Crypto Market News

Last week was marked by several interesting events.   The main one is that the judge ruled that XRP is not a security in the SEC case against Ripple. Judge Analisa Torres partially ruled in favor of the company in a case brought by the U.

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Ark Invest liquidates Coinbase shares, buys Robinhood & Meta shares

Ark Invest, the investment management company run by Cathie Wood, has sold some of its holdings in Coinbase as the stock price approaches a 52-week high. Ark Invest sold off a portion of its Coinbase shares holdings for millions of dollars twice this week after buying them during the bear market.

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Google hit with lawsuit over new AI data scraping privacy policy

A week after Google updated its privacy policy to allow data scraping for AI training purposes, the company faces a class-action lawsuit.

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Binance Feels Strain of World’s Regulators Leaping Into Action

Australian officials directly sought out current and former employees of Binance’s operation there this week, demanding copies of internal communications and data from their personal devices, according to a person familiar with the government’s move against the leading crypto exchange, which marked the latest in a pile-up of legal troubles facing the company.

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Top Binance Execs Leave Company Over CZ’s Handling of DOJ Investigation: Report

Three senior officials left the exchange this week, a source told Fortune.

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Ledger Launches Institutional Trading Platform

Ledger, a crypto hardware wallet manufacturer, is launching an institutional trading platform. This move comes only a week after the company released the white paper for its upcoming seed recovery tool.

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Coinbase CEO sold big chunk of company shares a day ahead of SEC complaint

Brian Armstrong sold over 29,000 shares ahead of SEC lawsuit. Fox Business journalist says the sale was perfectly legal. Coinbase shares are currently down 35% versus their YTD high. Shares of Coinbase Global Inc were hit hard this week after the SEC sued the crypto exchange.

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“Fight between freedom and authoritarianism” Crypto pros defend Binance

The biggest crypto news this week was the decision by the Securities and Exchange Commission (SEC) to sue Binance and Changpeng Zhao. As we wrote here, the SEC filed 13 charges, accusing the company of operating an unregulated exchange in the US and offering unregistered securities.

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What does Binance leaving Canada mean for the crypto industry?

Key Takeaways Binance has become the latest crypto company to depart Canada amid regulatory concerns Canada is a small market but US regulators have also clamped down severely  The move by Binance amplifies the growing concern within the industry that crypto will have no choice but to move offshore Another week, another story of regulatory […] The post What does Binance leaving Canada mean for the crypto industry? appeared first on CoinJournal.

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Solana aims to grow 100x through small business, infrastructure partnerships

Solana co-founder Roj Gokal said in a May 29 interview with TechCrunch that his company aims to grow 10 to 100 times, primarily through small business and infrastructure partnerships. Solana has a small business focus Gokal said in the interview: “[Solana wants partners] that can move, push releases and experiments and measure every week rather […] The post Solana aims to grow 100x through small business, infrastructure partnerships appeared first on CryptoSlate.

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This Week in Crypto: Ripple’s Damning SEC Evidence, and Ledger’s Co-Founder Speaks Out

The past seven days saw investors warned about the SEC's latest securities threats, Ripple notch a minor victory, and former Ledger boss slam the company's recent PR nightmare. The post This Week in Crypto: Ripple’s Damning SEC Evidence, and Ledger’s Co-Founder Speaks Out appeared first on BeInCrypto.

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Bitcoin Payments Firm Strike’s Headquarters to Stay in U.S., Despite New El Salvador Office

The company established a headquarters in El Salvador for its global entity as it expanded its app to more than 65 countries last week.

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Gemini accuses parent company DCG of not paying $630 million dues

Gemini has said that its parent company DCG has failed to pay $630 million, which was due last week. The exchange stated that it is working with Genesis, DCG, and creditors to offer forbearanceThe post Gemini accuses parent company DCG of not paying $630 million dues appeared first on AMBCrypto.

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What does Binance leaving crypto mean for the crypto industry?

Key Takeaways Binance has become the latest crypto company to depart Canada amid regulatory concerns Canada is a small market but US regulators have also clamped down severely  The move by Binance amplifies the growing concern within the industry that crypto will have no choice but to move offshore Another week, another story of regulatory […] The post What does Binance leaving crypto mean for the crypto industry? appeared first on CoinJournal.

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Coinbase to Open Derivatives Exchange in Bermuda Next Week

Coinspeaker Coinbase to Open Derivatives Exchange in Bermuda Next Week Coinbase received its license to operate in Bermuda on April 19th. The action was taken to keep up with the company's campaign for "global scale to go broad and deep".

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Interactive Brokers’ chairman on bitcoin: ‘it’s worth nothing but I own some’

Thomas Peterffy owns bitcoin for an unusual reason. He says crypto activity at IBKR has been very slow. BTC is trading well below the $30,000 level today. Interactive Brokers – a financial services company that enables 24/7 trading of bitcoin reported weaker-than-expected earnings for its first financial quarter this week.

