Category : Bitcoin.com

Bitcoin.com

Judge Upholds Confidentiality of FTX Customers’ Identities, Citing Security Concerns

In the FTX bankruptcy case, the presiding judge John Dorsey has ruled to maintain the confidentiality of individual customer identities, according to a recent decision on Friday. Dorsey emphasized the importance of safeguarding these clients, express...

Smart Contract Tokens and Defi Sector Suffer Steep Losses, Threatening TVL to Fall Below $40 Billion

The overall value of the crypto economy has dropped by more than 5% against the US dollar in the past 24 hours, with the top smart contract token sector losing more than 8% in the same time frame. The downturn has also affected the decentralized fina...

Biggest Movers: ADA, MATIC Plunge by Nearly 25%, Following Robinhood Delisting

Cardano fell by over 25% on Saturday, as traders continued to react to the token being delisted from the Robinhood platform. The global cryptocurrency market cap is currently down by nearly 6%, following these developments. Polygon, which was also de...

Bitcoin, Ethereum Technical Analysis: BTC Falls Below $26,000, as Traders Digest SEC’s Crypto Crackdown

Bitcoin moved below the $26,000 level to start the weekend, as bearish pressure intensified following a week of turbulence. Sentiment in the market once again shifted, as traders liquidated their positions on the back of the U.S. Securities and Excha...

Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets

Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank announc...

Founder of SEC Office of Internet Enforcement Warns of Upcoming Regulatory Siege: ‘Get Out of Crypto Platforms Now’

John Reed Stark, founder and former chief of the Office of Internet Enforcement of the U.S. Securities and Exchange Commission (SEC), has warned about a new regulatory “siege” against crypto platforms. Reed Stark believes that “cryp...

Singapore’s Crypto.com to Halt US Institutional Division Citing ‘Limited Demand’

Singapore-based cryptocurrency exchange Crypto.com announced that it intends to halt services for institutional traders in the United States on June 21, 2023. The exchange cited “limited demand” as the reason for suspending its institutio...

UK Bans ‘Refer a Friend’ Bonuses With Tougher Crypto Marketing Rules

Businesses marketing crypto assets to U.K. consumers will have to abide by stricter advertising rules presented by the country’s financial watchdog. These include prohibiting ‘refer a friend’ bonuses for the industry as well as introducing a cooling-...

Binance US Halts USD Deposits, Withdrawals — Asks Users to Withdraw Dollars by June 13

Binance US has informed its users that U.S. dollar deposits have been suspended and USD withdrawals will no longer be processed. The crypto exchange has asked customers to withdraw dollars by June 13 as it transitions into a crypto-only trading platf...

Bitmex Group CEO: US Crypto Crackdown May Drive Top Talent to ‘Markets With More Regulatory Certainty and Lower Risk’

Unlike in the United States where authorities are cracking down on the crypto industry, the regulations governing the industry are “more clearly defined and commercially viable in markets like Hong Kong, Singapore, and the UAE,” Stephan L...

Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition

In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of Bit...

Two Russians Charged for Infiltrating Mt Gox and Operating Illicit Crypto Exchange, BTC-e

In a statement issued on Friday, the U.S. Department of Justice (DOJ) revealed that two Russian individuals have been accused of infiltrating a cryptocurrency exchange and running an unlawful exchange. Reportedly, the pair gained unauthorized access...

Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure

Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023. This development comes after the publicly-listed company revealed that it was “actively reviewing&#x201...

Revolutionizing AI: GAIMIN Unleashes the Power of High-Powered, Distributed Gaming PCs to Fuel AI Models

PRESS RELEASE. GAIMIN (www.gaimin.io), the world’s leader in delivering decentralised data processing power through gaimin.cloud (www.gaimin.cloud), is delighted to announce GAIMIN is the world’s first company to power AI modelling computations throu...

Biggest Movers: SOL Slightly Higher, as XRP Collides With Key Resistance Level

Solana moved towards the $20.00 mark on Friday, despite reports confirming that Robinhood was set to delist the token from its platform. In addition to solana, cardano and polygon were also removed. XRP also trended higher in today’s session.&...

IMF Urges Fed to Maintain Tightening Policy Amid Inflation Concerns, Citing ‘Challenges’ Ahead

On Thursday, International Monetary Fund (IMF) spokesperson Julie Kozack urged the U.S. Federal Reserve and several other central banks to maintain a restrictive monetary policy known as tightening. Kozack stated that the U.S. central bank may need t...

Neon EVM Community Sale Sells out in 29 Minutes – Registering 717k Participants

PRESS RELEASE. Neon EVM is an Ethereum Virtual Machine (EVM) on Solana, offering developers the seamless integration of Ethereum dApps within the Solana ecosystem. By eliminating the gap between these two leading blockchains, Neon EVM empowers Ethere...

Bitcoin, Ethereum Technical Analysis: BTC Moves Higher, as Traders Prepare for Next Week’s Fed Meeting

Bitcoin edged marginally higher on Friday, as traders began to shift their attention to next week’s Fed meeting. Many are expecting that the Federal Reserve will keep rates unchanged for the first time in over a year. Ethereum remains above a...

Report: Zimbabwean Crypto Trader Uses Recovery Phrase to Steal Digital Assets Worth $457K From Client

A Zimbabwean crypto trader has appeared in court to face theft and money laundering charges after prosecutors accused him of stealing digital assets worth more than $457,000 from his client. The crypto trader is accused of siphoning the digital asset...

COZ and Degenz․wtf Join Forces to Launch a Physical NFT Collection for ‘Shadow Brother Sunday’ at Tribeca Festival

PRESS RELEASE. FORT COLLINS, CO / June 9, 2023 – COZ, a pioneering community in the blockchain industry, is excited to announce its collaboration with Degenz.wtf, a leading advisory firm, to support Alden Ehrenreich’s directorial debut, Shadow Brothe...

US Senator Bill Hagerty Warns SEC Actions ‘Pave the Way’ for a CBDC

Tennesse U.S. senator Bill Hagerty has warned about the consequences of the recent actions of the Securities and Exchange Commission (SEC) against cryptocurrency platforms in the country and the objectives that might be behind these. Hagerty stated t...

Report: Pan-African Crypto Exchange Mara Lays Off Majority of Employees

African crypto exchange Mara has not only parted ways with a reported 85% of its staff but has cut the salaries of workers that have remained. Although Mara has cast the layoffs as an exercise which aims to remove redundant roles, former employees ha...

Ripple CEO Brad Garlinghouse: ‘The SEC Is Throwing Lawsuits at the Wall’

Brad Garlinghouse, the CEO of Ripple, has criticized the crypto “pro-innovation” stance of the U.S. Securities and Exchange Commission (SEC) and its recent lawsuits against significant exchanges like Coinbase and Binance. Garlinghouse sta...

Bitcoin Advocate Nic Carter Accuses ‘Laser-Eyed Maxis’ of Turning Bitcoin Into a ‘Secular Cult’

In a tweet this week, crypto advocate Nic Carter took aim at those who claim to be bitcoin enthusiasts but have been applauding the U.S. Securities and Exchange Commission’s (SEC) enforcement actions. Carter accused these individuals of turnin...

Biggest Bank in Australia to Limit Transfers to Crypto Exchanges

Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit fun...

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