Cryptocurrency news

• Binance.US hires former SEC enforcement official amid lawsuit: Report

  12-06-2023 23:56 via cointelegraph.com
  
  Former SEC enforcement co-director George Canellos reportedly joins the Binance.US legal team as the firm faces challenges to keep its assets unfrozen.
  
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• Polygon 2.0 introduces upgrades to tap into ‘Value Layer’ of internet

  12-06-2023 23:45 via cointelegraph.com
  
  According to Polygon Labs, Polygon 2.0 will enable users to create, exchange and program value on the internet.
  
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• Ripple expands Canadian engineering activities with U of Toronto XRP validator

  12-06-2023 23:25 via cointelegraph.com
  
  Canada’s largest university is the third in the country to partner with Ripple’s University Blockchain Research Initiative.
  
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• MATIC Price Displays Recovery But Can Bulls Sustain The $0.50 Support?

  12-06-2023 23:00 via newsbtc.com
  
  Over the past 24 hours, the Polygon (MATIC) price has shown attempts to reverse its downward movement. The altcoin has regained more than 4% of its value during this time. However, on the weekly chart, MATIC has experienced a decline of over 27%, causing it to breach important support levels.
  The technical analysis of MATIC indicates a prevailing bearish sentiment in the market, with low levels of demand and accumulation. The volatility of Bitcoin has influenced the price action of altcoins, inc
  
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• Wallingford police warn of cryptocurrency scam after resident robbed of 19K - WTNH.com

  12-06-2023 22:58
  Wallingford police warn of cryptocurrency scam after resident robbed of 19K  WTNH.com
  
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• SEC's Temporary Restraining Order Would 'Effectively End' Binance.US Business, Company Claims

  12-06-2023 22:56
  
  A Securities and Exchange Commission (SEC) Monday effort to freeze Binance.US's funds is a "draconian and unduly burdensome" move, the U.S. affiliate of the global crypto exchange argued Monday.
  
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• Bitcoin Dithers Below $26K as Investors Eye CPI Data, FOMC Rate Hike Decision

  12-06-2023 22:56
  
  The largest cryptocurrency held its perch where it spent much of the previous three days.
  
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• Bitcoin on-chain data shows miners offloading BTC as revenues shrink

  12-06-2023 22:30 via cointelegraph.com
  
  Bitcoin miners have been selling BTC since the start of June, potentially adding further pressure to the BTC price.
  
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• BLUR Underperforms CoinDesk Market Index Ahead of $62M Token Unlock

  12-06-2023 22:28
  
  Huge increase in supply could hurt BLUR’s price. The token has also fallen after SEC labeled other tokens as securities.
  
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• Student research puzzles out cryptocurrency risk by comparing ... - news.bryant.edu

  12-06-2023 22:27
  
  Student research puzzles out cryptocurrency risk by comparing ...  news.bryant.edu
  
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• Student research puzzles out cryptocurrency risk by comparing ... - Bryant University

  12-06-2023 22:27
  
  Student research puzzles out cryptocurrency risk by comparing ...  Bryant University
  
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• Lawmakers introduce bill to remove SEC chair — but do they have the authority?

  12-06-2023 22:23 via cointelegraph.com
  
  A Supreme Court decision ruled that the U.S. President could not remove commissioners except for “standard of inefficiency, neglect of duty, or malfeasance.”
  
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• Thailand launches retail CBDC pilot with 2 banks and Singapore payment service

  12-06-2023 22:00 via cointelegraph.com
  
  The project, delayed from last year, will enlist bank employees and nearby businesses for the pilot. Each payment provider has launched its own app.
  
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• Ethereum Forms Weekly Golden Cross, But Is It Enough To Save Crypto?

  12-06-2023 21:31 via newsbtc.com
  
  Despite the carnage and chaos all across the crypto market due to recent US SEC-related enforcement actions, Ethereum has just given a bullish buy signal.
  On weekly timeframes, ETHUSD has formed a golden cross, but will it be enough to give the asset class a glimmer of hope amidst such darkness? Let’s take a closer look.
  Ethereum Price Golden Cross Buy Signal Forms On Weekly Chart
  Ethereum prices are down roughly 20% off 2023 highs, but still down more than 60% from the record peak back in
  
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• Binance.US Plunges As Market Makers Rush To Exit, Market Depth Down 80%

  12-06-2023 21:30 via newsbtc.com
  
  Binance.US, the US subsidiary of popular cryptocurrency exchange Binance, has experienced a significant drop in liquidity, with market makers and traders reportedly fleeing the exchange in large numbers. According to data from crypto market data provider Kaiko, liquidity, as measured by aggregated market depth for 17 tokens on the exchange, has fallen nearly 80% over the past week.
  On June 4, the day before the Securities and Exchange Commission (SEC) lawsuit, market depth was $34 million, but t
  
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• Bank of China issues $28M in digital structured notes on Ethereum blockchain

  12-06-2023 21:20 via cointelegraph.com
  
  The securitized tokens are governed by Hong Kong and Swiss law.
  