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The Future of Gaming: $MBLK IDO Launches This Week

Dubai, United Arab Emirates, April 12th, 2023, Chainwire ZOGI Labs, the innovative blockchain company and gaming studio behind the phenomenal MMORPG Legends of Bezogia, is excited to announce that the Magical Blocks ($MBLK) Initial DEX Offering (IDO) is only 2 days away, starting at 5pm UTC on April 14th.

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Cathie Wood grills Hindenburg for ‘wildly misleading’ investors and buys Block shares

Wood says Hindenburg’s recent short report on Block was ‘wildly misleading’. She bought more than 600,000 shares of the crypto company late last week. Block shares are down well over 30% versus their year-to-date high at writing.

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Capital outflows, stablecoin drama and realized loses – new Glassnode data on a crazy week in crypto

This week’s on-chain data report by the analytics company Glassnode looks into three major events — the depegging of the USDC stablecoin, net capital outflows and futures open interest data.

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Binance Hackathon Winner Accuses the Company of Copying His AI-to-NFT Platform

A Binance Hackathon winner has accused the exchange of ripping off the idea of its AI-NFT platform after it revealed 'Bicasso' this week. The post Binance Hackathon Winner Accuses the Company of Copying His AI-to-NFT Platform appeared first on BeInCrypto.

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Grayscale to Argue SEC’s Inconsistency as Bitcoin ETF Dispute Heads to Court

Grayscale says it’s preparing to argue in court next week that the Securities and Exchange Commission (SEC) inappropriately treated its bitcoin exchange-traded fund (ETF) bid differently than earlier decisions on futures ETFs, according to the company’s legal team.

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Voyager found dumping its ETH, USDC and SHIB each week

Arkham Intelligence has revealed that Voyager Digital has been selling off large amounts of its crypto holdings on a weekly basis. The company filed for bankruptcy last July. Voyager Digital, one of the countless victims of Three Arrows Capital (3AC)…

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Ethereum’s Vitalik Buterin Makes Second Trip to Zambia, Sparking Hope For Immense Crypto Adoption

Ethereum co-founder, last week, arrived in Zambia for a continuation of efforts to make the Southern African nation a hub for crypto. In the company of Vicky Coleman, Yoseph Ayele, and other top Ethereum executives, Vitalik met with the special assistant to the Zambian president, Jito Kayumba, to discuss pathways for boosting crypto development in […]

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SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s Digest, Feb. 12-18

Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company.

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W3E announces a new series of Web3 Esport tournaments

W3E, the Web3 esports organizer that hosted the world’s first live Web3 esports tournament at Istanbul Blockchain Week 2022, recently announced a series of three tournaments, W3E Creator Championships, W3E Company Clash and W3E Premier League, to keep up the excitement around Web3 esports.

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Wyre announces the lifting of its 90% withdrawal limit policy 

Blockchain-based payment transfer company Wyre immediately lifted the 90% withdrawal limit policy. It lasted for one week. Wyre just announced that it’s resuming normal operations effective immediately.

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Crypto Brokerage Blockchain.com Lays Off 28% of Workforce as Industry's Cruel Winter Continues

The company is shedding 110 staffers in a bloody week of layoffs across the crypto sector.

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These Altcoins Will be Hammered if Grayscale Needs to Liquidate

All eyes are on Grayscale and DCG this week as pressure on the parent company mounts and fears of an altcoin trust liquidation grow. The post These Altcoins Will be Hammered if Grayscale Needs to Liquidate appeared first on BeInCrypto.

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Kevin O’Leary: Binance is an unregulated monopoly

The U. S. Congress held a second hearing this week to examine the effects of FTX’s bankruptcy. The company went bankrupt in November, shocking the sector and fueling criticism of Washington’s lax regulation.

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XRP Army Gleeful As Rumors Of SEC’s Lawsuit Against Ripple Wrapping Up Next Week Swirl

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Zipmex asks for extended creditor protection amid talks of a potential takeover

Embattled Asian crypto exchange, Zipmex, said it is still in talks with an investor seeking to take over the company. According to an anonymous source, the takeover negotiations might be finalized as early as the coming week. The creditor protection…

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New FTX CEO John Ray’s statement on bankruptcy case tells tale of an unmitigated disaster

FTX’s fall from grace this week culminated in the company filing for Chapter 11 bankruptcy on November 11. The post New FTX CEO John Ray’s statement on bankruptcy case tells tale of an unmitigated disaster appeared first on CryptoSlate.

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Bitcoin flows out of exchanges marketwide following FTX collapse

Events of the past week have been absolutely crippling for Bitcoin. FTX’s collapse presents as the most impactful insolvency of a centralised company in the crypto space since the demise of Mt Gox in 2014.

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Revisiting MicroStrategy's Pain Points as Bitcoin Tumbles

This week's plunge in the price of bitcoin again raises questions as to whether Michael Saylor will at some point be forced to sell some or all of his company's vast holdings.

