What a Judge Said About the SEC’s Suit Against Coinbase
A federal judge had a lot to say about the SEC’s claims in its suit against Coinbase.
A federal judge had a lot to say about the SEC’s claims in its suit against Coinbase.
Speculative frenzy characterised by irrational exuberance and greed is an infamous sign of an impending market top.
The trader had bought the Yes side shares of the now-expired Polymarket-based betting contract “Will BTC hit $50,000 in February?”
The federal judge must now weigh what a Coinbase lawyer characterized as “a pure question of law,” and her answer could have big consequences on the crypto sector.
The Presidential and Vice Presidential Election and Recall Act specifically prohibits gambling on elections.
The rare signal indicates that institutions have long exposure but not via spot, one observer said.
The CFTC denied a valid hedging option when it rebuffed a plan to offer event contracts for traders to bet on political outcomes, the company said.
The latest price moves in crypto markets in context for Sept. 29, 2023.
Bone is part of a trio of tokens – others being treat (TREAT) and leash (LEASH) – that are used to hisse fees and vote on governance matters on the Shibarium blockchain, which was released by Shiba developers in August.
A token meant for testing purposes wasn’t intended to be traded, yet some traders have pounced on the supposed opportunity.