The altcoin market is currently experiencing a significant drop in value, with major cryptocurrencies such as Solana (SOL), Polygon (MATIC), and Cardano (ADA) being heavily impacted. The heatmap below illustrates the current state of the market, with investors appearing to lack confidence during this time. While the reasons for this are not entirely clear, recent
In a recent interaction, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has made it clear that digital assets are securities. He asserted that they should be registered with the agency before being offered to investors or meet the requirements to seek exemptions. He also added that exchanges that list cryptocurrencies
Jay Clayton, the former chair of the US Securities and Exchange Commission (SEC), has commented on the regulatory agency’s current treatment of cryptocurrencies. Speaking at Bloomberg Invest on June 8, Clayton was asked whether he would have taken the same actions as current SEC chair Gary Gensler, who recently filed charges against Binance and Coinbase.
After more than a decade, the Department of Justice (DOJ) has finally charged the hackers who stole hundreds of thousands of Bitcoins from the now-defunct cryptocurrency exchange giant, Mt. Gox. The primary culprits behind the heist have been identified as Russian nationals, Alexey Bilyuchenko (43) and Aleksandr Verner (29). The DOJ stated in a press
Ethereum co-founder Vitalik Buterin, along with India-based crypto fund Crypto Relief and Polygon co-founder Sandeep Nailwal, have pledged $100 million towards COVID-19 research and medical infrastructure development in India. The collaboration aims to tackle the ongoing COVID-19 pandemic and prepare for future pandemics. The Donation The donation will be split between the three parties involved,
Commonwealth Bank of Australia (CBA), the largest bank in Australia, has announced new measures to battle scams in the country. As part of these measures, the bank will temporarily decline “certain” payments to cryptocurrency exchanges. The CBA will decline or hold crypto payments for 24 hours or more and place a A$10,000 ($6,650) limit on
Binance CEO Changpeng Zhao has denied allegations made by the US Securities and Exchange Commission (SEC) that one of his holding firms received $12 billion in US customer funds. Responding to a Coindesk article that cited a court filing as its source, Zhao stated that “this is simply false” and that Binance.US had only around
Finance is a rapidly evolving field, and new technologies like cryptocurrencies, blockchain, and decentralization are disrupting traditional ideas of value, investment, and ownership. While these innovations offer exciting possibilities for reimagining finance, they also present significant challenges. The sophisticated platforms built on these technologies can be difficult to navigate, especially for those without technical expertise.
Noel Gallagher’s High Flying Birds and the Foo Fighters are in a tight race for the top spot on the Official UK Album Charts. The gap between the two bands is just 200 units, which is equivalent to 200 physical album sales or roughly 200,000 album streams. The Official Charts Company recently revealed that the
During the Piper Sandler Global Exchange & Fintech Conference on June 8, SEC Chair Gary Gensler spoke extensively about the ongoing regulatory issues surrounding the cryptocurrency industry. He argued that the crypto community’s assistance on “regulatory clarity” lacks merit and defended his agency’s enforcement actions. Gensler emphasized that he has been straightforward in his approach,
According to Mike McGlone, Senior Macro Strategist for Bloomberg Intelligence, Ethereum (ETH) is currently trapped under the $2000 price point. Despite a stock rally, ETH has failed to sustain itself above that price, leading McGlone to believe that $2000 is a “resistance ceiling”. The NASDAQ 100 stock index tapped a 52-week high in Q2, but
Grill.chat, a chat app based on Subsocial network, has recently announced the implementation of Ethereum Virtual Machine (EVM) wallet compatibility. This will allow users to chat using their Ethereum identities and send cryptocurrency to each other via Polygon. Subsocial is a Polkadot parachain designed for social media applications, while Grill.chat allows users to participate in
In December 2020, the United States Securities and Exchange Commission (SEC) charged Ripple with conducting an unregistered $1.3 billion security offering. The SEC alleged that Ripple’s cryptocurrency, XRP, is a security, which deprived potential purchasers of adequate disclosures about XRP and Ripple’s business and other important long-standing protections that are fundamental to the public market
The price of Ether (ETH) briefly retested $1,780 after news of the US Securities and Exchange Commission (SEC) suing Binance and Coinbase, but the fact that it did not break below the 67-day support is a positive sign for the cryptocurrency. The SEC’s actions are a double-edged sword for Ethereum. Some analysts attribute the bounce
