Bloomberg Intelligence Senior Macro Strategist, Mike McGlone, recently shared his perspective on Bitcoin’s future. In a recent interview, Mike McGlone, Bloomberg Intelligence Senior Macro Strategist, provided evaluations on the outlook of Bitcoin. Bitcoin’s price recently experienced a spike following BlackRock’s application for the Bitcoin Spot ETF, causing it to hover around $30,000. However, Mike McGlone…
In just one day, the price of SHIB experienced a surge from $0.000008019 to $0.000007476. This notable increase comes ahead of the anticipated launch of Shibarium, a layer 2 blockchain, scheduled for July. Shiba Inu (SHIB), often referred to as the “Dogecoin killer,” is facing challenges in the current market conditions. The decline in the…
According to on-chain data from Santiments, XRP stands out as the only major cryptocurrency showing slight bullish signals for the future. Last week, the global digital market experienced a positive performance, with significant cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) witnessing price increases of over 12% and 8% respectively. However, in contrast to this rally,…
Robinhood recently announced a layoff of 7% of its workforce, coinciding with its decision to end support for Cardano (ADA), Polygon (MATIC), and Solana (SOL) on June 27. This move signifies a shift in the platform’s supported cryptocurrencies and has implications for users invested in these particular digital assets. Cardano (ADA), Solana (SOL), and Polygon…
Suspension of Dollar Services by Binance Australia: Impact on 1 Million Australian Users and Insights from Binance Australia Head Rose The Binance community was left unsettled by the events of May 18 when Binance Australia unexpectedly halted its dollar services. The suspension occurred after Zepto, Binance’s payments provider, received instructions from Cuscal to cease supporting…
Recently, a group of inactive large cryptocurrency holders, known as “whales,” has become active again and started purchasing millions of Arbitrum’s ARB tokens. This sudden surge in buying activity has led to a notable increase in both the prices of ARB tokens and the overall trading volume associated with them. In a noteworthy development, two…
There have been new developments in the lawsuit between the SEC and Ripple, with the release of Hinman documents causing uncertainty for XRP token holders. Despite the wait for the Summary Judgment, there is optimism that Ripple has a good chance of winning the case. However, the judgment may not be delivered until the end…
US SEC Requests Freeze of Terra Founder Do Kwon’s Crypto Assets at Sygnum Bank. US authorities, including the New York Federal Prosecutors Office and the SEC, have requested Swiss prosecutors to freeze crypto assets and fiat currency linked to Terraform Labs and co-founder Do Kwon. The assets in question are held in Sygnum, a digital…
Binance, a popular cryptocurrency exchange, has decided to withdraw its license registration in Austria. This move follows its recent deregistration in several European countries, including the UK, Belgium, Cyprus, and the Netherlands. Binance, the largest cryptocurrency exchange in the world, has decided to withdraw its license registration in another European country. This comes as Binance…
HSBC, the largest bank in Hong Kong, has reportedly made cryptocurrency exchange-traded funds (ETFs) available for trading. This marks HSBC’s entrance into the cryptocurrency market, showcasing the increasing acceptance and adoption of digital assets in the financial industry. HSBC, the largest bank in Hong Kong, has reportedly launched its inaugural cryptocurrency services. According to journalist…
ByBit, a cryptocurrency exchange, is bolstering the crypto ecosystem in Cyprus by acquiring an operating license, filling the void left by Binance’s departure from the country. Bybit, one of the world’s top cryptocurrency exchanges, has received approval for a license to operate as an exchange and custody service in Cyprus. With this license, Bybit will…
Binance Revises Operations to Comply with EU Standards After Community Feedback Binance, the cryptocurrency exchange, has announced that it is reversing its decision to delist several privacy coins in Europe. The company stated that it has made revisions to its operations to ensure compliance with local regulations, leading to the reversal of its previous plan….
