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Binance, Coinbase, Robinhood: A Week of Crypto Crackdowns and Regulatory Fallout — Week in Review
11.6.2023
Seismic shifts have been occurring in crypto this past week, with the United States Securities and Exchange Commission (SEC) leaning remarkably further into what some call its “regulation by enforcement” approach, as the entity is now suing both Binance and Coinbase for securities...
Hong Kong Meme Coin $KONG Pumps 1,000%, Trends Above Pepe on DEXTools - Best Crypto to Buy Now?
10.6.2023
Meme coins are currently gaining a lot of attention and breaking daily trading records with high volumes.
One making the rounds is the Hong Kong meme coin which has surged over 1,000% in the past week.
This new sensation has many investors placing it in the same fold as the $PEPE token. ...
Founder of SEC Office of Internet Enforcement Warns of Upcoming Regulatory Siege: ‘Get Out of Crypto Platforms Now’
10.6.2023
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 “crypto trading platforms are high-risk, perilous,...
Best Crypto to Buy Now 9 June – Immutable X, Render, Stacks
10.6.2023
The cryptocurrency industry is in turmoil, with Coinbase and Binance experiencing a massive outflow of over $4 billion in recent days.
This is due to the allegations by the SEC of federal securities law violations, leading to a significant number of users leaving these exchanges.
Given these...
Two Russians Charged for Infiltrating Mt Gox and Operating Illicit Crypto Exchange, BTC-e
9.6.2023
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 to Mt Gox’s servers from 2011 to 2014...
Bitcoin Price and Ethereum Prediction: US SEC Lawsuit, FTX Bankruptcy, and BitGo Updates Unveiled
9.6.2023
Bitcoin and Ethereum, two of the leading cryptocurrencies, have been in the spotlight recently due to significant developments surrounding the US Securities and Exchange Commission (SEC) lawsuit, the bankruptcy of FTX exchange, and the acquisition deal involving BitGo.
These updates have brought...
Best Crypto to Buy Now 8 June – Stacks, Lido DAO, Bitget
9.6.2023
U.S. Securities and Exchange Commissioner Chair Gary Gensler emphasized the importance of regulatory compliance in the crypto industry today at the Piper Sandler Global Exchange & FinTech Conference, rejecting any idea of preferential treatment for cryptocurrencies.
He challenged claims...
Bitcoin Now Undervalued vs S&P 500, According to This Metric
8.6.2023
Bitcoin (BTC) is now undervalued versus the S&P 500.
That’s according to a metric that runs an Ordinary Least Squares (OLS) regression of the relationship between bitcoin and S&P 500 over the last 200 days to estimate of fair value for the Bitcoin price based on the current S&P 500 price.
This...
Do Kwon Moved $29 Million Worth of Coins Since Arrest, Prosecutor Says
8.6.2023
Founder of Terraform Labs, Do Kwon, has withdrawn millions of dollars in crypto from an entity linked to his failed blockchain firm, investigators claim. South Korean authorities are now trying to locate the digital assets that have been allegedly transferred since his arrest in Montenegro...
That Bloodborne-Looking Pinocchio Soulslike Has A Demo Now
8.6.2023
During Summer Game Fest, host Geoff Keighley debuted a new Lies of P trailer that came with some gorgeous classic music. There was a treat in it, though: the Bloodborne-inspired Soulslike is not only coming to most platforms on September 19. But you can play the action RPG right now if you wanted...
Optimism Says Ether Now Treated as Native Cryptocurrency Alongside OP Token
8.6.2023
Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism's “Bedrock” upgrade this week
Shiba Inu Price Prediction as $100 Million Trading Volume Comes In as Crypto Prices Recover – Here's Where SHIB is Heading Now
8.6.2023
Shiba Inu (SHIB) price predictions remain bearish despite a surge in trading activity that, according to CoinGecko, saw more than $100 million in SHIB tokens change hands over the last 24 hours.
That’s because Shiba Inu’s technical picture is still looking very ugly, with the crypto token current...
DeFi Protocol Curve Finance Now Lets Users Mint crvUSD for Staked Ether
8.6.2023
The governance proposal for the crvUSD minting was passed early on Thursday
Metronome now supports Optimism, a Layer 2 solution
8.6.2023
Optimism, which is an upcoming layer 2 solution, has been incorporated into Metronome. With the assistance of Metronome Synth and Smart Farming, all DeFi users will be able to execute efficient and economical formulas. This will, in turn, expose them to reduced network fees and provide them with...
Best Crypto to Buy Now 7 June – Optimism, ApeCoin, Lido DAO
7.6.2023
The U.S. House Financial Services Committee will hold a hearing on June 13 on the topic of cryptocurrencies, potentially giving more clarity to the markets.
The committee oversees matters like the Federal Reserve Board, the US Treasury, and currency.
How might this affect the cryptocurrency...
This Pokémon Game Had Been Lost For Years, Until Now
7.6.2023
My first foray into the world of Pokémon as a kid was the Generation 3 games, Pokémon Ruby and Sapphire. So it brought me great pleasure to hear of a new project led by a group of video game preservationists, working to restore a lost web-browser-based Pokémon game that was released during...
Best Crypto to Buy Now 6 June – Bitget, Quant, Kava
7.6.2023
Coinbase, one of the leading cryptocurrency exchanges globally, faces a lawsuit from US regulators, hot on the heels of similar legal action against Binance, another industry heavyweight.
The Securities and Exchange Commission (SEC) accused Coinbase of operating illegally without prior...
Netflix Series I Think You Should Leave’s Ridic Egg Game Is Now Real
6.6.2023
Netflix’s sketch comedy show I Think You Should Leave premiered its third season at the end of May, and while the series is highly successful in creating ear-worm quotables—”That’s a Chunky” and “Now I’m sick off of your mud pie” come to mind—the egg game from the second episode has captured...
SEC Chairman Gensler Stresses Existing Fiat Digital Currencies Are Sufficient Amid Coinbase and Binance Actions
6.6.2023
In the aftermath of the U.S. Securities and Exchange Commission’s (SEC) enforcement actions against Coinbase and Binance, chairman Gary Gensler engaged in a conversation, maintaining that further digital currencies are unnecessary. “We already have digital currency. It’s called...
Coinbase Becomes the Latest Target of SEC: Accused of Unregistered Brokerage and Securities Violations
6.6.2023
After the U.S. Securities and Exchange Commission (SEC) sued Binance, it has now filed a legal case against the San Francisco-based exchange, Coinbase. The SEC alleges that Coinbase breached multiple securities regulations and has been functioning as an unregistered broker since 2019. SEC Alleges...