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Tether Counted Securities Issued by Chinese Firms Among Its Reserves: Bloomberg News
16.6.2023
Tether Holdings Ltd. at one point counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, according to Bloomberg News.
Tether at a point in time held securities issued by state-owned Chinese companies including Industrial & Commercial Bank of China Ltd....
Confirmed: $10 Trillion Asset Manager BlackRock Takes Leap into Crypto, Files for Spot Bitcoin ETF with SEC
16.6.2023
Investment giant BlackRock has filed for a spot bitcoin ETF, a product that is yet to get the green light from the Securities and Exchange Commission.
On Thursday, the firm filed an application with the SEC to launch the iShares Bitcoin Trust, which is intended to allow investors to get direct...
Which altcoins will survive the SEC crackdown? Bitcoin OG explains
16.6.2023
Bitcoin OG and educator Dan Held points out which crypto assets are most likely to avoid the ongoing SEC crackdown
FTX Founder Sam Bankman Fried's Attempt to Dismiss Charges Stumbles in Court
16.6.2023
Sam Bankman-Fried (SBF), the founder and former CEO of the bankrupt crypto exchange FTX, made an effort to have several charges against him dismissed in court.
Although the defense team's arguments faced skepticism from the US federal judge in New York, the judge did agree to divide the charges....
Texas State Securities Board Takes Enforcement Action Against Crypto Firm Abra and CEO Bill Barhydt – What's Going On?
16.6.2023
The Texas State Securities Board has issued an emergency cease-and-desist order against crypto lender Abra, claiming that it has been insolvent since at least March 31, 2023.
In a Thursday filing, the Texas regulator unveiled enforcement actions against Abra and its founder William Barhydt...
Pepe Coin Price Prediction as $100 Million Pushes PEPE Up 10% in 24 Hours – Are Whales Buying?
16.6.2023
The Pepe Coin price has risen by a strong 10% in the past 24 hours, reaching $0.000000932791 as the wider cryptocurrency market gains by 2% today.
This surge now means that PEPE is down by 17% in the last seven days and by 40% in the last 30, with the new meme token being disproportionately...
Terra Luna Founder Do Kwon to Stay in Custody Amid South Korea's Extradition Request
16.6.2023
Do Kwon, the founder of failed blockchain project Terra, could stay in custody for up to six months while Montenegro's courts consider an extradition request from South Korea.
On Thursday, a Montenegro court extended Kwon's stay in custody for an additional six months as he awaits trial...
Dogecoin Price Prediction as $300 Million Trading Volume Comes In – Can DOGE 10x From Here?
16.6.2023
The Dogecoin price has increased by 2.5% in the past 24 hours, reaching $0.061828 amid a similar gain today for the cryptocurrency market as a whole.
DOGE is now down by 9% in the past week and by 15% in the last 30 days, with the original meme token having fallen by 12% since the beginning of...
XRP Price Prediction as Crypto Prices Bounce From Recent Bottom – Is the Sell-Off Over Now?
16.6.2023
The XRP price has gained by 1% in the past 24 hours, climbing to $0.478546 as the cryptocurrency market recovers a little from its losses earlier in the week.
While XRP remains down by 8% in a the last seven days, it's up by 6.5% in the last 30 and has risen by 40% since the beginning of...
Chinese Banks Roll Out More Digital Yuan Wealth Management Options
16.6.2023
Chinese banks will let their customers pay for more wealth management products using the digital yuan, as the nation’s central bank digital currency (CBDC) continues to branch out.
Per the Chinese media outlet Financial Report Network (via Stockstar), the state-owned China Construction Bank (CCB)...
Mango Markets Manipulation: Trader Avraham Eisenberg To Stand Trial in December for $100 Million Crypto Scam
16.6.2023
Avraham Eisenberg, a trader accused of manipulating the decentralized exchange Mango Markets in a massive multi-million dollar scam, is slated to stand trial on Dec. 4 in New York.
The scam was carried out on October 11, 2022, with Mango Markets tweeting at the time that a hacker had manipulated...
Best Crypto to Buy Now 15 June – Trust Wallet, Uniswap, Casper
15.6.2023
A slight deviation in Tether's (USDT) stablecoin earlier today has caught the attention of cryptocurrency traders.
The move occurred within Curve's 3Pool decentralized finance ecosystem, which holds significant liquidity and three primary stablecoins: USDT, USDC, and DAI.
In light of this...
Terra Luna Classic Price Prediction as LUNC Becomes Best Performing Coin of the Day Despite Crypto Market Crash – What's Going On?
15.6.2023
Terra Luna Classic (LUNC) has demonstrated remarkable resilience in the face of the recent cryptocurrency market crash.
After bouncing off above the support level of 0.00009044, LUNC has managed to climb back up and is currently trading at $0.00009534.
This impressive recovery has captured...
HSBC, Standard Chartered, and Bank of China Pressured by Hong Kong to Embrace Crypto Exchanges – Next Crypto Hub?
15.6.2023
Hong Kong’s banking regulator has reportedly exerted pressure on banks including HSBC, Standard Chartered, and Bank of China to engage with crypto clients.
During a meeting last month, the Hong Kong Monetary Authority (HKMA) questioned why the banks had not accepted crypto exchanges as clients...
COTI is Going to Zero After the SEC Deems the Token a Security While This Lesser Known Green Crypto Just Hit $5.1 Million – Time to Buy?
15.6.2023
The $COTI price is fast going to zero in wake of the US Security and Exchange Commission’s (SEC) assessment that the token is a security.
$COTI, which powers the COTI network, was last trading around $0.043, having lost more than 35% of its value since the start of last week.
That’s when the...
While REVIVE Token Pumps Up 500% on DEXTools, Crypto Experts are Accumulating Wall Street Memes as the Next Crypto to Explode – Here's Why
15.6.2023
Revive Token ($REVIVE) has enjoyed an explosive start to life since launching across decentralized exchanges (DEXs) on Wednesday.
$REVIVE, which is based around the joke of crypto degens needing to revive their badly performing crypto portfolios, was last trading around $0.0009, up over 500%...
‘If You’re Selling BTC for Something, Sell it for Gold Instead of USD’, Says Tether CTO Paolo Ardoino
15.6.2023
In an insightful conversation with Cryptonews, Paolo Ardoino, the CTO of both Tether and Bitfinex, shed light on crucial topics relating to the crypto world.
The dialogue navigated the volatile waters of inflation, the allure of gold as a tangible asset, and the growing fascination with digital...
SEC Crackdown on Crypto: Harsh Realization or Necessary Clarity?
15.6.2023
The cryptocurrency industry has been under huge pressure since the price of Bitcoin plunged from its all-time high of $69,000 in late 2021.
A string of alleged frauds, financial contagions, and security breaches, along with the collapse of some high-profile trading and lending platforms, has...
Ethereum Price Prediction as Market Sell-Off Sends ETH Below $1,800 Level – Where is the Next ETH Support?
15.6.2023
The price of Ethereum (ETH) has dropped by 6.5% in the past 24 hours, with its fall to $1,637 coming as the cryptocurrency market continues to suffer losses amid regulatory uncertainty.
ETH is now down by 11% in the past week, although it does remain up by 52% in the last 12 months, with the coin...
Five Reasons Why Long-term Holders Are Dumping Dogecoin for Doge Rush
15.6.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
The Doge Rush presale is moving ahead at a meteoric pace as investors hoard $DR tokens at a discount in anticipation of a wild bull run later this year. Interestingly, a significant share of...