3AC Liquidators Accuse Co-Founder Kyle Davies of Negligence and Non-Compliance with Subpoena Liquidators of the defunct hedge fund Three Arrows Capital (3AC) have urged a judge to impose a daily fine of $10,000 on co-founder Kyle Davies. The request comes as Davies is accused of non-cooperation with the investigation into the firm’s collapse, impeding the…
Coinbase’s Chief Legal Officer advocates for Court intervention to compel a response from the SEC regarding the company’s lawsuit. The crypto exchange asserts that the SEC should make a decision within 60 days to prevent unwarranted delays. Coinbase further alleges that the SEC’s actions, perceived as aggressive, have the potential to adversely affect the crypto…
Ukrainian regulators are set to raise taxes on cryptocurrency gains, aligning with EU rules and introducing higher tax rates for crypto profits. Starting in 2024, Ukrainian regulators have revealed their plans to impose an 18% tax on cryptocurrency gains, affecting both individuals and businesses engaged in crypto transactions. This proposed tax increase signals a significant…
Charles Hoskinson, the founder of Cardano, expressed his disapproval of the commotion within the crypto community surrounding the Blackrock Bitcoin ETF application. Hoskinson criticized the excessive noise generated by this development. Blackrock’s journey in the realm of crypto market adoption has been notable, starting with CEO Larry Fink’s description of Bitcoin as an “index of…
Wyre has initiated the winding down process and has announced that interested parties can now inquire about acquiring the company’s assets. San Francisco-based crypto payments firm Wyre has made the decision to shut down its operations after nearly a decade in business. The closure is attributed to the financial difficulties faced during the bear market…
The U.S. derivatives regulator plans a June 26 meeting to discuss initiating a new review of Kalshi’s event contracts for potential approval. On June 26, the Commodity Futures Trading Commission (CFTC) will determine whether to initiate a formal 90-day review of KalshiEX’s contract, which enables users to wager on the political party that will gain…
Lucie introduces @shibcals, the tangible aspect of the Shiba Inu ecosystem. Shytoshi Kusama, the lead developer of Shiba Inu, recently dropped hints about an upcoming physical component. Twitter user @LucieSHIB, a content marketer for the Shiba Inu ecosystem, has shared an extensive teaser about an upcoming feature called the “IRL component” for the SHIB community….
Bakkt Removes Cardano, Polygon, and Solana after US SEC Labels Them as Securities Bakkt Inc, a digital currency trading platform, is set to delist Cardano (ADA), Solana (SOL), and Polygon (MATIC) following the recent classification by the United States Securities and Exchange Commission (SEC) as investment contracts. According to Fortune, the digital currency platform based…
Rosalind’s findings favor Bank of England’s imminent launch of its own CBDC, informally known as “Britcoin After a yearlong project called Rosalind, led by the Bank of England (BOE) and the Bank for International Settlements (BIS), the BOE is nearing the launch of its own digital currency. The project’s conclusion indicates that the technology has…
US House Chair Patrick McHenry to Monitor SEC’s Response to BlackRock Bitcoin ETF Application US House Financial Services Committee Chairman Patrick McHenry recently expressed his support for the BlackRock iShares spot Bitcoin ETF on Twitter. In his tweet, he criticized the regulatory approach of the Securities and Exchange Commission (SEC), led by Gary Gensler, stating…
Binance Faces Money Laundering and Illegal Provision Investigation in France Binance’s French subsidiary is currently under preliminary investigation for illegal provision of digital asset services and money laundering, according to the Paris public prosecutor’s office. The investigation covers the period until 2022, despite Binance obtaining its digital asset service provider license (PSAN) in May 2022….