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Mark Zuckerberg’s Meta Lays Off 11,000 Employees

Facebook’s parent company Meta has announced today that the firm is cutting down 11,000 workers, in what could be the biggest layoff in the US this year. Meta Fires 11,000 Employees, Zuckerberg Describes Change As “Most Difficult” In Company History Last week, reports surfaced that the megacompany Meta is planning to sack a large number […]

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Solana-powered sports wagering platform BetDEX to launch ahead of World Cup

BetDEX Labs, the company behind BetDEX, a new sports betting exchange for peer-to-peer wagering, this week announced that the BetDEX Exchange will officially launch on the Solana mainnet on Thursday, November 17th, which coincides with the beginning of the 2022 World Cup.

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Meta Said To Announce ‘Large-Scale’ Terminations Next Week – Its Metaverse Project Doomed?

Meta, the parent company of social media giant Facebook, continues to decline requests for comments after its plans for a massive workforce reduction set to be announced next week leaked and became the subject of conversations over the internet on Monday.

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Meta Prepares Large-Scale Layoffs as Metaverse Interest Cools Off

Facebook parent company Meta is planning to shed a large portion lot of staff beginning this week. It's the latest tech giant to lay off employees, following Twitter last week. The post Meta Prepares Large-Scale Layoffs as Metaverse Interest Cools Off appeared first on BeInCrypto.

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Ripple Gains New Allies Against the SEC, Improving XRP Price Forecast 

Last week was an eventful one for Ripple as the San Francisco-based company saw its allies grow in the lawsuit against the US Securities and Exchange Commission (SEC), leading to speculation that the XRP might finally break out.

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Dogecoin Wavers As Twitter Reportedly Shelves Plan To Build A Crypto Wallet

Twitter has reportedly shelved plans to build a crypto wallet, amplifying Dogecoin losses after a bountiful bull run last week. According to a report by tech blogger Casey Newton, the decision to set aside the wallet was part of the company’s restructuring plan initiated by its new owner Elon Musk. “A recently revealed plan to […]

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This week in crypto: Instagram adds support for Polygon-powered NFTs

Meta announced this week that it would soon allow Instagram users to mint and sell Polygon-powered nonfungible tokens (NFTs). Instagram users to mint and sell NFTs Meta, Facebook’s parent company, announced this week that Instagram users would soon be able to mint and sell NFTs on the social media platform.

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Elon Musk bought Twitter: the main thing about this amazing deal

On October 27, Elon Musk closed the deal to buy Twitter. Everything about this deal is amazing: a week before the first news about it, Musk said that he would not buy the company, as well as manage it — according to him, it would be a headache.

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Twitter Announces New Feature ‘NFT Tweet Tiles’

It’s a hectic and non-stop week for Twitter, as the social media platform counts down it’s final days as a publicly-traded company on the heels of the Elon Musk-led private acquisition. However, the platform’s development team is seemingly still full steam ahead, and has announced a new feature in testing around NFTs on Thursday. Let’s […]

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Google Unveils New Blockchain Node Engine

Google is rolling out a new blockchain node engine for web3 devs this week, according to a press release on Thursday. This latest initiative from the powerhouse tech firm reflects a continued investment into web3 infrastructure, and looks to be another stepping-stone ‘win’ for the company in building goodwill with web3 developers. What It Is […]

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Meta Stock Falls As Metaverse-Driven ‘Reality Labs’ Posts $3.7B Loss

No one said the shift to web3 would be easy. That’s certainly the sentiment at Meta, which saw drops in sales and profits in their quarterly earnings announcement this week. Reality Labs, the tech-driven division of the company that is focused on VR and AR hardware and software and other metaverse-related verticals, posted a loss […]

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Binance Coin Buying Volume Up – Will This Push BNB Up To $275 Level?

Binance Coin (BNB) had an opportunity for a price rally last week after its parent company finally completed the scheduled token burn for the third quarter of the year. BNB price slightly corrected after going up by almost 4% following the latest burning of Binance tokens Binance established $260 as its support level The altcoin might fall to $250 before continuing its price rally With that, the total number of burned (destroyed) BNB tokens reached 2,065,152, which is worth over $563 million.

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Bankrupt Crypto Lender Celsius’ Rocky Year Just Got Worse With Departure Of Yet Another Senior Exec

After now-former CEO of Celsius Alex Mashinsky stepped down from his position last week, co-founder of the cornered crypto lender S. Daniel Leon has also resigned. This comes as the company readies to auction off its remaining assets.

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Friedman, Former Tether’s Auditing Firm, Faces Over $1.6 In Penalty By SEC

The U.S. Security and Exchange Commission (SEC) sued and set charges of 1 million USD as a monetary penalty against Friedman LLP, the former auditing firm of Tether. Although the stablecoin issuer Tether hired the same auditing company from May 2017 to January 2018, the case filed last week does not count it. It has […]

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Revolut Fell For Social Engineering Attack, Data From 50K Users Exposed

It was Revolut’s turn. Another day, another data breach in the crypto world. About a week ago, someone inside the company’s headquarters fell for a scam. According to Revolut, the social hackers only had access to the data “for a short period of time.

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