After just two days, livestreaming platform Twitch is reverting back to its previous rules banning “artistic” and “fictional” nudity, with CEO Dan Clancy writing Friday that some streamers took the newly loosened rules too far. “Some streamers, in response to this update, created content that was in violation of our new policy. We’ve worked quickly to remove that content and…
Bitcoin’s (BTC) rally has been taking a breather for the past few days but its strong rally in 2023 has not gone unnoticed. A survey of United States financial services companies by crypto firm Paxos showed that 99% of the firms were putting as much or more focus on crypto projects this year as compared to previous years. Analysts are…
The Securities and Exchange Commission (SEC) has held a new round of discussions with asset managers proposing a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, this time with officials from Gary Gensler’s office participating in the meetings. Based on court filings, the regulator received representatives from BlackRock on Dec. 14 to discuss the proposed rule change that…
Strategically navigating the cryptocurrency market when it surges isn’t just a skil. It’s an art. Volatility is constant. Volatility measures the price movements of assets and demands a sophisticated approach from players in the market. Similar to the ebb and flow of tides, it can be navigated strategically. Decoding the dynamics of market surges Bitcoin (BTC) peaked at $69,000 during…
Coinbase Chief Legal Officer Paul Grewal today said the cryptocurrency exchange plans to take the SEC to court once again—this time to challenge the Commission’s denial of the company’s rulemaking petition. The U.S. Securities and Exchange Commission today denied a petition by Coinbase to clarify new crypto rules for the digital assets industry. America’s biggest cryptocurrency exchange last year filed a…
The United States Securities and Exchange Commission (SEC) has denied a Coinbase petition for a rulemaking on transactions with cryptocurrencies that are securities. Coinbase filed the petition in July 2022 and pushed steadily for a response. SEC chair Gary Gensler announced the commission’s decision in a Dec. 15 statement. He gave three reasons for denying Coinbase’s petition, which requested “rules…
Ethereum scaling network Arbitrum reported a “partial outage” Friday, bringing activity on the Arbitrum One blockchain to a standstill for the first time since June. Offchain Labs, the company that developed Arbitrum, announced that the network stalled at 10:29 am EST Friday due to “a significant surge in network traffic.” The company says it is currently investigating the issue, which…
Ethereum layer-2 network Arbitrum One has experienced a partial outage, according to an alert on the network’s official status website. The sequencer “stalled” at 10:29 am ET (13:29 UTC) during a “significant surge in network traffic,” according to the alert. Arbitrum’s block explorer, Arbiscan, shows that some blocks are being produced. However, they appear to be only processing two transactions…
Nonprofit ethics group Campaign for Accountability (CfA) has doubled down on its money laundering claims against Circle, publishing a new open letter on Dec. 14 claiming that the USDC issuer is facilitating the funding of terrorist organizations. NEW: This morning, CfA sent a letter to @SenSherrodBrown and @SenWarren highlighting incomplete & misleading information shared by stablecoin-issuer Circle in response to…
Bitcoin (BTC) is likely to reach $1 million in the “days to weeks” following the approval of a spot BTC exchange-traded fund (ETF), according to JAN3 CEO Samson Mow. “You’re hitting a very limited supply of Bitcoin on the exchanges and available for purchase with a torrent of money,” Mow said, referring to the inflow of institutional capital that is…