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• 5 Best Free Cryptocurrency Cloud Mining Sites in 2023 - Side Hustle ... - Crypto News Flash

  12-06-2023 21:14
  
  5 Best Free Cryptocurrency Cloud Mining Sites in 2023 - Side Hustle ...  Crypto News Flash
  
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• Bitcoin, Cardano, and CryptoCurrency forums on Reddit limit access ... - crypto.news

  12-06-2023 20:45
  
  Bitcoin, Cardano, and CryptoCurrency forums on Reddit limit access ...  crypto.news
  
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• Reimagining NFTs: Seamless Integration and Beyond - The Street ... - TheStreet

  12-06-2023 20:37
  
  Reimagining NFTs: Seamless Integration and Beyond - The Street ...  TheStreet
  
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• ​​Crypto fund outflows reach $417M over 8 weeks as investor caution persists

  12-06-2023 20:30 via cointelegraph.com
  
  According to CoinShares, digital asset investment product outflows amounted to $88 million last week.
  
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• Bitcoin Stuck In Historically Tight Range, Calm Before The Storm?

  12-06-2023 20:30 via newsbtc.com
  
  Data shows Bitcoin has been stuck in a historically tight range recently, something that could be a precursor for extreme volatility.
  Bitcoin 30-Day Price Range Has Compressed To Tight Values
  In a new tweet, the analytics firm Glassnode has looked into how volatile the asset has been recently. One way to quantify the volatility of Bitcoin is by taking the highest and lowest price points over a specific time period and calculating their percentage difference.
  The timespan of interest in the conte
  
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• Crypto Catalyst Watch: What Might Move Markets This Week

  12-06-2023 20:27
  
  The Federal Reserve’s latest rate hike decision and U.S. inflation data are among key upcoming items.
  
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• Price analysis 6/12: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

  12-06-2023 20:26 via cointelegraph.com
  
  Market observers will closely watch the United States CPI data and the Fed’s policy decision to provide direction to the stock and crypto market.
  
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• The first-world debt crisis means you can expect more pain ahead

  12-06-2023 20:21 via cointelegraph.com
  
  You should be prepared for gradual deterioration in your quality of life — or search for alternative assets that could protect your wealth.
  
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• Mercado Bitcoin Portugal first authorised cryptocurrency broker - The Portugal News

  12-06-2023 20:05
  
  Mercado Bitcoin Portugal first authorised cryptocurrency broker  The Portugal News
  
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• Polygon Takes Wraps Off Version 2.0

  12-06-2023 20:03
  
  The protocol calls the latest version “the value layer of the Internet.”
  
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• Crypto Investment Funds See 8th Consecutive Week of Outflows

  12-06-2023 19:59
  
  Unfavorable monetary and regulatory policy continue to take a toll on the industry.
  
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• Centralized And Decentralized Cryptocurrency Exchanges - Blockchain Magazine

  12-06-2023 19:59
  
  Centralized And Decentralized Cryptocurrency Exchanges  Blockchain Magazine
  
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• Breaking: US lawmakers file 'SEC Stabilization Act' to fire Gary Gensler

  12-06-2023 19:53 via cointelegraph.com
  
  "U.S. capital markets must be protected from a tyrannical Chairman, including the current one," Congressman Warren Davis wrote in reference to SEC head Gary Gensler.
  
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• Judge tells estranged couple with €500k in cryptocurrency they will ... - Independent.ie

  12-06-2023 19:33
  Judge tells estranged couple with €500k in cryptocurrency they will ...  Independent.ie
  
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• SBI CEO Predicts Massive XRP Price Surge, Expects Ripple Verdict In Few Weeks

  12-06-2023 19:25 via newsbtc.com
  
  The chairman and CEO of Japanese financial giant SBI Holdings Inc., Yoshitaka Kitao, has made an extremely bullish prediction about the XRP price and Ripple Labs as a company. As is well-known, Kitao is one of Ripple’s biggest supporters and, remarkably, a former board member of the fintech (replaced by Adam Traidman).
  In a Japanese speech in front of an audience, Kitao made several statements that are likely to make the XRP community sit up and take notice. According to Kitao, the ongoing
  
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• Hong Kong Lawmaker Invites Coinbase to Apply to Operate in Region Amid U.S. SEC Crackdown

  12-06-2023 19:08
  
  The company is excited to expand globally and wants to build in Abu Dhabi, Canada, Singapore, and get authorized with the U.K. under its upcoming crypto regime Tom Duff-Gordon Vice President of International Policy at Coinbase said.
  
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• How CBDC And Cryptocurrency Will Boost Public Opinion On Digital ... - Blockchain Magazine

  12-06-2023 19:00
  
  How CBDC And Cryptocurrency Will Boost Public Opinion On Digital ...  Blockchain Magazine
  
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• Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong

  12-06-2023 18:55
  
  It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.
  
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• 10 Ways Crypto and AI Can Make Each Other Better (or Maybe Worse)

  12-06-2023 18:33
  
  The hype around artificial intelligence is drawing away capital and talent from Web3. But AI and and crypto are overlapping technologies, with potential for each to influence the other, says Jeff Wilser.
  
