Changpeng Zhao, CEO of Binance, has denied rumours that the exchange was selling Bitcoin to protect BNB’s price. In a tweet on June 13, CZ stated that Binance had not sold BTC or BNB and that the exchange still held a bankrupt FTX’s FTT. The statement was in response to several market analysts who alleged
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Santiment, a blockchain analytics provider, reported that the current supply of Bitcoin on cryptocurrency exchanges stands at 6.4%, which is the lowest level since February 2018. The data reveals that crypto traders are continuing to withdraw their Bitcoin holdings from exchanges in favor of self-custody methods. This trend could be a result of the recent
Coinbase’s chief legal officer, Paul Grewal, has updated the situation on the U.S. Securities and Exchange Commission’s (SEC) response to the company’s repeated calls for regulatory clarity. In a recent filing, Grewal reported that the regulator has launched an outright attack on the digital asset industry this year and “repeated the fallacy that they haven’t
The U.S. Securities and Exchange Commission (SEC) has not yet made a decision regarding Coinbase’s petition for rulemaking for the cryptocurrency industry. Coinbase had requested clear regulatory guidelines in July 2022 and later submitted a court filing for a writ of mandamus in April 2023 that would compel the SEC to act on their rulemaking
Ripple’s Chief Legal Officer, Stuart Alderoty, has called for an investigation into the reasons behind the speech given by former Securities and Exchange Commission (SEC) official, William Hinman, in 2018. The speech delivered by Hinman has been the subject of much debate within the cryptocurrency industry, as it suggested that Ethereum (ETH) was not a
On June 13, Amazon Web Services (AWS) experienced a minor outage that lasted for about three hours. At 12:08 pm PDT, the company reported that it was “investigating increased error rates and latencies” in some parts of the United States. The outage affected many mainstream news organizations, such as the Associated Press, which were unable
Gone are the days when the concept of work was synonymous with brick-and-mortar office spaces and strict nine-to-five schedules. In recent years, technology has paved the way for an alternative route, leading away from the traditional employment model towards the flexibility of freelancing. Thanks to the rapid proliferation of the internet and the digitization of
Puma, the globally renowned sports brand, has recently launched “Black Station”, a 3D metaverse experience that caters to product drops and provides exclusive access to Puma Pass NFT holders. The immersive experience of Black Station is open to all, but only RB token holders are given full access to the platform’s features. The RB tokens
Binance CEO, Changpeng Zhao, has denied allegations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its BNB (BNB) token. Market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, have accused Binance of intentionally manipulating the market to inflate the value of BNB. Technical analysis platform Skew
Tether has announced its plan to coordinate with a third-party exchange to conduct a chain swap to convert 750 million USDT from Tron to Ethereum ERC20. The company has stated that the total supply of USDT will remain unchanged during this process. A chain swap process allows traders to move their cryptocurrencies from one blockchain
BlockFi, the bankrupt lending platform, has announced that it needs to carry out updates before customers can withdraw their crypto assets held in wallet accounts. The platform has stated that this “work” should be completed by summer, and it will add new product functionality to its platform before allowing withdrawals. New Withdrawal Process BlockFi has
According to a report by DappRadar, the blockchain gaming industry experienced a significant increase in revenue during May 2021. Despite a slight decrease in dominance, the sector witnessed a 6% month-to-month increase in unique active wallets (UAW), solidifying its position as a major player in the decentralized application (dapp) ecosystem. With gaming continuing to command
Binance.US and the U.S. Securities Exchange Commission (SEC) could potentially come to an agreement that would avoid a full asset freeze. This news comes after the SEC first filed charges against Binance.US and related companies on June 5th. The SEC then requested a restraining order and asset freeze on June 8th. Judge Amy Berman Jackson’s
Santo Blockchain Labs, a Blockchain-as-a-Service (BaaS) firm, has announced a new initiative to incorporate non-fungible token (NFT) technology into cannabis seed traceability through a collaboration with Planta Vida on the CHIMBA blockchain. The project aims to create a cannabis NFT clone authentication and traceability smart contract that offers features such as NFT creation, seed certification,