USDT issuer Tether Holdings Ltd. reportedly held Chinese company securities as reserves, as revealed by Bloomberg. This unveils Tether’s reserve composition and its ties to the Chinese securities market, while the details and status of these holdings remain undisclosed. New York’s Attorney General has disclosed documents showing that Tether Holdings Ltd., the issuer of the…
In a statement, Ivan Chebeskov, who heads the Financial Policy Department of the Russian Ministry of Finance, acknowledged the substantial profits generated by Russian Bitcoin miners from cryptocurrency mining. According to Ivan Chebeskov, the Head of the Financial Policy Department of the Russian Ministry of Finance, Russian Bitcoin miners collectively earn approximately $4 billion annually…
In a significant development, Binance, a prominent cryptocurrency exchange, has made the decision to discontinue its services for users in the Netherlands. The company’s move comes after it was unable to obtain the necessary license from Dutch regulatory authorities. Binance Informs Dutch Customers of Departure from the Netherlands. As per an official announcement, Binance has…
Resilient Memecoins Outperform Amid Turbulent Market; PEPE Skyrockets by 11.73% in 24 Hours, Indicating Potential Bull Run. During the challenging second quarter of 2023, the cryptocurrency market faced a tumultuous period characterized by regulatory uncertainties and a significant decline in prices. Yesterday, the overall market capitalization witnessed a decline of 3.81%. However, amidst this storm,…
Terra Classic’s Parity Upgrade Boosts LUNC Price by 8%, Aligns with Terra 2.0 and Cosmos Chains The cryptocurrency world witnesses a major breakthrough as the Terra Classic blockchain successfully implements the groundbreaking v2.1.1 Parity Upgrade. Led by the Joint L1 Task Force (L1TF), this seamless execution results in a remarkable 8% surge in the LUNC…
Puppynet has marked a significant milestone by surpassing 20 million transactions, indicating a favorable setup for SHIB following the launch of Shibarium. The presence of substantial whale activity is evident as a single whale purchased over $10 million worth of SHIB on Tuesday. The Shiba Inu Army is rejoicing over a notable achievement as the…
Coinbase’s Market Share Erodes as Robinhood Gains Traction, Fueled by the US SEC Lawsui According to a recent Reuters report, Binance.US has undergone significant staff reductions following the recent lawsuit filed by the US SEC. The regulatory action accuses the crypto giant of breaching federal securities laws, prompting the company to implement a round of…
BlackRock partners with Coinbase Custody for Spot Bitcoin ETF, while SEC lawsuit resolution nears. In a significant and unexpected move, BlackRock, the financial giant, submitted an application for a spot Bitcoin ETF, causing a major stir in the crypto industry. The timing of this filing is particularly noteworthy, as it coincides with a period of…
The U.S. banking agency orders the exchange to stop making “misleading representations” about FDIC insurance backing. In a recent order, the U.S. banking regulator instructed OKCoin to remove misleading statements that falsely imply its customers’ accounts are protected by the U.S. Federal Deposit Insurance Corporation (FDIC). The regulator accused the company of making deceptive claims…
Terraform Labs’ legal team presented the argument that UST should not be classified as a security since its primary purpose is facilitating commercial transactions, rather than serving as an investment vehicle. During a recent hearing on Terraform Labs’ motion to dismiss the lawsuit filed by the U.S. Securities and Exchange Commission (SEC), the central question…
Ripple Labs Inc and Peersyst Selected to Enhance CBDC Use Cases for Colombia’s Central Bank In an impactful strategic partnership, blockchain payment company Ripple Labs Inc has joined forces with Banco de la República, Colombia’s Central Bank, to embark on a collaborative exploration of Central Bank Digital Currency (CBDC) use cases using blockchain technology. Together,…
In a significant move, the European Central Bank (ECB) has announced a 25 basis points increase in the three key ECB interest rates, impacting the price of Bitcoin and the broader financial landscape. In a noteworthy development, the European Central Bank (ECB) announced its decision to raise the three key ECB interest rates by 25…
Shiba Inu’s Burn Rate Skyrockets by Almost 1,000% – Will the Price Experience a Parallel Surge? In an impressive demonstration of commitment, Shiba Inu has achieved a substantial boost in the burn rate of SHIB tokens. Following a persistent decline, recent data from the Shibburn website unveils a remarkable surge of nearly 1,000% in the…
