September – 2024 – News Crypto Center - Page 2

Mango Markets Agrees to Destroy MNGO Tokens in SEC Settlement

Mango Markets Agrees to Destroy MNGO Tokens in SEC Settlement Mango Markets, a decentralized trading platform (DeFi), has agreed to destroy its own MNGO tokens after reaching a settlement with the U.S. Securities and Exchange Commission (SEC). The agreement comes after the SEC classified MNGO tokens as unregistered securities, prompting Mango Markets to take this measure to mitigate legal risks

U.S. Spot Bitcoin ETFs See Record $365M in Inflows, Marking Six-Day Winning Streak

U.S. Spot Bitcoin ETFs See Record $365M in Inflows, Marking Six-Day Winning Streak The U.S. spot Bitcoin ETFs (Exchange-Traded Funds) have experienced unprecedented inflows of $365 million, marking a six-day winning streak and setting a new record for the industry. This surge in investment reflects growing confidence in Bitcoin and heightened demand from both retail and institutional investors.

Gary Gensler: ‘Crypto Needs to Build Trust,’ Reiterates Bitcoin’s Non-Security Status

Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), has reiterated that Bitcoin (BTC) does not fall under the category of securities. His statement aligns with previous remarks made by the SEC, reinforcing Bitcoin’s status as a commodity rather than a security, unlike many other cryptocurrencies. Gensler emphasized that while Bitcoin is recognized as a non-security,

Bitcoin (BTC) Price Pushes Above $66K After Soft US Inflation – Here’s Where Its Headed Next

The price of Bitcoin (BTC) surged above $66,000 following the release of US inflation data, which came in lower than expected. This indicates that inflation may be slowing down, giving investors more hope that the Federal Reserve could potentially shift its monetary policy in the future. As a result, demand for risk assets like Bitcoin has increased. What’s Next for Bitcoin’s Price? Bitcoin’s ab

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