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Russian media and communications regulator, Roskomnadzor, has restricted access to the website of a major cryptocurrency exchange, Okx. The trading platform was one of those that did not restrict access for Russians amid sanctions that affected the industry&#x2019 ;s business in Russia. Okx Blacklisted on Request From Russian Prosecutor’s Office for Disseminating Banned Information Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media, also known as Roskomnadzor, has added this week the domain name of crypto exchange Okx to its list of sites containing information, the distribution of which is prohibited in the Russian Federation. The move follows a decision by the Russian Prosecutor General’s Office. The Seychelles-based company is among the few leading coin trading platforms that did not introduce restrictions for Russian users despite mounting Western sanctions imposed over Russia’s military invasion of Ukrai...

Also Read: Bitcoin, Ethereum To Rise Amid Positive US Fed & Inflation Data or Fall As Market Makers Exit Interestingly, the SEC Chair spoke about the need to protect investors, saying the Crypto Market s should not be allowed to harm them. In his speech, Gensler mentioned a 2018 conversation by Binance ’s then Chief Compliance Officer Samuel Lim with a colleague about how the crypto exchange is operating as an unlicensed securities exchange in the the United States . The same was included in the SEC’s recent complaint against Binance , which alleged it of lying to regulators. Gary Gensler Warns Crypto Market, Again Gensler reiterated in his opening remarks that most cryptocurrencies qualify as securities by the virtue of meeting the investment contract test. However, the SEC Chair made it a point to warn that lack of compliance could lead to more and more anti-crypto enforcement actions. He said, “not liking the message is not the same thing as not receiving i...

Also Read: Robinhood Wallet Now Supports Bitcoin, Dogecoin; Ethereum Swaps Enabled advertisement Armstrong also talked about an upcoming event organized by Coinbase later this year in Malibu, designed to ignite the passion of builders within the crypto ecosystem in his Tweet. The post is a homing light for builders to create new start-up ideas and inspires hungry entrepreneurs looking to leave a mark in the crypto industry. Flatcoin Armstrong starts his ideas with Flatcoin, a groundbreaking digital currency designed to address the volatility and inherent risks of fiat-backed stablecoins. He recognizes the limitations of current stablecoins, which are pegged to traditional currencies and vulnerable to inflation and abrupt price shifts. Flatcoin proposes a decentralized solution, pegging its value to the Consumer Price Index (CPI), a basket of essential goods. Flatcoin holds the potential to mitigate inflation risks and offer a more reliable medium of exchange. A...

Bitcoin’s (BTC) price , was quite bearish today and was still below the $30,000 threshold at $26,049.08,  and up by around 0.03% since yesterday. Other well-known altcoins, Cardano (ADA) and Solana (SOL), also experienced losses on the other side of the border. advertisement Ethereum is trading at $1,651.68, with almost 0.03% increase in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a rise of 1.06%. Solana also faced losses, with its price decreasing by 1.40%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is again up by 1.34%  since the last day.   Polkadot coin price saw an increase of almost 2.27% in one day.  The realm of meme cryptocurrencies tells the same story. In the past 24 hours, Dogecoin’s price witnessed an increase of around 1.71%, while Shiba Inu’s token price is up by almost 1.37%, in the last 24 hours. The Crypto Market today i...

Also Read: Elon Musk Hails Vitalik Buterin’s Insights on “Community Notes”\ advertisement Earlier, the US SEC was taken to Court by Coinbase to address the issue of whether it was willing to give clarity on the rulemaking for the industry. With the latest CFTC license approval to offer regulated crypto derivatives, the onus is now on the agency to provide the much needed relief surrounding the regulatory fear, uncertainty and doubt (FUD). In this context, Armstrong stated that the market participants are willing to register if there is actually a clear path to do so. Coinbase CEO: Major Moment The CEO said the CFTC approval marks a huge milestone for the Crypto Market in terms of clarity. Meanwhile, the general market perception is that in the next 12 months, the US SEC could finally open doors for institutional Bitcoin exposure via spot ETFs. “Major moment for crypto regulatory clarity in the U.S. This has been a multi-year pr...

Also Read: XRP Price Analysis : Will $XRP Price Hit $0.55 Milestone in Coming Week?  advertisement In the first week of June 2023, the crypto ecosystem suffered one of the largest enforcement actions with back to back lawsuits against crypto exchanges Coinbase and Binance. The top two exchanges were charged with violation of securities laws. Gary Gensler Resignation? Based on the initial reaction to the rumor of Gensler’s leaving SEC, it would have been a major crypto rally if the news were true. Crypto influencer Ben Armstrong confirmed that the resignation news just a rumor. He said the SEC Chair may not resign at all if he wishes to leave in near furture, indicating pssibility of Gensler’s new role and capacity outside of the SEC. “Gensler resigning is almost definitely false. If he ends up leaving soon, it more than likely won’t be a resignation.” Recommended Articles ...