Ripple general counsel Stu Alderoty has slammed the United States Securities and Exchange Commission (SEC) for trying to “bully, bulldoze, and bankrupt” crypto innovation in the U.S. in the name of expanding its own regulatory territory. “By bringing enforcement actions–or threats of potential enforcement–the SEC intends to bully, bulldoze, and bankrupt crypto innovation in the U.S., all in the name…
Institutional investors offloaded $101.5 million worth of digital asset products last week in ‘anticipation of hawkish monetary policy’ from the U.S. Federal Reserve according to CoinShares. U.S. inflation rates hit 8.6% year-on-year at the end of May, marking a return to levels not seen since 1981. As a result, the market is expecting the Fed to take considerable action to…
CNBC’s Jim Cramer calls today’s market meltdown “Crypto Monday.” “I don’t want to make a joke of it,” Cramer said on the CNBC’s “Squawk on the Street” podcast. “A lot of younger people and people who borrowed money, they are going to be gone today if they are not careful.” Cramer called the correction shocking. His comments represent a shift…
Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year. Bitcoin’s Price Estimate by Crypto Fund Managers PWC, a Big Four accounting firm, published its “4th Annual Global Crypto Hedge Fund Report” last…
A class-action lawsuit was filed today against Binance.US, alleging that the cryptocurrency exchange misled consumers about the safety of Terra’s stablecoin UST, and native token LUNA. The suit also claims Binance violated federal law both by selling UST and LUNA, cryptocurrencies that the plaintiffs claim are securities that should have been registered with the SEC, and by operating as an unregistered…
It’s only been a month since the collapse of Terra, and the chaos that it created in the crypto market, and now Lido Finance and its Staked Ethereum (stETH) are at the center of another potential liquidity crisis. Crypto lending company Celsius is one of Lido’s principal clients and, as such, one of the largest holders of stETH. The problem?…
Alan Szepieniec holds a PhD in post-quantum cryptography from KU Leuven. His research focuses on cryptography, especially the kind of cryptography that is useful for Bitcoin. Proof-of-stake is a proposed alternative consensus mechanism to the proof-of-work that Bitcoin’s consensus mechanism uses. Instead of requiring the consumption of energy, proof-of-stake requires miners (usually called validators) to put digital assets at stake…
Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Scaramucci on How to Survive Crypto Bear Market Skybridge Capital founder Anthony Scaramucci shared his bitcoin outlook and advice on how to survive the crypto market sell-off in an interview…
Stephen Thompson is a senior technical editor at LQwD Fintech Corp. He was a Bitcoin researcher and investigator at BIGG Digital Assets, carrying out Bitcoin investigations with analysis of on-chain and off-chain information. Trust is the lifeblood of all social interactions. In an environment with high levels of trust, people can make transactions in full confidence that their counterparties are…
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