Sygnum AG, the Swiss digital-asset bank, witnesses robust crypto demand, potentially expanding brokerage operations in Singapore. Sygnum AG, a Swiss digital-asset bank, sees strong demand for crypto transactions from fund houses, family offices, and institutions. This is expected to boost revenues for their newly established brokerage business in Singapore after obtaining an in-principle approval from…
Court seeks SEC clarification on defendants’ non-security token trading Binance and Coinbase, the two largest crypto exchanges globally, are currently embroiled in legal issues with the SEC over alleged violations of operational regulations. The Coinbase Legal Chief highlighted the SEC’s perplexing approach to token categorization in the ongoing Binance case, adding to the complexity of…
Crypto exchanges face regulatory heat alongside Binance after SEC crackdown According to blockchain data and research firm Kaiko, Binance’s market share has reached a one-year low due to intensified regulatory scrutiny targeting the exchange. The report highlights the impact of increased regulatory pressures on Binance’s market position within the cryptocurrency industry. In a recent development,…
Binance Dubai’s GM, Alex Chehade, predicts the UAE’s emergence as the world’s next prominent crypto hub, citing several compelling factors supporting this projection. Binance shifts focus to the United Arab Emirates as a strategic destination amidst increased enforcement actions in the United States. Binance Dubai’s General Manager, Alex Chehade, highlights the UAE’s appeal to crypto…
United Nations urges member states to promptly implement the Travel Rule to address regulatory gaps. The international body emphasizes the need for swift action to close existing loopholes and ensure comprehensive protection within the financial system. Financial Action Task Force renews call for countries to implement “Travel Rule” against cryptocurrency-enabled money laundering and terrorism financing….
NEAR Foundation and Alibaba Cloud join forces to provide developers with a data query API through multi-chain indexing. NEAR Foundation partners with Alibaba Cloud to drive Web 3 growth in Asia and the Middle East. The non-profit organization, responsible for developing the NEAR protocol ecosystem, collaborates with Alibaba Cloud, the computing and storage division of…
While the 1-day chart of Solana displayed a predominantly bearish trend, the shorter timeframes indicated a notable presence of bullish momentum. On the price charts, Solana exhibited contrasting biases between the 1-day and 4-hour timeframes, with the advantage leaning towards the bulls in the shorter timeframes. This favorable situation could potentially drive SOL’s rally towards…
Ripple’s technology products are making a significant impact in the rapidly expanding global digital assets market within the cryptocurrency industry. In the crypto market news, despite the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) affecting the growth of the XRP token, Ripple’s software products are still leaving a strong impact…
A group of experienced full stack engineers from Terra Luna Classic has recently introduced a proposal called “Six Samurai” for the upcoming third quarter of 2023. After a joint governance proposal by Terra Luna Classic regarding liquid staking derivatives, another team has come forward with a proposal for the next quarter. The Terra Allies senior…
Despite the MetaBirkin creator’s argument that the project qualified as artistic expression protected under the First Amendment, the defense ultimately proved unsuccessful. Hermès International has secured a significant victory in its infringement case against artist Mason Rothschild, as a Manhattan judge has issued a permanent injunction on all sales of “MetaBirkin” non-fungible tokens (NFTs). The…
The Suspension of the Shiba Inu Burn Twitter account has sparked speculation and discussion within the crypto community. The account holders mentioned that their app violated Twitter Rules, as stated on the Developer Portal. The popular Shiba Inu Burn Twitter account, known for its active role in the crypto community, has been unexpectedly suspended. This…
CEO John Ray III intends to relaunch the crypto exchange FTX 2.0, attracting interest from 363 potential buyers, including industry giants BlackRock, Ripple, and Nasdaq. Under CEO John Ray III’s leadership, FTX Debtors have revealed their intentions to revive the struggling crypto exchange FTX as part of a bankruptcy restructuring plan. Recently, FTX unveiled the…