Federal Reserve Chair Jerome Powell has indicated the possibility of two additional rate hikes this year. The statement follows a decision by the Federal Open Market Committee (FOMC) to pause the series of consecutive rate increases. Powell’s remarks provide insights into the Fed’s monetary policy direction as it aims to navigate the economic landscape. Since…
Binance Launches Bitcoin Mining Subscription Services to Exclude U.S. Crypto Investors Binance, the cryptocurrency exchange, has introduced Bitcoin mining subscription services, allowing users without mining equipment to participate in mining. Starting from June 15, users can purchase hashrates, which represent the computational power required for verifying Bitcoin transactions on the decentralized ledger. This initiative enables…
Baby Doge Coin Initiates Massive Token Burn, Burning Over 206 Quadrillion BABYDOGE Tokens, Equivalent to 50.93% of Maximum Supply, Entering Overbought Territory. The Baby Doge Coin (BABYDOGE) community and development team have made a remarkable leap by undertaking a significant token burn, obliterating more than 206 quadrillion (50.93%) BabyDoge tokens. This bold and unprecedented move…
Tether (USDT) Depreciation Amid Curve (CRV) and Aave Disputes Sparks Crypto Market Concern; Tether CTO Assures Readiness for Redemptions Tether (USDT), the dominant stablecoin with a market capitalization of $83 billion, experienced a slight deviation from its usual 1:1 peg with the US dollar on Thursday. This shift occurred in response to the decision made…
Binance Margin has recently made an announcement regarding the removal of a significant number of trading pairs from its cross margin and isolated margin trading options. Binance Margin has made the decision to delist several trading pairs from its cross margin and isolated margin trading. Starting from June 22, 2023, at 09:00, the trading pairs…
Whale Dumps 972.84 Billion PEPE Tokens: Insider Trading or Bear Market Sign? Lookonchain, an On-Chain Analysis platform, has reported a recent whale transaction involving the popular PEPE memecoin. The sale of the whale’s entire holdings, which amounted to 972.84 billion PEPE tokens, has raised concerns and sparked speculations of potential insider trading. Adding to the…
Dorsey Funds Web 3.0 Hub Brink to Support Bitcoin Developers as BTC Price Dips Below $25K Renowned Twitter co-founder, Jack Dorsey, continues to demonstrate his unwavering support for the progress of the Bitcoin (BTC) protocol. In his latest move, Dorsey has pledged financial backing to Brink, a prominent Web 3.0 hub that serves as a…
Solana Refocuses on Consumer Applications, Prioritizing Differentiation and User Retention Solana’s journey stands out as a notable contrast in an era dominated by decentralization. While it experienced initial success in the realm of Decentralized Finance (DeFi), Solana has faced a decline in its total value locked (TVL) since the beginning of 2022. This depreciation in…
Soon, Customers can Access the Voyager App to View Available Withdrawal Amounts Voyager Digital, a cryptocurrency brokerage, is making preparations to reopen its app and enable customers to withdraw their funds, nearly a year after filing for Chapter 11 bankruptcy. The bankruptcy plan administrator, Paul Hage, stated in a court filing on June 14 that…
In response to a security breach on Sunday evening, Floating Point Group (FPG) has temporarily suspended all customer withdrawals. The company informed its customers about the halt as a precautionary measure. FPG, an institutional crypto broker, is taking steps to address the security incident and ensure the safety of customer funds. Further details regarding the…
According to the Financial Times, Hong Kong regulator pushes HSBC and Standard Chartered to onboard Crypto Exchanges. Key Factors: HKMA urges HSBC and Standard Chartered to onboard crypto exchange clients. HKMA emphasizes streamlined due diligence for potential customers, especially for those establishing offices in Hong Kong. Banks seek to dissuade customers from participating in cryptocurrency…
In a notable turnaround, Binance, the top cryptocurrency exchange, saw a significant surge in its native token, BNB, after a prolonged downtrend. With a 5.44% spike today, BNB reached $248.53 USD, bringing positive momentum to the Binance community. Recent weeks had witnessed volatile market conditions and downward trends for Binance. However, the current surge in…
Following a successful upgrade at block height 13215800, the price of LUNC surged by 8% in the past 24 hours. World’s largest cryptocurrency exchange, Binance, announced its support for the significant v2.1.1 update of the Terra Classic (LUNC) network. The decision came after Binance users voted in favor of Proposal 11561. This update will enhance…
