Binance.US reportedly trims workforce amid regulatory woes

In the wake of recent allegations by regulators of securities law violations, Binance.US, the American branch of the global cryptocurrency titan, has initiated a round of staff cutbacks, say insiders and social media posts by employees. Binance.US, the US counterpart… дальше »

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Crypto Lender Abra Has Been Insolvent for Months, State Regulators Say

Crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday. дальше »

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US prosecutors say SBF will be tried on original 8 criminal charges — for now

DoJ lawyers said the decision came following litigation filed by the FTX co-founder in the Bahamas protesting the additional charges, which could be lengthy. дальше »

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‘Who the hell’ is Prometheum and what did it say to Congress about SEC compliance?

A testimony given at a United States House of Representatives hearing by the blockchain firm’s co-founder, Aaron Kaplan, has drawn the attention of those in the crypto space. дальше »

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XRP retreats to support after Hinman documents release hype

XRP price has dipped to near $0. 50 after jumping to above $0. 55 on Tuesday. The gains followed the eventual release of documents related to a speech by former SEC official Willian Hinman. Analysts say XRP’s spike might have been a “sell the news event” although upside potential remains if market conditions align. дальше »

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AWS experienced outages in the US, but Ethereum kept humming

Ethereum hummed along through the latest AWS outage but commentators say its reliance on Lido for staking could cause issues in the future. дальше »

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Is The Cardano Bottom In? Here’s What On-Chain Data Suggests

Cardano has observed some rise since hitting a low around the $0.23 level following the FTX collapse. However, here’s what on-chain data say about whether that was the bottom or not. Three Cardano Indicators Shot Up During Local Bottom Formation According to data from the on-chain analytics firm Santiment, three ADA metrics had surged to […] дальше »

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SEC Chair Gensler Asserts Bitcoin And Ether Are Not Securities — At A Bloomberg Conference In 2018

Gary Gensler may have refused to say if ether and other cryptocurrencies are securities in the recent past — but the now-chairman of the U.S. Securities and Exchange Commission (SEC) certainly appeared confident about their security status back in 2018. дальше »

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Crypto Community Roots For Binance Amid SEC’s Motion To Freeze Binance.US Assets

The digital asset market is under intense regulatory fire from the Securities and Exchange Commission (SEC), with Binance and Coinbase at the fore. Experts say this might only be the surface. дальше »

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Binance lawyers say SEC’s restraining order will do the damage it aims to prevent

Lawyers for Binance and related firms submitted a court filing on June 12 expressing opposition to a restraining order currently sought by the U. S. Securities Exchange Commission (SEC). Binance objects to the restraining order The SEC filed charges against Binance and related companies on June 5. дальше »

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FCA Right to Propose Stop to Marketing Crypto as ‘Inflation Resistant,’ UK Industry Members Say

A long-running industry narrative is that limited-supply cryptocurrencies like bitcoin can hold their value against inflation – similar to gold or bonds. дальше »

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Ripple vs SEC: Stakes Just Got Higher Following Binance, Coinbase Lawsuits As XRP ‘Win’ Proves Pivotal

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Nigeria’s New Crypto Tax Policy Could Set The Tone For Africa’s Positive Web3 Relationship

The country’s 2023 budget is riddled with an 11 trillion naira budget deficit and 6 trillion naira debt service cost, so it is looking for new avenues to fund its budget, observers say. Nigeria has placed a 10% tax on digital asset profits in the latest Nations Finance Act 2022 amendment. The tax will include […] дальше »

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Is Cardano a security? Lawyers have their say...

Morgan compared the development of cryptocurrencies to that of smartphones Fagel disagreed, saying that crypto is being traded exactly like any other security Pro-crypto Australian lawyer BiThe post Is Cardano a security? Lawyers have their say... appeared first on AMBCrypto. дальше »

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InQubeta, dogecoin, and polygon are cryptocurrencies for investors to consider

InQubeta, dogecoin, and polygon are cryptocurrencies that investors should explore, analysts say. QUBE presale ongoing, over $300,000 raised дальше »

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SEC can’t keep Western financial system going forever

Crypto. news’ editor Nicholas Ross Say shares his opinion on the US SEC’s recent crusade against crypto that cost the industry millions of dollars. He opines that innovation oppression won’t last forever. дальше »