Bloomberg analyst Mike McGlone cautions about challenges ahead for Bitcoin’s surge to $40,000, despite a positive outlook influenced by the BlackRock Bitcoin ETF. Bitcoin reached a one-year peak at $31,400, matching its price before the 2022 Terra-LUNA crisis that affected the crypto market. While experts foresee a potential rally in BTC price, Bloomberg Intelligence’s senior…
Kalshi is seeking to enable users to place bets on the political party that will gain control of Congress following an election. The U.S. Commodity Futures Trading Commission (CFTC) has initiated a formal review and public comment period to assess the proposed contracts of prediction market platform Kalshi, which allow users to bet on the…
Cryptocurrency enthusiasts have raised suspicions that the SEC’s actions are advantageous to US financial firms. Prominent figures within the crypto industry have voiced support for allegations made by Pysh, suggesting collaboration between Wall Street and regulators. Meanwhile, financial firms are embracing opportunities in the crypto space despite the ongoing SEC lawsuits. The Securities and Exchange…
BRICS is considering Bitcoin as a potential alternative to the US dollar as a global reserve currency. Central Bank of Russia has established dedicated organizations focused on cryptocurrency mining. The BRICS alliance, made up of prominent emerging economies, is exploring the possibility of using Bitcoin as an alternative to the US dollar for global reserve…
Coinbase exchange intends to add VeChain’s native tokens, VET and VTHO, to its platform, despite the recent regulatory actions taken by the US Securities and Exchange Commission (SEC). Coinbase, a major cryptocurrency exchange, has recently highlighted the notable progress made by VeChain. In a recent announcement, Coinbase revealed its plan to include VeChain’s native tokens…
According to JPMorgan, Bitcoin miners who adopt a specific approach are the sole entities capable of thriving in an intensifying competitive landscape. JPMorgan’s research report highlights that Bitcoin miners equipped with both low electricity costs and access to sustainable energy sources are the only ones poised to endure the growing competition within the industry. The…
The Belgian financial regulator has issued a directive to Binance, to immediately stop all cryptocurrency services in Belgium. The regulator’s decision came as Binance was unable to provide satisfactory information regarding its non-EEA entities. The Belgian Financial Services and Markets Authority (FSMA) has directed the popular cryptocurrency exchange Binance to halt its crypto exchange and…
The U.S. SEC held the highest position on the list of BlockFi creditors, with a settlement balance of $30 million since February 2022. The United States Securities and Exchange Commission (SEC) has agreed to delay the payment of a $30-million fine imposed on bankrupt crypto lender BlockFi. This payment will be postponed until the creditors…
As of the latest update, the Bitcoin/USDT pair is trading at $31,225.00, showing a 2.59% change within the past 24 hours. Similarly, the Bitcoin/TL pair is valued at 765,225.00 ₺. In the case of Ethereum, the Ethereum/USDT pair is currently trading at $1,914.64, experiencing a 0.80% increase in the last 24 hours. The Ethereum/TL pair…
The Japanese banking giant is currently engaged in discussions with stablecoin companies regarding the potential issuance of these tokens. MUFG (Mitsubishi UFJ Financial Group) is currently in discussions with the creators of well-known global stablecoins, exploring the possibility of issuing stablecoins through their blockchain platform. Japan’s banking giant is engaged in negotiations to become an…
Binance US has announced the resumption of USD withdrawals, but it anticipates that its banking partners may cease this service soon. Binance US, the US-based arm of the popular Bitcoin exchange Binance, has made a new statement regarding USD withdrawals. The exchange, which is currently facing a lawsuit from the SEC, had earlier informed its…
Binance has increased the minimum staking requirements for popular cryptocurrencies including Solana (SOL), Polkadot (DOT), and Cosmos (ATOM) in their earning products. Binance Earn products provide opportunities for crypto token holders to generate passive income from their assets. These offerings include Flexible Savings and Locked Savings. In Locked Savings, users can lock their tokens for…
The FTX cryptocurrency exchange has taken legal action by filing a massive $700 million lawsuit against an investment firm that is headed by a former aide to Clinton. According to Reuters, the now-defunct cryptocurrency exchange FTX has initiated legal proceedings against a former aide to Hilary Clinton and the aide’s investment firm. Their lawsuit aims…
