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CryptoLaw founder John E. Deaton is clapping back at U.S. Securities and Exchange Commission (SEC) chair Gary Gensler after a proposal from Coinbase to create new crypto-specific rules was rejected. This week, the SEC rejected Coinbase’s 30-page “petition for rulemaking.” Gensler contends that the current securities framework adequately governs crypto asset securities and is actively addressing the crypto securities markets through rulemaking and enforcement.  The SEC’s decision prompted Coinbase to file an immediate court challenge. The company has sought a review from the U.S. Court of Appeals for the Third Circuit, asserting that the SEC’s refusal to engage in rulemaking was arbitrary.  The SEC argues that it is already addressing the crypto securities markets through rulemaking and enforcement actions.  Deaton took issue with Gensler’s comments on social media, accusing the SEC chair of “gas lighting the American people.” @G...

According to reports, Poloniex, a crypto exchange founded by Tron’s Justin Sun, has been hacked for over $100 million. The hack was brought to light by crypto security firms PeckShield and Cyvers. The security firms flagged the possible hack at around 10:55 UTC. JUST IN: Tron founder Justin Sun's crypto exchange Poloniex hacked for over $100 million . — Watcher.Guru (@WatcherGuru) November 10, 2023 The firm’s customer service arm took to X (formerly known as Twitter) and said that their ‘wallet has been disabled for maintenance.’ The platform said it would inform the community when the wallet is online. However, there has been no update from the exchange since. Also Read: Binance To Halt Russian Ruble Deposits From November 15, 2023 Our wallet has been disabled for maintenance. We will update this thread once the wallet has been re-enabled. — Poloniex Customer Support (@PoloSupport) November 10, 2023 Tron founder and Poloniex backer...

Paris Blockchain Week founder Michael Amar believes large Web2 companies entering the Web3 space bring resources capable of increasing mass adoption. Paris Blockchain Week (PBW), an annual gathering of professionals within the blockchain industry, has kicked off its fourth edition, with industry leaders and entrepreneurs from across the world gathering to discuss the latest trends and developments impacting the digital asset space. In an exclusive interview with Cointelegraph, Michael Amar, the founder and chairman of Paris Blockchain Week, shared that the original vision for the Conference was to put Europe on the map, as it was previously “nowhere on the map for blockchain.” Cointelegraph's Joe Hall with Michael Amar. Founded in 2019, PBW was created with the vision of bringing together professionals within the industry to advance blockchain awareness and adoption. According to Amar, the aim of the conference was to progress the industry as a whole, addressing topics like regu...

Join Our Telegram channel to stay up to date on breaking news coverage Sam Bankman-Fried, the founder of FTX, was detained by Bahamian authorities on Monday night after the Southern District of New York’s US Attorney shared a sealed indictment with them, paving the way for his extradition and eventual trial in the US. He was the driving force behind the collapse of the crypto exchange. His arrest marks the authorities’ first significant step toward holding people accountable for the multibillion-dollar collapse of FTX last month. Bankman-Fried was scheduled to appear before the House Financial Services Committee on Tuesday before his arrest was made public, but his attorneys have announced that he will not be there. His arrest “surprised” Rep. Maxine Waters, D-Calif., who chairs that committee, who expressed disappointment that Congress wouldn’t be able to hear from him on Tuesday. The federal government planned to “unseal the indictment ...