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Blockchain Association members say courts will prove SEC, Gary Gensler wrong

Members of the Blockchain Association have commented on recent actions from the U. S. Securities and Exchange Commission (SEC). CEO says Gensler will be proven wrong The SEC sued Binance and Coinbase on June 5 and June 6, respectively. дальше »

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NFT Lending Is Trending, Raising Concerns of ‘Predatory’ Platform Behavior

Amid an extended crypto winter that has cooled NFT trading, platforms like Blur, Binance and Astaria have introduced new lending options to boost liquidity. While some traders support NFTfi, others say the trend is risky. дальше »

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Ethereum Staking Is Highly Centralized: How to Address the Risks?

Lido's dominance in the Ethereum staking market is problematic from the point of view centralization, say the co-founders of Asymmetry Finance. A decentralized market is critical for stability and smooth functionality, they maintain. дальше »

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U.S. SEC Enforcement Could Boost Europe's Crypto Chances, Officials Say

EU officials are hoping to tempt crypto innovators as Binance and Coinbase complain of regulation by enforcement in the U.S. дальше »

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Crypto Needs to Be Private by Default, Some Consensus 2023 Guests Say

Participants at Consensus 2023 describe the tension between the need for privacy, transparency and regulation in crypto and DeFi in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report. дальше »

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Optimism Completes ‘Bedrock’ Hard Fork, in Pursuit of Superchain

Developers behind the layer-2 scaling solution for Ethereum say the upgrade will reduce gas fees and cut deposit confirmation times. дальше »

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Industry Should Guide Crypto Regulation, Says Managing Partner of Cummings Pepperdine

Claire Cummings, managing partner at Cummings Pepperdine, believes the industry does not have enough say when it comes to drafting, enacting, and enforcing crypto regulation. The post Industry Should Guide Crypto Regulation, Says Managing Partner of Cummings Pepperdine appeared first on BeInCrypto. дальше »

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Bitcoin traders bet on $24K BTC price as market digests SEC vs. Binance

Bitcoin is looking ripe for a trip to its lowest levels since March, say market participants, with BTC price action staying below $26,000. дальше »

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A bullish breakout possible for Ethereum? The indicators say…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Ethereum [ETH] recorded gains of 2.8% in theThe post A bullish breakout possible for Ethereum? The indicators say… appeared first on AMBCrypto. дальше »

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Increasing number of divorce proceedings involve crypto

Lawyers say they are seeing an increasing number of divorce settlements featuring digital assets.

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Bitcoin, Crypto Prices Brace for Downturn in Coming Liquidity Shock, Observers Say

Improving liquidity conditions so far this year has lifted risk assets such as cryptocurrencies, but the trend is poised to turn once the U.S. debt ceiling is lifted and the Treasury along with the Fed resumes tightening, analysts said. дальше »

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5 Years After the $500K Ethereum Wager Between Joe Lubin and Jimmy Song, Who Won?

The bet made at Consensus 2018 hinged on how far Ethereum adoption would get by now. Crypto analysts say the blockchain appears to have met a key threshold, or at least got very close. дальше »

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U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors Say

Lawyers for the disgraced exchange executive filed pre-trial motions in early May to dismiss most of the charges on technicalities or procedural issues. дальше »

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Lawmakers say Russia won’t develop state-owned crypto exchange

Russian lawmakers have opted not to continue with plans to develop a state-owned crypto exchange. дальше »

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Can this AI Crypto Gem live up to GameFi Projects like Axie Infinity or The Sandbox?

