Mark Cuban, a billionaire tech investor and Shark Tank star, has criticized the U.S. Securities and Exchange Commission (SEC) for its approach to regulating the blockchain industry. In a debate with former SEC official John Reed Stark, a crypto skeptic who disagrees with the “lack of regulatory clarity in the cryptoverse” argument put forth by
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The cryptocurrency ATOM, which powers the Cosmos network of independent and parallel blockchains, is rallying on Friday in tandem with a broader lift in crypto market sentiment. The value of ATOM/USD is nearing weekly highs and a retest of the $9.0 per token level, gaining close to 3.0% on the session. This is due to
Between June 14 and June 15, Ether’s price fell by 7%, reaching its lowest level in three months. This decline impacted investors’ view that the altcoin was en route to turning $2,000 to support. It’s important to note that the $1,620 bottom represents a $196 billion market capitalization for Ether (ETH), which is higher than
Revive Token ($REVIVE) has made an explosive entrance since its launch on decentralized exchanges (DEXs) last Wednesday. Based on the joke of crypto degens needing to revive their poorly performing crypto portfolios, the token was trading at around $0.0009, representing a rise of over 500% since its launch. At its peak, $REVIVE spiked up to
Stablecoin company Tether has released its reserve data after a legal fight to keep it private. The company stated that it had previously reported some data to the New York Attorney General’s Office (NYAG) as part of its settlement obligations in early 2021. CoinDesk Requested Access Afterwards, CoinDesk requested access to one of Tether’s reports.
The $COTI token, which powers the COTI network, has lost over 35% of its value in the wake of the US Security and Exchange Commission’s (SEC) assessment that it is a security. The SEC unveiled new lawsuits against Binance and Coinbase, labeling $COTI and dozens of other cryptocurrencies as securities. The cryptocurrency is now down
Bitcoin’s price has remained steady within a narrow 3.4% range for the past three days after defending the $25,500 support on June 10. However, investors’ attention has shifted to the macroeconomic area as the United States Federal Reserve is set to announce its interest rate decision on June 14. Despite cryptocurrencies’ independence from traditional finance
Black & White Burger, a French fast food chain in Belgium, has recently announced that it will accept cryptocurrency payments in all of its 12 outlets across the nation. In addition to this, the chain has created a “mystery burger” that will only be available to customers who pay using cryptocurrency. The Partnership The fast
Binance, a cryptocurrency exchange, announced on June 13th that it will convert “zombie assets” into stablecoins to safeguard users’ assets from being “stuck in limbo.” “Zombie assets” are delisted cryptocurrencies whose networks are no longer supported by the exchange. However, Binance did not mention which stablecoin these assets would be converted into. Recently, a few
The recent SEC lawsuits against Binance and Coinbase have raised concerns about the future of web3 in the United States. However, the House Financial Services hearing on “The Future of Digital Assets” provided insights into the potential future of digital assets in the country. During the hearing, witnesses discussed the need for regulation, the impact