DeeLance ($DLANCE) is a new web3 project that aims to create a crypto and NFT-powered metaverse that puts the jobs market on the blockchain. The platform intends to revolutionize the $761 billion-dollar recruitment sector by uniting freelancers and employers in a decentralized and transparent work-focused digital space. The project is already generating significant hype in
U.S. Treasury Secretary Janet Yellen has called for “additional regulation” to protect consumers and investors from the “inherent” risks present in the cryptocurrency industry. Speaking on CNBC’s Squawk Box, Yellen said that the Treasury Department had conducted in-depth reviews of the sector in recent months under the President’s Executive Order and had identified a number
Doge Rush ($DR) is a new cryptocurrency presale project that has taken the crypto world by storm. It combines popular internet memes with gaming to offer revenue-earning opportunities. The native token, $DR, provides access to multiple features on the platform. Doge Rush is a revolutionary meme token that offers various use cases to keep users
According to data from DeFillama, crypto traders using Binance US withdrew $78.48 million on June 7, despite assurances that their funds were safe. This news follows a report that the US Securities and Exchange Commission (SEC) had sued Binance.US for violating federal securities law and placing investors at risk. On June 5, Binance US recorded
In today’s world, digital art has become a powerful medium of expression, and CASTmyNFT has emerged as a platform that offers an immersive 3D gallery experience where digital art enthusiasts can showcase and celebrate NFT collections. The platform believes that NFTs should be showcased and celebrated just like their physical counterparts. Therefore, CASTmyNFT offers immersive
LaMelo Ball, the Charlotte Hornets’ star, has teamed up with PUMA to release the third model in his signature shoe series, the MB.03. This shoe, which features an eye-catching midsole design that extends upward to the shoe’s mid-foot and unique, organically shaped padding at the Achilles and a heel scoop, embodies Ball’s “Not From Here”
On-chain analyst Willy Woo has stated that Binance customers are not concerned about recent enforcement actions by the Securities Exchange Commission (SEC). He made these comments regarding Bitcoin holders on the main global platform. However, further analysis showed that Binance.US altcoin holders have been withdrawing significant funds. The SEC filed a motion on June 6,
Jack Dorsey, a long-time Bitcoin advocate, has found himself in a Twitter war with several crypto industry pundits after he responded with a “yes” to a question asking if Ether was a security. Udi Wertheimer, a Bitcoin Ordinals developer at Taproot Wizards, inferred Dorsey was a “clown” in a tweet on June 6. The Online
The U.S. Securities and Exchange Commission (SEC) has filed charges against Coinbase claiming that the company violated securities regulations. The SEC alleges that Coinbase’s main trading platform has operated as an unregistered broker, exchange, and clearing agency since 2019. The SEC also claims that Coinbase’s Prime and Wallet services have operated as unregistered brokers since
The U.S. House Committee on Agriculture recently held a hearing to discuss a draft discussion bill on cryptocurrency that was advanced by Republican lawmakers. The hearing aimed to discuss the bill with Democratic members in order to create a bipartisan legislative proposal. Testimonies from Industry Leaders During the hearing, several industry leaders provided their testimonies.
Glassnode, an on-chain analytics firm, has recently published a report suggesting that investors are showing a preference for risk-off assets such as stablecoins and Bitcoin. The report also highlights that altcoins are currently at a crucial turning point, with a potential breakout imminent. Analysis of Uniswap and Futures Trading Volumes According to the report, the
The U.S. Securities and Exchange Commission (SEC) has requested a restraining order against Binance.US, asking the court to freeze the assets of Binance.US’s parent companies, which are operating under the name BAM. The SEC is also seeking to have Binance.US funds returned to customers. The regulator has asked Binance, Binance.US-related companies, and Binance CEO Changpeng
Louis Vuitton, the world-renowned French luxury brand, is all set to launch its first-ever “phygital” NFT collection named “Via”. The limited-edition series will feature “Treasure Trunks” in physical form that come with matching non-fungible tokens (NFTs). However, there’s a catch. Only a few hundred trunks will be made available, with each trunk costing a staggering