Blockchain games have been a good investment since their inauguration. Normally are embedded with the Non-Fungible Token ecosystem and have a say in the moderation of attracting various users in the global space. дальше »

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Forget the US, crypto is poised for great success in Asia

As the crypto industry continues to grapple with an increasingly tough regulatory landscape in the US, Asia is stepping in as the desired destination. The trend is one that could see the region play an integral role in crypto’s innovation and ultimate adoption, experts say. дальше »

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A banking crisis will have these effects on Bitcoin, Ethereum investors

Over the last few months, there have been multiple cases of banks and financial institutions collapsing. Needless to say, this has contributed to FUD in traditional and crypto-markets. Is your poThe post A banking crisis will have these effects on Bitcoin, Ethereum investors appeared first on AMBCrypto. дальше »

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Lawyers Challenging U.S. Tornado Cash Sanctions Say Free Speech Is at Stake

Open source software isn’t property, and current sanctions laws are ill-equipped to handle this, lawyers argue. дальше »

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Excavating the Truth Around the Bitcoin Mining Discourse

Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked the plant and its continued operation, we found the opposite. дальше »

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'Chinese Ethereum’ Conflux Draws Spotlight as Hong Kong Welcomes Retail Traders

CFX tokens initially spiked in price after Hong Kong’s decision on retail investors, which some say could lure capital from Chinese investors. дальше »

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Consensus Survey: TradFi Investors Remain Bullish on Crypto’s Long-Term Prospects

Despite the market turmoil of the last six months, investment managers say they largely plan to keep putting capital into digital assets, our survey finds. дальше »

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Here’s What The Metrics Say About Polygon’s (MATIC) Uptrend

The price of Polygon (MATIC) and other notable crypto assets has been experiencing some volatility recently.  The fluctuations present in the MATIC market can present traders and investors with profit-earning opportunities. дальше »

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Come in and Register? These Firms Say They Found an SEC-Friendly Crypto Path

The beginnings of a fully compliant U.S. crypto infrastructure may be forming on the industry’s fringes as a watchdog backed by the Securities and Exchange Commission (SEC) quietly issues significant approvals for companies trying to stick to the securities rulebook. дальше »

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Core Scientific Hopes to Emerge from Bankruptcy by September, Lawyers Say

Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing the crypto miner's bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans to emerge from Chapter 11 bankruptcy. дальше »

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U.S. Debt Deal Could Weigh On Bitcoin Price, Some Say

Per Observers, U.S. Treasury's efforts to build back cash balances post-debt deal will suck out the dollar liquidity from system, pushing bitcoin lower. дальше »

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UK Will Need New Laws to Accommodate Future Digital Pound, Lawyers Say

Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law. дальше »

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Biden says he won’t agree to debt deal that protects crypto traders

US President Joe Biden has called on the Republican lawmakers to drop the extreme position they currently hold in order to help the country reach a deal in the ongoing debt ceiling talks. He also had something to say about cryptocurrency. дальше »

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Interview: Valuations & venture capitalism in the crypto space – Fineqia International

Over the last few years, investing in digital asset companies has been turbulent, to say the least.   There was the inexorable rise of 2020 and 2021, when crypto wrestled itself into mainstream consciousness. дальше »

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Experts Predict What Will Happen to Bitcoin and Stablecoins if US Defaults

Experts say a U.S. debt default could be bullish for Bitcoin and bearish for stablecoins. The post Experts Predict What Will Happen to Bitcoin and Stablecoins if US Defaults appeared first on BeInCrypto. дальше »

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Upland believes community cohesion drives blockchain adoption

By coming together, joining hands and working on projects, Upland community members say this can accelerate blockchain and metaverse adoption дальше »

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Ripple CEO points to regulatory confusion as US crypto firms seek growth elsewhere

Ripple CEO Brad Garlinghouse said U. S. crypto firms are increasingly focused on foreign jurisdictions due to the challenging regulatory landscape domestically. “I think it’s fair to say the U. дальше »

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Regulators Should Not 'Front-Run' Congress on Stablecoins

The House has made it clear that passing a stablecoin bill is a top priority. Regulators – like the SEC – shouldn’t get ahead of the legislative process, say Bain Capital’s Tuongvy Le and Khurram Dara. дальше »

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Should you “sell in May and go away?” Here’s what crypto experts say

With Bitcoin’s price struggling for momentum and the cryptocurrency industry still navigating the impact of a brutal bear market, many investors and traders are wondering whether they should “Sell in May and Go Away. дальше »

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Florida’s DeSantis Waging Toothless Campaign Against Digital Dollars, Lawyers Say

The state-level campaign against a U.S. digital dollar made its first foray into established law with Governor Ron DeSantis’ signature on Florida’s effort to block the use of virtual government-backed money in business transactions. дальше »

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