Moody’s downgrades Coinbase citing ‘uncertain magnitude’ of SEC charges

Meanwhile, financial services firm Berenberg Capital told Cointelegraph that it viewed Coinbase shares as “uninvestable” in the near term. News Join us on social networks Credit ratings agency Moody’s has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action against the crypto exchange for allegedly operating as an unregistered securities …

Binance US’ Banking Partners To Suspend USD Withdrawals By June 13

Binance US has announced that its banking partners plan to suspend USD withdrawal channels as soon as June 13, 2023.  The crypto exchange will suspend USD deposits today and will delist USD pairs next week.  Binance US is encouraging its customers to take “appropriate actions” with their USD.  The exchange has assured that it will …

Exodus sees Q1 revenue drop to $13M but reports high customer loyalty

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 …

SEC’s Controversial Classification of Crypto Assets as Securities Raises Concerns and Highlights Flawed Understanding

In recent months, the Securities and Exchange Commission (SEC) has made unilateral claims regarding the classification of certain crypto assets as securities in unrelated lawsuits. […] Go to Source

Collapse of US Dollar Dominance Will Be Accelerated by ‘Irresponsible’ Debt Ceiling Deal: Ron Paul

America’s “Fiscal Responsibility Act” will hasten a collapse of the US dollar and force Americans to take the brunt of its fallout, according to former Congressman Ron Paul. In a new statement, Paul says that the deal, which suspends the US government’s debt ceiling for two years, will be felt by regular citizens in the …

Pro-Bitcoin DeSantis tagged over AI-faked photos in Trump smear campaign

The images depicting Donald Trump cuddling up to and kissing Anthony Fauci were labeled as being AI-generated on Twitter’s disinformation alert feature. News Join us on social networks Pro-Bitcoin (BTC) presidential bidder Ron DeSantis has been tagged for apparently using artificial intelligence-generated images in an ad campaign smearing rival and former president Donald Trump. It …

Crypto Custodian BitGo Set To Acquire Rival Prime Trust

Crypto custodian BitGo has reached a preliminary agreement to acquire rival firm Prime Trust.  The deal, whose terms remain undisclosed, is subject to regulatory approval.  Prime Trust’s Nevada Trust Company will join BitGo’s existing global network of regulated trust companies in multiple jurisdictions.  If approved, the deal would see Prime Trust’s infrastructure map over 1:1 …

Coinbase to Offer Institutional-Sized Bitcoin and Ethereum Futures

Coinbase, the crypto exchange giant, has announced today its launch of Bitcoin and Ethereum futures contracts focusing on institutional investors. In a series of statements, the CEO of Coinbase, Brian Armstrong, revealed that new offerings are available from June 5 on Coinbase Derivatives Exchange, Coinbase’s CFTC-regulated futures exchange. “BTI and ETI futures, sized at one …

Circle USDC Deployed On Arbitrum Network

Circle, the leading stablecoin issuer, has announced its plan to deploy its native token USD Coin (USDC) on the Arbitrum network. The Arbitrum Foundation also confirmed this deployment in a recent statement. This strategic decision aims to enhance liquidity and streamline cross-chain transfers, revolutionizing the user experience. USDC Debut On Arbitrum Ethereum layer 2 scaling …

Bitcoin Price Defies Gravity But Here Is Why It Could Decline Again

Bitcoin price is consolidating above the $26,000 support. BTC could start another decline if it stays below $27,400 for a long time. Bitcoin is struggling to gain pace for a move above the $27,400 resistance. The price is trading near $26,500 and the 100 hourly Simple moving average. There was a break above a declining …

Coinbase CEO Faces Allegations Of Insider Trading In $1.7 Million Stock Sale

The recent allegations of insider trading against Coinbase CEO Brian Armstrong have raised concerns among investors and industry experts. Armstrong sold nearly 30,000 shares of his company worth over $1.7 million just two days before the Securities and Exchange Commission (SEC) initiated enforcement action against Coinbase. Coinbase Investors Question CEO’s Stock Sale Prior SEC Complaint …

Crypto.com’s CRO Firm Despite SEC Lawsuit Fears, Time To Watch The Token?

CRO, the native token of the Cronos blockchain, an open-source, interoperable, and Cosmos-based platform, a centralized crypto asset exchange, is steady despite some community members fearing that the United States Securities and Exchange Commission (SEC), the primary securities regulator in that country, could soon target Crypto.com, the crypto exchange and developer of the blockchain. CRO …

MATIC Price Shows Bullish Formation – What’s Next?

MATIC has experienced a downward trend over the past few months, but there is a possibility of a reversal. In the last 24 hours, the altcoin attempted a slight 0.2% increase, but the weekly chart showed a 13% depreciation, indicating a strong bearish dominance from a technical standpoint. Both demand and accumulation indicators were negative, …

Bitcoin Forms Bullish Butterfly Pattern, Targets $32,000

Bitcoin (BTC), the largest cryptocurrency in the market, is currently trading sideways after showing signs of recovery in the wake of the Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase.  Although BTC managed to briefly recover the $27,000 level on Tuesday, it has failed to consolidate above it and is now stuck in …

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