Decree Grants Central Bank Authority to Regulate and Supervise Virtual Asset Service Providers, While Securities Regulator Retains Token Oversight President Luiz Inácio Lula da Silva, widely known as Lula, has signed a law that brings clarity to the roles of Brazil’s central bank and securities regulator in relation to cryptocurrencies. On June 14, President Lula…
Binance, the largest cryptocurrency exchange, obtained permission to provide spot trading, custody, and other services to citizens of Cyprus. Binance, the world’s biggest cryptocurrency exchange, has submitted a request to deregister as a Crypto Asset Service Provider in Cyprus, possibly due to legal issues it is currently facing in the United States. The exact reason…
Shiba Inu-Themed Eatery Welly’s Expands with New Stores as US Politician Backs SHIB Token Shiba Inu, the second-largest memecoin based on market cap, has been generating considerable attention in the crypto sphere. Recent news has showcased active community engagement and gained support from a prominent figure. Notably, after the release of the Rocket Pond trailer…
USDT Tether’s Investment in El Salvador and Crypto Traders’ Enthusiasm for Tradecurve Signal a New Era in Crypto Trading. USDT Tether Invests in El Salvador On June 5, Tether announced that it will invest $1 billion to build the world’s largest Bitcoin mining operation in El Salvador. The company emphasized its dedication to investing in…
Earn Passive Income with Fancy Crypto’s Cloud Mining Services Cryptocurrency mining has become an appealing avenue for individuals looking to generate passive income in the exciting world of cryptocurrency. Although there are no guaranteed methods, mining presents an opportunity for those interested in earning passive income through their involvement in the sector. Amidst the current…
The Chief Legal Officer of Coinbase stated that the SEC has once again made the mistaken claim that it has not made any decisions regarding the implementation of new cryptocurrency regulations. In the latest crypto news, the Securities and Exchange Commission (SEC), the leading financial watchdog in the U.S., has responded to Coinbase’s writ of…
The Federal Open Market Committee (FOMC) has decided to forgo a rate hike in June due to the decline in bonds, the dollar, and inflation. Meanwhile, experienced trader Peter Brandt has made a bold prediction of a substantial Bitcoin rally in the near future After the two-day Federal Open Market Committee (FOMC) meeting, the U.S….
UK Government Gathers Feedback as FCA Publishes List of 42 Crypto Businesses Bitstamp, a cryptocurrency exchange operating in the United Kingdom, has received official authorization from the Financial Conduct Authority (FCA). After the Financial Conduct Authority (FCA) added Hidden Road Partners and MoonPay around six months ago in December 2022, Bitstamp U.K. Limited and Interactive…
Ripple Expands Operations in Europe and Asia Amid Ongoing SEC Lawsuit Despite the ongoing legal dispute with the United States Securities and Exchange Commission (SEC) regarding its XRP token, Ripple, the cryptocurrency payments service provider, is experiencing widespread adoption of its payment services worldwide. The company’s XRP token, valued at $0.51, has seen continued use…
HQ MENA, a prominent events management company, is excited to reveal the forthcoming Blockchain Expo Dubai 2023. Taking place on September 20-21, this highly anticipated event will serve as a global gathering of blockchain experts, innovators, and thought leaders. Blockchain Expo Dubai 2023 strives to establish itself as the leading event for blockchain enthusiasts, entrepreneurs,…
Terra Classic’s Price Soars to Nearly $0.0001 Range as LUNC Staking Surpasses $1 Trillion Terra Classic (LUNC) shows strong recovery with a significant surge in value. Currently, LUNC is trading at $0.0000953, up by more than 4%. This surge represents a noteworthy bounce of almost 12% from the recent yearly lows observed in the past…
Bahamian Court Temporarily Blocks Additional Charges in US Indictment Against FTX Co-Founder, Sam Bankman-Fried In a surprising turn of events, a Bahamian court has issued a temporary order that prevents the government from approving additional charges added to Sam Bankman-Fried’s US indictment. Bankman-Fried, the co-founder of FTX, has been involved in a legal battle and…
Adidas and Fewocious Partner to Create Sneakers and NFT Collaboration Adidas, a well-known apparel brand, has teamed up with digital artist Fewocious for a unique collaboration that combines physical sneakers with NFT technology. The collaboration aims to explore the concept of “art of play” and will introduce 4,500 editions of an NFT mint pass called…