Siemens AG, a conglomerate based in Germany, was reportedly the first company to conduct euro-based transactions using JPM Coin. JPMorgan, an investment bank in the United States, is extending the use of its blockchain project, JPM Coin, into the realm of traditional banking. The bank has introduced euro-based payments for its corporate clients by deploying…
Crypto.com has recently obtained regulatory approval in Singapore, receiving a MPI license from local regulators. This approval follows closely after the latest regulatory clearance obtained by the crypto exchange. Crypto.com, a cryptocurrency exchange service provider based in Singapore, has received a virtual asset service provider (VASP) registration from the Bank of Spain. This regulatory…
Gemini Staking Pro enables institutions in the U.K. to participate as Ethereum validators by depositing a minimum of 32 ETH, valued at approximately $60,000 at the current time. Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is making significant strides in expanding its services globally. Recently, on June 23, Gemini officially launched Ethereum staking…
Amid a worldwide regulatory crackdown on Binance, the cryptocurrency exchange is currently under investigation in multiple countries. This recent development in Brazil adds to the ongoing scrutiny faced by Binance globally. Deputy Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, has made a formal request to summon Guilherme Haddad, the director of Binance…
Casa Enhances Self-Custody Storage with Ethereum Support and Multisignature Security for BTC and ETH Casa, established in 2016, has been a strong advocate for multi-signature self-custody of BTC. Through its flagship Bitcoin vault, Casa enables users to store their cryptocurrency using up to five keys, ensuring enhanced security through distribution. Casa initially focused on serving…
Shytoshi Kusama, Shiba Inu’s lead developer, alerts the community to beware of scammers promoting unreleased fake tokens. His warning aims to prevent users from falling prey to fraudulent schemes and safeguard the Shiba Inu community from potential financial harm. Shytoshi Kusama, the lead developer of Shiba Inu, has issued a cautionary message to the community…
In preparation for their SEC case, Binance and Binance.US have strengthened their legal team by hiring a former DOJ representative to serve as their legal representative. Binance Holdings Ltd., the world’s largest cryptocurrency exchange, has enlisted a former DOJ white-collar prosecutor as its legal representative in the SEC lawsuit, according to a recent court filing….
BitGo’s announcement of a non-binding letter of intent to acquire Prime Trust was followed by the termination of the acquisition just two weeks later. On June 22, BitGo, a company that provides wallet infrastructure and digital asset custodial services, announced via Twitter that it has chosen to cancel its plan to acquire Prime Trust, a…
Mastercard expands Engage program to support the launch of cryptocurrency card programs, facilitating collaboration between traditional credit card industry and crypto companies. Mastercard Engage expedites the process of launching crypto cards and enables crypto-to-fiat conversions by establishing partnerships with card issuers and BIN sponsors in the crypto industry. Mastercard’s timely expansion of its Engage program…
In the filing made by Binance.US, particular reference was made to statements by the SEC that suggested Binance and its CEO had the ability to mix or redirect customer assets. The implication of these statements was deemed misleading and prompted Binance.US to address the issue. Did the SEC mislead the public? Binance.US and its associated…
According to Real Vision CEO Raoul Pal, it’s crucial for investors to act now and begin acquiring digital assets without delay. In a recent video on Real Vision Finance, the former Goldman Sachs executive emphasized that the current macroeconomic conditions offer a favorable opportunity to invest in Bitcoin (BTC) and other cryptocurrencies. Pal anticipates the…
Valkyrie Submits Spot Bitcoin ETF Application as Bitcoin increased by almost 20%, surpassing $30,000 Valkyrie, a prominent financial company, has recently applied to the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin Exchange-traded fund (ETF). The company submitted the registration for the spot Bitcoin ETF on June 21 and aims to have it…
With the crypto bull market in full swing, Pepe Coin, a memecoin, has experienced significant gains. This raises the question of whether other popular memecoins such as Shiba Inu, Dogecoin, and FLOKI will also follow Pepe’s upward trajectory. The cryptocurrency market is currently witnessing a surge in prices, and Pepe Coin (PEPE) has stood out…