Former SEC Chairman Jay Clayton on Enforcement Actions: Crypto Should Be Treated With ‘Nuance’
11.6.2023
Jay Clayton, former U.S. Securities and Exchange Commission (SEC) chairman, gave his opinion about how the organization approaches enforcement in the crypto space. In a Bloomberg Invest panel, Clayton stated that while he supports the agency and the law, the crypto regulation issue should...
A sideways Bitcoin price could lead to breakouts in ETH, XRP, LDO and RNDR
11.6.2023
If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies
Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a ‘Person’ Under the Law
11.6.2023
On June 9, 2023, the Commodity Futures Trading Commission (CFTC) declared victory in a lawsuit against Ooki DAO, a decentralized autonomous organization. According to the CFTC, the judge’s ruling that the Ooki DAO is a “person” under the Commodity Exchange Act sets a new legal...
Binance Faces Regulatory Hurdle in Nigeria: Ordered to Cease Operations
11.6.2023
Binance, the world's largest cryptocurrency exchange by trading volume, has been ordered to cease operations in Nigeria by the country's Securities and Exchange Commission (SEC).
In a recent statement, the regulator declared the operations of Binance "illegal" in the West African nation, stating...
SOL is not a security, says the Solana Foundation
11.6.2023
The SEC has labeled the SOL token as a security in two separate lawsuits filed on June 5 and June 6 against crypto exchanges Binance and Coinbase
Cardano Price Prediction as Founder Charles Hoskinson Appears to Settle Differences with XRP Community Amid SEC Crypto Crackdown – Has ADA Bottomed Already?
11.6.2023
In the midst of the SEC's crypto crackdown and the growing uncertainty in the cryptocurrency market, Cardano has caught the attention of investors.
Founder Charles Hoskinson's recent efforts to bridge the gap with the XRP community have sparked discussions about the future of Cardano (ADA). ...
Nvidia hits trillion-dollar milestone: Render Token & InQubeta rises amid AI interest surge
11.6.2023
The AI market is becoming more valuable by the day as many technology experts are shifting their attention to AI software. Crypto enthusiasts and experts have begun recognizing the value of investing in AI technology. Many cryptocurrencies are taking advantage of this interest to create ecosystems...
SEC Lawsuits Fuel Bitcoin and Ethereum Exodus From Exchanges: Nearly $1 Billion Withdrawn in 7 Days
11.6.2023
It has been six days since Binance faced a lawsuit from the U.S. Securities and Exchange Commission (SEC), and five days since Coinbase encountered a similar legal challenge. In the wake of these events, a substantial amount of bitcoin and ethereum has been withdrawn from exchanges, with data...
Economist Jim Rickards Predicts Unveiling of New BRICS Currency — Says ‘the World Is Unprepared for This Geopolitical Shock Wave’
11.6.2023
Jim Rickards, an economist and the author of “Currency Wars,” has predicted the unveiling of a new BRICS currency, stating that it “could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency.” Emphasizing that...
Arbitrum holding support well, Avorak Beta likely signaling a trade
11.6.2023
Among the stable cryptocurrencies amid the volatile digital space is Arbitrum, as it holds on to its support level. The Ethereum layer 2 scaling solution has been performing well, and investors are leveraging this digital asset to make profits. Moreover, Avorak Beta offers an in-depth analysis...
Crypto.com Confirms Arena Name Won't Change Despite Institutional Exchange Shutdown
11.6.2023
The Las Angeles-based sports and entertainment arena, Crypto.com Arena, will be keeping its name despite the cryptocurrency exchange’s decision to shut down its institutional exchanges in the United States.
On 9 June, Crypto.com unveiled plans that it will be stopping its institutional exchange...
TrueUSD Loses Dollar Peg Following Minting Suspension with Prime Trust
11.6.2023
TrueUSD, a major fiat-collateralized stablecoin, has lost its peg following the announcement that it has suspended minting activities through its technology partner Prime Trust.
In early Saturday hours, TUSD started distancing away from its intended $1 peg, dropping to as low as $0.993090 before...