Search
Today in Crypto: US Inflation Falls, Apple Threatens Damus Removal, Ripple Hinman Documents Unsealed + More News
13.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: US Inflation Falls, Apple Threatens Damus Removal, Ripple Hinman Documents Unsealed + More News
Judge Rules in Favor of Galaxy Digital in Case Against BitGo Over $1.2 Billion Deal Cancellation
13.6.2023
In a recent development, a federal judge in Delaware has ruled in favor of Galaxy Digital, the crypto merchant bank led by Mike Novogratz.
The case pertains to the termination of a $1.2 billion acquisition deal with BitGo. The court dismissed BitGo's lawsuit, stating that Galaxy had a valid basis...
Circle CEO Allaire Puts Pressure on House Lawmakers To Pass a Stablecoin Bill
13.6.2023
The CEO of stablecoin issuer Circle put the pressure on lawmakers to pass a stablecoin bill and get it signed by President Joe Biden as other countries forge ahead.
Delivering a stablecoin bill to “President Biden’s desk should be a national priority,” said CEO Jeremy Allaire in his prepared...
Bitcoin Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks
13.6.2023
The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021, according to Glassnode
Telecom Giant Taiwan Mobile in Talks for Crypto Platform Investment
13.6.2023
Telecommunications giant Taiwan Mobile is in talks with local crypto platforms about potential partnerships and even investment in one of the businesses.
The government-licensed wireless service provider is exploring opportunities for collaboration with blockchain-enabled financial institutions...
Polygon in the process of creating the Value Layer
13.6.2023
Polygon is in the process of creating the Value Layer for the internet, which will allow a user to build, as well as share and program the Value Layer. This is similar to the internet offering the option of building and sharing information. The internet is known to establish connectivity with...
Classifying Crypto Tokens as Securities Will Hamper Some Blockchains’ Decentralization Efforts, Bernstein Says
13.6.2023
The core issue is whether countries should use securities law framed decades ago to categorize crypto tokens, without realizing the efforts of blockchain networks’ to transform existing financial systems, the report said
Shiba Inu Testnet Blockchain 'Puppynet' Crosses 20M Transactions
13.6.2023
A large whale added over $10 million worth of SHIB tokens on Tuesday, data shows
Binance Lawyers Push Back Against US SEC Claims That Binance.US Customer Assets Are at Risk
13.6.2023
Attorneys for Binance.US and Binance CEO Changpeng Zhao argued that the US Securities and Exchange Commission’s temporary restraining order to freeze its assets should be denied.
There is no risk to customer assets, the lawyers said on Monday in a court filing ahead of a Tuesday hearing...
Fear of blockchain will have 'disastrous consequences' — Ava Labs CEO testimony
13.6.2023
Gün Sirer says the U.S. “won the first wave of the internet revolution” because it enabled responsible innovation. Now, it must do the same with blockchain
NFT Market Sees 20% Drop in Weekly Sales After a Few Weeks of Gains
13.6.2023
After several weeks of consecutive gains, sales of non-fungible tokens (NFTs) have slumped 20.44% this week compared to the previous week. According to seven-day statistics, NFT sales totaled $152.96 million last week, with $84 million in sales originating from the Ethereum blockchain. This...
Sturdy Finance Falls Victim to Exploit, Losing 442 ETH in Latest Defi Hack
12.6.2023
Decentralized finance (defi) platform Sturdy Finance was exploited on Sunday evening, losing 442 ether to an attacker. The team behind the project stated that it is aware of the reported exploit and paused markets at 10:19 p.m. ET. 442 Ethereum Worth Over $766K Siphoned From Sturdy Protocol...
Binance.US Adds to Its Legal Defense in Wake of SEC Lawsuit: Bloomberg News
12.6.2023
Binance.US has bulked up its legal expertise and added four lawyers to fight recent charges from the US Securities and Exchange Commission.
One of those lawyers includes former co-director of the SEC’s enforcement division, George Canellos, according to Bloomberg News.
Canellos was also...
House Republicans Introduce Bill To Fire US SEC Chair Gary Gensler and Make Other Reforms
12.6.2023
House Republicans filed a bill on Monday that would fire US Securities and Exchange Commission Chair Gary Gensler and restructure the agency.
Reps. Tom Emmer and Warren Davidson introduced the SEC Stabilization Act, to “remove Chairman Gensler following his long series of abuses that have been...
Bank of China issues $28M in digital structured notes on Ethereum blockchain
12.6.2023
The securitized tokens are governed by Hong Kong and Swiss law
Hong Kong Legislator Invites Coinbase Amidst SEC Scrutiny
12.6.2023
The US SEC has been actively examining the operations of digital asset exchanges, raising concerns about investor protection and market integrity.
It slammed the top crypto exchanges, Binance and Coinbase, with lawsuits alleging securities laws violations on June 5 and 6.
But despite the...
Potential Venus Protocol Liquidation Raises Concerns in BNB Community
12.6.2023
Crypto market observers are currently focusing on the Venus Protocol this week as the protocol grapples with a possible liquidation of binance coin (BNB). The hacker who exploited the BNB blockchain managed to secure $150 million in stablecoins through the use of Venus. If the price of BNB slips...
Crypto Tax Software Firm Taxbit Lays Off Almost 40% of Its Staff
12.6.2023
Taxbit – a software company that assists cryptocurrency holders with tax compliance issues – has cut nearly half of its staff in an effort to re-expand in the U.K. and EU, the company told employees on Thursday. ...
Read More: Crypto Tax Software Firm Taxbit Lays Off Almost 40% of Its Staff
Former SEC Chief Warns, “Get Out Of Crypto Platforms Now” -What’s Going On?
12.6.2023
Former Enforcement Division chief of the U.S. Securities and Exchange Commission (SEC), John Reed Stark, came up with a warning in his Tweet on June 8, 2023. The warning came directly with the label "Get out of crypto platforms now."
Following the SEC's actions against Coinbase and Binance, Stark...
Blockchain Staking Provider Chorus One Expands to Peer-to-Peer Network Urbit
12.6.2023
Chorus One's bet on Urbit's future growth is described by executives as a natural extension of the company's staking services on blockchains including Ethereum, Solana, Cosmos and Polkadot