The House Agriculture Committee met on Tuesday to discuss legislation concerning the regulation of cryptocurrencies. The hearing will provide clarity for digital asset spot markets and will hear from a range of individuals, including the Chair of the US Commodity Futures Trading Commission, Rostin Behnam, Coinbase’s Chief Legal Officer, Paul Grewal, and former CFTC Chair
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On June 5, Bitcoin’s price fell by 5% in just one hour after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance for allegedly violating federal securities laws. Even though Bitcoin’s $25,500 support held up, investors are still processing the potential effects of the regulatory action, which also involves Binance CEO Changpeng
On June 5, Bitcoin (BTC) experienced a decline to multi-day lows as trading on exchanges intensified. According to data from Cointelegraph Markets Pro and TradingView, BTC/USD wicking fell to $26,640 on Bitstamp. The pair looked weak, down almost 3% from the weekend’s highs, as key support lines moved closer. Among these was the 200-week moving
Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao, also known as CZ, are facing a lawsuit filed by the US Securities and Exchange Commission (SEC) for their “blatant disregard of the federal securities laws”. The complaint, which includes 13 charges, accuses the exchange of operating an unregistered exchange and violating various US
Bitcoin (BTC) developers are in disagreement over the new “Ordinals” protocol, which has opened up a plethora of new applications for the cryptocurrency. While some celebrate the innovation, others believe it is clogging up the blockchain and causing problems for those using it as a peer-to-peer digital currency. Ali Sherief, a developer, has called for
The term “Internet 2.0” or Web3 has been gaining attention due to its decentralized nature and the increasing use of cryptocurrencies and tokens. However, the complex terminology of blockchains, wallets, gas fees, and numerous crypto tokens can be a daunting task for new users to navigate, and the volatile nature of the market can pose
Binance, one of the largest cryptocurrency exchanges, has received charges of securities violations from the US Securities and Exchange Commission (SEC). The charges were filed against Binance CEO Changpeng Zhao and various associated companies on June 5. Support from Huobi Advisor and Former TRON CEO Following the news of the charges, Huobi advisor and former
On June 2, the price of Arbitrum (ARB) experienced a 9% increase to reach an intraday high of $1.25. The rise in price was higher than the overall gains of 1.5% in the crypto market. This increase in price was attributed to the US Senate’s decision to raise the debt limit. Andrew Kang’s Crypto Investments
Animoca Brands, a Hong Kong-based investor in blockchain gaming and Web3, has postponed its financial report since 2020. The company was spun out of Animoca in 2014 and was listed on the Australian Securities Exchange in 2015. Animoca Brands began rolling out massive game projects but struggled to publish its audited accounts in 2020. Reasons
Successful trading and investing in the crypto market is more difficult than in traditional financial markets due to the unfamiliarity of blockchain-related concepts. However, a new all-in-one web3 platform called Launchpad XYZ aims to address this issue by providing users with an array of tools and services. What is Launchpad XYZ? Launchpad XYZ is an