Top Stories This Week U.S. SEC sues Binance and Coinbase amidst crypto crackdown Binance and Coinbase have been targeted in a new round of lawsuits by the U.S. Securities and Exchange Commission (SEC) against crypto businesses. The regulator pressed 13 charges against Binance on June 5, including those involving unregistered offerings and sales of tokens, …
Monthly archives: June 2023
Latam crypto holders flock to Bitget following Binance, Coinbase suits
The number of Bitget users in Latin America increased by 43% from June 6 to June 9, along with a 134% increase in deposits. News Join us on social networks Crypto exchange Bitget has seen a surge in new accounts in Latin America following lawsuits by United States regulators against major competitors Binance and Coinbase. …
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Five Cryptos Worth Buying in the Current Market Crash: WSM, Aidoge, Solana, Cardano, and BNB
In 2023, the crypto market went down, which is why it is called a crypto winter. Nevertheless, you can buy top cryptocurrencies such as Solana […] Go to Source
$5,610,000,000 Fund Manager Says More US Bank Failures Incoming, Warns Liquidity and Liability Crisis Boiling Under the Surface
The chief executive of a $5.61 billion private investment firm warns the crisis in the banking sector is not yet over. In a new Bloomberg Invest interview, Soros Fund Management CEO Dawn Fitzpatrick says that more bank failures are in sight as she believes the embattled sector is still flashing red flags under the hood. …
Ethereum Competitor Solana Witnesses 86% Increase in Monthly Active Addresses in May: Crypto Data Firm Nansen
Ethereum (ETH) competitor Solana (SOL) witnessed an explosion in on-chain activity last month, according to the crypto data firm Nansen. Nansen notes that Solana’s monthly active address count surged by 86% in May, reaching a total of 9.5 million addresses, which ranks third among all chains. According to Nansen, active addresses refer to the number …
Terra Founder Do Kwon Allegedly Moved $29,000,000 in Crypto Away From Luna Foundation Guard After Arrest: Report
Disgraced Terra (LUNA) founder Do Kwon reportedly relocated tens of millions of dollars worth of crypto away from a Luna Foundation Guard wallet after his arrest in March. South Korean prosecutors, who are trying to track down the missing trove of digital assets, say it’s likely Kwon either personally moved $29 million in crypto or …
TrueUSD stops minting via Prime Trust, loses dollar peg
The recent depeg comes as TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice. News Join us on social networks Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology partner Prime Trust. The fifth-largest stablecoin …
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U.S. Justice Department Charges Two Russian Nationals for Involvement in Infamous Mt. Gox Crypto Exchange Hack
The U.S. Department of Justice (DOJ) is charging two Russian nationals for their alleged involvement in the infamous hack of defunct crypto exchange Mt. Gox. In a new press release, the DOJ says that it is charging two Russian citizens – 43-year-old Alexey Bilyuchenko and 29-year-old Aleksandr Verner – for allegedly conspiring to launder hundreds …
Nigeria regulator halts Binance operations: Report
According to Nigeria’s securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal. News Join us on social networks It has been a tough week for cryptocurrency exchange Binance. On June 9, Nigeria’s securities authority reportedly deemed the exchange illegal, just days after Binance was sued by the U.S. Securities …
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Op-ed: Why the SEC should never touch crypto again [Part 2]
In the first part of this series, I discussed the U.S. Securities and Exhange Commission’s recent charges against Coinbase and Binance, their inability to properly regulate the crypto industry, the history of digital assets in the congressional record, and the significant decline in the mentions of digital assets by the U.S. Government. For this part, …
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Gas usage for stablecoins, NFTs on Ethereum continues decline
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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SEC’s legal battles with Binance, Coinbase could reshape the crypto landscape
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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Bitcoin, Ethereum, Tether dominance rises as cybersecurity & fan tokens defy markets
Bitcoin dominance is rising as crypto investors attempt to decipher the impact of the recent SEC lawsuits against Coinbase and Binance. Investors appear to be converting tokens proposed as securities by the SEC into less disputable assets such as Bitcoin. Crypto dominance Since the lawsuits were filed on June 6, the total market cap of the …
Users Can’t Trade These Three Tokens on Robinhood Anymore
As SEC’s crackdown on cryptocurrency exchanges and cryptos is getting more vicious, companies are stepping back from their crypto support as well. The latest report […] Go to Source
One Social Metric Flashes Bullish for Crypto Amid the Market Downturn, According to Analytics Firm Santiment
Blockchain analytics platform Santiment says one key metric is flashing a signal that suggests a crypto market reversal is on the horizon. Santiment says that discussions using certain crypto terms on social media platforms are rapidly cooling off, indicating that the latest market dip may be close to reaching a bottom. “Crypto discussion rates across …