Emin Gün Sirer, the CEO of Ava Labs, has called on US officials to support responsible blockchain innovation and to avoid potentially disastrous consequences if they fail to do so. He will testify to the US House Financial Services Committee on June 13, including Chair Patrick McHenry, Ranking Member Maxine Waters and other members of
Mark Cuban, an American businessman, philanthropist, and television personality, has criticized the United States Securities and Exchange Commission (SEC) for providing misleading guidance on which digital currencies could be categorized as securities. The SEC has received criticism for its unfriendly attitude towards the cryptocurrency industry, having recently filed lawsuits against two of the largest exchanges
JP Morgan has agreed to pay $290 million to settle a class-action lawsuit with the victims of Jeffrey Epstein, a former financier and convicted sex offender. The plaintiffs accused JP Morgan of laundering money, enabling sex trafficking, and aiding Epstein while he was still a client of the bank. The largest bank in the United
Circle CEO, Jeremy Allaire, has announced that he will be giving testimony to Congress on June 13th regarding the draft stablecoin regulation. Allaire claims that the stablecoin bill is a crucial piece of legislation that should act as the first step in creating a regulatory framework that supports a vibrant and safe digital assets market.
Thirdweb, a San Francisco-based start-up that provides a comprehensive Web3 infrastructure toolkit, has hired Atif Khan as their new Vice President of Gaming. The company aims to streamline the process of Web3 game development and has recently built an on-chain survival action game named Web3 Warriors to demonstrate the effectiveness of their toolkit. Thirdweb raised
The use of non-fungible tokens (NFTs) has been a topic of ongoing discussion in the popular game Minecraft. In July 2022, Mojang, the Microsoft-owned developer of Minecraft, announced its intention to ban the use of NFTs on player-run servers. However, the implementation of the ban has yet to take effect. Despite the delay, Mojang remains
Artificial intelligence (AI) has been increasingly adopted in recent years, with AI-based chatbots, such as OpenAI’s ChatGPT, gaining popularity. The cryptocurrency industry has also been impacted by AI, with a number of AI-related cryptocurrencies experiencing a surge in value at the beginning of 2023. Now, a gamified version of the Turing Test is revealing fascinating
The cryptocurrency industry is currently facing regulatory challenges, and lawmakers in the United States and United Kingdom are set to bring the discussion into the public sphere. On June 13, both nations will host high-profile hearings, marking a pivotal moment in the ongoing debate over digital asset regulation. The UK Parliament will debate the findings
According to recently published data from CryptoCompare, Bitcoin (BTC) is currently trading at a premium of more than 1% on Binance.US. This is despite the fact that the exchange’s USD trading volume has dropped to new lows following the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the company. BTC is currently trading above $26,000
The XRP price has been on a solid upward trend, but it recently reached a significant resistance region at $0.55. This resulted in a surge of volatility in the past few days, leading to a rejection toward the 100-day moving average and the channel’s middle trendline. Currently, the XRP price is consolidating without providing any
A study conducted by Nokia and EY, titled “The Metaverse at Work,” has explored the benefits that companies have observed through utilizing industrial metaverse technologies. The study sourced opinions from 860 representatives across four industry sectors in six countries. The Metaverse is Here to Stay The study indicates that the Metaverse is not just a
The United States is losing its share of the cryptocurrency market due to unclear regulations in the industry. According to a CryptoQuant research report, over half of the bitcoin (BTC) held by crypto firms for their clients has moved to offshore and international exchanges. BTC reserves on US-based crypto exchanges have fallen to 2017 levels,
Cameron Winklevoss, co-founder of Gemini, a crypto exchange, has warned that the regulatory crackdown on cryptocurrencies in the US could alienate an entire generation of would-be Democrats. According to a CNN analysis, the Democratic party would have lost the 2022 Presidential election without the support of young voters. Therefore, the party needs to secure the