Ethereum Classic (ETC) and Ethereum (ETH) share common roots but their journeys have diverged significantly. Interestingly, this divergence extends beyond the technological aspects and into the regulatory world. In the United States, Ethereum Classic is regarded as a commodity, while Ethereum is classified as a security.
In recent developments, credit ratings agency Moody's has downgraded its rating of Coinbase, a prominent cryptocurrency exchange, from "stable" to "negative."
Washington D.C., June 6, 2023 — In a move that further solidifies the SEC's relentless assault on the crypto industry, Coinbase, Inc. finds itself under fire as the Securities and Exchange Commission (SEC) has charged the popular cryptocurrency exchange for operating as an unregistered national securities exchange, broker, and clearing agency. Additionally, Coinbase is accused of conducting an unregistered offer and sale of securities through its staking-as-a-service program.
The recent clash between Binance, the world's largest cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) has sent shockwaves through the cryptocurrency industry. While the SEC's lawsuit against Binance and its CEO Changpeng Zhao raises concerns, it also highlights the broader struggle for financial freedom and the role of cryptocurrencies in a world dominated by centralized control.
Could we see your favorite in-game Nike items become worth real money via crypto?