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• Data Reveals Short-Term Bitcoin Holders Refuse To Sell Despite SEC Crackdown

  12-06-2023 18:30 via newsbtc.com
  
  Amid ongoing regulatory scrutiny and fear, uncertainty, and doubt (FUD) surrounding Bitcoin (BTC), short-term holders who are often known to be the first to sell off their assets when prices decline have displayed unusual resilience in the face of the current market challenges. 
  According to the latest data, these holders are bucking the trend and choosing to stay in the market, indicating their confidence in Bitcoin’s future profitability.
  Short-Term Holders Display Resilie
  
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• UK to get ‘early or priority access’ to AI models from Google and OpenAI

  12-06-2023 18:27 via cointelegraph.com
  
  It’s unclear at this time what access the U.K. will receive, but the reported commitment could be the first of its kind.
  
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• Bitcoin and select altcoins show resilience even as the crypto market sell-off continues

  12-06-2023 18:25 via cointelegraph.com
  
  Regulatory enforcement against the crypto sector has spooked investors, but the total crypto market capitalization continues to hold above $1 trillion.
  
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• BitGo's Suit Against Galaxy Digital Over Canceled $1.2B Purchase Dismissed by Delaware Judge

  12-06-2023 17:51
  
  Crypto custodian BitGo had agreed to a sale to Galaxy Digital in May 2021, but Galaxy pulled out of the deal last August amid the industry’s sustained bear market.
  
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• Insights On ADA’s Security Concerns: Cardano Founder And Ripple CTO Exchange Views

  12-06-2023 17:30 via newsbtc.com
  
  In a series of tweets, Ripple’s CTO, David Schwartz, and Cardano founder Charles Hoskinson have contested SEC’s security classification of ADA in the ongoing regulatory crackdown.
  Hoskinson and Schwartz’s objections to the SEC’s stance were prompted by tweets from an attorney known for supporting XRP, Bill Morgan.
  It’s important to note that the US SEC filed lawsuits against Binance and Coinbase on June 6 and June 5, alleging that both exchanges were trading unregis
  
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• Binance.US Market Depth Declines 76% in June Following SEC Lawsuit

  12-06-2023 17:29
  
  Binance.US’s market depth has dropped in June as market makers are fleeing the exchange following the SEC’s lawsuit.
  
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• 21Shares Introduces Exchange-Traded Product for Liquid Staking Platform Lido DAO

  12-06-2023 17:06
  
  While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.
  
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• US court dismisses BitGo’s claims in $100M lawsuit against Galaxy Digital

  12-06-2023 17:03 via cointelegraph.com
  
  Vice Chancellor J. Travis Laster of the Delaware Court of Chancery said Galaxy had a “clean termination right” to the acquisition of BitGo, which it announced in 2022.
  
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• Top 10 Signs Of Cryptocurrency Scams That Are Very High Risk - Blockchain Magazine

  12-06-2023 17:01
  
  Top 10 Signs Of Cryptocurrency Scams That Are Very High Risk  Blockchain Magazine
  
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• Cardano Price Falls Below Key Support Levels, Will It Continue To Fall?

  12-06-2023 16:30 via newsbtc.com
  
  Cardano’s native token, ADA, has been significantly affected by the recent downturn in the cryptocurrency market, experiencing a notable decline in price. Despite a recent surge of over 6% in the last 24 hours, the bearish sentiment continues to exert its influence.
  Over the past week, Cardano has encountered a loss of approximately 26% in value, resulting in the breaking of crucial support levels that have now transformed into resistance levels.From a technical outlook, Cardano indicates
  
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• Is Ron DeSantis good for crypto? Republican makes Bitcoin part of campaign

  12-06-2023 15:55 via cointelegraph.com
  
  The governor of Florida wants to defend people’s right to “do Bitcoin.”
  
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• Robinhood’s May Crypto Trading Volume Falls 68% to $2.1B

  12-06-2023 15:48
  
  The trading platform recently delisted three tokens that were classified as securities in the SEC's lawsuit against Coinbase and Binance.
  
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• Peter Brandt Asserts Bitcoin’s Superiority, Calls Other Crypto Assets Scams

  12-06-2023 15:30 via newsbtc.com
  
  Renowned trading professional Peter Brandt recently made waves in the cryptocurrency community with his firm belief that Bitcoin (BTC) is the only crypto asset worth considering, dismissing Ethereum (ETH) and other digital currencies as mere imitators or scams.
  Brandt, a seasoned foreign exchange trader with a wealth of experience, boldly stated on Twitter that Bitcoin stands as the sole contender to emerge victorious in the marathon of the crypto industry. According to him, all other digital as
  
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• AI Eye: Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns

  12-06-2023 15:30 via cointelegraph.com
  
  Is AI an existential threat like nuclear weapons, or as likely to kill us as a toaster? Why all AI fields advance at once, and dumb pic puns.
  
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• Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff

  12-06-2023 15:16
  
  The blockchain research and engineering company has cut jobs as it pivots to a smaller venture studio business model.
  
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