Category Archive: Cryptocurrency, No picture
Bitcoin price pressured by whales, long-term holders, and miners: Bitfinex
Bitcoin (BTC) dropped by 4.4% last week pressured by long-term holders (LTH), whales, and miners selling their holdings, according to the latest edition of the “Bitfinex Alpha” report. The movements happened mainly through exchange sales and over-the-counter (OTC) transactions. These groups, historically known to divest during bull markets and consolidation phases, are demonstrating their market […]
SEC crypto watchdog resigns after nearly a decade
David Hirsch, the chief of the Crypto Assets and Cyber Unit for the US Securities and Exchange Commission (SEC), announced he’s leaving his role after almost nine years in a LinkedIn post. “During that time I had the opportunity to work on more complex, challenging investigations and issues than I ever imagined when I joined […]
Tether introduces its new gold-backed digital asset called Alloy
Tether announced today its new digital asset backed by Tether Gold called “Alloy.” The product was created by Moon Gold NA and Moon Gold El Salvador, both part of the Tether Group, and it merges the stability of gold with the benefits of a digital currency.The first token, aUSD₮, is pegged to the US dollar […]
Binance to list ZKsync with token distribution program amid widespread criticism
Key Notes Community criticism on the ZK airdrop stemmed from a lack of Sybil attack prevention and the alleged disproportion in distribution Binance will list the trading pairs starting 8AM UTC today, alongside a token distribution program to address the concerns The exchange’s ZK token giveaway targets users with 50+ transactions over 7 months, excluding […]
Financial advisors still figuring out Bitcoin spot ETFs, says BlackRock CIO
Despite the SEC’s landmark approval of spot Bitcoin ETFs in January, most financial advisors are still figuring out how these new instruments will fit into their client portfolios, according to Samara Cohen, Chief Investment Officer of ETFs and Index Investments at BlackRock.Cohen said currently, the main buyers of spot Bitcoin ETFs are “self-directed investors” who […]
El Salvador plans to advance Bitcoin integration into its banking system
The government of El Salvador has submitted a reform proposal to create a private investment bank. Notably, the proposed reform targets enabling the bank to conduct operations in Bitcoin and the US dollar, said El Salvador’s Ambassador to the US, Milena Mayorga, in a recent post. As part of our economic plan for El Salvador, […]
SEC slashes Ripple penalty to $102 million
The US Securities and Exchange Commission (SEC) has reduced its proposed settlement amount for Ripple from $2 billion to $102.6 million, according to a legal document dated June 14, 2024, shared by defense lawyer James Filan. #XRPCommunity #SECGov v. #Ripple #XRP @SECGov has responded to @Ripple’s letter regarding the TerraForm Labs Consent Judgment. pic.twitter.com/VvGSJffwa8 — […]
Ethereum spot ETFs to start trading July 2nd: Bloomberg analyst
The highly anticipated launch of spot Ethereum ETFs is expected to occur on July 2nd, according to Bloomberg ETF analyst Eric Balchunas.Balchunas revealed that the SEC has sent light comments on S-1 filings to ETF issuers, requesting their response within a week. This development suggests a strong possibility that the SEC will declare the ETFs […]
Bitcoin battles to maintain $65,000, but market prospect remains positive
Bitcoin (BTC) is close to losing the $65,000 price level at the time of writing, losing 2.7% in the last 24 hours. The price slump comes nearly 48 hours after the FOMC announced it would hold interest rates in the US, a decision that reflects the Fed’s focus on balancing inflation control with economic stability. […]
Ripple rejects SEC’s $2 billion fine for ‘unreasonableness’ citing Terraform settlement
A recent filing in the US District court for the Southern District of New York shows that Ripple’s legal team has submitted a notice of supplemental authority, alleging the “unreasonableness” of the SEC’s requested civil penalty.The filing was made on June 13, the same day that Terraform Labs settled a lawsuit with the SEC for […]
