Top investor Cathie Wood has said that Coinbase could come out a winner following the U.S. Securities and Exchange Commission’s latest crypto crackdown. The CEO and CIO of Ark Invest slammed the SEC in a Thursday Bloomberg interview and claimed that Coinbase would ultimately benefit from the regulator going after Binance, the world’s biggest crypto exchange. On Monday, the SEC…
A so-called “epidemic of loneliness” is sweeping through people, no doubt exacerbated by the COVID-19 pandemic—enough so that the U.S. Surgeon General recently called out the impact of isolation and deteriorating relationships on adults. Could Web3 somehow help reverse the trend and play a part in facilitating more real-world connections? That’s the aim of PairedWorld, a new crypto-fueled project developed…
Stablecoin issuer Circle has loaded its arsenal to fight the ongoing regulatory crackdown on crypto. By July 1, the role of chief legal officer and head of corporate affairs will be filled by Heath Tarbert, a top attorney with a background in all three branches of the United States government. According to a June 8 announcement, Tarbert has served in…
Bitcoin (BTC) price lost steam after a failed retest of the $27,400 resistance on June 6, signaling that investors became less confident after the recent regulatory actions by the U.S Securities and Exchange Commission against Binance and Coinbase. Both exchanges are being sued on multiple counts, including failure to register as licensed brokers and offering unregistered securities. The SEC might…
The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to allow customers to withdraw their crypto and fiat. The U.S. Treasury’s Office of Foreign Asset Control (OFAC) is Bittrex’s biggest creditor, but its claim would be subordinated under the Bittrex proposal. Bittrex was charged in October by both OFAC and…
Recent years have brought rapid innovations to artificial intelligence (AI) technology. AI is now found in a host of different industries, and more and more companies are experimenting with incorporating AI systems into their business operations in order to increase efficiency, broaden reach, or expand their range of products and services. Further, AI has never held a more prominent place…
Bitcoin keeps the market guessing over how it will treat the 200-week moving average at $26,500. Source: https://cointelegraph.com/public/index.php/news/bitcoin-traders-weigh-next-move-with-btc-price-at-crucial-200-week-trendline
Crypto investment firm Galaxy Digital is accelerating plans to move its operations offshore in the wake of the SEC’s crypto crackdown. Speaking at Piper Sandler’s Global Exchange & Fintech Conference Wednesday, Galaxy Digital CEO Mike Novogratz said that, “Companies like ours are looking at how fast we can move people offshore.” He added, “The regulatory environment has made institutional crypto…
Binance may have misled lawmakers in the United States about its business dealings and relationship with its local unit in a letter sent in March, Bloomberg reported on June 8. In a letter sent to United States Attorney General Merrick, senators Elizabeth Warren and Chris Van Hollen asked the Justice Department to investigate whether Binance made a false statement to Congress…
Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests. In a tweet on June 8, on-chain analytics firm Glassnode revealed some surprising conclusions about who is now using Bitcoin. BTC supply moves to Asia The past year has seen some seismic shifts in where Bitcoin is held and traded. In its latest analysis of the…
