a spot Bitcoin exchange-traded fund (ETF), citing a possible precedent in furtherance of its case.

SVB Financial Group, the parent holding company of failed Silicon Valley Bank, has filed a lawsuit against the Federal Deposit Insurance Corp. in an attempt to recover $1.9 billion in cash that the regulator has withheld since taking over the bank in March.

West Bengal Governor and Union Home Minister comes as widespread violence was reported on Saturday as the state went to polls at over 61,000 booths. During the violence, ballot boxes were looted, set on fire, and dumped in ponds in several areas of the state. As the situation went out of hand, the State Election Commissioner ordered re-polling in as many as 696 booths on Monday.

Bitcoin and crypto stock Coinbase Global have soared on hopes that an exchange-traded fund that holds the digital currency will soon be approved by U.S. regulators. Analysts say that outcome faces long odds.

Calcutta High Court on Monday directed the inspector general of BSF, the nodal officer appointed for deployment of central forces for West Bengal panchayat polls, to file a report on the violence that took place in various booths on July 8. The court also directed the state government to provide assistance to the relatives for cremation of those who died in alleged poll violence and healthcare facilities to the injured. A division bench presided by Chief Justice T S Sivagnanam directed the IG, BSF, the nodal officer appointed for deployment of central forces for the rural polls, to file a report on the violence which took place in various polling booths in the state during the elections on July 8.

Artificial intelligence has developed rapidly in recent months, but regulating how it’s used to provide financial advice and manage assets is likely to evolve more slowly.

Despite the Coinbase cryptocurrency exchange facing a securities violation lawsuit in the United States, the company’s stock has been on the rise recently.

The Litecoin price has fallen by 3% in the past 24 hours, dropping to $93.86 as the cryptocurrency market as a whole slides by 0.5% within the same timeframe.

The Securities and Exchange Commission (SEC) says a former advisor to the families of U.S. Army heroes defrauded them by making unauthorized trades and inappropriate investment recommendations.

The XRP price has dipped to $0.468321this morning, representing a 3% drop in the past week and a 5% loss in the last 30 days.