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Archives by Year:
Lawsuit Claims Dfinity ICP Token is Unregistered Security
Key Takeaways California resident Daniel Ocampo has filed a new class action lawsuit against Dfinity alleging the firm violated the 1933 U.S. Securities Act. The plaintiff claims that Dfinity created ICP tokens out of thin air and sold them without filing appropriate registration. The complainant aims to seek compensation for the ICP investors the lawsuit […]
JPMorgan Lets Retail Wealth Clients Access Grayscale Products: Report
JPMorgan has become the first major bank to offer crypto access to retail wealth clients. JPMorgan Expands Crypto Access JPMorgan is doubling down on crypto. The American investment bank has allowed all of its wealth management clients access to crypto trading, Insider reported Thursday. It’s the first major U.S. bank to let all of its […]
Alabama Says BlockFi Sold Unregistered Securities
Cryptocurrency lending firm BlockFi has received a Show Cause Order from Alabama over allegations of offering unregistered securities. More Trouble For BlockFi The U.S. state of Alabama has accused BlockFi of selling unregistered securities worth $14.7 billion. Joseph Borg, director of Alabama Securities Commission (ASC) sent a Show Cause Order to BlockFi Wednesday, alleging the […]
Bitcoin, Ethereum Rise as Elon Musk Reveals Allocations
Key Takeaways Elon Musk has reiterated that he plans for Tesla to accept Bitcoin as a form of payment once it becomes more sustainable and confirmed he owns Ethereum. Bitcoin has risen over 3,000 points in reaction to Musk’s remarks. Ethereum also looks primed for a new uptrend toward $2,300. The top two cryptocurrencies by […]
Stellar’s XLM Up 14% on MoneyGram Takeover Plans
This news was brought to you by Phemex, our preferred Derivatives Partner. Stellar’s XLM token rallied 14% following rumors that the Stellar Development Foundation has expressed interest in acquiring remittance provider MoneyGram International Inc. XLM Rallies on MoneyGram Acquisition News Stellar Lumens looks to have broken out of its downward trend. The project’s native token, […]
Cardano Preparing for Web, Mobile Integration
Key Takeaways Charles Hoskinson recently revealed that Cardano’s smart contracts are now compatible with web browsers on testnet. The team ran the Plutus application backend in Javascript, the most popular web programming language. Cardano has been making moves towards the launch of smart contracts on mainnet, scheduled for September. Charles Hoskinson briefed the Cardano community […]
Goldman Sachs Says Rich Clients are Turning to Crypto
Investment bank Goldman Sachs reported the results from a survey of associated family offices, finding over half of all respondents were already investing or interested in investing in cryptocurrencies. Family Offices Turn to Crypto Family offices, the firms that manage the wealth of the world’s richest families, are increasingly looking to invest in cryptocurrencies. According […]
Twitter’s Jack Dorsey Attends B Word Conference
Key Takeaways Today, Twitter and Square CEO Jack Dorsey attended “The B Word,” a virtual online Bitcoin conference. Dorsey discussed his interest in Bitcoin and expressed hope that it will become the native currency of the internet. He discussed Square and Twitter’s efforts to promote Bitcoin development without undermining its principles. This news was brought […]
Elon Musk Confirms Tesla Will Re-Accept Bitcoin
Key Takeaways Elon Musk stated today at “The B Word” that he plans for Tesla to accept Bitcoin as a form of payment once again. He also disclosed the cryptocurrencies that he personally holds, as well as Tesla and SpaceX’s corporate holdings. Finally, he discussed the issues around Bitcoin scaling and acknowledged Starlink’s role in […]
Dogecoin Looks Primed to Enter New Rally
Key Takeaways Dogecoin has seen its market value drop by more than 77% over the past three months. The meme coin appears to be bound for an explosive rally. If buy orders continue to pile up, DOGE could target $0.34. Warren Buffett’s famous quote about being “greedy when others are fearful” seems to be alive […]
